Calibre Commences Mining at its High-Grade 6.8 g/t Gold Eastern Borosi Open Pit
April 18 2023 - 6:00AM
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the
"Company" or "Calibre") is pleased to announce that mining
commenced at its 100% owned, new high-grade Eastern Borosi open pit
mine operation.
Darren Hall, President and Chief
Executive Officer of Calibre, stated: “Mining from the
Guapinol open pit at Eastern Borosi commenced on schedule and marks
another significant milestone in Calibre’s efforts to deliver on
expectations and organically grow gold production. With Eastern
Borosi open pit reserves at Guapinol of 6.8 g/t gold, we remain on
track to deliver consolidated production of 250,000 – 275,000
ounces in 2023, a 20% increase over 2022. After inclusion of this
additional high-grade ore, over one million tonnes of surplus
processing capacity remains at our Libertad mill, demonstrating the
potential for additional future growth.
“Our success in developing and mining at Eastern
Borosi is due, in large part, to our positive stakeholder
engagement and focus on sustainability, contributing to tangible
improvements in the quality of life of our host communities in the
region. To date, 43% of the population around our Eastern Borosi
operation has benefited directly from vocational training
initiatives, procurement opportunities or employment.
“As part of our 2023 exploration program,
Calibre has two rigs drilling within the 176 km2 Eastern Borosi
land package, which hosts numerous low sulphidation gold-silver
vein deposits and targets and strong potential for discovery of new
zones and expanded resources.”
ON BEHALF OF THE BOARD
"Darren Hall"
Darren Hall, President, and Chief Executive
Officer
For further information, please
contact:Ryan KingSenior Vice President,
Corporate Development & IRT: (604)
628-1012E: calibre@calibremining.comW:
www.calibremining.com
About Calibre Mining Corp.
Calibre Mining is a Canadian-listed, Americas
focused, growing mid-tier gold producer with a strong pipeline of
development and exploration opportunities across Nevada and
Washington in the USA, and Nicaragua. Calibre is focused on
delivering sustainable value for shareholders, local communities
and all stakeholders through responsible operations and a
disciplined approach to growth. With a strong balance sheet, a
proven management team, strong operating cash flow, accretive
development projects and district-scale exploration opportunities
Calibre will unlock significant value.
Cautionary Note Regarding Forward Looking
Information
This news release includes certain
"forward-looking information" and "forward-looking statements"
(collectively "forward-looking statements") within the meaning of
applicable Canadian securities legislation. All statements in this
news release that address events or developments that we expect to
occur in the future are forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
identified by words such as "expect", "plan", "anticipate",
"project", "target", "potential", "schedule", "forecast", "budget",
"estimate", "intend" or "believe" and similar expressions or their
negative connotations, or that events or conditions "will",
"would", "may", "could", "should" or "might" occur. Forward-looking
statements necessarily involve assumptions, risks, and
uncertainties, certain of which are beyond Calibre's control. For a
listing of risk factors applicable to the Company, please refer to
Calibre's annual information form (“AIF”) for the year ended
December 31, 2022, and its management discussion and analysis
(“MD&A”) for the year ended December 31, 2022, all available on
the Company’s SEDAR profile at www.sedar.com. This list is not
exhaustive of the factors that may affect Calibre’s forward-looking
statements such as potential sanctions implemented as a result of
the United States Executive Order 13851 dated October 24, 2022.
Calibre's forward-looking statements are based
on the applicable assumptions and factors management considers
reasonable as of the date hereof, based on the information
available to management at such time. Calibre does not assume any
obligation to update forward-looking statements if circumstances or
management's beliefs, expectations or opinions should change other
than as required by applicable securities laws. There can be no
assurance that forward-looking statements will prove to be
accurate, and actual results, performance or achievements could
differ materially from those expressed in, or implied by, these
forward-looking statements. Accordingly, undue reliance should not
be placed on forward-looking statements.
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