Calibre Mining Recommences Blasting and Mining Activities at Jabali Underground Mine, Nicaragua
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Calibre Mining has recommenced blasting and mining activities at its Jabali underground mine, part of the Libertad complex.
“We appreciate the hard work and supportive engagement by the Ministry of Energy and Mines and the local community at Barrio Jabali to safely and amicably relocate households that were impacted by ground stability issues created by illegal artisanal mining. Notwithstanding the extended shut-down of Jabali, our ‘hub-and-spoke’ operating philosophy provided sufficient short-term flexibility to enable us to continue to deliver production in line with our original expectations for 2020,” said Russell Ball, chief executive officer of Calibre.
“Jabali represents an important long-term source of high-grade ore for the Libertad mill and is a key focus of our expanded drilling program. We currently have three drill rigs completing infill and step-out drilling at Jabali, which as at December 31, 2019 hosted an inferred mineral resource of 1.24 million tonnes at an average grade of 7.87 g/t Au containing 315,000 ounces of gold. We see excellent potential to upgrade inferred to indicated resources while expanding the resource along strike and down plunge,” added Ball.
About Calibre Mining Corp.
Calibre Mining is a Canadian-listed gold mining and exploration company with two 100 percent owned operating gold mines in Nicaragua. The company is focused on sustainable operating performance and a disciplined approach to growth. Since the acquisition of the Limon, Libertad gold mines and Pavon Gold Project, Calibre has proceeded to integrate its operations into a ‘hub-and-spoke’ operating philosophy whereby the Company can take advantage of reliable infrastructure, favorable transportation costs, and multiple high-grade ore sources that can be processed at either Limon or Libertad.
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