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10/14/14 - C$0.20
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calibre mining corp (CXB) Details

Calibre Mining Corp. engages in the acquisition, exploration, and development of gold and silver deposits in central America. It focuses on the Riscos de Oro gold-silver deposit, the Primavera gold-copper project, and the Rosita copper-gold-silver project, which are located in the Borosi Concessions, northeast Nicaragua. The company is headquartered in Vancouver, Canada.

calibre mining corp (CXB) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$193.3K
Chief Financial Officer
Total Annual Compensation: C$138.3K
Compensation as of Fiscal Year 2013.

calibre mining corp (CXB) Key Developments

Calibre Mining Announces Additional Drilling Results from the Eastern Borosi Gold-Silver Project, Nicaragua

Calibre Mining Corp. released the final assay results for the 2014 Phase I drilling program on the Eastern Borosi gold-silver project which is being financed under an option agreement with IAMGOLD Corporation. During 2014, Partners IAMGOLD and Calibre Mining completed 40 drill holes for a total of 5,505.98 metres which tested 5 gold-silver vein systems over a combined strike length of 3.0 km. The 2015 Phase II Drilling program has been approved by partner IAMGOLD and will consist of a minimum 5500 metres of drilling with a budget of $1.5 million. Drilling is expected to begin in first quarter of 2015 and will continue to test down plunge extensions to mineralized shoots found in 2014 and include continued testing for new shoots along previously undrilled veins within a portion of the potential tens of kilometres of vein structures on the Project. New high grade results from Guapinol gold-silver vein system include 5.07 metres grading 13.44 g/t Au and 14.49 g/t Ag, 2.76 metres grading 26.48 g/t Au and 24.19 g/t Ag and 1.9 metres grading 14.49 g/t Au and 8.88 g/t Ag. Step-out drilling at the Riscos de Oro Extension located 500 metres along trend from the Riscos de Oro gold-silver deposit intersected 1.6 metres grading 4.42 g/t Au and 402.3 g/t Ag and 1.04 metres grading 2.35 g/t Au and 77.2 g/t Ag. New results from Vancouver gold-silver vein system include 0.65 metres grading 10.80 g/t Au and 5.60 g/t Ag. Drilling has been successful in extending the high grade gold/silver mineralization in both the Guapinol and Vancouver gold-silver vein systems a further 50 metres down dip to a vertical depth of 200 metres and confirms the continuity of the previously defined high grade portions of these vein systems. The Guapinol and Vancouver gold-silver vein systems have been traced by drilling along trend for 620 metres and 420 metres respectively and both systems are open to depth and along strike. The 2014 Drilling program was successful in identifying high grade zones on each of the structures tested including the adjacent Guapinol and Vancouver gold-silver vein systems, California Vein, Blag Vein, and the Riscos de Oro extension.

Calibre Mining Corp. Announces Exploration Results of Montes De Oro Gold Project and Results of Additional Gold Targets Within the Siuna District, Nicaragua

Calibre Mining Corp. announced results from the current phase of exploration activities on the 100% owned, high-grade Montes de Oro Gold Project, and additional gold targets within the Siuna District, Nicaragua. The highlights includes: Three additional trenches were completed in the northern half of the 400 metre by 600 metre gold in soil anomaly on the Montes de Oro Project; Step-out trench MTR14-030 located 300 metres north of trench MTR13-009 (52.3 metres grading 7.07 g/t Au) intersected 8.45 metres grading 3.42 g/t Au and 11.34 g/t Ag, Additional trenching is planned to further extend and define gold mineralization at the Montes de Oro Gold Project; A 25 line kilometre ground magnetic survey was completed in fourth quarter of 2014; An Induced Polarization (IP) Survey consisting of five lines each 1.2 kilometres in length is underway and will be completed in January 2015; and Sampling and Geological Mapping has been commenced on a series of targets which have similar geological and geochemical features to Monte de Oro. The Montes de Oro target is a 400 metre by 650 metre gold (and multi-element) in soil anomaly which has been successfully tested by trenching with results including 52.3 metres grading 7.1 g/t Au, 27.5 metres grading 4.92 g/t Au and 33.5 metres grading 2.10 g/t Au. Work to date at Montes de Oro has defined two high-grade, sub-parallel gold mineralized zones: one 250 metres long and one 500 metres long. Both zones are open for expansion. Trench MTR14-030, located 300 metres north of trench MTR13-009 which intersected 52.3 m grading 7.07 g/t Au, exposed silicified and argillic altered diorite with variable quartz veining averaging 8.45 metres grading 3.42 g/t Au and 11.34 g/t Ag. The gold and silver values are associated with elevated levels of zinc, lead, arsenic, iron, and copper. Trench MTR14-031 was completed 250 metres north-east of trench MTR14-030 and intersected low grade halo mineralization including 6.70 metres grading 0.11 g/t Au - an extension to this trench is planned. Trench MTR14-032 was completed 300 metres north of trench MTR14-031 and sampling returned 2.00 metres grading 2.63 g/t Au.

Calibre Mining Corp. Appoints Julie Lassonde as Director

Calibre Mining Corp. announced the appointment of Ms. Julie Lassonde as a Director of the Company effective immediately. Lassonde has over 17 years of experience in a variety of financial, advisory, and engineering roles. She has spent the past 10 years in a variety of senior roles in the junior mining sector focused on gold, diamonds and base metals. Julie's significant business, financial and junior mining experience will provide a meaningful enhancement to Board.


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