Calibre Mining – More High-Grade Drill Results Returned from the Jabali Underground Drilling And Nearby Scout Drilling

Shad Marquitz
November 5, 2023

Ryan King, Senior VP of Corporate Development and IR at Calibre Mining (TSX.V:CXB – OTCQX:CXBMF), joins us to provide an exploration update on a series of high-grade drill results from its 2023 resource expansion drill program within and nearby the Libertad Mine complex in Nicaragua.  Mineral Resource grades at Jabali average 4 g/t gold so these higher-grade drill results at depth from underground drilling, approximately 100 meters below the main Jabali resource, confirms mineralization and continuity down-dip with strong potential for resource expansion.


Highlights at the Jabali Underground Mine include:


  • 10.80 g/t Au over 14.3 metres Estimated True Width (ETW) including 26.72 g/t Au over 4.5 metres ETW in Hole JB-23-538A
  • 18.84 g/t Au over 3.1 metres ETW including 31.30 g/t Au over 1.8 metres ETW in Hole JB-23-539
  • 4.51 g/t Au over 3.1 metres ETW including 9.04 g/t Au over 1.5 metres ETW in Hole JB-23-540
  • 8.44 g/t Au over 8.9 metres ETW including 22.08 g/t Au over 3.0 metres ETW in Hole JB-23-541


Some of the new areas of focus Ryan highlighted are near their Libertad processing facility, and we reviewed the continued exploration success at a number of scout drill targets along the same trend as the recently announced Cerro Volcan Gold Deposit open pit resource. These results demonstrate the strong potential to  continue expanding resources and to discover new zones. Scout level drilling across the property has identified three new target areas located within 10 km of the Libertad mill at the Calvario, Salvadorita, Mestiza vein systems. 


Highlights from the scout level drill program include:


  • 14.39 g/t Au over 2.3 metres ETW including 48.91 g/t Au over 1.2 metres ETW in Hole CV-23-022;
  • 32.84 g/t Au over 2.1 metres ETW in Hole CV-23-032;
  • 17.40 g/t Au over 1.2 metres ETW in Hole CV-23-023;
  • 156.7 g/t Au over 0.44 metres ETW in Hole SAL-23-004;
  • 9.65 g/t Au over 2.1 metres ETW including 20.00 g/t Au over 0.8 metres ETW in Hole VN-23-137;


Additionally, we pivoted 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.”   This all ties into the continued theme from the exploration work at Calibre Mining of grade-driven growth.


If you have any questions for Ryan regarding Calibre Mining, then please email us at either or


  • 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

    Nov 05, 2023 05:51 AM

    Calibre Mining is on this list of the highest-grade drill intercepts of the week from the entire gold sector.

    Also of note is that Goliath Resources, Scottie Resources, and Lion One are also on this list for the best gold drill intercepts of the week, and that we did interviews following up on these with all 4 companies over the last week here at the KE Report. We are doing our best to bring our audience content with the companies doing the solid exploration work in the sector.

      Nov 05, 2023 05:09 PM

      You KER guys are discovering a lot of gold.

        Nov 05, 2023 05:17 PM

        Haha! I wish we were Terry. 🙂

        For full disclosure: All 4 companies noted above with some of the best gold drill intercepts of last week are sponsors of the KE Report, and I have positions in all 4 companies, so I’m obviously biased…. but the drill results and quality of their exploration teams speak for themselves.

    Nov 05, 2023 05:06 PM

    I bought some more Dolly Varden back in about the second week of October at the same time I also bought a whack of Bayhorse Silver. My Dolly Varden is up 5% but my Bayhorse Silver is up 67%. I mentioned at the time that I was testing the waters to see which one would outperform. This is not investment advice, but I do see the herd starting to show up and these very tiny micro caps (BHS) are not for sensible folks but seasoned traders. DT

      Nov 05, 2023 05:36 PM

      Congrats on the good trading DT. Very happy the thesis played out well for you in DV and BHS.

      As always, wishing folks here prosperity in finances and in life.

      Ever Upward!