Calibre Mining Starts Ore Delivery to Libertad Mill
- Calibre Mining Corp. has successfully delivered its first ore from the Volcan Deposit to the Libertad Mill.
- The Volcan Deposit is located just 5 km south of the mill, indicating a close operational proximity.
- This milestone is part of Calibre's ongoing efforts to enhance its mining operations in the region.
VANCOUVER, British Columbia, Aug. 08, 2024 (GLOBE NEWSWIRE) – Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has announced the successful delivery of its first ore to the Libertad Mill from the newly acquired Volcan Deposit, located just 5 kilometers south of the mill. This milestone is expected to significantly enhance the company’s production capabilities in the latter half of 2024. Darren Hall, President and CEO of Calibre, expressed satisfaction with the swift progress at the Volcan open pit, noting that the first ore was delivered within a month of obtaining environmental permits. The initial open pit resource is projected to average 2.0 grams per tonne of gold, which is anticipated to bolster the company’s production targets of 275,000 to 300,000 ounces for the year. Calibre Mining Corp. is recognized as a mid-tier gold producer focused on the Americas, with a robust portfolio of development and exploration projects across regions including Newfoundland & Labrador, Nevada, Washington, and Nicaragua. The company is committed to advancing its resource expansion opportunities as part of its growth strategy. The announcement also included a caution regarding forward-looking statements, emphasizing that these projections are based on management’s current beliefs and assumptions. The company has outlined potential risk factors that could impact its future performance, including regulatory challenges stemming from U.S. sanctions. For further details, stakeholders are encouraged to review Calibre’s annual information form and management discussion available on SEDAR+.