Regional Exploration, Nicaragua

Calibre is advancing an exciting exploration plan to discover new gold deposits, expand near mill deposits and grow resources. Between past production and current Mineral Resources and Reserves, Limon is a +5Moz endowment. Similarly, Libertad has a +2.7Moz endowment from past production and current resources and reserves. Overall, Nicaragua's western epithermal gold belt represents a +10Moz trend and along a major regional fault, and Calibre continues to acquire key prospective mineral concessions along this prolific region.

Key Take-Aways:

  • Discovering the next multi-million-ounce gold district
  • Four new concessions (645 km2) staked along regional bold-bearing structures in Pacific Epithermal Belt
  • Buena Vista: Five known vein systems, a claim block the size of Limon
  • Building a robust pipeline of exploration projects to expand Calibre’s hub-and-spoke operating strategy potentially
  • 7,000 - km geophysical airborne survey to be completed during 2021
  • Calibre Mining largest mineral concession holder in the country
  • Large >10M oz western epithermal gold trend highly under explored
  • 2021 +10km regional-generative exploration drilling plan

Platform for Growth

  • Demonstrated new mine development: “permit to plant” in less than 18 months
  • Advanced Eastern Borosi as a “Mining Spoke” in 2023
  • New discoveries announced: Limon: Panteon & VTEM Corridor, Libertad: Volcan
  • Received the environmental approval for operation of the Volcan Gold deposit and within one month, delivered first ore to the Libertad mill, located 5km away
  • Over 100 km of exploration drilling is underway
  • 1 million tonnes of additional available annual processing capacity in Nicaragua

Current Exploration

Calibre is advancing a +100,000 metre multi-rig drill program at Limon, Libertad, Pavon and Eastern Borosi with +15 active drill rigs. Additionally, regional field crews continue to unearth new targets and build a robust pipeline of priority exploration targets all within haulage distance to the Libertad mill with surplus processing capacity.