Calibre repeats old news about B2Gold, Alder JVs

2013-10-17 09:23 ET - News Release

See News Release (C-CXB) Calibre Mining Corp

Mr. Greg Smith of Calibre Mining reports

CALIBRE AND JOINT VENTURE PARTNERS CONTINUE ADVANCING GOLD-SILVER-COPPER PROJECTS ON THE BOROSI CONCESSIONS, NORTHEAST NICARAGUA

Calibre Mining Corp. has provided an update on the company's 100-per-cent-owned gold-silver projects and gold-copper projects under joint venture with B2Gold Corp. and Alder Resources Ltd. Calibre's Borosi concessions are located in the historic mining triangle of northeast Nicaragua that has past production exceeding eight million ounces of gold. Calibre and its joint venture partners control 785 square kilometres of concessions in this prolific mining district which remains largely underexplored for porphyry gold-copper deposits, epithermal gold-silver systems and gold-copper skarn mineralization.

Highlights (100-per-cent Calibre gold-silver projects):

• Work continues on the Montes de Oro gold skarn project where recent high-grade trench results include 52.3 metres grading 7.1 grams per tonne gold, 27.5 metres grading 4.92 grams per tonne gold and 19.3 metres grading 2.71 grams per tonne gold located within a 400-metre-by-650-metre gold-copper-zinc soil geochem anomaly;
• High-grade gold-silver mineralization continues to be defined at the Guapinol-La Sorpresa gold-silver project in the eastern epithermal district. Gold-silver mineralization has been traced on surface for over 10 kilometres on the Guapinol-La Sorpresa target where up to five vein systems have been identified with surface rock sampling returning up to 42.46 grams per tonne gold and 2,457 grams per tonne silver.

Calibre's joint venture projects:

The technical content in this news release was read and approved by Gregory Smith, PGeo, president and chief executive officer of the company, who is the qualified person as defined by National Instrument 43-101. Calibre also announces the filing of an amended National Instrument 43-101 technical report on the Riscos de Oro deposit located in Nicaragua, prepared by independent qualified person under National Instrument 43-101, Todd McCracken, PGeo, formerly of Tetra Tech Inc. (presently with Genivar Inc.) with an effective date of Oct. 9, 2013. The inferred resource remains unchanged.