- Calibre Mining Corp. (CXB) has been granted environmental permits to develop the open pit and underground mines within the Eastern Borosi Project from the Nicaraguan authorities
- Calibre is advancing the high-grade Eastern Borosi Project open pit and underground satellite deposits expected to be in production during 2023, feeding into the company’s Libertad processing facility
- The project is a large 176 km2 land package with numerous low sulphidation gold-silver vein targets and strong potential for the discovery of new zones and expanded resources
- Calibre Mining (CXB) opened trading at $0.68 per share
Calibre Mining (CXB) has received environmental permits to develop the open pit and underground mines within the Eastern Borosi Project.
Calibre is advancing the high-grade Eastern Borosi Project open pit and underground satellite deposits expected to be in production during 2023, feeding into the company’s Libertad processing facility.
The project is a large 176 km2 land package with numerous low sulphidation gold-silver vein targets and strong potential for the discovery of new zones and expanded resources.
Calibre’s President and CEO, Darren Hall, explained that approval of the Borosi permits marks another significant milestone in the company’s efforts to organically grow gold production.
“The permits were obtained three months ahead of schedule thanks to a positive community engagement process and successful public consultation. This success will allow Calibre to develop EBP and contribute to the improvement of the quality of life of host communities in the Atlantic Region of Nicaragua. With open pit reserves at EBP grading 6.8 g/t Au in combination with the high grade 6.5 g/t Au reserves at Pavon Central, we remain on track for grade-driven production increase in 2023.”
The company also received environmental approval to begin drilling on the La Fortuna concession 50 km southwest of the Libertad mill facility.
The company has signed a two-year contract with the Comercializadora de Energía para América, ensuring that 100 per cent of the power purchased for the Nicaraguan operations is certified clean energy. The agreement represents roughly 30 per cent of its total emissions within the country. By purchasing clean energy rather than non-renewable power, as of 2022, Calibre will have zero Scope 2 CO2e emissions in Nicaragua.
Calibre Mining Corp. (CXB) is a multi-asset gold producer with a portfolio of exploration and development opportunities in Nicaragua. Its project includes Pavon Gold Project, Borosi Gold Project, IamGold and Santa Rita. The company has only one revenue stream, being the sale of refined gold from its operations in Nicaragua.
Calibre Mining (CXB) opened trading at $0.68 per share.
