Golden Discovery: Calibre Mining Reports Extraordinary Drilling Results in the Limon Mine Complex
Eulerpool Research Systems •Jan 31, 2024
The Canadian mining company Calibre Mining Corp. recently announced significant achievements within their exploration program in the Panteon VTEM Gold Corridor of the Limon Mine Complex. The remarkable results include various high-grade gold discoveries, most notably an impressive 111.92 grams per tonne (g/t) of gold over a section of 4.1 meters. This result, obtained in drill hole LIM-23-4866, represents just one of many highlights of the current drilling program, substantially underpinning the potential of the complex for resource expansion.
The series of successful drillings also reports results such as 33.60 g/t gold over 2.6 meters, 36.07 g/t gold over 2.2 meters, and 9.38 g/t gold over a nearly 10-meter stretch, to name a few. The updates provide evidence of a continuous and substantial gold presence along the VTEM Gold Corridor and align with earlier discoveries that have already contributed to identifying the Panteon North deposit with over 240,000 ounces in reserves.
The mining community particularly emphasizes the diversity of the finds, which testify to impressive gold grades and significant thicknesses in different drill sections. Darren Hall, President and CEO of Calibre, emphasized the importance of these results for the ongoing operation and the company's expansion efforts. He highlighted that these results would be advantageous for future production and create new opportunities to utilize existing processing capacities.
Tom Gallo, Senior Vice President of Strategy and Growth, elaborated on the planning of further exploration steps intended to fully exploit the potential of the area. Special attention is being paid to the connection between the recent discoveries and Panteon North, as well as extensive step-out drilling towards the historical Santa Pancha project.
Calibre's methodical approach to their Quality Assurance and Control Program (QA/QC) is recognized by the industry and contributes to ensuring the reliability of the drilling results. The samples are analyzed by Bureau Veritas in Managua before being sent to Vancouver, Canada, for further examination.
Calibre Mining remains committed to creating sustainable value through a disciplined approach to growth and responsible operation, which benefits shareholders, local communities, and stakeholders alike.
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