The Conversation (0)
Iamgold has given Calibre Mining Corp. (TSXV:CXB) the green light to drill the high-grade, epithermal gold-silver veins that swarm across the partners’ Eastern Borosi project, 275 km northeast of Managua, Nicaragua.
Iamgold has given Calibre Mining Corp. (TSXV:CXB) the green light to drill the high-grade, epithermal gold-silver veins that swarm across the partners’ Eastern Borosi project, 275 km northeast of Managua, Nicaragua.
As quoted in the article:
An upcoming US$1.5-million program will consist of 5,500 metres of drilling as a follow-up to 11,400 metres already completed since Iamgold entered into a joint venture with the Vancouver-based junior in May 2014. Among the high-priority targets are the Guapinol and Vancouver veins, where drilling last year returned 1.4 metres of 98.72 grams gold per tonne and 49.1 grams silver per tonne, and 12.9 metres grading 8.73 grams gold and 11.5 grams silver.
Calibre Mining President, CEO and Director, Greg Smith, stated:
The first year we had tens of kilometres of structures to work through, so we did big 100-metre step-outs along them, trying to define as many high-grade shoots as we could. And as you know, we’ve defined a number of those, so this year we’re going back to prove up the high-grade results. We have an advantage there because the veins average 12 to 15 metres wide, so it’s easier to build up tonnes and ounces.
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