Calibre Mining – Recapping High grade drill results from the Eastern Borsi Project and strong Q2 financial results
Ryan King, VP of Corporate Development at Calibre Mining (TSX:CXB – OTCQB:CXBMF) joins us for an exploration and operational update.
We start with the high grade drill results at the Eastern Borsi Project that yielded 25g/t Gold over 9.7meters and 39.21g/t Gold over 3.1meters. We discuss how this project, as well as some of the other targets that are being drilled, can be moved into the mine plan and feed the Libertad Mill, which has excess capacity available.
We then recap the Q2 financial results that generated $29.1million from operating activities. We focus on the key operational figures and the forecasts/expectations for the rest of the year.
Please email us with any further questions for Ryan. Our email addresses are Fleck@kereport.com and Shad@kereport.com.
Click here to visit the Calibre Mining website and read over the Corporate Presentation. Ryan refers the the Libratad Mill Capacity slide which is slide 19.
+1 Calibre is executing well on growing the number of satellite pits that feed into their Hub & Spoke mining strategy, continuing to increase production, they have plenty of spare capacity at their Libertad Mill to take on more deposits, and they are really drilling aggressively to expand resource and make new discoveries. 15 drill rigs turning is some serious exploration, so it will be interesting to keep following along with the company’s growth.
(CXB) (CXBMF) Calibre Announces Additional High-Grade Drill Results at the 100%-Owned Eastern Borosi Project Including 25.07 g/t Gold over 9.7 m and 39.21 g/t Gold over 3.1 m
@nasdaq on 10 Aug 2021
https://calibremining.com/news/calibre-announces-additional-high-grade-drill-resu-3417/
Here’s a nice company summary that Caliber Mining put out recently highlighting the overall strategy of the company where they are playing both their operational and exploration strengths.
I have never heard of a project with even close to 15 drill rigs, Amazing!
Earlier in the year they had about 20 drill rigs going. They are quite serious about growth through exploration of resources and mine life, but also to make new discoveries. That is what really caught my attention when first talking with Ryan, and they are hitting paydirt all over the place, so they are not just burning and churning, they are finding economical ounces to mill and process. That is the essence of what a “growth oriented producer” is that we here often mentioned on the show.
Can you imagine where this would be valued if this was just a Canadian exploration stock announcing 25.07 g/t Gold over 9.7 m and 39.21 g/t Gold over 3.1 meters and with 15 drill rigs still turning?
They are getting valued mostly on their current production metrics, which are also solid, but few are following along with how much growth they may have through the drill bit, and by bringing in the other satellite deposits.
I have had this one high on my watch list for a while. Time to place an order me thinks………………….
In Production, no debt, great management, all blue sky! Free as a bird!