Since the beginning of 2021, Calibre has continued to progress development at Pavon Central, working closely with our environmental consultant and the ‘Centre for an Understanding with Nature’ in Nicaragua, to ensure quality engineering designs with minimal impact to the environment.
11.75 g/t Au over 3.9 metres ETW from 81.2 metres in hole PVS-21-014.Ĭalibre has identified the potential for resource expansion along strike and at depth at the Pavon vein system and at new vein targets within the overall 32km 2 land package, where two rigs are currently operating.3.04 g/t Au over 28.4 metres ETW from 26.2 metres in hole PVS-21-006 and.4.08 g/t Au over 2.3 metres ETW from 49.4 metres in hole PVS-21-002.11.56 g/t Au over 12.4 metres ETW from 37.6 metres in hole PVS-21-004.8.58 g/t Au over 4.0 metres ETW from 145.3 metres in hole PVC-21-081.4.46 g/t Au over 9.8 metres ETW from 94.6 metres in hole PVC-21-078 and.4.21 g/t Au over 6.5 metres ETW from 32.0 metres in hole PVC-21-062.5.08 g/t Au over 7.6 metres estimated true width (“ETW”) from 72.7 metres in hole PVC-21-046.See Calibre news release dated Mafor details on recent highlight drill results, including: Pavon Central hosts an average reserve grade of 6.49 g/t gold, notably higher than the average 3.28 g/t gold grade at Pavon Norte and is expected to contribute to the Company’s 20 production growth. Combined 2021 end-of-year mineral reserves for the Pavon Norte and Central open-pit mines total 165,000 ounces at an average gold grade of 5.07 g/t. Calibre is advancing development of Pavon Central with the objective to commence production in the first quarter of 2023. We will continue to work closely with regulatory authorities, local communities, and all stakeholders to ensure safe and responsible development and mining at Pavon Central.”ĭuring 2021 Calibre initiated mining at Pavon Norte, the first of three known gold deposits hosting mineral resources in the district. See news release dated or Libertad Technical Report available on or ).
We are excited to introduce Pavon Central into the development profile fueling grade driven production growth in 20 from the 6.49 g/t gold reserve. (“Calibre” or the “Company”) (TSX: CXB OTCQX: CXBMF) is pleased to announce that the Company has been granted the key environmental permit for development and production of the Pavon Central open-pit mine from the Ministry of the Environment and Natural Resources in Nicaragua.ĭarren Hall, Chief Executive Officer of Calibre, stated: “The approval of Pavon Central marks a significant milestone in the Company’s efforts to organically grow production, utilizing a portion of the installed excess capacity at our Libertad mill. VANCOUVER, British Columbia, J(GLOBE NEWSWIRE) - Calibre Mining Corp.
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