calibre1 Oct 2020 15:44
Russell Ball, Chief Executive Officer of Calibre stated: “With roughly 10% of the expected assays in hand, I am encouraged with the numerous opportunities in front of us. The drilling program has ramped up nicely and we expect to be drilling approximately 12,000 metres a month for the balance of the year.
At Panteon, we are outlining two distinct, high-grade ore shoots, including a new, bonanza grade intercept of 149.4 g/t gold over 4.8 metres. We recently transitioned from infill drilling to resource expansion drilling along strike to the southeast where the Panteon and Santa Pancha veins intersect, as well as down plunge at both high-grade ore shoots.
Over the past quarter, we have advanced development from Santa Pancha to Panteon and expect to begin mining ore from Panteon in the first quarter of 2021, which will be processed at the Libertad Complex as part of our ‘Hub-and-Spoke’ strategy to maximize value.”