Calibre Mining Announces Start of Diamond Drilling Program at Montes de Oro Project in Nicaragua

Calibre Mining Corp. (TSXV:CXB) announced the start of its Phase 1 diamond drilling program at Montes de Oro Gold project in Nicaragua, which will consist of 2,000 meters in 8 to 10 drill holes.

Highlights of the program include:

• The Phase I drilling program will consist of 2000 meters in 8 – 10 drill holes designed to test two sub-parallel gold mineralized structures defined by surface exploration including trenching results of 52.3 meters grading 7.1 g/t gold, 27.5 meters grading 4.92 g/t gold and 33.5 meters grading 2.10 g/t gold
• At Montes de Oro work continues to define and expand the existing 1,400 meter x 500 meter surface gold-in-soil anomaly. Additional trenching is underway focused on the southern extension of the gold zone
• Exploration continues on a number of additional high priority, 100% Calibre-owned grass roots gold targets within the Siuna District including; San Miguel, Roskilete, and Cerro Aza.

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

It is exciting to be starting our initial drilling program on the Montes de Oro Gold Project. We have completed extensive exploration over the last two years which has defined this high priority drill target. The 8 to 10 drill hole, 2000 meter, program will test each of the two defined gold mineralized structures over approximately 500 meters of strike length within the core of the surface gold anomaly.

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