Welcome!

News Feed Item

Calibre and B2Gold Initiate Trenching Program on the Minnesota Gold-Copper Project, Borosi Concessions, Nicaragua

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/18/14 -- Calibre Mining Corp. (TSX VENTURE:CXB) (the "Company" or "Calibre") is pleased to announce results from follow-up rock and soil sampling at the Minnesota gold-copper project within the B2Gold Corp. ("B2Gold") (TSX:BTO)(NYSE MKT:BTG) Joint Venture on the Borosi concessions, northeast Nicaragua. Calibre controls a 49% interest in the joint venture and B2Gold has a 51% interest and is project operator. As announced on October 9th, 2013 Calibre has executed a Definitive Joint Venture Agreement with B2Gold that grants B2Gold the right to earn an additional 19% in the Borosi concessions joint venture by spending $6 million in additional project expenditures over three years. Each 12 months of the option B2Gold must complete a minimum $1.5 million of exploration and development expenditures on the property.

At least four new trenches totaling 400 linear metres will be excavated at prioritized locations along the Minnesota gold trend. The primary goal of the trenching program will be to expand on the mineralization observed at channel sample locations MNTR13-001 (7.5 metres grading 3.93 g/t Au) and MNTR13-002 (9.2 metres grading 4.17 g/t Au) located in the centre of the eastern 500 metre x 250 metre gold and copper soil anomaly. In addition to the trenching program the existing soil grid will be expanded to the east to follow-up on the highly anomalous soil samples collected in the recent test pits (PR13S2221 - 2.40 g/t Au).

Recent Minnesota Project Rock and Soil assay results include:

----------------------------------------------------------------------------
----------------------------------------------------------------------------
Prospect                     Sample ID        Sample Type           Au (g/t)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Minnesota                     P13R0755               Rock              28.90
----------------------------------------------------------------------------
Minnesota                     P13R0653               Rock               3.69
----------------------------------------------------------------------------
Minnesota                     P13R0828               Rock               3.08
----------------------------------------------------------------------------
Minnesota                     P13R0744               Rock               2.98
----------------------------------------------------------------------------
Minnesota                     P13R0664               Rock               2.24
----------------------------------------------------------------------------
Minnesota                     P13R0858               Rock               1.35
----------------------------------------------------------------------------
Minnesota                    PR13S2221               Soil               2.40
----------------------------------------------------------------------------
Minnesota                    PR13S2199               Soil               1.79
----------------------------------------------------------------------------
Minnesota                    PR13S2210               Soil               0.90
----------------------------------------------------------------------------
Minnesota                    PR13S2217               Soil               0.59
----------------------------------------------------------------------------
Minnesota                    PR13S2324               Soil               0.34
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
- Soil samples collected at a range of depth in 2m x 2m x 2m exploration    
test pits                                                                   

Greg Smith, President and CEO of Calibre stated: "The recent high grade rock and soil sample results from Minnesota continue to emphasize the strong nature of gold mineralization on the property. Step-out sampling and geologic mapping has identified multiple targets along the two kilometre gold trend which will be investigated by trenching. Given the encouraging results from the previous channel sampling program and the widespread nature of gold mineralization on the Minnesota project we look forward to the current trenching program expanding the potential of this gold-copper system."

Previous channel sampling assay results along the Minnesota trend include: 9.20 metres grading 4.17 g/t Au (MNTR13-002), 7.50 metres grading 3.93 g/t Au (MNTR13-001), 6.40 metres grading 5.56 g/t Au (BRTR11-044), 8.00 metres grading 6.35 g/t Au (BRTR11-047), 12.80 metres grading 1.27 g/t Au (BRTR11-057), 6.00 metres grading 2.12 g/t Au (BRTR11-054), and 4.65 metres grading 1.51 g/t Au (BRTR11-053).

The Minnesota target area consists of a favourable multi-phase intrusive centre with peripheral epithermal vein sets and widespread alteration. The target is defined by a strong 1.75 kilometre x 1.25 kilometre gold and copper soil anomaly and has considerable gold endowment as indicted by the abundant small-scale artisanal gold miners that are active in the Minnesota region.

The Minnesota gold-copper project is located 20 kilometres northwest of the Primavera gold-copper project where a B2Gold/Calibre drill program intersected significant porphyry-style gold-copper mineralization including: 261.70 metres grading 0.78 g/t Au, 0.30% Cu (PR-11-002) and 172.35 metres grading 0.48 g/t Au and 0.24% Cu (PR-12-008). The Minnesota area was selected as a high priority target during regional evaluation of the entire Borosi Joint Venture area.

