Calibre Mining has declared that it has received additional results of the phase II delineation diamond drilling preformed at the Riscos de Oro epithermal project in Northeast Nicaragua.
The phase II program included 4867.2 m of drilling, totaling further 19 diamond drill holes. This program successfully extended and outlined high-grade mineralization containing silver and gold, at the project. The company has obtained the assays of all the drill holes.
According to Douglas Forster, Calibre’s Chairman, the company has completed 9494 m, totaling 37 diamond drill holes, at its Riscos de Oro project. This project has successfully defined a continuous gold-silver zone mineralization, whose length is 725 m and depth of 300 m. The mineralized zone has one to three sub-parallel vein structures that are closely spaced. The thickness of each vein structure averages between 3 and 6 m. Diamond drill program has not been conducted on the most of the Riscos de Oro trend, whose length is 7.0 km.
A regional soil survey was completed at the project in 2011. The survey included more than 1,500 soil samples, which outlined anomalous values of gold for over 3 km of strike length near the Riscos de Oro deposit. The gold-in-soil anomaly has been expanded for 4 km of strike, through a further soil sampling program. the length of the strike is seven kilometres to the southwest part, wherein previous sampling program at the El Paraiso-Murcielago’s trench encountered 93.0 g/t silver and 12.43 g/t gold over 3.0 m.
Currently, Calibre is compiling all exploration and drilling information, to complete an upgraded and comprehensive structural and geological analysis for the Riscos de Oro project.
Source: http://www.calibremining.com/