Lahontan Gold Announces Improved Santa Fe PEA

Lahontan Gold (TSX.V :LG)

Announced results from a positive PEA on its flagship Santa Fe Mine gold-silver project located in Nevada’s prolific Walker Lane.

The PEA was in accordance with Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects.

 

 

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Lahontan Gold

 

 

 

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Lahontan Gold TSX.V: LG
Stage Exploration / Development
Metals Gold
Market cap C$149m @ C$0.35
Location Nevada
Website www.lahontangoldcorp.com

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Lahontan Gold Announces Updated Santa Fe Preliminary Economic Assessment Featuring an Eleven-Year Mine Life and Post-Tax NPV5 of US$820 Million

 

 

October 14, 2026
Lahontan Gold Announces Updated Santa Fe Preliminary Economic Assessment Featuring an Eleven-Year Mine Life and Post-Tax NPV5 of US$820 Million
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TORONTO, Oct. 14, 2026 (GLOBE NEWSWIRE) — Lahontan Gold Corp. (TSX.V: LG, OTCQB:LGCXF)(the “Company” or “Lahontan“) is pleased to announce results from a positive Preliminary Economic Assessment (“PEA“) on its flagship Santa Fe Mine gold-silver project located in Nevada’s prolific Walker Lane. The PEA was prepared by Kappes, Cassiday & Associates (“KCA“) of Reno, Nevada with mine planning, mineral resource estimation, and production scheduling contributions from RESPEC Company LLC (“RESPEC”), Reno, Nevada, in accordance with Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects (“NI 43-101“).

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PEA Highlights

  • Strong project economics: Post-tax net present value at a 5% discount rate (“NPV5”) of US$820.0 million and an internal rate of return (“IRR”) of 40.1%, based on the PEA base-case metal prices of US$3,600/oz gold and US$49/oz silver (Table 1).
  • Significant cash-flow generation: Estimated life-of-mine (“LOM”) net cash flow of US$1.68 billion before taxes and US$1.32 billion after taxes over an 11-year active mine life, followed by one year of residual leaching (Table 1).
  • Substantial revenue potential: Projected LOM revenue of US$3.68 billion over an 11-year active mine life, followed by one year of residual leaching, based on the base-case metal prices (Table 1).
  • Attractive annual production profile: Average annual production of approximately 91,900 gold-equivalent ounces (“Au Eq”), comprising approximately 88,300 ounces of gold and 254,000 ounces of silver. Average annual production is projected to increase to approximately 112,500 Au Eq ounces during Years 4 through 11 of the mine life (Table 4).
  • Competitive projected operating costs: Estimated gold cash costs of US$1,909/oz and all-in sustaining costs (“AISC”) of US$2,250/oz.
  • Manageable initial capital requirements: Estimated pre-production capital costs of US$172.0 million, including a US$22.2 million contingency, with a projected payback period of 3.7 years, based on base-case metal prices (Table 2).
  • Significant upside sensitivity to higher metal prices: At the PEA spot-price case of US$4,166/oz gold and US$59/oz silver (Table 1), post-tax NPV5increases to US$1.13 billion and IRR increases to 50.4%.

 

 

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Kimberly Ann, Founder, Chair, CEO and President of Lahontan Gold, commented:

“The results of the updated Santa Fe Mine PEA demonstrate the significant economic potential of this project.

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“The base-case post-tax NPV5of US$820 million represents an increase of more than fourteen-fold compared with the 2024 PEA (US$56.5 million), with a projected IRR of 40.1% over an 11-year active mine life and average annual production of nearly 92,000 gold-equivalent ounces.

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“Production is expected to exceed 120,000 gold-equivalent ounces in four years of the mine plan. Estimated LOM net cash flow of US$1.68 billion before taxes highlights Santa Fe’s potential to generate substantial cash flow, supporting the development of the project and potentially providing capital to pursue additional growth opportunities.

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“The mine plan and production schedule developed for the PEA will inform the final Mine Plan of Operations to be submitted to the U.S. Bureau of Land Management. Environmental baseline studies have been completed, and Lahontan expects to obtain the federal and state permits required for mine construction in 2027.

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“Significant opportunities remain to expand Santa Fe’s potential through exploration adjacent to known resource areas and at depth, as well as through further evaluation of the historic heap leach pads.

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“Santa Fe is the cornerstone of Lahontan’s strategy to become a gold and silver producer focused on Nevada, one of the world’s premier mining jurisdictions.”

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To read the full news release, please click HERE

 

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The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

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This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Lahontan Gold.

.

To read our full terms and conditions, please click HERE



Lahontan Increases Mineral Resources At Santa Fe By 22%

Lahontan Gold Corp. (TSX.V: LG)

Announced an updated Mineral Resource Estimate  for its flagship Santa Fe Mine, a past-producing open pit, heap leach, gold and silver mine, located in Nevada’s prolific Walker Lane.

The MRE for Santa Fe is based upon 1,275 drill holes totaling 136,515 metres, including 103 drill holes totaling 23,805 metres drilled by Lahontan from 2021 through
May 2026.

 

 

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Lahontan Gold

Santa Fe mine vista – Courtesy of Lahontan Gold Corp.

 

 

 

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Lahontan Gold TSX.V: LG
Stage Exploration / Development
Metals Gold
Market cap C$154m @ C$0.36
Location Nevada
Website www.lahontangoldcorp.com

 

 

LAHONTAN ANNOUNCES 22% INCREASE IN MINERAL RESOURCES AT SANTA
FE: 1,195,000 Au Eq oz INDICATED, and 1,190,000 Au Eq oz INFERRED

 

 

Toronto Ontario, August 17, 2026 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) (the “Company” or “Lahontan”) is pleased to announce an updated Mineral Resource Estimate (“MRE”) for its flagship Santa Fe Mine (“Santa Fe”), a past-producing open pit, heap leach, gold and silver mine, located in Nevada’s prolific Walker Lane.

The MRE for Santa Fe is based upon 1,275 drill holes totaling 136,515 metres, including 103 drill holes totaling 23,805 metres drilled by Lahontan from 2021 through
May 2026.

 

Highlights of the MRE include:

• Project-wide pit constrained resources increase significantly: Indicated Mineral Resources of 1,195,000 contained gold equivalent (“Au Eq”) ounces and Inferred Mineral Resources of 1,190,000 contained Au Eq ounces, a total increase of 435,000 ounces or 22% over the 2024 MRE (assumptions for Au Eq are described in the Notes to Table One).
• Project-wide average grade for the Indicated Mineral Resource is 0.78 g/t Au Eq; the average grade of the Project-wide Inferred Mineral Resource is 0.61 g/t Au Eq (please see Table One).
• Shallow Slab and York oxide resources expand dramatically: Indicated oxide Resources for the two deposits total 12.09 Mt grading 0.33 g/t Au Eq for 128,000 Au Eq ounces and Inferred oxide Resources total 8.34 Mt grading 0.36 g/t Au Eq for 96,000 Au Eq ounces, an increase of over 37% compared to the resources reported in the 2024 MRE.
• Santa Fe Deposit resources increase by over 26%: Indicated Mineral Resources of 31.15 Mt grading 0.99 g/t Au Eq totaling 993,000 Au Eq ounces and Inferred Mineral Resources of 41.60 Mt grading 0.71 g/t Au Eq totaling 954,000 Au Eq ounces.
• The MRE block model shows that gold and silver mineralization extends well beyond the conceptual pit shells, generating high-quality targets for additional drilling and resource growth, including the increasingly important deep sulfide mineralization at Santa Fe, and throughout the Slab-Calvada-York resource area.

 

 

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Kimberly Ann, Founder, Executive Chair, CEO, and President of Lahontan Gold Corp commented:

“Lahontan is excited by the results of this updated MRE for the Santa Fe Mine, particularly the large growth in total resource ounces and the continued expansion of the shallow Slab and York oxide gold and silver deposits.

 

“The MRE will form the basis of an updated Preliminary Economic Assessment (“PEA”) of the Santa Fe Mine. The PEA will examine mining and process options utilizing low-cost open-pit mining and heap leach processing and very importantly, analyze the mining and processing of Santa Fe’s substantial sulfide resources as a Second Phase in future mine operations.

