Tuesday, September 3, 2024
9:13 AM EST – Calibre Mining Corp. : Announced partial ore control reverse circulation infill drill results from the Marathon Pit, one of three open pits comprising the Valentine Gold Mine in Newfoundland & Labrador, Canada. The current 14-year life of mine plan, which includes the Leprechaun, Berry and Marathon open pits, hosts 2022 Mineral Reserves of 51.6 million tonnes grading 1.62 g/t gold containing 2.7 million ounces. At the Marathon pit, the Company drilled 196 RC holes totaling 4,915 metres in three benches slated for mining in 2025. When comparing approximately the same tonnage to the 2022 Mineral Reserve model over three planned mining benches, the Ore Control Block model yields significantly more gold than the 2022 Mineral Reserve model due to 47% higher grades. These results coupled with the Leprechaun ore control results (see news release dated February 14, 2024 ) substantiate the 2022 Mineral Reserve and increase confidence. Calibre Mining Corp. (T.CXB) shares were off 3 cents at 2.28.
Stocks in Play: Calibre Mining Corp., Tue, 03 Sep 2024 09:27:06 EST