Exploring the rich veins: Calibre Mining strikes high grade gold & silver in multiple zones at Eastern Borosi, Nicaragua

In the latest exploration efforts at the Eastern Borosi Mine Complex, Calibre Mining has made significant breakthroughs, uncovering rich veins of high-grade gold and silver across various target areas.

Calibre Mining announces the drill results stemming from its 2023 resource conversion and expansion initiative, conducted within the expansive 176 square kilometer Eastern Borosi Mine Complex situated in northeastern Nicaragua. This complex is strategically positioned adjacent to Calibre's extensive 100%-owned Atlantic Mineral Concession package, spanning an impressive 7,281 square kilometers.

In the latest exploration efforts at the Eastern Borosi Mine Complex, Calibre Mining has made significant breakthroughs, uncovering rich veins of high-grade gold and silver across various target areas. Key drilling intercepts showcase exceptional mineralization, including a notable 10.81 grams per tonne of gold over 3.4 meters, 9.64 grams per tonne of gold over 3.3 meters, and an astonishing 1,431.6 grams per tonne of silver over 2.9 meters. These findings underscore the prospectivity and potential of the region, hinting at promising opportunities for further exploration and development.

Darren Hall, President and Chief Executive Officer of Calibre, emphasized the significance of the latest drill results at Eastern Borosi, highlighting the potential for both discovery and resource expansion within the expansive 176 square kilometer Eastern Borosi land package. He underscored the remarkable silver grades uncovered, pointing to the opportunity to unlock additional value in the future. Hall note, a significant milestone achieved during the second quarter of 2023 with the commencement of mining from the high-grade Guapinol open pit, as detailed in a previous news release dated April 18, 2023. These recent high-grade results, in conjunction with the established Mineral Resource base at Eastern Borosi and the potential for extending the mine life at the Guapinol operation, affirm the considerable mineral wealth of the district. Moreover, Hall highlighted the early-stage but high potential nature of the 7,281 square kilometer Atlantic Mineral Concessions, presenting opportunities for the discovery of both epithermal gold-silver and porphyry copper-gold mineral systems.

About Calibre

Calibre, a Canadian-listed company, has its sights set on the Americas, positioning itself as a rapidly expanding mid-tier gold producer. With a robust portfolio of development and exploration prospects spanning Newfoundland & Labrador in Canada, Nevada and Washington in the USA, and Nicaragua, Calibre is primed for growth. The company is committed to fostering sustainable value for its shareholders, local communities, and all stakeholders, guided by responsible operations and a disciplined growth strategy. Bolstered by a solid balance sheet, an experienced management team, steady operating cash flow, value-enhancing development projects, and extensive exploration opportunities on a district scale, Calibre is poised to unleash substantial value.