 

“Our technical consultants, Kappes, Cassiday and Associates (“KCA”) and RESPEC Company LLC (“RESPEC”), both based in Reno, Nevada, are well advanced at project planning, mine design, finalizing the process flow sheet, and optimizing crushing
throughput.

 

“The Company will use the Phase One oxide conventional leach mine plan to complete its State level mine permitting process and the Company’s Mine Plan of Operation (“MPOO”) with the Federal Bureau of Land Management (“BLM”).

 

“With the release of the updated MRE and the soon to be completed PEA, Lahontan continues its transition from mine developer to mine operator, targeting 2027 for mine
construction at Santa Fe.”

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To read the full news release, please click HERE

 

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The live Spot gold price can be found HERE

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=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Lahontan Gold.

.

To read our full terms and conditions, please click HERE



Lahontan Drills 12.2m Grading 1.25 g/t Au Oxide at Clavada East

Lahontan Gold Corp. (TSX.V:LG,)

Anounced additional drill results from its 2026 drilling program at the Santa Fe Mine Project.

Highlights include the first significant gold mineralization hosted within Tertiary volcanic rocks along the Summit Fault and additional high-grade oxide mineralization at Calvada East

 

 

 

 

LAHONTAN DRILLS 12.2m GRADING 1.25 g/t Au OXIDE AT CALVADA EAST

 

Toronto Ontario, August 5, 2026 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) (the “Company” or “Lahontan”) is pleased to announce additional drill results from its 2026 drilling program at the Santa Fe Mine Project.

The results reported herein comprise seven reverse-circulation (“RC”) drill holes totaling 1,990 metres completed in the Calvada East resource area, the Slab West exploration target and a deep geophysical test located between the Slab and Santa Fe resource areas.

Highlights include the first significant gold mineralization hosted within Tertiary volcanic rocks along the Summit Fault and additional high-grade oxide mineralization at Calvada East. Drill results are summarized below:

• Calvada East: Drill hole CAL26-12R, an RC drill hole originally designed for groundwater monitoring, intersected 12.2 metres (166.1 – 178.3m) grading 1.26 g/t Au Eq oxide (1.25 g/t Au, 0.8 g/t Ag) near the base of the current resource pit shell*, including individual 1.5 metre samples ranging up to 3.29 g/t Au.
• Calvada East: Drill hole CAL26-11R, another RC drill hole originally designed for groundwater monitoring, intersected 13.7 metres (176.8 – 190.5m) grading 1.10 g/t Au Eq (1.01 g/t Au, 7.1 g/t Ag) hosted by Tertiary volcanic rocks within the Summit Fault zone. This represents the first significant gold intercept hosted within Tertiary volcanic rocks at the Santa Fe Mine Project and establishes a new exploration target along the Summit Fault.
• Slab West exploration target: Two RC drill holes at Slab West intersected broad intervals of oxide gold and silver mineralization. CAL26-13R intercepted 35.1m (57.9 – 93.0m) of shallow mineralization grading 0.21 g/t Au Eq (0.19 g/t Au, 1.5 g/t Ag), CAL26-15R cut 18.3m (144.8 –163.1m) grading 0.22 g/t Au Eq (0.21 g/t Au, 0.8 g/t Ag).



Lahontan Drills 9.9m at 2.40 g/t Au and 50.7 g/t Ag in Santa Fe Mine Stockpile

Lahontan Gold (TSX.V: LG)

Announced the first drill results from its 2026 Sonic core drilling program at the Santa Fe Mine Project.

The initial results below are from a historic “low-grade” stockpile located adjacent to Heap Leach Pad two at Santa Fe. The drilling confirms significant gold and silver mineralization within the stockpile.

 

 

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LAHONTAN DRILLS 9.9m GRADING 2.40 g/t Au and 50.7 g/t Ag in SANTA FE MINE STOCKPILE

 

 

 

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Toronto Ontario, July 23, 2026 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) (the “Company” or “Lahontan”) is pleased to announce the first drill results from its 2026 Sonic core drilling program at the Santa Fe Mine Project.

The Sonic drilling campaign is evaluating historic heap leach pads and stockpiles to define gold and silver resources that may be suitable for future reprocessing at
substantially lower cost than mining and processing fresh rock.

The initial results below are from a historic “low-grade” stockpile located adjacent to Heap Leach Pad two at Santa Fe. The drilling confirms significant gold and silver mineralization within the stockpile and indicates grades substantially higher than anticipated based on the historic stockpile classification.

Notes: Au Eq equals Au (g/t) + ((Ag g/t/60)*0.70). Silver grade for calculating Au Eq is adjusted to consider historic metallurgical recovery as described in the Santa Fe Project Technical Report*.

All drill holes are vertical, true thickness of the intercepts are approximately 100% of the drilled interval. Numbers may not total precisely due to rounding.

The stockpiled material was mined from the Santa Fe open pit by the previous mine operator, Corona Gold, and was set aside for potential future processing. The stockpile abuts Heap Leach Pad two and is readily accessible. C

N-extractable gold assays range from 5% to 87% of the corresponding fire assay values, averaging more than 30%. These results suggest the stockpiled material is readily amenable to conventional heap leach processing.

Results from six additional Sonic drill holes completed on the “low-grade” stockpile
are expected shortly.

 

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Kimberly Ann, Founder, Chair, CEO, and President of Lahontan Gold Corp commented:

“The Sonic drilling campaign at Santa Fe is designed to define and verify the tonnage and grade of material remaining in the four historic heap pads at the mine.

 

“Approximately 16 million tonnes of material were processed on the heap leach pads, residual gold and silver contained within these historic heap leach pads represent a
potentially valuable source of low-cost future feed.

 

“The “low-grade” stockpile adjacent to Heap Leach Pad two has long intrigued our team because it consists of readily accessible mined material that could be potentially crushed and heap leached at relatively low cost.

 

“The results from these first drill holes not only confirm the presence of gold and silver but also show that the grade of the stockpile is considerably higher than anticipated.

 

“The Sonic drilling program has now concluded, with nearly 100 drill holes completed across the four historic heap leach pads. We look forward to reporting additional results as they become available.”

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To read the full news release, please click HERE

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The live Spot gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Lahontan Gold.

.

To read our full terms and conditions, please click HERE



Lahontan Santa Fe Mine Development and Exploration Update

Lahontan Gold (TSX.V: LG)

Provided an update on mine development and exploration activities at its flagship Santa Fe Mine Project located in mining friendly Nevada’s Walker Lane.

Highlights include an updated MRE expected within weeks, and a revised PEA targeted for completion by the end of August 2026.

 

 

 

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Santa Fe vista – With kind permission of Lahontan Gold

 

 

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Lahontan Gold TSX.V: LG
Stage Exploration / Development
Metals Gold
Market cap C$154m @ C$0.36
Location Nevada
Website www.lahontangoldcorp.com

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LAHONTAN PROVIDES SANTA FE MINE DEVELOPMENT and EXPLORATION
UPDATE

Toronto Ontario, June 30, 2026 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) (the “Company” or “Lahontan”) is pleased to provide an update on mine development and exploration activities at its flagship Santa Fe Mine Project located in mining friendly Nevada’s Walker Lane.

 

Highlights:

• Updated MRE expected within weeks.
• Revised PEA targeted for completion by the end of August 2026.
• 87 drill holes (7,751 m) completed year-to-date.
• New Slab West discovery remains open in all directions.
• Historic heap leach pad drilling underway to evaluate potential reprocessing

 

The mine permitting team continues to make timely progress on the waste rock geochemical characterization program and ground water modeling, part of the Nevada state mine permitting process.

The preparation of an updated Mineral Resource Estimate (“MRE”) for Santa Fe is nearly complete, a crucial step in developing an open pit mine plan for the restart of gold and silver production at the project.

With an updated MRE, the Company will also complete a revised Preliminary Economic Assessment (“PEA”), which will include detailed description of key mine infrastructure including heap leach pads, open pits, and locations for waste rock storage.

