Calibre Mining (CXB.V) has released more drill results from its Eastern Borosi project in Nicaragua, where the company has a joint venture with IAMgold (IMG.TO, IAG). The company intercepted some very interesting high-grade but short intervals such as 1.4 meters of in excess of 3 ounces of gold per tonne as well as 7.1 meters containing 6.26 g/t including 2.4 meters of almost 18 g/t gold.
Calibre has now successfully confirmed the extension of the mineralization at depth and what’s more important, it’s starting to look like there are some very high-grade zones at depth. Drilling is ongoing and entirely funded by IAMgold, so investors can be looking forward to see some more exploration results in the near future.
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Disclosure: The author holds no position in Calibre Mining. Please see our disclaimer for current positions.
