Calibre Mining - CEO, Darren Hall
CEO, Darren Hall
Source: Calibre Mining
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Calibre Mining (CXB) is returning the latest exploration results from its Golden Eagle Project in Washington state
  • Initial results include one intercept of 4.3 grams of gold per tonne over 92.4 metres and 2.9 grams over 195.1 metres
  • The Vancouver-based company owns a 100-percent interest in the project in Washington’s Republic/Eureka Mining District
  • Calibre Mining is up 4.55 percent, trading at $1.15 at 11:02 a.m. EST

Calibre Mining (CXB) has reported the latest exploration results from its Golden Eagle Project in Washington state.

Initial results include one intercept of 4.3 grams of gold per tonne over 92.4 metres and 2.9 grams over 195.1 metres.

The Vancouver-based company owns a 100-percent interest in the project in Washington’s Republic/Eureka Mining District. The property is located 16 kilometres west of Kinross Gold’s Kettle River Mill.

Golden Eagle hosts a pit-constrained, Measured and Indicated resource of 2.02 million ounces at 1.4 grams per tonne of gold with an Inferred resource of 155,000 ounces at 0.9 grams per tonne.

“Today’s results from Golden Eagle reinforce the potential for this project to provide significant value to Calibre shareholders. The first phase of this drill program confirms a robust mineral system with consistent gold grades over broad widths. The Golden Eagle Project is a key asset within our United States operating platform, which includes the Pan mine and the Gold Rock and Illipah projects in Nevada. I look forward to results from the second phase of drilling as well as the commencement of a comprehensive metallurgical program to fully assess this strategic assets’ potential. Golden Eagle is a meaningful contributor to the Company’s overall mineral resource estimate with 2.0 million ounces in Measured and Indicated Mineral Resource, adding positively to our organic growth strategy,” said President and CEO Darren Hall.

The Golden Eagle Mineral Resource estimate is based on a drill hole dataset of 202 holes totalling 38,208 metres at a base cut-off grade of 0.48 grams per tonne.

Calibre Mining is up 4.55 percent, trading at $1.15 at 11:02 a.m. EST.


More From The Market Herald

" VRIC 2023: Canada’s largest mining conference returns amid commodity resurgence

Later this month, the Vancouver Resource Investment Conference (VRIC) will gather over 300 junior mining companies, over 100 expert speakers and over 5,000...

" Mining investors rejoice! VRIC 2023 fast approaches

Less than one week from today, the Vancouver Resource Investment Conference (VRIC) will showcase over 300 of the most prominent companies in the

" @ the Bell: Tech leads TSX comeback

It was another rocky day for Canada’s main stock index that ultimately ended up in the green thanks to a lead powered by
Geomega Resources - President & CEO, Kiril Mugerman

" Geomega Resources (TSXV:GMA) granted $3M for recycling demo plant

Geomega Resources (GMA) has been awarded a $3 million grant from the government of Quebec’s Technoclimat Program.