Updated maps detailing the result of the current exploration program at the Minnesota Gold/Copper Project will be posted on the Company's web site at www.calibremining.com.

Quality assurance and quality control procedures include the systematic insertion of blanks, standards and duplicates into the rock and soil sample strings. Samples are placed in sealed bags and shipped directly to Acme Labs in Managua, Nicaragua for sample preparation and then to Acme Labs in Vancouver, Canada for gold fire assay and ICP-MS multi element analyses. The technical content in this news release was read and approved by Gregory Smith, P.Geo, President and CEO of the Company who is the Qualified Person as defined by NI 43-101.

About Calibre Mining Corp.

Calibre controls a 100% interest in 429 km2 of mineral concessions and additionally, Calibre has joint venture exploration programs underway with B2Gold Corp. on 322.3 km2 of concessions which include the Primavera gold-copper porphyry discovery and Alder Resources Ltd. on the 33.6 km2 Rosita gold-copper-silver project. Major shareholders of Calibre include gold producer B2Gold Corp.

Calibre Mining Corp.

Greg Smith, P.Geo., President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Calibre Mining Corp.
Ryan King
604 628-1012
www.calibremining.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
CI/CD is conceptually straightforward, yet often technically intricate to implement since it requires time and opportunities to develop intimate understanding on not only DevOps processes and operations, but likely product integrations with multiple platforms. This session intends to bridge the gap by offering an intense learning experience while witnessing the processes and operations to build from zero to a simple, yet functional CI/CD pipeline integrated with Jenkins, Github, Docker and Azure...
"We do one of the best file systems in the world. We learned how to deal with Big Data many years ago and we implemented this knowledge into our software," explained Jakub Ratajczak, Business Development Manager at MooseFS, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Today, we have more data to manage than ever. We also have better algorithms that help us access our data faster. Cloud is the driving force behind many of the data warehouse advancements we have enjoyed in recent years. But what are the best practices for storing data in the cloud for machine learning and data science applications?
The hierarchical architecture that distributes "compute" within the network specially at the edge can enable new services by harnessing emerging technologies. But Edge-Compute comes at increased cost that needs to be managed and potentially augmented by creative architecture solutions as there will always a catching-up with the capacity demands. Processing power in smartphones has enhanced YoY and there is increasingly spare compute capacity that can be potentially pooled. Uber has successfully ...
All zSystem customers have a significant new business opportunity to extend their reach to new customers and markets with new applications and services, and to improve the experience of existing customers. This can be achieved by exposing existing z assets (which have been developed over time) as APIs for accessing Systems of Record, while leveraging mobile and cloud capabilities with new Systems of Engagement applications. In this session, we will explore business drivers with new Node.js apps ...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage...
For years the world's most security-focused and distributed organizations - banks, military/defense agencies, global enterprises - have sought to adopt cloud technologies that can reduce costs, future-proof against data growth, and improve user productivity. The challenges of cloud transformation for these kinds of secure organizations have centered around data security, migration from legacy systems, and performance. In our presentation, we will discuss the notion that cloud computing, properl...
Chris Matthieu is the President & CEO of Computes, inc. He brings 30 years of experience in development and launches of disruptive technologies to create new market opportunities as well as enhance enterprise product portfolios with emerging technologies. His most recent venture was Octoblu, a cross-protocol Internet of Things (IoT) mesh network platform, acquired by Citrix. Prior to co-founding Octoblu, Chris was founder of Nodester, an open-source Node.JS PaaS which was acquired by AppFog and ...
By 2021, 500 million sensors are set to be deployed worldwide, nearly 40x as many as exist today. In order to scale fast and keep pace with industry growth, the team at Unacast turned to the public cloud to build the world's largest location data platform with optimal scalability, minimal DevOps, and maximum flexibility. Drawing from his experience with the Google Cloud Platform, VP of Engineering Andreas Heim will speak to the architecture of Unacast's platform and developer-focused processes.
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
The vast majority of businesses now use cloud services, yet many still struggle with realizing the full potential of their IT investments. In particular, small and medium-sized businesses (SMBs) lack the internal IT staff and expertise to fully move to and manage workloads in public cloud environments. Speaker Todd Schwartz will help session attendees better navigate the complex cloud market and maximize their technical investments. The SkyKick co-founder and co-CEO will share the biggest challe...
When applications are hosted on servers, they produce immense quantities of logging data. Quality engineers should verify that apps are producing log data that is existent, correct, consumable, and complete. Otherwise, apps in production are not easily monitored, have issues that are difficult to detect, and cannot be corrected quickly. Tom Chavez presents the four steps that quality engineers should include in every test plan for apps that produce log output or other machine data. Learn the ste...
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...