Calibre Mining (TSXV:CXB) reported its third set of results from the 2015 drilling program on the Eastern Borosi gold-silver project in Nicaragua. On the Blag gold-silver vein system, Calibre Mining intersected 2.60 metres grading 9.01 g/t gold and 949.1 g/t silver and 2.05 metres grading 5.18 g/t gold and 1,026.0 g/t silver.
Calibre Mining (TSXV:CXB) reported its third set of results from the 2015 drilling program on the Eastern Borosi gold-silver project in Nicaragua. On the Blag gold-silver vein system, Calibre Mining intersected 2.60 metres grading 9.01 g/t gold and 949.1 g/t silver and 2.05 metres grading 5.18 g/t gold and 1,026.0 g/t silver. The 2015 drill program has completed 16 holes at La Sorpresa, 7 holes at Blag, and 3 holes at Guapinol (results pending).
- Diamond drilling on the Blag gold-silver vein system has further extended the high grade gold and silver mineralization including: 2.05 metres grading 5.18 g/t Gold and 1,026.0 g/t Silver (BL15-010), and 2.60 metres grading 9.01 g/t Gold and 949.1 g/t Silver (BL15-011)
- To date the 2015 drilling program has completed; 16 holes for 1,622.6 metres at La Sorpresa (see Calibre News Release dated April 4, 2014), seven holes totaling 1,037.9 metres at Blag (results included here for the last three of seven drill holes), and three holes at Guapinol for 1,031.7 metres (results pending).
- Drilling in 2014-2015 on the Blag gold-silver vein system has tested approximately 300 metres of vein strike length and more than 100 metres at depth. The Blag precious metal vein system is only one of six separate gold-silver vein systems that are being delineated during the 2014-2015 drill program on the Eastern Borosi project including: Guapinol, Vancouver, California, Riscos de Oro Extension, La Sorpresa and Blag.
… Results for Holes BL15-010 to BL15-012 extend the drill tested gold-silver mineralization at Blag a further 100 metres to the south of previous drilling. All of the drill holes completed in the southern half of the drill tested portion of the Blag gold-silver vein system (Holes BL14-005, BL15-006, BL15-009, BL15-010, and BL15-011) are beginning to define a high grade shoot with dimensions of 150 metres along strike and to a depth of approximately 110 metres, the high grade mineralization is open to depth and to the south. Drilling to date on the Blag gold-silver vein system has tested approximately 300 metres of strike length and to depths of up to >100 metres below surface in the vicinity of the historic small scale underground workings. The zone remains open along strike and down dip.
The 2015 program approved by partner IAMGOLD began on February 4th and is expected to consist of a minimum 5,500 metres of drilling with an approved budget of $1.5 million. Drilling continues on the Eastern Borosi Project and is currently testing the Guapinol gold-silver zone.
Low sulphidation epithermal gold-silver mineralization intersected at the Eastern Borosi Project gold-silver vein systems are hosted within porphyritic andesite and consists of structurally controlled, high energy quartz-carbonate vein breccias, vein-stockworks and discrete smokey quartz veins containing fine grained sulphide minerals.
Calibre Mining President and CEO, Greg Smith, said:
The latest drilling on the Blag gold-silver vein system has returned the highest grade silver intercepts to date from the 2014/2015 drilling programs. The 2015 drilling program has discovered additional high grade gold and silver mineralization and has now defined a continuous high grade gold-silver shoot within the Blag System.