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Calibre Makes a New Discovery Along the VTEM Gold Corridor at the Limon Mine; Drilling at the Past Producing Talavera Mine Hits Additional High-Grades; Drilling Intercepts Include 13.26 g/t Gold Over 4.9 Metres and 4.92 g/t Gold Over 10.3 Metres
Calibre Mining Corp.
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Calibre Mining Corp.
Calibre Mining Corp.

VANCOUVER, British Columbia, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to announce drill results from the Company’s 2024 exploration program within the Limon Mine Complex (“Limon”), in Nicaragua, including a new discovery, San Jose, situated approximately 2.5km north of the high-grade Panteon Norte deposit along the VTEM Gold Corridor. Four diamond drills are currently active in the VTEM Gold Corridor tracing mineralization to depth and along strike.

Gold highlights from the new San Jose discovery include:

  • 13.26 g/t Au over 4.9 metres including 33.50 g/t Au over 1.2 metres in Hole LM-24-4966;

  • 4.92 g/t Au over 10.3 metres including 9.79 g/t Au over 4.9 metres in Hole LM-24-4938; and

  • 5.86 g/t Au over 4.7 metres and 4.50 g/t Au over 5.3 metres in Hole LM-24-4946.

Gold highlights from the past producing underground Talavera gold zone include:

2024 Talavera drill results:

  • 6.38 g/t Au over 10.5 metres in Hole LIM-24-4943;

  • 14.55 g/t Au over 1.0 metres and 23.60 g/t Au over 1.2 metres in Hole LIM-24-4962; and

  • 19.95 g/t Au over 0.4 metres and 38.87 g/t Au over 1.2 metres in Hole LIM-24-4953.

2023 Talavera drill results (see News Release dated May 17, 2023):

  • 10.22 g/t Au over 4.2 metres including 15.25 g/t Au over 2.0 metres; 15.46 g/t Au over 6.7 metres including 18.09 g/t Au over 5.7 metres; 10.58 g/t Au over 7.9 metres including 15.18 g/t Au over 2.9 metres in Hole LIM-22-4688;

  • 3.89 g/t Au over 2.5 metres including 5.85 g/t Au over 1.5 metres; 4.45 g/t Au over 20.9 metres including 8.09 g/t Au over 5.4 metres; 6.69 g/t Au over 3.5 metres; 9.31 g/t Au over 3.1 metres in Hole LIM-22-4677;

  • 3.92 g/t Au over 3.6 metres in Hole LIM-22-4673; and

  • 4.10 g/t Au over 4.2 metres in Hole LIM-22-4721.

Gold highlights from the 2024 Limon exploration program include:

  • 8.98 g/t Au over 3.3 metres Estimated True Width (“ETW”) in Hole LIM-24-4890;

  • 19.81 g/t Au over 3.8 metres ETW in Hole LIM-24-4945;

  • 16.52 g/t Au over 1.3 metres ETW in Hole LIM-24-4895;

  • 29.90 g/t Au over 0.3 metres ETW in Hole LIM-24-4917;

  • 5.29 g/t Au over 1.4 metres ETW in Hole LIM-24-4933;

  • 6.10 g/t Au over 5.0 metres ETW in Hole LIM-24-4939; and

  • 8.79 g/t Au over 2.8 metres ETW in Hole LIM-24-4937.

Note: Highlights from the San Jose new discovery are reported as core length and are approximately 70-90% of true width, though more drilling is required for a reliable estimate. Estimated True Widths reported for El Limon vein intercepts are based on 3D models of individual veins. Estimates are determined in cross-section by measuring the modelled vein thickness perpendicular to the vein margins and through the midpoint of the drill hole intercept. Percentage-based differences between individual ETWs and down-hole interval lengths will vary between drill holes depending on drill hole inclination, variations in vein strike and dip, and overall geometries of the different vein systems.

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