Calibre Mining – 2023 Exploration Strategy Continuing The Organic Grade-Driven Growth Of Resources In Nicaragua And Nevada

Shad Marquitz
February 16, 2023

Ryan King, VP of Corporate Development and IR at Calibre Mining (TSX: CXB – OTCQX: CXBMF), joins us to review 2023 exploration strategy which is continuing organically-funded grade-driven growth of the resources in both Nicaragua And Nevada.  


Calibre Mining now has the largest Nicaraguan Mineral Reserve estimate, at a record grade of 5.37 g/t gold, which is a 16% increase, over the 2021 average grade of 4.62 g/t gold.  There has also been a 278% increase in the Nicaraguan Mineral Reserves to approximately 1,082,000 ounces gold, net of depletion since acquisition in 2019.  We discussed the 2 key areas of development and near-term production will be coming from Eastern Borosi and Pavon Central, both continuing to add higher grade throughput through the Libertad Mill. There is also aggressive ongoing exploration focused on prior high-grade drill results from Panteon North, new zones around the Libertad Mill, Veta Azul, Volcan, and also new targets at Buena Vista and La Fortuna.


We wrap up by transitioning over to the Nevada assets, and all the ongoing exploration work the company has underway around both the Pan Mine area and at the development-stage Gold Rock Project.  The exploration team is encouraged by recent drill results stepping out from the known mineralization and finding higher grade gold intercepts at the Coyote target, as well as stepping out from the Pan Mine area.  There are also some targets on drilling some deeper ‘Carlin Style’, sulfide mineralization at Gold Rock Deep.


If you have any follow up questions for Ryan on Calibre Mining, then please email us at or


  • In full disclosure, Shad is a shareholder of Calibre Mining.



1 Comment
    Feb 16, 2023 16:57 PM

    Precious Metals Approach Important Support After February Drubbing

    by @Goldfinger on 16 Feb 2023

    “The precious metals rally from early November through the end of January was impressive and largely unexpected by most investors. After all, gold made a more than 20% move higher in the space of less than three months. As one would expect silver had an even larger rise, nearly doubling gold’s move on a percentage basis. What made the Q4 2022 move in precious metals all the more impressive is that this move took place at a time when most investors were bullish on the US dollar and a 2023 recession was all but a certainty according to most economists.”

    “Since peaking a few weeks ago we’ve seen what I would call a standard correction in precious metals and major mining stocks/ETFs…”