- Calibre Mining Corp. (CXB) discovered new gold from the 2022 discovery and resource expansion drill program at its Pan Mine in Nevada
- The initial results at the new Coyote target found trace amounts of gold
- This target was three kilometres south of the Pan open pit mine
- The drill program also found trace amounts of gold at the North Dynamite, Syncline, Orpiment Alley, and Benji targets
- This year 28,000 metres will be drilled at Pan on the new targets and the expansion of known resources
- Calibre Mining Corp. (CXB) is down 3.77 per cent, trading at $1.02 per share as of 1:36 p.m. EST
Calibre Mining Corp. (CXB) reported new gold from the 2022 discovery and resource expansion drill program at its Pan Mine in Nevada.
The initial results at the new Coyote target found trace amounts of gold mineralization approximately three kilometres southwest of the Pan open pit mine. The target had never been drilled before and is open for expansion drilling.
Darren Hall, President and CEO of Calibre Mining, stated,
“The initial drill results located outside the Pan operating area are encouraging… Additional gold targets have been identified along a five-kilometre trend south of the resource area and centred on the new Coyote discovery.”
Highlights from the Pan resource expansion and conversion program within the open pit operation also included assays from the North Dynamite, Syncline, Orpiment Alley, and Benji targets. Traces amounts of gold were found at all the targets, which extended mineralization.
During this year, Calibre Mining will begin a 38,400-metre drill program in Nevada, including 28,000 metres at Pan on new targets and the expansion of known resources. These new targets will focus on discovery drilling within the mineral concessions at Pan and Gold Rock.
Calibre Mining Corp. (CXB) is down 3.77 per cent, trading at $1.02 per share as of 1:36 p.m. EST.
