Calibre, B2Gold trench 14.8 m of 1.85 g/t Au at Borosi

2014-05-07 09:16 ET - News Release

See News Release (C-CXB) Calibre Mining Corp

Mr. Greg Smith of Calibre reports

CALIBRE AND B2GOLD TRENCHING RETURNS 14.8 METRES GRADING 1.85 G/T GOLD AT THE MINNESOTA GOLD PROJECT, BOROSI CONCESSIONS, NICARAGUA

Calibre Mining Corp. has released results from follow-up trenching and sampling at the Minnesota gold project within the B2Gold Corp. joint venture on the Borosi concessions, northeast Nicaragua. Calibre controls a 49.0-per-cent interest in the joint venture, and B2Gold has a 51.0-per-cent interest and is project operator. B2Gold has the right to earn an additional 19.0 per cent in the Borosi concessions joint venture by spending $6.0-million in additional project expenditures over three years. The 2014 exploration program on the B2Gold joint venture is budgeted at $1.2-million.

Highlights

Quality assurance and quality control procedures include the systematic insertion of blanks, standards and duplicates into the rock and soil sample strings. Samples are placed in sealed bags and shipped directly to Acme Labs in Managua, Nicaragua, for sample preparation and then to Acme Labs in Vancouver, Canada, for gold fire assay and ICP-MS multielement analyses. The technical content in this news release was read and approved by Gregory Smith, PGeo, president and chief executive officer of the company, qualified person as defined by National Instrument 43-101.