Ryan King, Senior VP of Corporate Development and IR at Calibre Mining (TSX: CXB – OTCQX: CXBMF), joins us to recap the commencement of mining at its 100% owned Eastern Borosi open pit mine in early April, and ore deliveries to the Libertad processing plant since May. We also dig into the organically-funded exploration strategy, and continuing grade-driven growth of the resources in both Nicaragua And Nevada.
We start off discussing why the high-grade gold ore now being mined at both the Eastern Borosi and the Pavon Central productions centers further substantiates that their hub-and-spoke mining strategy is continuing to add much higher-grade ore through the Libertad Mill. Ryan outlines the pattern of year over year grade-driven growth from the Company, and that trend is continuing in 2023. Additionally, we noted the prior even higher-grade drill results that were returned from Panteon North, as a potential future production center. Ryan outlines that there are a number of new exploration targets being drilled with 6 rigs as part of a 60,000 – 70,000 meter ongoing drill program in Nicaragua.
Next we transition over to the Nevada assets, and all the ongoing exploration work the company has underway around both the Pan Mine area and at the development-stage Gold Rock Project. The exploration team is encouraged by recent drill results stepping out from the known mineralization and finding higher grade gold intercepts at the Coyote target, as well as stepping out from the Pan Mine area and making some new recent discoveries to the south at the Palomino target. There are currently 2 drill rigs turning around the Pan Mine to continue delineating and growing the existing resources.
If you have any follow up questions for Ryan on Calibre Mining, then please email me at Shad@kereport.com.
- In full disclosure, Shad is a shareholder of Calibre Mining.
.