The Conversation (0)
Aug. 24, 2011 08:59AM PST
Calibre Mining Corp. (CVE:CXB) reports that it has began a planned 6,000 metre diamond drill program at its Riscos de Oro epithermal gold-silver vein stockwork system, Nicaragua.
The press release is quoted saying:
Calibre has previously completed two drilling programs at the Riscos de Oro project totalling 4,600 metres, which successfully delineated high-grade gold and silver mineralization over a strike length of 600 metres and to a depth of 300 metres. Highlights from the previous drill programs include hole RD10-009 which intersected 4.23 g/t gold and 384.86 g/t silver over 8.53 metres; hole RD11-010 intersected 10.25 g/t gold and 288.25 g/t silver over 5.40 metres; and hole RD11-012 that intersected 7.69 g/t gold and 211.87 g/t silver over 10.60 metres.
Calibre’s President and CEO, Edward Farrauto says:
“We are pleased to initiate an extensive resource delineation drill program at our 100% owned Riscos de Oro gold-silver deposit. This impressive, high grade gold-silver system is open for expansion in all directions. On completion of the current drill campaign Calibre intends to complete the first NI 43-101 resource estimate for the Riscos de Oro deposit.”
Click here to access the entire news release.
Click here to access Calibre’s company profile.(TSXV:CXB)