The Conversation (0)
Calibre Mining (TSXV:CXB) announced the start of its 2015 Phase II drill program at the Eastern Borosi gold-silver project in Nicaragua. The project is being financed by IAMGOLD (TSX:IMG).
Calibre Mining (TSXV:CXB) announced the start of its 2015 Phase II drill program at the Eastern Borosi gold-silver project in Nicaragua. The project is being financed by IAMGOLD (TSX:IMG).
As quoted in the press release, highlights of the drill program include:
The 2015 Phase II Drilling program approved by partner IAMGOLD has begun and will consist of a minimum 5500 metres of drilling with a budget of $1.5 million.
Drilling will continue to test down plunge extensions to gold mineralized zones found in 2014 and include continued testing for new targets along previously undrilled veins within a portion of the potential tens of kilometres of vein structures on the Project.
The first new target to be drill tested in 2015 is the La Sorpresa gold-silver vein system located seven kilometres north of the California zone where previous surface select rock sampling has outlined high grade gold and silver mineralization including: 14.2 g/t Au and 274 g/t Au, 42.46 g/t Au and 340 g/t Ag and two rock grab samples that assayed 2,457 g/t Ag and 1,387 g/t Ag.
Calibre president and CEO, Greg Smith, said:
I believe 2015 will be another exciting year for Calibre as we continue to work with our partners to advance our high priority gold-silver targets. The current drilling program at the Eastern Borosi Project continues to target high grade gold-silver vein systems and will build on the success of the 2014 drilling. In addition, Calibre is advancing the Company’s 100% owned Montes de Oro gold project with a Phase I drilling program expected to begin in Q1/2015 once the current IP geophysical program is completed.
Click here to read the Calibre Mining (TSXV:CXB) press release