Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Calibre Mining (CXB) is reporting additional high-grade drill results from the Panteon North zone within its Limon Mine Complex
  • The project is located in Nicaragua
  • The Vancouver mineral explorer is in the midst of an 85,000-metre resource expansion and discovery drilling program
  • High-grade mineralization in the main gold shoot will lead to a maiden resource in the first quarter of 2023
  • Calibre Mining is up 2.3 percent, trading at $0.89 at 11:35 am ET

Calibre Mining (CXB) reported additional high-grade drill results from the Panteon North zone within its Limon Mine Complex.

The project is located in Nicaragua.

The Vancouver mineral explorer is in the midst of an 85,000-metre resource expansion and discovery drilling program.

Several holes in the Panteon/VTEM geophysical corridor step-out drilling are designed to test the structure identified in June.

High-grade mineralization in the main gold shoot will lead to a maiden resource in the first quarter of 2023.

Recent results include one hole returning 13.14 grams of gold per tonne over 8.4 metres.

Samples are shipped to an analytical facility in Vancouver.

“I continue to be very encouraged by the drill program at Panteon North. Since the discovery was announced on May 16, we have been able to continue to identify bonanza grade mineralization along what is now a well-defined gold shoot spanning 400 metres along strike and over 200 metres down-dip,” said President and Chief Executive Officer Darren Hall.

Calibre Mining is up 2.3 percent, trading at $0.89 at 11:35 am ET.


More From The Market Herald
Parkview Project in New World Island, Newfoundland

" Lithium One (TSXV:LONE) expands land position in Northwest Ontario

Lithium One Metals (LONE) has signed an agreement to acquire an additional lithium property.

" Candente Copper (TSX:DNT) Closes Private Placement With Fortescue Metals

Candente Copper (DNT) closes the previously announced private placement with Nascent Exploration Fortescue Metals Group, raising $4,000,000.

" LithiumBank (TSXV:LBNK) to develop Boardwalk and Park Place lithium brine projects

LithiumBank Resources (LBNK) has released key milestones for its Boardwalk and Park Place lithium projects.

" Medaro Mining (CSE:MEDA) identifies lithium pegmatites at the CYR South Property

Medaro (MEDA) released soil and rock samples from 2022 exploration on the CYR South Lithium Property.