Calibur reports drilling results from Pan Mine, Nevada. Results continue to indicate strong resource expansion potential. Step out results include 3.35 g/t gold over 18.3 meters and 0.80 g/t gold over 47.2 meters. Canadian Business Journal

VANCOUVER, British Columbia, August 17, 2022 (GLOBE NEWSWIRE) — Caliber Mining Co., Ltd. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to announce the results of its analysis of its ongoing resource conversion and expansion drilling program at its wholly owned Pan Mine (“Pan”). increase. Prolific Battle Mountain – Eureka Gold Trends, Nevada. A number of results outlined below demonstrate the potential for resource expansion, with a focus on transformation of known mineralization zones. In 2022, Caliber has a multi-rig 85,000m drilling program in Nevada, including his Pan-focused 50,000m.

Highlights of the bread resource expansion and discovery training program include:

black stallion target

  • 3.35 g/t Au over 18.3 meters in hole PR22-087. 0.93 g/t Au over 12.2 meters in Hall PR22-116. 0.82 g/t Au over 10.7 meters in Hall PR22-100. 0.50 g/t Au over 15.2 meters in hole PR22-083.When
  • Important intercepts outside of existing resources remain open to the north, east, and west.

pegasus target

  • 0.53 g/t Au over 27.4 meters in Hall PR22-094. 0.56 g/t Au over 16.8 meters in Hall PR22-082
  • 0.80 g/t Au over 47.2 meters in Hall PR22-088. 0.52 g/t Au over 64.0 meters in hole PR22-093.
  • 0.60 g/t Au over 29.6 meters and 0.51 g/t Au over 37.5 meters in the PC22-005 hole.When
  • Some intercepts extend mineralization downwards and along strikes, and may extend further.

palomino target

  • Hall PR22-055 1.06 g/t Au above 10.7 meters and 0.96 g/t Au above 10.7 meters.

dune target

  • 0.90 g/t Au over 22.9 meters in hole PR22-015. 0.51 g/t Au over 15.2 meters in hole PR21-062.When
  • It has a tendency to mineralize near the surface and opens to the northwest to confirm the mineralized zone.

syncline target

  • 1.41 g/t Au over 24.4 meters in Hall PR22-032.When
  • High grade mineralization is encountered in the outer northwest of the syncline and is open for expansion.

dynamite target

  • 0.57 g/t Au over 51.1 meters in PC22-006 hole. 0.53 g/t Au over 22.9 meters in hall PR22-061.
  • 0.54 g/t Au over 15.3 meters in hole PR22-045. 0.44 g/t Au over 30.5 meters in Hall PR22-077.
  • 0.40 g/t Au over 42.7 meters in hall PR22-073.When
  • Mineralization remains open to the east where follow-up drilling is planned.

Note: All holes were drilled at angles of -45 to -90 degrees with an azimuth designed to intersect the structure of interest as perpendicularly as possible. Some drill holes and intercepts reported here do not perpendicularly intersect the mineralization and do not represent an accurate ‘true width’.

Caliber President and CEO Darren Hall said:: “Recent drilling at Pan has focused on expanding mineralization along known target trends. Fiore Gold in January 2022 Since acquiring We anticipate that it will lead to an extension of mine life.”

Link 1 – Figure
link 2 – drilling table

Quality Assurance/Quality Control

Caliber Mining maintains a Quality Assurance/Quality Control (“QA/QC”) program for all exploration projects using industry best practices. Critical elements of the QA/QC program include the insertion of assay standards, blanks, and replicates into the sample stream to ensure assay lab results are within specified performance levels. Downhole anomaly surveys are provided by International Direction Services utilizing surface recording gyroscopes and by trained drill crews operating North Seek gyroscopes provided by REFLEX. RC drilling was performed by Boat Longyear of Salt Lake City, Utah and Alford Drilling of Elko, NV. The assay was performed by ALS and the fire assay was determined with a 30-gram charge of his AAS finish. Additional cyanide leaching assays have also been completed. ALS is ISO/IEC 17025:2017 certified.

qualified person

The scientific and technical information contained in this news release was approved by David Schonfeldt P.Geo, Chief Corporate Geologist at Caliber Mining and a “Qualified Person” under National Instrument 43-101.

On behalf of the Board of Directors

“Darren Hall”

Darren Hall, President and CEO

For more information, please contact:
Ryan King
Senior Vice President, Corporate Development & IR
Phone: (604) 628-1012
E: [email protected]

About Caliber Mining Corporation

Caliber Mining is a Canadian-listed, growing gold producer focused on the Americas, with a strong pipeline of development and exploration opportunities in Nevada and Washington, USA, and Nicaragua. . Caliber is focused on delivering sustainable value to its shareholders, communities and all stakeholders through responsible operations and a disciplined approach to growth. With a strong balance sheet, no debt, proven management team, strong operating cash flow, increasing development projects and district-wide exploration opportunities, Caliber unlocks significant value.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements regarding anticipated future events or developments contained in this news release are forward-looking statements. Forward-looking statements are statements that are not historical facts and include “expects,” “plans,” “predicts,” “projects,” “goals,” “could,” are identified by words such as “budget”, “estimate”, “intend” or “believe” and similar expressions or negative connotations thereof or that event or condition “will”, “will”, “could” , “could”, “should” or “could” occur. Forward-looking statements in this news release include, but are not limited to, the following: Statement of our priority resource expansion opportunities for 2022. Our metals price and cut-off grade assumptions. Forward-looking statements necessarily involve assumptions, risks and uncertainties, some of which are beyond Caliber’s control. For a list of risk factors, see Caliber’s Annual Information Form (“AIF”) for the year ended December 31, 2020 and Management’s Discussion and Analysis (“MD&A”) for the year ended December 31, 2020. ) Please refer to. 2021, all available in his SEDAR profile for the company at This list is not an exhaustive list of factors that may affect Caliber’s forward-looking statements.

Caliber’s forward-looking statements are based on applicable assumptions and factors that management believes to be reasonable as of the date hereof based on information available at the time. Such assumptions include, but are not limited to: The ability of a company to mine and process higher grades and keep production costs relatively constant. That production costs have not increased as a result of supply chain issues or his ongoing COVID-19 restrictions. There will be no unfavorable drop in metal prices or cut-off his grade on our Nevada property. Caliber undertakes no obligation to update any forward-looking statements if circumstances or management’s beliefs, expectations or opinions change, except as required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements may differ materially from those expressed or implied in these forward-looking statements. Therefore, undue reliance should not be placed on forward-looking statements.

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Calibur reports drilling results from Pan Mine, Nevada. Results continue to indicate strong resource expansion potential. Step out results include 3.35 g/t gold over 18.3 meters and 0.80 g/t gold over 47.2 meters. Canadian Business Journal

Source link Calibur reports drilling results from Pan Mine, Nevada. Results continue to indicate strong resource expansion potential. Step out results include 3.35 g/t gold over 18.3 meters and 0.80 g/t gold over 47.2 meters. Canadian Business Journal

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