Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF) Gains on Drill Results

November 18, 2024 (Investorideas.com Newswire) Investorideas.com (www.investorideas.com), a go-to platform for big investing ideas for traders, including mining stocks reports on trading for Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF)

The stock made gains today on drill result news, currently trading at $2.2400, up 0.1000, gaining 4.67% on the TSX on volume of ove 1.4 Million shares as of this report. The stock had a day's high of $2.29.

Calibre Mining just announced 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.

Recent news release

https://ca.finance.yahoo.com/news/calibre-announces-significant-high-grade-080000415.html

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