With the PEA in hand, the Company will be able to submit a Mine Plan of Operations (“MPOO”) to the Federal Bureau of Land Management (“BLM”).

Despite the fluid nature of Federal and State mine permitting, Lahontan remains on track for breaking ground at the Santa Fe Mine Project in 2027.

 

 

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Kimberly Ann, Lahontan Gold Corp. Chair, CEO, President, and Founder commented:

 

“The pace of activity at Santa Fe continues to accelerate:

 

“We are advancing permitting activities, making new gold and silver discoveries, while evaluating the economic potential of reprocessing the historic heap leach pads,
potentially producing very significant and low-cost recoverable ounces.

 

“Lahontan has completed 87 drill holes totaling 7,751 metres so far in 2026 with more to come.

 

“We remain on track to break ground in 2027:

 

“The Santa Fe Mine is a classic brownfields restart, leveraging existing infrastructure and technical knowledge allowing us to restart production at lower capital cost, on a shorter development timeline, and with a substantially lower execution risk than a comparable greenfield project, benefiting all stakeholders.”

 

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To read the full news release, please click HERE

 

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The live Spot gold price can be found HERE

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=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Lahontan Gold.

.

To read our full terms and conditions, please click HERE



Lahontan Reports Cyanide Recoveries Of 81% For Gold and 60% For Silver

Lahontan Gold Corp. (TSXV: LG)

Announced that analyses of pulp samples from the Company’s 2025 reverse-circulation drilling program show high levels of cyanide extraction for gold and silver that corroborates and validates previous metallurgical testing at Lahontan’s West Santa Fe project.

 

 

 

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Lahontan Gold

Panoramic vista of Santa Fe – Courtesy of Lahontan Gold Corp.

 

 

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Lahontan Gold TSX.V: LG
Stage Exploration / Development
Metals Gold
Market cap C$140m @ C$0.40
Location Nevada
Website www.lahontangoldcorp.com

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LAHONTAN REPORTS CYANIDE RECOVERIES OF 81% FOR GOLD AND 60%
FOR SILVER AT WEST SANTA FE

 

 

Toronto Ontario, April 13, 2026 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) (the “Company” or “Lahontan”) is pleased to announce that analyses of pulp samples from the Company’s 2025 reverse-circulation (“RC”) drilling program show high levels of cyanide (“CN”) extraction for gold and silver that corroborates and validates previous metallurgical testing at Lahontan’s West Santa Fe project.

 

Highlights of the CN test program include:

• CN extractable gold averaged 81% compared to the original fire assay gold values for
individual pulp samples (please graph below). This is a very high CN extraction ratio and greater than the projected gold recovery reported in previous metallurgical testing for West Santa Fe (more below).
• CN extractable silver averaged 60% compared to the original ICP and fire assay analyses (please graph below). This is also a high CN extraction ratio, especially for silver, and is greater than the projected silver recovery reported in previous metallurgical testing.

 

 

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Kimberly Ann, Lahontan Executive Chair, President, CEO, and Founder commented:

“The results of the CN extractable gold and silver analyses confirm our belief that precious metal mineralization at West Santa Fe is amenable to CN heap leach processing for gold and silver recovery.

 

“Combined with the results of the 2025 RC drilling program, which replicated the gold and silver results from historic drilling, we are checking all the boxes: Exploration will now continue at West Santa Fe, seeking to expand the footprint of the precious metal system in anticipation of the preparation of a Mineral Resource Estimate (“MRE”)
later this year.”

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To read the full news release, please click HERE

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The live Spot gold price can be found HERE

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=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Lahontan Gold.

.

To read our full terms and conditions, please click HERE



Orla Mining Files Updated Technical Report for South Railroad

Orla Mining (TSX: OLA; NYSE: ORLA)

Announced that the Company has filed an updated independent technical report for South Railroad prepared in accordance with National Instrument 43-101.

The South Railroad Gold Project is located in Nevada, USA, and forms a part of the Company’s larger South Carlin Complex land package on the prolific Carlin Trend.

 

 

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Orla Mining

 

 

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$10 billion   @ C$29.67
Location Mexico + Nevada + Canada 
Website www.orlamining.com

 

Orla Mining Files Updated Technical Report for South Railroad Gold Project, in Nevada

 

 

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Vancouver, BC – March 2, 2026 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce that the Company has filed an updated independent technical report for South Railroad (the “South Railroad Technical Report”), which was prepared in accordance with National Instrument (“NI”) 43-101.

The South Railroad Gold Project (“South Railroad” or the “Project”) is located in Nevada, USA, and forms a part of the Company’s larger South Carlin Complex (“South Carlin”) land package on the prolific Carlin Trend.

The South Railroad Technical Report now includes a construction-ready feasibility study backed by advanced engineering and expanded metallurgical testing. Key enhancements include a two-stage crushing circuit for improved recoveries and a comprehensive execution plan to support the project’s transition into development.

The detailed technical report is now available on SEDAR+ and EDGAR under the Company’s profile at www.sedarplus.ca and www.sec.gov, respectively. The technical report is now also available on Orla’s website at www.orlamining.com.

Orla is currently transitioning to the execution phase, focusing on detailed engineering, construction readiness, and long-lead procurement. Full construction is expected to commence in mid-2026, pending the receipt of final project permits. The development is expected to be funded through operating cash flow and cash on hand. For further details, please refer to the summary highlights in the January 15, 2026, news release.

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To read the full news release, please click HERE

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To view Orla Mining’s share latest price and chart, please click HERE

 

The live gold price can be found HERE

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.

To read our full terms and conditions, please click HERE



Calibre Delivers Record Q4 Gold Production of 76,269 Ounces

Calibre Mining Corp. (TSX: CXB)

Announced operating results for Q4 and year ended December 31, 2024, an update on the Valentine Gold Mine, located in Newfoundland & Labrador, Canada and initial 2025 guidance.

Record consolidated Q4 gold production of 76,269 ounces; Nicaragua 66,578 ounces and Nevada 9,691 ounces.

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Calibre Mining

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Calibre Mining TSX: CXB
Stage Production, development, exploration
Metals Gold
Market cap C$1.98 Billion @ C$2.37
Location Canada, Nicaragua, USA
Website www.calibremining.com

 

Calibre Delivers Record Q4 Gold Production of 76,269 Ounces; 2025 Gold Production Expected to Significantly Increase as Valentine Gold Mine, Canada Remains on Track for First Gold During Q2, 2025

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VANCOUVER, British Columbia, Jan. 08, 2025 (GLOBE NEWSWIRE) —Calibre Mining Corp.(TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to announce operating results for the three months (“Q4”) and year ended (“Full Year”) December 31, 2024, an update on the Valentine Gold Mine (“Valentine”), located in Newfoundland & Labrador, Canada and initial 2025 guidance. All figures are expressed in U.S. dollars unless otherwise stated.

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Q4 & Full Year 2024 Production Results and Exploration Highlights

  • Record consolidated Q4 gold production of 76,269 ounces; Nicaragua 66,578 ounces and Nevada 9,691 ounces;
  • Consolidated Full Year gold production of 242,487 ounces, exceeding updated 2024 guidance (230,000 – 240,000 ounces); Nicaragua 207,220 ounces and Nevada 35,267 ounces;
  • Q4 delivered the strongest production of the year, setting a solid foundation for a promising start to 2025;
  • Cash $186.7 million ($131.1 million in cash and $55.6 million in restricted cash);

 

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Valentine Remains on Track for Q2, 2025 Gold Production

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Executive Officer of Calibre, stated:

“Calibre achieved total gold production of 242,487 ounces in 2024. After addressing challenges in the third quarter, we delivered an exceptional fourth quarter, producing a record 76,269 ounces.

“Looking ahead, 2025 is shaping up to be a transformational year for Calibre with first gold production from Valentine on schedule for Q2. With Valentine fully operational, Calibre transitions into a robust, multi-asset, diversified mid-tier gold producer.

