Calibre Expands High-Grade Gold-Silver System at Eastern Borosi Project in Nicaragua

Calibre Mining Corp. (TSXV:CXB) announced the second set of results from the 2015 drill program at its Eastern Borosi gold-silver project in Nicaragua, which expanded the high-grade zone and intersected mineralization including 9.92 meters grading 5.36 g/t gold and 194.6 g/t silver. The project is being financed under an option agreement with IAMGOLD Corporation (TSX:IMG,NYSE:IAG).

Highlights from the results:

• Diamond drilling on the Blag gold-silver vein system continues to intersect high grade gold and silver mineralization including: 9.92 meters grading 5.36 g/t gold and 194.6 g/t silver, 5.85 meters grading 5.97 g/t gold and 56.1 g/t silver, 4.04 meters grading 1.79 g/t gold and 77.2 g/t silver, and 1.91 meters grading 5.36 g/t gold and 127.8 g/t silver
• To date the 2015 drilling program has completed; 16 holes for 1622.6 meters at La Sorpresa (see Calibre News Release dated April 4, 2014), seven holes totaling 1,037.9 meters at Blag (results included here for the first four of seven drill holes), and one hole at Guapinol for 355.1 meters (results pending).
• The Blag gold-silver vein system is located three kilometers east of the Guapinol – La Sorpresa Trend and drilling of five holes in 2014 was successful in outlining high grade gold-silver mineralization including; 6.73 meters at 4.11 g/t gold and 235.9 g/t silver.

Greg Smith, president and CEO of Calibre Mining, commented:

We are very pleased that drilling on the Blag gold-silver vein system has returned the longest, highest grade gold-silver intercept returned to date from Blag in the 2014/2015 drilling programs. The 2015 drilling program has discovered additional high grade gold and silver mineralization and has now identified multiple veins within the Blag System. Drill hole BL15-009 (9.92 metres grading 5.36 g/t gold and 194.6 g/t silver) was a 100 metre step out down dip and we are encouraged with the continued high grades for both gold and silver encountered within the main structure.

Click here to read the full Calibre Mining Corp. (TSXV:CXB) press release.