PROLIFIC MINING DISTRICT
Nicaragua
Stable government, with a political environment favorable to mining
Previous consolidated gold production by B2Gold at the El Limon and La Libertad gold mines over 1.4 million ounces
100% owned and operated, multi-asset gold production from El Limon and La Libertad gold mines
Consolidated gold production of 140,000 – 150,000 ounces1
Extensive exploration potential at both producing gold assets
Development stage Pavon Gold Project hosts opportunity to expand known resources
Borosi District has Produced over 7.9M oz’s of gold
Operating in country for over 10 years
TEAM AND PARTNERS
Experienced, Successful
Calibre Mining Proven management with decades of mining and public company experience
Featherstone Capital, Doug Forster and Blayne Johnson have a significant history of success. Having created billions of dollars in shareholder value
Board of Directors and management extensively the Newmarket Gold team, acquiring gold production – advancing – drilling and optimizing and merging with Kirkland Lake Gold for C$1.2 Billion in 2016. Kirkland Lake has been one of the best performing stocks over the past three years and is now has a $12 Billion market capitalization
B2Gold is Calibre’s largest shareholder at 30%, management are aligned with shareholders owning over C$10 million of equity and most recently purchased over C$6.5 million of the C$105.1 million C$0.60/share financing (September 17, 2019). Mining entrepreneur Lukas Lundin holds ~4%
IAMGOLD Corporation has earned a 51.0% interest in the eastern Borosi Project, Northeast Nicaragua and can now earn an additional 19.0% for a total of 70.0% interest by spending $5 million in the Eastern Borosi Project consisting of 176 km2 within the Borosi Concessions.
EXTENSIVE EXPLORATION PORTFOLIO
District scale exploration potential at the El Limon Gold Mine with over 355km2 prospective land package
El Limon has excellent exploration targets to follow up on including El Limon Central, Limon Norte, Tigra/Chapparal with over 2.5km long strike extent all zones open down plunge
Additional targets at El Limon include Vetra Neuva, Atravesada, Pateon, Lourdes
District scale exploration potential at the La Libertad Gold Mine and surrounding concessions with over 667km2
La Libertad has excellent near mine discovery and expansion potential; calibre has prioritized exploration targets to include; currently producing zones open to depth and along strike Mojon, San Juan, San Diego, Jabali Antenna Open Pit and Under Ground
Additional advanced targets include; Buenos Aires, Cosmatillo, Volcan Main and East, Tope Norte, Amalia – regional
Pavon Gold Project with over 31km2 of exploration potential open along strike and down plunge of existing gold resources
Calibre and its partners control over 876 km2 of underexplored project area in the region
Borosi District has Produced over 7.9M oz’s of gold
Joint Venture with IAMGOLD - 2018 Drilling Expands two Gold-Silver Discoveries intersecting 7.45 metres grading 9.73 g/t AuEq and 4.10 metres grading 10.52 AuEq on the Eastern Borosi Project, Northeast Nicaragua
Santa Maria Gold-Silver-Copper Discovery Drill holes: 4.95 m grading 1.51 g/t Au, 24.7 g/t Ag and 1.72% Cu, 5.85 m grading 7.50 AuEq g/t (2.02 g/t Au, 58.6 Ag, 3.46 % Cu)
100% owned Primavera Gold-Copper Project; Porphyry gold/copper discovery - Discovery drill hole PR-11-02: 261.7 m grading 0.78 g/t Au, 0.30% Cu
100% owned Minnesota Gold Project; Intrusive Hosted Gold discovery - Discovery Trench: 109.6 m grading 1.58 g/t Au Partnered with IAMGOLD - Eastern Borosi Gold-Silver Project; Low Sulphidation Gold-Silver discoveries - Discovery Drill Holes: Guapinol; 6.03 m grading 14.39 g/t Au and 14.5 g/t Ag and , Blag; 2.60 m grading 9.01 g/t Au and 949.1 g/t Ag and , La Sorpresa; 4.10 m grading 8.93 g/t Au and 57.4 g/t Ag
Northern Siuna Project; Structurally controlled Skarn Gold discovery – Montes de Oro Discovery Trench: 52.3 m grading 7.07 g/t Au and 1.23 % Zn
La Luz Project; Cerro Aeropuerto Deposit with 2016 drill hole intersecting 53.7 m grading 10.47 g/t Au
Footnotes
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