Calibre Mining Announces 6.5 Metres Grading 16.9 g/t Gold at Eastern Borosi

Calibre Mining (TSXV:CXB) announced it had received assay results from its second set of six diamond drill holes from its phase 1 drilling program on Eastern Borosi gold-silver project. The project is being funded under an option agreement with IAMGOLD Corporation.

According to the press release, highlights include:

• The Phase I Drilling Program has completed 22 of a planned 30 diamond drill holes and assay results have been received for the first 12 drill holes
• New high grade gold drill intercepts include; 6.50 metres grading 16.88 g/t Au and 20.95 g/t Ag, including 1.82 metres grading 45.79 g/t Au and 32.39 g/t Ag (Drill Hole GP14-010)
• The first 9 drill holes tested the Guapinol gold-silver vein system over a strike length of 670 metres and to a depth of 100 metres with the next 3 drill holes targeting the adjacent Vancouver gold-silver vein system over a strike length of 200 metres and to a depth of 80 metres. Mineralization remains open down plunge from the reported intercepts and potential exists for additional mineralized zones along the strike of both structures.

Greg Smith, president and CEO, said

This second set of results for the on-going Eastern Borosi Project drilling program includes a second high grade gold discovery which was intersected in the first ever drill hole on the Vancouver gold-silver vein system located 250 metres south-east of the high grade gold discovery on the Guapinol structure. All drill holes completed to date continue to intersect the targeted mineralized structures. The drilling program continues to progress on schedule and on budget and additional assay results will be released when available

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