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     406  0 Kommentare Calibre Mining and B2Gold to Start Diamond Drilling Program at the Minnesota Gold Project, Borosi Concessions, Nicaragua

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 20, 2014) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") is pleased to announce additional trenching results and the start of Phase 1 diamond drilling on the Minnesota Gold Project within the B2Gold Corp. ("B2Gold") (TSX:BTO)(NYSE MKT:BTG) Joint Venture on the Borosi concessions, northeast Nicaragua. Calibre controls a 49.0% interest in the joint venture and B2Gold has a 51.0% interest and is project operator. B2Gold has the right to earn an additional 19.0% in the Borosi concessions joint venture by spending $6.0 million in additional project expenditures over three years.

    Highlights

    • 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 stated: "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."

    The Minnesota gold target consists of intrusive hosted gold system within a structurally prepared area with widespread alteration. The surface anomaly has been defined by soil, rock, channel, trench and auger sampling and extends more than three kilometres in length. Previous rock sampling has highlighted three areas along the trend;

    1) The southern area where channel samples returned; 12.80 metres grading 1.27 g/t Au (BRTR11-057), 6.00 metres grading 2.12 g/t Au (BRTR11-054), and 4.65 metres grading 1.51 g/t Au (BRTR11-053). with each of the three trenches open in both directions.
    2) The central area (one kilometre to the north-east of the southern area) where channel samples returned; 6.40 metres grading 5.56 g/t Au (BRTR11-044), 8.00 metres grading 6.35 g/t Au (BRTR11-047), 9.20 metres grading 4.17 g/t Au (MNTR13-02), 7.5 metres grading 3.93 g/t Au (MNTR13-01), and 7.0 metres grading 1.45 g/t Au (MNTR13-03), with all of these channels and trenches open in both directions.
    3) The northern area (one kilometre to the north-east of the central area) which has been the focus of the recent trenching with results including 93.5m grading 1.65 g/t Au.

    The Phase 1 diamond drilling program will consist of a minimum of 1500 metres in an estimated 10 to 12 diamond drill holes. Drilling will test each of the three highly anomalous areas over the three kilometre length of the Minnesota gold target area.

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    Verfasst von Marketwired
    Calibre Mining and B2Gold to Start Diamond Drilling Program at the Minnesota Gold Project, Borosi Concessions, Nicaragua VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 20, 2014) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") is pleased to announce additional trenching results and the start of Phase 1 diamond drilling on the Minnesota Gold …

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