Calibre Mining – Comprehensive Exploration Update From Ongoing Drill Program In Nicaragua

Ryan King, Senior VP of Corporate Development and IR at Calibre Mining (TSX.V:CXB – OTCQX:CXBMF), joins us to provide a comprehensive exploration update from their ongoing aggressive drill program in Nicaragua.


We start off reviewing the recent news on continued exploration success at a number of drill targets and new areas of focus near their Libertad processing facility, especially at the Cerro Volcan Gold Deposit, which just had news out about its initial open pit Mineral Resource Estimate five kilometers from the mill. We then pivot over to more recently announced drill results from the expansion and infill drilling program at the high-grade Atravesada underground deposit located within the Limon Mine Complex; 2 kilometers west of the Limon processing plant. These high-grade intercepts continue to demonstrate the resource expansion potential at the Limon Mine complex. Many of the exploration targets and success with the drill bit the last 2 years has been guided by the VTEM data, and what they have dubbed the “VTEM Gold Corridor.”


Drill intercept highlights at Atravesada underground include:

  • 9.67 g/t Au over 13.3 metres ETW including 15.77 g/t Au over 7.9 metres ETW in Hole LIM-22-4711
  • 15.32 g/t Au over 4.3 metres ETW including 28.71 g/t Au over 2.3 metres ETW in Hole LIM-22-4715
  • 8.94 g/t Au over 10.1 metres ETW including 22.43 g/t Au over 3.3 metres ETW in Hole LIM-22-4719
  • 7.66 g/t Au over 7.1 metres ETW including 14.55 g/t Au over 3.4 metres ETW in Hole LIM-22-4725
  • 16.30 g/t Au over 1.9 metres ETW including 30.50 g/t Au over 1.0 metres ETW in Hole LIM-22-4729
  • 6.22 g/t Au over 8.9 metres ETW including 11.07 g/t Au over 4.3 metres ETW in Hole LIM-22-4734


We wrap up having Ryan outline the larger Company strategy of not just focusing on operational grade-driven growth, but also on acquiring new exploration concessions and really focusing on making new discoveries organically. Over the last few years they have successfully proven out that their hub and spoke mining methodology, of  trucking ore from satellite deposits to their 2 producing mills, is quite economic and is working as planned.


If you have any questions for Ryan regarding Calibre Mining, then please email me at


  • In full disclosure Shad is a shareholder of Calibre Mining at the time of this recording.



Click here to see the Calibre Mining news section

    Oct 06, 2023 06:53 PM

    (CXB) (CXBMF) Calibre Delineates Another New Open Pit Gold Deposit Located 5 km From the Libertad Mill; Initial Mineral Resource Estimate at the Volcan Gold Deposit; Two Additional Gold Trends Identified Adjacent to Volcan

    18 Sep 2023

    Oct 06, 2023 06:56 PM

    Cash Is No Longer Trash & Trashy Gold TA

    Robert Sinn @Goldfinger – 6 Oct 2023

    “The net result of the Fed’s tightening cycle of the last 20 months has been to transform cash from ‘trash’ to something that is now much more valuable. By raising the ‘price of money’ the Fed has managed to reduce the value of an assortment of speculative assets, ranging from cryptocurrencies to small cap stocks, junior mining stocks, and metals like copper and silver.”

    “With many sectors of financial markets suffering enormous drawdowns since Q1 2022, those with cash to invest over the coming months will be able to negotiate investment opportunities on their terms. In most sectors, over the last two years we have transitioned from a seller’s market to a buyer’s market.”

    “To wit, Cash is King in Q4 2023.”

    “Turning to the most precious metal of them all, gold, I have seen a number of terrible technical takes over the last 24 hours. It seems that everyone and their brother views a very low RSI reading as being ‘bullish’ for gold.”

    “While it’s true that very low RSI readings can often coincide with major market bottoms. There are plenty of times when markets become very oversold, bounce a bit (RSI goes up to neutral readings), and then the market in question tumbles ever low as a dominant bearish trend takes hold. Context is key, both in life and in technical analysis…”

    Oct 06, 2023 06:32 PM

    If you didn’t read my last post I suggest you do! Picture perfect closing weekly red candle as I expected! And no there will be no follow through next week. Once again if your not buying here, your going to want to hide under a rock soon. The train is very very close.

    Next week expecting one more bearish red candle to really shake everyone out who expects it to go up after thanksgiving!

    Third week I expect takeoff