“Valentine is poised to become a long-life, cornerstone asset in Canada, initially delivering approximately 200,000 ounces of gold annually with significant exploration upside.

“We have made substantial progress on technical studies to increase Valentine’s throughput in a phase two expansion. While the original design envisioned an increase in throughput from the currently planned 2.5 million tonnes per year to 4 million tonnes per year starting in 2029, we are now actively advancing plans to accelerate the timeline for scaling up production to as much as 5.4 million tonnes per year.

“In 2025, we will focus on detailed engineering and schedule with the intent of committing to long lead time items before year end.

“Considering these developments, Valentine has the potential to exceed the production levels outlined in the 2022 feasibility study, especially given the promising results emerging from our ongoing exploration efforts. This positions Calibre for substantial growth and value creation in the coming months and years.

As previously announced, our exploration investment at Valentine has delivered very exciting results. November’s discovery of broad widths of gold mineralization outside mineral resources at the Frank Zone, approximately 1 km south of the Valentine Gold Mine demonstrates the upside potential.

“Results included 2.43 g/t gold over 172.8 metres including 3.84 g/t gold over 90.9 metres, 2.12 g/t gold over 95.4 metres and 2.26 g/t gold over 78.3 metres from the initial discovery.

“Our 2024 drilling program wrapped up in mid December, and we anticipate providing additional results surrounding the Frank Zone discovery as assays become available.

“Exploration is ramping up and as construction activity progresses to completion, we expect to add drills to increase the Valentine exploration activity throughout the year. In 2025, we expect to execute the largest annual exploration drill program in the property’s history.

“The geologic setting at Valentine is similar to the prolific Val d’Or and Timmins camps in the Abitibi gold belt. This, in combination with the significant prospectivity of the 32-kilometre Valentine Lake Shear Zone (“VLSZ”), I am confident that we will continue to deliver strong exploration results, unlocking the potential of this highly prospective region.

“Additionally, we are very encouraged by the continued exploration success across our assets in Nicaragua. During 2024, we announced numerous high-grade results from the Talavera Gold Zone and the VTEM Gold Corridor within the Limon Mine Complex demonstrating the exceptional potential for rapid resource growth.

“During 2025, I anticipate additional success as we expand our exploration efforts and again advance a multi-rig 100,000 metre drill program.”

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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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=======

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Calibre Mining

.



Calibre Discovers Above Reserve Grade Gold at The Pan Mine

Calibre Mining (TSX: CXB)

Announced additional, near surface, resource expansion drill results from its exploration programs at the Pan Heap Leach Gold Mine, located on the prolific Battle Mountain – Eureka gold trend in Nevada, USA.

 

 

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calibre Mining

 

 

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CALIBRE CONTINUES TO DISCOVER NEAR SURFACE, ABOVE RESERVE GRADE GOLD MINERALIZATION AT THE PAN MINE IN NEVADA; DRILLING INTERSECTS INCLUDE 0.45 G/T GOLD OVER 117.4 METRES AND 0.56 G/T GOLD OVER 59.4 METRES

 

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Aug 27, 2024
View PDF

VANCOUVER, British Columbia, Aug. 27, 2024 (GLOBE NEWSWIRE) — Calibre (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) is pleased to announce additional, near surface, resource expansion drill results from its exploration programs at the Pan Heap Leach Gold Mine (“Pan”), located on the prolific Battle Mountain – Eureka gold trend in Nevada, USA.

Results at Pan continue to reveal gold grades higher than the stated Mineral Resource grade of 0.4 g/t gold ( see Calibre Delivers Fourth Consecutive Year of Mineral Reserve Growth news release here ).

Today’s drill results across the Pan mine property demonstrate the potential to increase resources, grade, mine life and confidence around the Pan mine.

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Highlights from the Nevada drill program include (Estimated True Width “ETW”):

  • 0.45 g/t Au over 117.4 metres ETW in Hole PR24-113;
  • 0.56 g/t Au over 59.4 metres ETW including 1.31 g/t Au over 9.1 metres ETW in Hole PR24-111;
  • 0.46 g/t Au over 71.6 metres ETW in Hole PR23-208;
  • 0.66 g/t Au over 36.6 metres ETW in Hole PR23-212 ;

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Darren Hall, President and Chief Executive Officer of Calibre, stated:

“Since acquiring Pan in early 2022, we have successfully increased Mineral Reserves by 50% net of two years of production depletion and with exploration success, we anticipate this trend could continue.

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“The majority of today’s drill results contain grades that are higher than our stated Mineral Reserve grade and, in many cases, sit outside our Mineral Reserve pit shell. These results bode well for longevity to Pan’s future mine life.

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“We remain focused on reinvesting in our future with a demonstrated track record of delivery and growing consolidated Mineral Reserves, after 825,000 ounces of production, over the last four years.

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“We continue to drill Pan and Gold Rock in Nevada, the multi-million-ounce Valentine Gold Mine in Newfoundland and Labrador with an additional 100,000 metre drill program underway and a multi-rig discovery and resource expansion drill program in Nicaragua.”

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To read the full news release, please click HERE

.

The live gold price can be found HERE

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=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds  shares in Calibre Mining.

.



i-80 Gold Positive Metallurgical Results from Ruby Hill

i-80 GOLD  (TSX: IAU)

Announced the results of Metallurgical work completed by Blue Coast Research on samples from the company’s Ruby Hill and Golden Hill  Projects located in Eureka County and along the southeastern end of the Battle Mountain / Eureka gold trend in Nevada.

 

 

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I-80 Gold Corp

I-80 Gold Corp. mine portal

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I-80 Gold Corp. TSX: IAU
Stage Development + Exploration
Metals Gold + polymetallic
Market cap C$554 million @ C$1.44
Location Nevada, USA
Website www.i80gold.com

 

 

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i-80 Gold Provides Positive Metallurgical Results from Ruby Hill and Golden Hill

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RENO, Nev., June 27, 2024 /CNW/ – i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) (“i-80”, or the “Company”) is pleased to announce the results of Metallurgical work completed by Blue Coast Research Ltd. (“BCR”) on samples from the company’s Ruby Hill and Golden Hill (FAD) Projects located in Eureka County and along the southeastern end of the Battle Mountain/Eureka gold trend in Nevada.

The Properties are host to multiple polymetallic base metal deposits and/or zones of mineralization that are being advanced by the Company concurrent with the gold deposits.

 

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Todd Esplin, Technical Director of i-80 Gold stated 

“We are encouraged by the positive recovery of the multiple metals contained within the Hilltop and FAD deposits.

“We believe that this work will be included in future resource estimates, mine planning and economic studies.”

 

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The BCR Study was commissioned to enhance the understanding of the various deposits for planning purposes related to the recovery of the multiple metals contained within each zone.

Locked cycle testing was completed on sulphide dominant composites from the Hilltop (Upper, Lower and East), and the FAD (East, West and Gold Hill Oxide) Zones. Highlights from the Company’s 2023/2024 metallurgical programs include:

  • High grade zinc and/or lead concentrates were produced with positive recoveries for each of the four sulphide dominant composites – with zinc recoveries of up to 96.0%, lead recoveries of up to 97.9% and silver recoveries of up to 85.0%
  • Positive gold recoveries from cyanidation were achieved for the upper oxidized mineralized zones, realizing 86.8% for Upper Hilltop and 85.1% for Golden Hill
  • Notably, the composites contain low silica and low deleterious metals, enhancing the expected potential of future concentrates
  • Work in 2024 will include additional metallurgical work on the Mineral Point deposit at Ruby Hill that is host to a measured and indicated resource of 3.2 M ounces of gold and 97.5 M ounces of silver (203.2 M tonnes, 0.49 g/t Au, 14.9 g/t Ag) and an inferred resource of 1.9 M ounces of gold and 72.3 M ounces of silver (157.3 M tonnes, 0.37 g/t Au, 14.3 g/t Ag). This makes it one of the largest gold/silver deposits in the United States.1

 

The Ruby Hill and Golden Hill Properties collectively represent one of the Company’s primary assets – host to multiple gold, base metal and precious metal-rich polymetallic deposits and mineralization.

