Calibre Mining (TSX: CBX)
Announced a milestone, it has produced its one-millionth ounce of gold in Nicaragua since Q4 2019.
The company also announced a maiden Mineral Resource estimate for its Talavera Gold Deposit, located close to it’s Limon Mill, which includes 3,847,000 tonnes of Inferred Mineral Resource averaging 5.09 g/t Au, yielding 630,000 ounces of gold.
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| Calibre Mining | TSX: CXB | |
| Stage | Production, development, exploration | |
| Metals | Gold | |
| Market cap | C$2.33 Billion @ C$2.66 | |
| Location | Canada, Nicaragua, USA | |
| Website | www.calibremining.com |
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Calibre Pours Its 1 Millionth Ounce of Gold in Nicaragua and Declares an Initial Mineral Resource at Talavera Located 3 Kilometres from the Limon Mill
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Calibre Mining (TSX: CBX) has announced a significant milestone, producing its one-millionth ounce of gold in Nicaragua since Q4 2019.
The company also revealed a maiden Mineral Resource estimate for its 100% owned Talavera Gold Deposit, which includes 3,847,000 tonnes of Inferred Mineral Resource averaging 5.09 g/t gold, yielding 630,000 ounces of gold.
Located just 3 kilometers from the Limon mill, Talavera has historically produced 800,000 ounces of gold. The company has successfully increased its Nicaragua Mineral Reserves from 140,000 ounces in Q4 2019 to more than 1.1 million ounces at December 31, 2023.
Recent drilling continues to intersect high-grade gold mineralization approximately 750 metres west of the past-producing Talavera underground mine, with the resource remaining open to the west.
For 2025, Calibre plans to focus on expansion and delineation drilling at Talavera while advancing environmental permits. The deposit’s steeply dipping structure and parallel gold-bearing zones make it suitable for low-cost, long-hole mining.
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.To read the full news release please click HERE
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The live gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in Calibre Mining
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