Calibre Mining up 175 per cent after drill results

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Nicaragua-focused gold junior Calibre Mining (TSX-V: CXB) ended the week up 175%  to 11 cents a share after announcing drilling results on Thursday at its Montes de Oro target in northeast Nicaragua.

The company listed the following highlights:

  • Results from extensions of Trench MTR13-009 have expanded the high grade mineralized intercept to 52.3 m grading 7.1 g/t Au.
  • Additional high grade trench results returned from recent work include; 23.0 m grading 5.25 g/t Au (MTR13-017) including 9.0 m grading 10.15 g/t Au, 16.2 m grading 4.68 g/t Au (MTR13-019) including 6.0 m grading 10.14 g/t Au.
  • At Montes de Oro, trenching has partially tested a strong coincident gold-silver-copper-lead-zinc soil anomaly extending over a 400 metre by 650 metre area which remains open to the northeast.

Image of large cigars produced in Nicaragua