Calibre Mining has released further drilling results from the Phase II delineation program conducted at its Riscos de Oro, which is an epithermal project containing silver and gold. This project is located in the Borosi Concession in northeastern Nicaragua.
Borosi Concession Overview - Riscos de Oro
The company has drilled 4833.25 m, totaling 19 diamond drill holes, in this phase II program. Calibre has obtained the assays from 13 holes, totaling 3158.6 m.
Calibre has intersected 0.30 g/t gold and 56.3 g/t silver over 1.00 m in hole RD11-028, 10.30 g/t gold and 56.7 g/t silver over 2.45 m, 16.30 g/t gold and 90.1 g/t silver over 1.45 m in hole RD11-029, 3.32 g/t gold and 11.2 g/t silver over 2.65 m, 6.06 g/t gold and 14.9 g/t silver over 1.10 m, 2.03 g/t gold and 12.2 g/t silver over 4.54 m, 7.25 g/t gold and 15.8 g/t silver over 1.00 m in hole RD11-031. The company did not find any significant results from the hole RD11-030.
The company has temporarily suspended the drilling program, as further assay results of the remaining holes are pending. As per the drilling plan, an epithermal and high-grade vein stockwork mineralization containing gold and silver will be outlined. This mineralization has previously returned 10.25 g/t gold and 288.25 g/t silver over 5.4 m in hole RD11-010 and 7.69 g/t gold and 211.80 g/t silver over 10.6 m in hole RD11-012.