Drilling completed between 2022 and 2024 at the Blackjack, Hilltop and FAD zones intersected significant high‑grade mineralization with all zones remaining open for expansion.

Initial polymetallic (base metal) resource estimates are being planned as part of the Company’s mine development strategy for these properties with mine workings accessing both the gold and polymetallic deposits.,

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To View i-80 Gold’s historical news, please click here

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To read the full news release, please click HERE

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds no shares in i-80 Gold.

.

To read our full terms and conditions, please click HERE



Calibre Mining Reports Strong Progress At Valentine

Calibre Mining (TSX: CXB)

Announced a construction and capital cost update on the Valentine Gold Mine , located in the central region of Newfoundland & Labrador, Canada.

Progress at the Valentine Mine is 64% construction complete, on track for production in Q2 2025.

 

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Calibre Mining

 

 

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Calibre Mining TSX: CXB
Stage Production, development, exploration
Metals Gold
Market cap C$1.74 Billion @ C$2.21
Location Canada, Nicaragua, USA
Website www.calibremining.com

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CALIBRE CONTINUES STRONG PROGRESS AT THE FULLY FUNDED VALENTINE GOLD MINE; CONSTRUCTION 64% COMPLETE, ENGINEERING 98% COMPLETE, OPERATIONAL LEADERSHIP HIRED, PRE-COMMISSIONING UNDERWAY, ON TRACK FOR Q2 2025 GOLD PRODUCTION

 

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May 14, 2024
View PDF

VANCOUVER, British Columbia, May 14, 2024 (GLOBE NEWSWIRE) — Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) is pleased to announce a construction and capital cost update on the Valentine Gold Mine (“Valentine” or “VGM”), located in the central region of Newfoundland & Labrador, Canada. All figures in Canadian Dollars (“C$”) unless otherwise stated.

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Darren Hall, President and Chief Executive Officer of Calibre, stated:

“I am pleased to announce that construction of our fully funded Valentine Gold Mine is 64% complete and we have progressed detailed engineering to 98% from 60%, with the later having formed the basis of the previously disclosed Marathon Gold capital estimates.

“With the first gold pour scheduled in Q2 2025, the delivery of Valentine is a paradigm shift for Calibre as we transition to a quality mid-tier gold producer unlocking significant value for all stakeholders.

“Since acquiring Valentine in January 2024 we have re-baselined the project schedule, significantly progressed detailed engineering, awarded all major contracts, connected site to permanent power, delivered critical path items including mills and motors, employed the operations leadership team, and commenced pre-commissioning and commissioning activities.

“Our project optimization and derisking efforts, combined with accelerating a portion of Phase 2 expansion capital, results in an initial capital cost of C$653 million, a C$145 million increase over Marathon Gold’s Q3 2023 update.

“With a C$279 million cost to complete as of April 30, 2024 and approximately C$400 million of cash and restricted cash, we are fully funded. In addition, the Company has substantial cash flows from operations.

“I am confident the Valentine gold property has district-scale potential, and we anticipate accelerating our exploration efforts in the near term. The Valentine Gold Mine and surrounding property offers a robust resource base and significant discovery opportunities with an extremely prospective array of exploration targets with similar geology to the prolific Val-d’Or and Timmins camps in the Abitibi gold belt.”

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Initial Capital Cost Update

  • First gold production scheduled for Q2 2025;
  • Updated initial capital cost estimate of C$653 million, an increase of C$145 million versus last reported C$508 million by Marathon Gold Corporation (“Marathon”) in Q3 2023;
  • The updated estimate is consistent with Calibre’s pre-acquisition due diligence and consists of three primary components:
    • Marathon’s Schedule and Cost Underestimation of C$70 million;
    • Calibre’s Project Optimization & Derisking of C$40 million; and
    • Calibre Advancing Operations & Phase 2 Expansion Capital of C$35 million
  • With a C$279 million cost to complete as of April 30, 2024 and approximately C$400 million of cash and restricted cash, we are fully funded. In addition, the company has substantial cash flows from operations.

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——-

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To read the full news release please click HERE

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Calibre Mining.

.



Calibre Intercepts High-grade Gold and Silver Mineralisation

Calibre Mining (TSX: CXB)

Announced drill results from its 2023 resource conversion and expansion program within its 176 km2Eastern Borosi Mine Complex located in northeastern Nicaragua, adjacent to a larger, 100%-owned, prolific 7,281 km2Atlantic Mineral Concession package.

 

 

,

Calibre Mining

 

 

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Calibre Mining TSX: CXB
Stage Production, development, exploration
Metals Gold
Market cap C$1.39 Billion @ C$1.93
Location Canada, Nicaragua, USA

 

 

CALIBRE INTERCEPTS HIGH-GRADE GOLD & SILVER MINERALIZATION FROM SEVERAL TARGETS AT ITS EASTERN BOROSI MINE COMPLEX; DRILLING INTERSECTS INCLUDE 10.81 G/T GOLD OVER 3.4 METRES, 9.64 G/T GOLD OVER 3.3 METRES, 1,431.6 G/T SILVER OVER 2.9 METRES AND 642.3 G/T SILVER OVER 5.0 METRES

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VANCOUVER, British Columbia, April 15, 2024 (GLOBE NEWSWIRE) — Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to announce drill results from its 2023 resource conversion and expansion program within its 176 km2Eastern Borosi Mine Complex (“Eastern Borosi”) located in northeastern Nicaragua, adjacent to a larger, 100%-owned, prolific 7,281 km2Atlantic Mineral Concession package.

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Gold highlights from the Eastern Borosi drill program

  • 6.87 g/t Au over 7.0 metres Estimated True Width (“ETW”) including 19.80 g/t Au over 1.1 metres ETW and 6.08 g/t Au over 3.8 metres ETW in Hole BL-23-118;
  • 5.72 g/t Au over 8.9 metres ETW including 8.21 g/t Au over 4.8 metres ETW and 7.50 g/t Au over 1.3 metres ETW in Hole BL-23-131;
  • 8.46 g/t Au over 5.8 metres ETW including 14.80 g/t Au over 2.9 metres ETW in Hole BL-23-133;
  • 7.06 g/t Au over 17.7 metres ETW including 14.70 g/t Au over 3.3 metres ETW and 12.69 g/t Au over 3.4 metres ETW and 8.92 g/t Au over 2.3 metres ETW in Hole BL-23-136;
  • 10.81 g/t Au over 3.4 metres ETW including 19.10 g/t Au over 1.8 metres ETW in Hole BL-23-143;
  • 9.64 g/t Au over 3.3 metres ETW in Hole BL-16-044; and
  • 5.77 g/t Au over 14.5 metres ETW including 14.00 g/t Au over 3.8 metres ETW and 10.00 g/t Au over 2.2 metres ETW in Hole GTH-BL-23-006.

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Darren Hall, President and Chief Executive Officer of Calibre, stated :

“These drill results at Eastern Borosi reinforce the potential for discovery and resource expansion within the 176 km2Eastern Borosi land package.

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“Moreover, the exceptionally high silver grades demonstrate further potential to capture additional value in the future.

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“During the second quarter of 2023, Calibre achieved a significant milestone as we commenced mining from our high-grade Guapinol open pit (seenews release dated April 18, 2023).

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“Today’s high-grade results, combined with the established Mineral Resource base at Eastern Borosi and the potential for mine life extension at our Guapinol operation, confirm the significant mineral endowment of the district.

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“In addition, the 7,281 km2Atlantic Mineral Concessions are at an early stage but have high potential for the discovery of both epithermal gold-silver and porphyry copper-gold mineral systems.”

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To read the full news release, please click HERE

.

Live spot metal prices can be found HERE

,

=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Calibre MIning

.

To read our full terms and conditions, please click HERE



Calibre’s Q1 Gold Production On Track To Deliver FY 2024 Guidance

Calibre Mining (TSX: CXB)

Announced the operating results for the three months ended March 31, 2024.

Since 2019 Calibre has delivered annual production growth of 28% year on year, with a track record of meeting or beating expectations.

