Calibre Announces Significant High-Grade Mineralization at Limon Which Is Expected to Have a Positive Impact on Its Mineral Resources By Investing.com

VANCOUVER, British Columbia, Nov. 18, 2024 (GLOBE NEWSWIRE) — Calibre Mining Corp (TSX:). (TSX: CXB; OTCQX: CXBMF) (the Company or Calibre) is pleased to announce additional high-grade drill results from the Company’s 2024 exploration program within the Limon Mine Complex (Limon), in Nicaragua. Today’s results are located across the prolific Limon property ranging from the VTEM Gold Corridor, proximal to the main Limon Norte open pit, and to the west side of the Talavera gold zone, an area with no Mineral Resource.

Additional gold highlights (click here for plan map) from the 2024 Limon exploration program include:

The past producing underground Talavera gold zone:

• 12.57 g/t Au over 7.1 metres Estimated True Width (ETW) including 26.65 g/t Au over 3.3 metres ETW and4.29 g/t Au over 35.2 metres ETW, and 3.24 g/t Au over 11.76 metres in Hole LIM-24-4979;
• See News Release dated September 10, 2024, for additional Talavera drill results; and
• The past producing Talavera deposit west extension demonstrates 750 metres of strike extent beyond historic workings with drilling expected to positively impact Calibre’s year end 2024 Mineral Resource estimate with the declaration of a maiden Talavera Mineral Resource.

VTEM Gold Corridor:

• 12.96 g/t Au over 19.9 metres ETW and 10.59 g/t Au over 13.5 metres ETW and 9.97 g/t Au over 6.9 metres ETW in Hole LIM-24-4969;
• Hole LIM-24-4969 discovered a new structure located 35 metres below surface, open for expansion in all directions;
• 5.39 g/t Au over 6.4 metres ETW in Hole LIM-24-4975;
• 14.64 g/t Au over 7.5 metres ETW including 31.88 g/t Au over 3.2 metres ETW in Hole LIM-24-4956;
• 23.36 g/t Au over 2.5 metres ETW including 29.84 g/t Au over 1.8 metres ETW in Hole LIM-24-4978;
• 6.78 g/t Au over 9.3 metres ETW including 17.32 g/t Au over 5.6 metres ETW in Hole LIM-24-4951;
• 16.34 g/t Au over 1.1 metres ETW including 25.65 g/t Au over 0.6 metres ETW in Hole LIM-24-4984;
• 8.59 g/t Au over 2.4 metres ETW in Hole LIM-24-4893;
• 5.67 g/t Au over 3.6 metres ETW including 8.96 g/t Au over 2.1 metres ETW in Hole LIM-24-4971;
• 25.50 g/t Au over 2.1 metres ETW in Hole LIM-24-4977;
• 4.64 g/t Au over 5.7 metres ETW including 13.55 g/t Au over 1.2 metres ETW in Hole LIM-24-5018; and
• 7.63 g/t Au over 2.0 metres ETW in Hole LIM-24-5012.

Limon Norte Open Pit (infill drilling)

• 14.22 g/t Au over 37.0 metres ETW including 66.14 g/t Au over 6.6 metres ETW in Hole LIM-24-4960; and
• 6.55 g/t Au over 10.0 metres ETW including 11.84 g/t Au over 5.2 metres ETW in Hole LIM-24-4957.

Note: Estimated True Widths reported…