Limon: Q4 2020
Total mine production consisted of 219,428 ore tonnes at an average grade of 4.28 g/t gold. The majority of the mine production originated from the Limon Central (173,651 tonnes at an average grade of 4.51 g/t gold), the Santa Pancha underground mine (29,559 tonnes at an average grade of 3.11 g/t gold), with the remaining tonnes mined from Veta Nueva. Effective June 1, 2020, the Company considers Limon Central Phase 2 to be in commercial production and defers stripping waste material above the average life of mine waste : ore strip ratio.
Limon produced 19,006 ounces driven by an average mill grade of 5.48 g/t gold and recovery of 89.5% from 120,109 tonnes of ore milled. Gold production in Q4 2019 was 15,440 ounces, slightly lower when compared to Q4 2020, as a result of higher tonnes processed from operating for 3 months (in Q4 2020) compared to 2½ months in Q4 2019. AISC
Calibre Mining Corp.: Calibre Provides 2020 Resource Expansion and Infill Drilling Update; Significant Year-End 2020 Reserve Increase Expected
VANCOUVER, British Columbia, Feb. 23, 2021 (GLOBE NEWSWIRE)
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the Company or Calibre ) is pleased to provide an update in respect of the Company s 2020 drilling program, highlighting the new Atravesada underground zones at Limon where no current gold resource is reported. The 2020 resource expansion and infill drilling programs will lead to significant reserve increases at Limon and Libertad when the Company reports at the end of the first quarter of 2021. Calibre s 2021 exploration program is now well underway and is expected to include approximately 60,000 metres of drilling.
News Category Global Banking & Finance Reviews
Pavon Norte Open-Pit Mine Delivers Initial Mill Feed to Libertad Complex, Ahead of Schedule and Under Budget
VANCOUVER, British Columbia, Jan. 21, 2021
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) is pleased to announce that open-pit mining has commenced at Pavon Norte and that mill feed has been delivered to the Libertad complex for processing, in accordance with the Company’s “Hub-and-Spoke” operating philosophy.
Russell Ball, Chief Executive Officer of Calibre, stated: “I am extremely pleased with the team’s effort to safely deliver mill feed from Pavon Norte ahead of schedule and under budget. Pavon Norte marks a significant milestone as we look to utilize the surplus installed processing capacity at Libertad. We expect to gradually ramp-up mill feed haulage rates to approximately 1,000 tonnes per day by the end of 2021.”
Investegate announcements from Calibre Mining Corp., Pavon Norte Open-Pit Mine Delivers Initial Mill Feed to Libertad Complex, Ahead of Schedule and Under Budget
Calibre Mining Corp.: Pavon Norte Open-Pit Mine Delivers Initial Mill Feed to Libertad Complex, Ahead of Schedule and Under Budget
Ryan King
T: 604.628.1010
W: www.calibremining.com (http://www.calibremining.com)
About Calibre Mining Corp.
Calibre Mining is a Canadian-listed gold mining and exploration company with two 100%-owned operating gold mines in Nicaragua. The Company is focused on sustainable operating performance and a disciplined approach to growth. Since the acquisition of the Limon, Libertad gold mines and Pavon Gold Project, Calibre has proceeded to integrate its operations into a Hub-and-Spoke operating philosophy, whereby the Company can take advantage of reliable infrastructure, favorable transportation costs, and multiple high-grade mill feed sources that can be processed at either Limon or Libertad, which have a combined 2.7 million tonnes of annual mill throughput capacity.