 

 

.

Calibre Mining

 

 

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Calibre Mining TSX: CXB
Stage Production, development, exploration
Metals Gold
Market cap C$1.39 Billion @ C$1.93
Location Canada, Nicaragua, USA

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CALIBRE’S Q1 GOLD PRODUCTION ON TRACK TO DELIVER FULL YEAR 2024 GUIDANCE WHILE ADVANCING OPERATIONAL READINESS FOR H1, 2025 FIRST GOLD AT THE FULLY FUNDED VALENTINE GOLD MINE

Apr 9, 2024
View PDF
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VANCOUVER, British Columbia, April 09, 2024 (GLOBE NEWSWIRE) — Calibre Mining Corp.(TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to announce the operating results for the three months ended March 31, 2024 (all financial amounts are expressed in U.S. dollars unless otherwise indicated).

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Darren Hall, President and Chief Executive Officer of Calibre, stated:

“Consistent with H1 2024 production expectations the team delivered 61,767 ounces in Q1, with gold production H2 weighted as additional organic production sources and higher-grade zones of gold mineralization are brought into the mine plan. We remain on track to deliver full year 2024 production guidance of 275,000 – 300,000 ounces.

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“The beginning of 2024 has proven to be exciting for Calibre with the close of the acquisition of the multi-million-ounce Valentine Gold Mine (“VGM”) in Canada, a fourth consecutive year of Mineral Reserve growth and our inclusion into the Van Eck GDX Index.

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“Since becoming a gold producer during Q4, 2019, Calibre has delivered annual production growth of 28% year on year, with a track record of meeting or beating expectations.

.

“We are on a clear and concise path of delivery and growth. With an investment of more than 130,000 metres of resource expansion and discovery drilling in 2024, I am excited to see continued positive results across our entire portfolio of assets.

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“2024 and 2025 will be transformational years, driven by an increase in gold production and significant exploration across the Americas.

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“I am pleased to report the final phases of construction and operational readiness remain on track and fully funded at VGM in preparation for first gold production in H1, 2025 to unlock significant production growth and value for our shareholders.

.

“During this time of significant growth, Calibre remains committed to its pursuit of excellence in sustainability and ethical mining practices. Our efforts extend beyond regulatory compliance, focusing on continuous improvement to minimize our environmental footprint, as well as transparent and extensive community engagement to create a positive impact in the regions in which we operate.”

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Q1 2024 Highlights

  • Completed the acquisition of Marathon Gold, securing significant future growth as construction of the multi-million-ounce Valentine Gold Mine surpasses 61% complete;
  • Consolidated quarterly gold production of 61,767 ounces:
    • Nicaragua gold production of 55,007 ounces and Nevada gold production of 6,760 ounces;
  • Delivered fourth consecutive year of Mineral Reserve growth with consolidated 2023 Mineral Reserves increasing 398%, since acquisition in 2019, to 1,426,000 ounces gold (seepress release dated March 12, 2024):
    • Nicaragua Mineral Reserves increased 4%, to 1,126,000 ounces at a grade of 5.13 g/t gold;
    • Nevada Mineral Reserves increased 12% to 300,000 ounces;
  • VGM boasts a significant mineral endowment with the addition of 2.7 Moz of Reserves and 3.96 Moz of Measured and Indicated Resources (inclusive of Reserves) and 1.10 Moz of Inferred Resources.

.

To read the full news release, please click HERE

.

The Live gold price can be found HERE

,

=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author does not hold shares in Calibre Mining

.

To read our full terms and conditions, please click HERE



Orla Confirms Strong Carlin-Type Gold Mineralization

Orla Mining (TSX: OLA)

Provided an update on its exploration at the South Railroad Project including 2023 activities and 2024 work plans. This news release presents the second update.

The highlight was 51.8m @ 3.24 g/t Au (Sulphide).

 

 

.

Orla Mine Pony Creek

 

 

.

Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$1.66 billion   @ C$5.26
Location Zacatecas, Mexico + Nevada

.

Orla Confirms Strong Carlin-Type Gold Mineralization at North Bullion Deposit and Defines New Drill Targets across the South Railroad Project

51.8m @ 3.24 g/t Au (Sulphide)
42.7m @ 3.96 g/t Au, incl. 3.10m @ 21.1g/t (Sulphide)

 

.

Vancouver, BC – April 4, 2024 – Orla Mining Ltd.(TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an update on its exploration at the South Railroad Project (“South Railroad” or the “Project”) including 2023 activities and 2024 work plans. This news release presents the second of two updates and highlights Orla’s regional drilling activities at the Project.

Highlights:

  • Confirmation of strong Carlin-Type mineralization at North Bullion sulphide deposit.
  • Infill and metallurgical drilling at Jasperoid Wash near-surface oxide deposit.
  • Mineralization extensions at North Bullion and Jasperoid Wash deposits.
  • Identification of potential deposit extensions and new targets on South Railroad Project.
  • Extension of key mineralized trend with planned addition of the Pony Creek property through the acquisition of Contact Gold Corp. (“Contact Gold”).

 

.

 –Sylvain Guerard, Orla’s Senior Vice President, Exploration stated;

“Since our acquisition of the South Railroad project in August 2022, we’ve made tremendous progress in our exploration efforts on the South Carlin Trend.

 

“Recent positive drill results beyond the projected oxide open pits at Pinion and Dark Star deposits reveal significant potential for resource expansion.

 

“These new drill results, ongoing target definition efforts, and the forthcoming acquisition of the Pony Creek project, scheduled to close in the second quarter, underscore our commitment to exploration and discovery in the region.

 

“With expanded 2024 program planned, we aim to drill over 22,000 metres, with the goal of unlocking further value from this exceptional project.”

 

.

 

.

To read the full news release please click HERE

.

Live spot metal prices can be found HERE

,

=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.

To read our full terms and conditions, please click HERE



Calibre Mining Announces C$100 Million Bought Deal

Calibre Mining (TSX: CXB)

Announced  that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on bought deal basis 59,600,000 common shares of the Company, at a price of $1.68 per Common Share for gross proceeds of $100 million.

 

 

.

Calibre Mining

 

 

.

.

Calibre Mining TSX: CXB
Stage Production, development, exploration
Metals Gold
Market cap C$1.19 Billion @ C$1.55
Location Canada, Nicaragua, USA

 

 

.

Comment

I have to admit I find this financing surprising given recent statements by the company, where they have indicated that the construction of Valentine was on budget and on track.

I met with them in November and at that time there was not the slightest hint a financing was needed, and since then we have had record high gold prices, making this raise all the more disappointing.

 

 

CALIBRE MINING ANNOUNCES C$100 MILLION BOUGHT DEAL FINANCING

Mar 19, 2024
View PDF

Not for distribution to U.S. news wire services or dissemination in the United States.

.

VANCOUVER, British Columbia, March 19, 2024 (GLOBE NEWSWIRE) — Calibre Mining Corp. (TSX: CXB, OTCQX: CXBMF) (the “Company” or “Calibre”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on bought deal basis 59,600,000 common shares (the “Common Shares”) of the Company, at a price of $1.68 per Common Share for gross proceeds of $100 million (the “Offering”).

The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any.

The Offering is expected to close on or about April 16, 2024 and is subject to Calibre receiving all necessary regulatory approvals.

The net proceeds of the offering will be used (i) towards the continued development of the Company’s Valentine gold project, El Limon mine, La Libertad mine and Pan mine, (ii) to advance exploration programs; and (iii) for general corporate and working capital purposes.

.

To read the full news release, please click HERE

.

=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Calibre Mining.

.

Live spot metal prices can be found HERE

.



Calibre Delivers Fourth Consecutive Year of Reserve Growth

Calibre Mining (TSX: CXB)

Announced the results of the Company’s updated Mineral Resources and Mineral Reserves  for its Nicaragua and Nevada properties as of December 31, 2023.

Reserves have grown in both jurisdictions net of depletion since acquisition of each asset. 

 

 

.

Calibre Mining

 

 

.

