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Calibre Mining Announces Results for Phase 1 Drilling at the 100% Owned Monte Carmelo Gold Project, Nicaragua
Apr. 28, 2017 08:33AM PST
Precious Metals Investing
Calibre Mining Corp. (TSX VENTURE:CXB) (the “Company” or “Calibre”) announces results on the Company’s 100% owned Monte Carmelo Gold Project (the “Project”) located within the 876 km2 Borosi Concessions, Northeast Nicaragua. As quoted in the press release: President and CEO Greg Smith stated: “Calibre continues to aggressively advance the Company’s 100% owned gold projects in …
Calibre Mining Corp. (TSX VENTURE:CXB) (the “Company” or “Calibre”) announces results on the Company’s 100% owned Monte Carmelo Gold Project (the “Project”) located within the 876 km2 Borosi Concessions, Northeast Nicaragua.
As quoted in the press release:
President and CEO Greg Smith stated: “Calibre continues to aggressively advance the Company’s 100% owned gold projects in the Borosi District. The Phase 1 drilling at Monte Carmelo tested one of several targets within the Project which hosts additional potential for high grade gold skarn mineralization. This initial eight hole drill program intersected the targeted gold-silver-copper-iron skarn mineralization but we have yet to find the source for the high grade gold samples from the surface and auger drilling work. The Monte Carmelo diamond drill rig has now been moved to the 100% owned Santa Maria gold-silver project to initiate a minimum 2,500 m drill program.”
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