Calibre press e newsletter2/25/2023 ![]() Cadillac Zone: 2.6 metres Estimated True Width (“ETW”) averaging 8.93 g/t Au and 57.4 g/t Ag between 65.6 and 69.7 metres down-hole in drill hole LS15-008 - San Cristobal Zone:5.7 metres ETW averaging 10.92 g/t Au and 859.0 g/t Ag between 87.8 and 95.9 metres down-hole in drill hole SC18-002 - Veta Loca Zone: 5.4 metres ETW averaging 10.15 g/t Au and 6.9 g/t Ag between 88.8 and 94.3 metres down-hole in drill hole GP16-046 and - La Luna South Zone: 12.7 metres ETW averaging 5.75 g/t Au and 34.3 g/t Ag between 53.0 and 68.9 metres down-hole in drill hole LL18-012. Highlights of drill results reported previously (see Calibre news releases dated September 15, 2016, Februand December 18, 2018) include: The EBP is located approximately 400 km by road from the Company’s Libertad Complex, which has surplus processing capacity of approximately 1.5 million tonnes per annum.ĭrilling completed between 20 on four earlier stage satellite targets (separate from the NI 43-101 Mineral Resources noted above) intercepted high-grade gold-silver mineralization demonstrating further exploration upside. Consideration for IAMGOLD’s 70% interest in the EBP includes (i) 2,253,961 common shares of Calibre (US$3 million), (ii) US$1 million in cash payable 12 months after the date of the acquisition agreement, and (iii) a 2.0% Net Smelter Return royalty (the “NSR Royalty”) on future production from the Property. ![]() dated May 11, 2018) totaling 4.4 million tonnes averaging 4.93 g/t Au and 80 g/t Ag, containing 700,500 ounces of gold and 11.3 million ounces of silver, including the high-grade Guapinol resource totaling 0.6 million tonnes averaging 12.7 g/t Au and 12 g/t Ag containing 250,500 ounces of gold and 243,000 ounces of silver. The EBP hosts NI 43-101 Inferred Mineral Resources (prepared by Roscoe Postle Associates Inc. ![]()
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