Calibre Mining TSX: CXB
Stage Production, development, exploration
Metals Gold
Market cap C$1.3 Billion @ C$1.81
Location Canada, Nicaragua, USA

/

CALIBRE DELIVERS FOURTH CONSECUTIVE YEAR OF MINERAL RESERVE

GROWTH

Mar 12, 2024

Vancouver, B.C. – March 12, 2024: Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to announce the results of the Company’s updated Mineral Resources (“Resources”) and Mineral Reserves (“Reserves”) for its Nicaragua and Nevada properties as of December 31, 2023.

Reserves have grown in both jurisdictions net of depletion since acquisition of each asset.

As demonstrated by the team’s track record, Calibre continues to efficiently make new discoveries and convert discoveries into Reserves as evidenced at the VTEM gold corridor within the Limon Mine Complex which has seen year over year Reserve growth of 36%.

The VTEM corridor now contains 1.25 Mt averaging 8.25 g/t Au for 332 koz in Reserves with multiple kilometres of strike potential and an ongoing 50,000 m drill program.

 

.

Nicaragua Mineral Reserves (December 31, 2023)

Nicaragua Mineral Reserves (December 31, 2023)

Nicaragua Mineral Reserves (December 31, 2023) 

Highlights

  • Nicaragua: Increase in Reserves net of production depletion of 4% in 2023 to 1.13 Moz;
  • Nevada: Increase in Reserves net of production depletion of 12% in 2023 to 0.30 Moz;
  • Company wide significant mineral endowment of over 4.1 Moz of Reserves, 8.6 Moz of Measured and Indicated Resources (inclusive of Reserves) and 3.6 Moz of Inferred Resources;
  • Valentine Gold Mine’s significant mineral endowment of 2.7 Moz of Reserves and 3.96 Moz of Measured and Indicated Resources (inclusive of Reserves) and 1.10 Moz of Inferred Resources (further detailed in the tables below) (see news release dated January 26, 2024); and
  • >130,000 m Resource expansion and discovery drill programs underway across all assets.

 

.

Darren Hall, President and Chief Executive Officer of Calibre stated:

“I am very pleased to see another year of Reserve growth net of depletion in both operating jurisdictions.

 

“We have crystalized a significant portion of our Resources into Reserves for a record 1.42 Moz in Nicaragua and Nevada, net of record 2023 production of 283,525 ounces.

 

” Nicaragua continues to deliver with Reserves at 1.13 Moz providing a robust base from which to deliver.

 

“With our recent acquisition of the Valentine Gold Mine, our company wide consolidated Reserves stand at 4.1 Moz, a more than 10-fold increase since Q4 2019 net of 825 koz of production.

 

“Importantly Reserves have grown more 36% year over year at our emerging flagship project, the VTEM gold corridor at Limon.

 

“In Nevada we’ve grown Reserves over 50% net of production depletion since closing the acquisition in 2021.”

,

To read the full news release please click HERE

.

=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Calibre Mining.

.

Live spot metal prices can be found HERE

.



Orla Mining Drills Oxide Mineralization at South Railroad

Orla Mining (TSX: OLA)

Provided an update on its exploration activities at the South Railroad Project in H2  2023.

This news release presents the first of two updates from the 2023 infill and extension drilling, totaling seven drillholes and representing 2,508 m.

 

 

.

Orla Mine Pony Creek

 

 

.

Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$1.58 billion   @ C$5.07
Location Zacatecas, Mexico + Nevada + Panama

.

.

Orla Mining Drills Oxide Mineralization Outside Projected Open Pits at South Railroad Project in Nevada

 

Pinion: 112.7m at 0.72 g/t Au (oxide)
Dark Star: 36.6m at 3.53 g/t Au, including 19.8m at 5.23 g/t Au (oxide)

Vancouver, BC – March 7, 2024 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an update on its exploration activities at the South Railroad Project in the second half of 2023.

This news release presents the first of two updates from the 2023 infill and extension drilling, totaling seven drillholes and representing 2,508 metres.

Drilling at South Railroad in 2023 totalled 14,695 metres and additional results from other exploration targets will be shared in a subsequent update.

 

.

Highlights

  • Potential expansion of resources at Pinion and Dark Star deposits through new oxide intersections in step-out drilling:
    • Pinion: 0.72 g/t Au over 112.7 metres (oxide)
    • Dark Star: 3.53 g/t Au over 36.6 metres (oxide)
  • Successful infilling and metallurgical drilling with confirmation of modeled grade, continuity of mineralization, via infill drill program.
    • Intersection includes 2.20 g/t Au over 163.1 metres (oxide) and 2.50 g/t Au over 88.1 metres (oxide).

.

 Sylvain Guerard, Orla’s SVP Exploration stated,

“Since acquiring the South Railroad project in August 2022, Orla has made substantial progress in near-deposit exploration, satellite deposit testing, and expanding our land position along the Carlin Trend.

 

“The recent positive drill results outside the projected open pits highlight the project’s low exploration maturity and significant growth potential. ”

 

In 2024, we will focus on expanding resources at existing deposits and continuing exploration across the property, which could soon be expanded to include Pony Creek”.

 

,

2023 Pinion and Dark Star Exploration Highlights

In 2023, Orla extended oxide-hosted gold mineralization at the Pinion and Dark Star deposits, with highly positive drill intersections outside of the projected open pits.

Meanwhile, infill drill results met expectations, confirming robust oxide mineralization within projected pits, while supplying material for new metallurgical column test work to further optimize the planned development project.

.

To read the full news release, please click HERE

.

=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.

Live spot metal prices can be found HERE

.

To read our full terms and conditions, please click HERE



Orla Mining Drills Oxide Mineralization Outside Projected Open Pits

Orla Mining  (TSX: OLA; NYSE: ORLA)

Provided an update on its exploration activities at the South Railroad Project in the second half of 2023.

Drilling at South Railroad in 2023 totalled 14,695 metres and additional results from other exploration targets will be shared in a subsequent update.

 

 

.

Orla Mine Pony Creek

 

 

.

Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$1.58 billion   @ C$5.07
Location Zacatecas, Mexico + Nevada + Panama

.

Orla Mining Drills Oxide Mineralization Outside Projected Open Pits at South

Railroad Project in Nevada

.

Pinion: 112.7m at 0.72 g/t Au (oxide)
Dark Star: 36.6m at 3.53 g/t Au, including 19.8m at 5.23 g/t Au (oxide)

.

Vancouver, BC – March 7, 2024 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an update on its exploration activities at the South Railroad Project in the second half of 2023.

This news release presents the first of two updates from the 2023 infill and extension drilling, totaling seven drillholes and representing 2,508 metres.

Drilling at South Railroad in 2023 totalled 14,695 metres and additional results from other exploration targets will be shared in a subsequent update.

 

.

Highlights

  • Potential expansion of resources at Pinion and Dark Star deposits through new oxide intersections in step-out drilling:
    • Pinion: 0.72 g/t Au over 112.7 metres (oxide)
    • Dark Star: 3.53 g/t Au over 36.6 metres (oxide)
  • Successful infilling and metallurgical drilling with confirmation of modeled grade, continuity of mineralization, via infill drill program.
    • Intersection includes 2.20 g/t Au over 163.1 metres (oxide) and 2.50 g/t Au over 88.1 metres (oxide).

.

 —  Sylvain Guerard, Orla’s SVP Exploration

“Since acquiring the South Railroad project in August 2022, Orla has made substantial progress in near-deposit exploration, satellite deposit testing, and expanding our land position along the Carlin Trend.

 

“The recent positive drill results outside the projected open pits highlight the project’s low exploration maturity and significant growth potential.

 

“In 2024, we will focus on expanding resources at existing deposits and continuing exploration across the property, which could soon be expanded to include Pony Creek”.

.

2023 Pinion and Dark Star Exploration Highlights

In 2023, Orla extended oxide-hosted gold mineralization at the Pinion and Dark Star deposits, with highly positive drill intersections outside of the projected open pits.

Meanwhile, infill drill results met expectations, confirming robust oxide mineralization within projected pits, while supplying material for new metallurgical column test work to further optimize the planned development project.

