Calibre Mining Corp. (TSX: CXB) has obtained high-grade results from step-out drilling along the Panteon North/VTEM geophysical corridor within the Limon Mine Complex in Nicaragua.
These new intercepts are from drilling designed to test the multi-kilometre long structure identified by our 2022 VTEM geophysical survey first released on June 27, 2022.
The results are located approximately 2.5 km north of Panteon North which has had numerous bonanza grade gold intercepts to date as evidenced in our most recent press release here.
Panteon North is expected to contribute positively to the company’s 2022 Resource and Reserve statement expected in Q1, 2023.
Initial Drilling Results along the Panteon/VTEM Corridor include:
- 11.61 g/t Au over 9.3 metres Estimated True Width (“ETW”) including 23.93 g/t Au over 1.7 metres ETW, and 15.34 g/t Au over 3.9 metres ETW in Hole LIM-22-4701;
- 6.73 g/t Au over 2.1 metres ETW in Hole LIM-22-4689;
- 3.67 g/t Au over 2.6 metres ETW including 11.10 g/t Au over 0.7 metres ETW in Hole LIM-22-4684.
“Our 2022 drilling campaign has been very successful, with the discovery of the high-grade Panteon North gold shoot which hosts numerous bonanza grade gold intercepts over hundreds of metres of strike length,” President and CEO, Darren Hall, said.
“First pass, wide spaced drilling approximately 2.5 kilometres north of Panteon North along the VTEM geophysical corridor has now discovered another new high-grade gold zone which stretches over an initial 1.5-kilometre trend.
The VTEM survey, first released on June 27, 2022 has proven to be an excellent tool for targeting zones of high-grade gold mineralization along multiple km of strike from Panteon North. Discovery drilling is underway with four diamond drill rigs along the corridor.”
For further information please visit: https://www.calibremining.com/
