Calibre Mining has reported the phase II resource delineation drill campaign results from the Riscos de Oro project, which is an epithermal gold-silver project in the Borosi Concessions, northeast Nicaragua.
The company has drilled 17 holes out of a proposed 6,000 m campaign and has obtained assay results for nine holes, totaling 2,328.4 m. These nine holes have cut mineralized formations or veins with different grades of gold and silver.
The company has intersected 13.82 g/t gold and 132.1 g/t silver over 1.80 m, 9.37 g/t gold and 64.8 g/t silver over 5.80 m in the hole RD11-019, 8.71 g/t gold and 29.87 g/t silver over 2.26 m, 4.40 g/t gold and 24.12 g/t silver over 8.64 m in the hole RD11-021, 2.65 g/t gold over 1.57 m, 7.75 g/t gold and 15.49 g/t silver over 2.35 m in hole RD11-024, 4.23 g/t gold and 449.8 g/t silver over 2.95 m in hole RD11-025, 8.74 g/t gold and 120.5 g/t silver over 2.58 m in the hole RD11-026, 5.81 g/t gold and 26.5 g/t silver over 1.50 m.
Calibre’s Chairman, Douglas Forster, commented that the company’s phase II drilling is validating the silver-gold vein system continuity in a data gap of 200 m between the previous drill testing regions and the freshly discovered area during the 2010 drilling. This resource definition drilling added a further 250 m of authenticated strike to the vein system to the southwest and northeast of the formerly drilled regions. Gold-silver mineralization was validated over 725 m of strike and 299 m of depth.
The company is continuing the phase II resource delineation drilling at the Riscos de Oro deposit. The plan of the drill campaign is to outline the high-grade epithermal silver-gold vein stockwork mineralization.
Source: http://www.calibremining.com/