Calibre Mining and Centerra Gold Commence Drilling at the Siuna Project, Nicaragua
Calibre Mining (TSX-V: CXB) and Centerra Gold have commenced diamond drilling on the Siuna Project in Northeast Nicaragua. According to the press release: Centerra can earn a 70% interest in the 253 km2 Project area by investing a total of $9.0 million in exploration on the property before December 31, 2020. Drilling has commenced on a …
Calibre Mining (TSX-V: CXB) and Centerra Gold have commenced diamond drilling on the Siuna Project in Northeast Nicaragua.
According to the press release:
Centerra can earn a 70% interest in the 253 km2 Project area by investing a total of $9.0 million in exploration on the property before December 31, 2020.
Drilling has commenced on a 1,800 metre diamond drilling program which will test high priority gold targets recently discovered along the Cerro Coyol – El Tiburon Trend and west of Cerro Aeropuerto deposit
Soil sampling, geological mapping and trenching completed on the 3.8 kilometre long Cerro Coyol – El Tiburon Trend and in the Huracan area west of Cerro Aeropuerto has defined a number of high priority gold targets to be tested by the current diamond drill program
Exploration continues on the Northern Suina area where work is consisting of geological mapping, geochemical sampling, and geophysical surveys designed to further define a number of existing gold anomalies
President and CEO, Greg Smith stated: “The current drilling program will test a series of previously un-drilled, high priority gold targets which have been defined by geological mapping, soil sampling and trenching completed over the last year. These well-defined gold targets in a historic mining camp represent an excellent opportunity for discovery.”