Tuesday, October 31, 2023

Vancouver based Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) announced a series of drill results from its 2023 resource expansion drill program within the Libertad Mine complex. High-grade gold from underground drilling, approximately 100 metres below the main Jabali resource, confirms mineralization and continuity down-dip with strong potential for resource expansion. Additionally, scout level drilling across the property has identified three new target areas located within 10 km of the Libertad mill. First pass results shown in the Figures linked below demonstrate the potential for additional, near surface gold resources.

According to the release, highlights at the Jabali Underground Mine include:

10.80 g/t Au over 14.3 metres Estimated True Width (“ETW”) including 26.72 g/t Au over 4.5 metres ETW in Hole JB-23-538A;

18.84 g/t Au over 3.1 metres ETW including 31.30 g/t Au over 1.8 metres ETW in Hole JB-23-539;

4.51 g/t Au over 3.1 metres ETW including 9.04 g/t Au over 1.5 metres ETW in Hole JB-23-540, and

8.44 g/t Au over 8.9 metres ETW including 22.08 g/t Au over 3.0 metres ETW in Hole JB-23-541

Darren Hall, President, and Chief Executive Officer of Calibre stated : “Its exciting to see high-grade gold mineralization intercepted close to the existing underground development, signaling potential expansion of the Jabali Underground Mine. Mineral Resource grades at Jabali average 4 g/t gold; with higher grades indicating the potential for significant upside at depth where the deposit remains open for expansion.

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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