News Brief: Calibre Mining Corp.

Tuesday, August 1, 2023

Vancouver, British Columbia based Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced additional near surface, resource expansion drill results from its 2023 program at the Pan Gold Mine, located on the prolific Battle Mountain – Eureka gold trend in Nevada.

According to the release, results at the Dynamite North and Palomino targets located immediately north and south of the current open pit operation, respectively, continue to expand zones with grades higher than Pan’s stated Mineral Resource grade of 0.4 g/t gold. These additional higher-grade results, in combination with the newly discovered Coyote target announced earlier this year , located south of the operation, continue to demonstrate the potential to increase resources, grade, and confidence around the Pan mine.

Highlights from the Palomino and Dynamite targets include:

Palomino Target

1.23 g/t Au over 38.1 metres including 2.97 g/t Au over 12.2 metres in Hole PR23-080;

0.87 g/t Au over 16.8 metres and 1.58 g/t Au over 21.3 metres including 2.56 g/t Au over 10.7 metres in Hole PR23-088;

1.13 g/t Au over 22.9 metres including 2.82 g/t Au over 4.6 metres in Hole PR23-056;

0.89 g/t Au over 54.9 metres including 1.17 g/t Au over 4.6 metres, 1.41 g/t Au over 9.1 metres and 1.19 g/t Au over 10.7 metres in Hole PR23-066;

1.26 g/t Au over 13.7 metres including 1.72 g/t Au over 9.1 metres and 1.07 g/t Au over 10.7 metres including 1.75 g/t Au over 4.6 metres in Hole PR23-076; and

0.59 g/t Au over 32.0 metres in Hole PR23-086.

Dynamite North Target

0.70 g/t Au over 18.3 metres and 0.79 g/t Au over 32 metres including 2.31 g/t Au over 6.1 metres and 1.21 g/t Au over 3.1 metres in Hole PR23-047;

0.54 g/t Au over 27.4 metres in Hole PR23-049; and

0.50 g/t Au over 91.4 metres in Hole PR23-050.

Calibre Mining is a Canadian-listed, Americas focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Nevada and Washington in the USA, and Nicaragua.

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