Calibre Announces Promising Drill Results at Pan Heap Leach Gold Mine

Exploration Programs Yield High-Grade Gold Results

Vancouver, British Columbia, Aug. 27, 2024 (GLOBE NEWSWIRE) — Calibre (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) is pleased to announce additional, near surface, resource expansion drill results from its exploration programs at the Pan Heap Leach Gold Mine (“Pan”), located on the prolific Battle Mountain – Eureka gold trend in Nevada, USA.

Results at Pan continue to reveal gold grades higher than the stated Mineral Resource grade of 0.4 g/t gold. Today’s drill results across the Pan mine property demonstrate the potential to increase resources, grade, mine life, and confidence around the Pan mine.

This is exciting news for Calibre as it marks the fourth consecutive year of Mineral Reserve growth. The company’s continued success in expanding resources at the Pan mine indicates a positive outlook for the future of the project.

Effect on Me

As an investor, the promising drill results at the Pan Heap Leach Gold Mine could potentially lead to an increase in the value of my investment in Calibre. The positive exploration results suggest that the company’s mining operations are on track for future growth and success.

Effect on the World

The successful exploration programs at the Pan mine not only benefit Calibre but also have broader implications for the gold mining industry. The discovery of high-grade gold deposits could contribute to increased gold production, which could positively impact the global supply of the precious metal.

Conclusion

In conclusion, Calibre’s announcement of promising drill results at the Pan Heap Leach Gold Mine is a significant development for the company and the industry as a whole. The continued expansion of resources and high-grade gold deposits at Pan demonstrate the potential for sustainable growth and long-term success in the mining sector.