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     254  0 Kommentare Calibre Mining Announces Additional Drilling Results From the Eastern Borosi Gold-Silver Project Including 6.73 Metres Grading 4.11 g/t Gold and 235.90 g/t Silver

    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 4, 2014) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") has released assay results for the fourth set of diamond drill holes from the on-going Phase 1 - 5,000 metre drilling program on the Eastern Borosi gold-silver project which is being financed under an option agreement with IAMGOLD Corporation ("IAMGOLD").

    Highlights

    • Partners IAMGOLD and Calibre Mining have now completed 32 drill holes for a total of 4011.7 metres of a planned 45 drill hole Phase 1 program and assay results have been received for the first 23 drill holes
    • Initial drilling on the Blag gold-silver vein system has intersected high grade silver zones including 6.73 metres grading 4.11 g/t Au and 235.90 g/t Ag (BL14-005) and 1.23 metres grading 0.29 g/t Au and 445.70 g/t Ag (BL14-004)
    • Follow-up drilling on the Guapinol and Vancouver gold-silver vein systems has now traced the vein structures over 1,120 metres and 765 metres respectively and assay results are pending for these additional drill holes

    President and CEO, Greg Smith stated: "Phase 1 drilling on the Eastern Borosi project has successfully intercepted high-grade gold and/or silver mineralization in the Guapinol, Vancouver and California and Blag vein systems. Drilling by Calibre and IAMGOLD at Blag has traced the vein system over approximately 250 metres and has confirmed the presence of high-grade silver in addition to gold mineralization."

    New Diamond Drill Results - Eastern Borosi Gold-Silver Project

    Hole ID Structure From (m) To (m) Length (m) Au (g/t) Ag (g/t)
    BL14-001 Blag 94.25 97.17 2.92 1.73 79.96
    BL14-002 Blag 85.30 86.28 0.76 1.85 21.70
    BL14-003 Blag 84.55 86.26 1.73 2.41 159.80
    BL14-004 Blag 129.30 130.53 1.23 0.29 445.70
    Blag 140.66 143.57 2.91 1.15 57.68
    BL14-005 Blag 80.50 86.87 6.37 4.11 235.90
    Notes; - Intervals are core lengths / true width are estimated to be 70-80% of lengths
    - Length weighted averages from uncut assays.

    Calibre and IAMGOLD entered into an option agreement dated May 26, 2014 whereby IAMGOLD can earn a 51% interest in the Eastern Borosi Gold-Silver Project consisting of 176 km2 within the Borosi Concessions, Northeast Nicaragua, by incurring US$5 million in exploration expenditures and making US$450,000 in payments to Calibre by May 26, 2017. The total potential investment by IAMGOLD to earn a 70% interest in the Eastern Borosi Project is US$10.9 million. The Eastern Borosi Project hosts gold-silver resources in two deposits and a series of well-defined low sulphidation epithermal gold-silver targets.

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    Verfasst von Marketwired
    Calibre Mining Announces Additional Drilling Results From the Eastern Borosi Gold-Silver Project Including 6.73 Metres Grading 4.11 g/t Gold and 235.90 g/t Silver VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 4, 2014) - Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") has released assay results for the fourth set of diamond drill holes from the on-going Phase 1 - 5,000 metre drilling …

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