Calibre Expand Nicaraguan Project after Positive Assay Results

- December 6th, 2011

Calibre Mining Corp. (TSXV:CXB) announced the completion of 17 drill holes at their 100% owned Riscos de Oro project.

Calibre Mining Corp. (TSXV:CXB) announced the completion of 17 drill holes at their 100% owned Riscos de Oro project.

As quoted in the press release:

To date, 17 drill holes (4,336.9 metres) of a planned 6,000 metre program have been completed with assay results received for 9 holes totaling 2,328.4 metres. All 9 holes intersected veins or mineralized structures with variable gold and silver grades with results including: 5.80 metres grading 9.37 g/t gold and 64.8 g/t Ag (RD11-019) and 2.95 metres grading 4.23 g/t gold and 449.8 g/t Ag (RD11-025)

Calibre Mining Corp., Chairman, Douglas Forster, said:

“In the Phase II Riscos de Oro drill program Calibre has been successful in confirming the continuity of the gold-silver vein system in a 200 metre long data gap between the areas of historic drill testing and the area newly identified by Calibre in the 2010 drill program. This resource delineation drill program also successfully added an additional 250 metres of confirmed strike length to the vein system northeast and southwest of the previously drilled areas, with gold-silver mineralization now confirmed over a strike length of 725 metres and to a depth of 299 metres.”

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