10:18 AM EST - Calibre Mining Corp. : Announced initial discovery and resource expansion diamond drill results from its Valentine Gold Mine located in Newfoundland & Labrador, Canada. The program, part of the expanded 100,000 metre drilling initiative, is focused on discovering new gold mineralization beyond the known resources on the 250 km 2 property. Launched earlier this year, the drilling highlights the vast potential that exists outside of the three pit 2022 Feasibility Study i , which includes a total of 64.6 Mt grading 1.90 g/t gold containing 3.95 Moz of Measured and Indicated Resources and 20.7 Mt grading 1.65 g/t gold containing 1.10 Moz of Inferred Resources. These resources are hosted across only 8 km of the highly prospective 32 km long main Valentine Lake Shear Zone (VLSZ). Drill results include numerous intercepts with visible gold and both high grade intersections and broad zones of continuous mineralization have been identified in several holes, all of which are located outside of known mineral resources. Calibre Mining Corp.
shares T.CXB are trading off 7 cents at $2.29.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=CXB%3ACC&qmodStoryID=6155421682546899
