Calibre Mining and B2Gold Set to Start Diamond Drilling Program At Minnesota Project in Nicaragua

Calibre Mining (TSXV:CXB) announced that trenching on the northern area of its Minnesota gold project (within the B2Gold joint venture on the Borosi concessions in Nicaragua) intersected 93.5 meters grading 1.65 grams per tonne of gold. The company also announced it has started Phase 1 of diamond drilling on the Minnesota gold project, with drilling starting at the end of October.

According to the press release, highlights of the trenching include:

• On the Minnesota Gold Project soil, rock, channel, trench and auger sampling has defined a surface gold anomaly more than three kilometres in length
• Recent trenching on the northern area of the Minnesota gold target intersected 93.5 metres grading 1.65 g/t gold in an altered intrusive and the zone is open in both directions.
• Previous sampling in the central area of the Minnesota gold target returned channel samples including 8.0 metres grading 6.35 g/t gold and 9.2 metres grading 4.17 g/t gold open in both directions
• The Phase 1 Drilling Program will commence at the end of October, 2014 and will include an estimated 1500 metres of diamond drilling in 10 to 12 drill holes

Greg Smith, President and CEO of Calibre, said:

The Minnesota gold project has been methodically advanced over the past 18 months through detailed geological mapping, rock, auger and soil sampling and by trenching. We are very pleased that our joint venture partner B2Gold has decided to initiate a Phase 1 diamond drilling program to test this 3 km long intrusive hosted gold system.

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