Calibre Mining Corp (TSX:CXB)

Mining

Calibre Mining Corp explores, develops, and acquires gold properties in Nicaragua. It is a multi-asset gold operator that focuses on creating value for shareholders.

The Vancouver-based firm was founded in 1969 as TLC Ventures Corp. However, in 2007, it was rebranded as Calibre Mining Corp.

The asset portfolio comprises several projects such as Pavon Gold Project, Santa Rita JV, Eastern Boroso Gold-Silver Property and Rio Tinto Option Agreement.

Calibre Mining Corp explores gold deposits its producing gold mines, including:
• El Limon mine
• Pavon Gold mine
• La Libertad mine

El Limon Mine

The company got official approval through a ministerial decree in 2002 for a period of 25 years. The property is spread in 12,000 hectares in Western Nicaragua.

The project consists of four exploration permits, namely San Antonio, the Bonete-Limόn, Guanacastal III, and Guanacastal II in nearly 8,147-hectare area.

El Limόn is an open pit mine that uses traditional mining methods at the Santa Pancha underground mines. In addition, it has permit for Villanueva 2 target, which covers an area of 12,000 hectares.

The project also consists of a processing plant with 500,000 tons per annum capacity. The operations consist of carbon adsorption and agitated cyanide leaching, followed by doré production, electrowinning, and carbon elution.

La Liberated Mine

The La Libertad Mine uses conventional open-pit mining methods at San Antonio and Jabali Antenna pits. The processing plant at the site produces approximately 2.25 million tons per annum and recovers about 94 to 95 per cent gold resources.

The mineral exploration company got official grants through a ministerial decree for a period of 40 years. The project also consists of Cerro Quiroz and the Buenaventura exploitation concession in 4,600 hectares.

Pavon Gold Mine

The Pavon property is situated approximately 300 kilometers within the Natividad and Las Brisas exploration concessions. The company acquired the asset in 2019.

The company claims to have completed mine design, environmental impact assessment for Pavon Norte since acquiring it. It also transports the produce from open pit mine to the Libertad processing plant. The mining company has developed the Pavon gold project to extend the processing life of Libertad Complex.

The project reportedly represents a new gold district in the Central American country. The commercial production commenced in 2021. The probable mineral resources are estimated at 200,000 ounces of gold, the company claims.

Contact Information

company address Suite 413 - 595 Burrard Street, P.O. Box 49167 Vancouver, BC Canada V7X 1J1

company phone604-681-9944

company email[email protected]

company websitehttps://www.calibremining.com

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