.

Pinion SE Extension Drilling

At the Pinion deposit, a review of available geological data suggested gold mineralization may be continuous in the southeastern part of the deposit over the Pinion SE target area, where faulting had been previously interpreted as limiting or displacing extension of the mineralization.

To test the continuity of gold mineralization, three drill holes totaling 822 metres were completed. All three drillholes intercepted significant oxide-hosted gold mineralization, including 0.72 g/t Au over 112.7 metres (oxide) confirming the continuity of gold mineralization to the southeast without fault displacement interference.

These results, combined with historical drill intersections, indicate geological continuity and suggests gold mineralization extends to at least 350 metres outside of the projected open pit.

.

To read the full news release, please click HERE

=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Orla MIning.

.

Live spot metal prices can be found HERE

.

To read our full terms and conditions, please click HERE



Calibre Exceeds The High-End of 2023 Production Guidance

Calibre Mining (TSX: CXB)

Announced financial and operating results forQ4 2023 and year ended December 31, 2023.

Record production of 283,494 ounces, 2023 represented the fourth consecutive year exceeding guidance.

 

 

.

Calibre Mining

Calibre Mining Valentine mine construction

 

 

.

Calibre Mining TSX: CXB
Stage Production, development, exploration
Metals Gold
Market cap C$612m @ C$1.32
Location Canada, Nicaragua, USA

 

 

 

.

CALIBRE EXCEEDS THE HIGH-END OF 2023 PRODUCTION GUIDANCE, INCREASING GOLD PRODUCTION IN 2024 TO 275,000 – 300,000 OUNCES WITH SIGNIFICANT FUTURE GROWTH COMING FROM THE MULTI-MILLION OUNCE VALENTINE GOLD MINE IN CANADA

Feb 20, 2024

VANCOUVER, British Columbia, Feb. 20, 2024 (GLOBE NEWSWIRE) —Calibre Mining Corp.(TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) announces financial and operating results for the three months (“Q4 2023”) and year ended December 31, 2023 (“Full Year 2023”).

Annual Consolidated Financial Statements and the corresponding Management Discussion & Analysis for the year ended December 31, 2023 can be found at www.sedarplus.ca and the Company’s website,www.calibremining.com. All figures are expressed in U.S. dollars unless otherwise stated.

.

.

RECENT HIGHLIGHTS

.

FULL YEAR 2023 HIGHLIGHTS

  • 4thConsecutive year of production growth with gold sales of 283,525 ounces grossing $550 million in gold revenue, at an average realized gold price2of $1,942/oz;
  • Cash on hand of $86 million, a 52% increase over end of year 2022, after a C$40 million investment in Marathon Gold during Q4;
  • Consolidated Total Cash Costs (“TCC”)2of $1,071/oz; Nicaragua $1,009/oz & Nevada $1,429/oz;
  • Consolidated All-In Sustaining Costs (“AISC”)2of $1,228/oz; Nicaragua $1,134/oz & Nevada $1,479/oz;
  • Adjusted net income3of $96.7 million, or $0.21 per share;
  • Exploration success at Libertad yielded an initial Mineral Resource estimate at the Volcan Gold Deposit; and
  • Published our 2022 sustainability report, affirming our commitment to transparency and accountability, andjoined the Mining Association of Canada, strengthening our commitment to responsible mining.

 

 

.

Darren Hall, President and Chief Executive Officer of Calibre, stated:

“With record production of 283,494 ounces, 2023 represented our fourth consecutive year exceeding guidance.

.

“Throughout the year the team delivered many milestones; including bringing two new mines into production, and numerous discovery and resource exploration drill results across the portfolio.

.

“Particularly exciting is the continued high-grade expansion results along the multi-kilometre VTEM Panteon Gold Corridor within the Limon Complex.

.

“Year over year Calibre has reinvested into exploration and mine development setting up for sustainable production and growth.

.

“With production guidance of 275,000 to 300,000 ounces, 2024 marks our fifth consecutive year of increasing gold production.

.

“The recently completed acquisition of the Valentine Gold Mine in Newfoundland & Labrador is transformational as it will establish Calibre as a quality, mid-tier gold producer in the Americas.

.

“Our construction program, at the Valentine Gold Mine, remains on track with the critical SAG and Ball mills and motors, scheduled to arrive into the port of Argentia in Newfoundland & Labrador during February.”

.

To read the full News Release, please click HERE

.

=======

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Calibre Mining.

.

Live spot metal prices can be found HERE

.



Nevada King Intercepts 19.2 G/T AU Over 10.7m

Nevada King Gold (TSX-V: NKG)

Announced assay results from five reverse circulation holes located along an updated Section 22-8N(3), that were recently completed at its Atlanta Gold Mine Project located 264km northeast of Las Vegas, Nevada, in the prolific Battle Mountain Trend. 

 

 

.

Nevada King

Nevada King Atlanta Gold Mine

 

NEVADA KING INTERCEPTS 19.2 G/T AU OVER 10.7M WITHIN 6.9 G/T AU OVER 68.6M & 19.3 G/T AU OVER 3.0M WITHIN 4.9 G/T OVER 77.7M AT ATLANTA, EXPANDS NEAR SURFACE HIGH-GRADE “JEWELRY BOX” ZONE

.

.

 

Tuesday, February 6, 2024VANCOUVER, BC, February 6, 2024 – Nevada King Gold Corp. (TSX-V: NKG; OTCQX: NKGFF) (“Nevada King” or the “Company”) is pleased to announce assay results from five reverse circulation (“RC”) holes located along an updated Section 22-8N(3), initially released February 1, 2023 and updated October 30, 2023, that were recently completed at its Atlanta Gold Mine Project located 264km northeast of Las Vegas, Nevada, in the prolific Battle Mountain Trend.

.

Highlights:

Table 1. All holes released today. True mineralized thicknesses have yet to be determined for AT23NS-174, AT23NS-174A, and AT23NS-161, whereas true mineralized thickness in AT23NS-162 and 163 are estimated to be 90% to 100% of the reported intercept length. +Denotes angle hole..
  • Two of today’s holes were angle holes that were sited to follow up on the very high-grade intercept of 6.55 g/t Au and 100.8 g/t Ag over 82.3m, including 26.71 g/t Au over 12.2m encountered in angle hole AT23NS-133F, which represents the third most gold rich intercept so far recorded at Atlanta (released November 14, 2023).
  • Today’s two follow up holes succesfully crossed the same high-grade structure, intercepting 6.9 g/t Au and 93.7 g/t Ag over 68.6m including 19.2 g/t Au over 10.7m in AT23NS-174 and 4.9 g/t Au and 75.0 g/t Ag over 77.7m including 19.35 g/t Au over 3.0m in AT23NS-174A.

.

Cal Herron, Exploration Manager of Nevada King, stated,

“We chose to further pursue the high-grade intercept in AT23NS-133F largely because we could fan-drill the probable strike line with a series of shallow, steep angle holes from a single drill platform.

 

“So far, we’ve proven that the high-grade mineralization can be tracked along strike, which will enable a resource modeler to tie the high-grade intercepts together into a cohesive body.

 

“Just as important, we also now see what a high-grade feeder zone at Atlanta looks like and how it relates geologically to the surrounding rocks and structures.

 

“The whole point of drill-defining these high-grade structures is to further up-grade the resource, both in scale and confidence.

 

“The AT23NS-133F high-grade zone may be too narrow to appreciably upgrade the surrounding area, unless additional definition drilling can connect the higher grade mineralization (>5 g/t Au) eastward to the West Atlanta Fault.

 

“However, the larger areas northwest and southwest of the pit along lines 22-3N through 22-7N and 22-14N through 22-18N host considerably more potential for increasing overall grade.

 

“In both areas there is good evidence for multiple feeder zones, such as hole AT23WS-44 (11.64 g/t Au over 108.2m including 37.16 g/t Au over 29m).

 

“Going forward, Nevada King is now re-evaluating its drill intercepts within both areas and choosing discreet targets to selectively test.”

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

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Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds no shares in Nevada King Gold.

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