{"id":1188114,"date":"2020-06-03T12:33:43","date_gmt":"2020-06-03T17:33:43","guid":{"rendered":"https:\/\/www.mining.com\/?p=1026004"},"modified":"2020-06-03T12:33:43","modified_gmt":"2020-06-03T17:33:43","slug":"calibre-delivers-maiden-resource-for-panteon-shares-down","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1188114","title":{"rendered":"Calibre delivers maiden resource for Panteon, shares down"},"content":{"rendered":"

Calibre Mining (TSX: CXB) on Wednesday released<\/a> a maiden mineral resource estimate for the Panteon deposit at its Limon mine in Nicaragua.<\/p>\n

Panteon is a high-grade vein located 150 metres from the currently producing Santa Pancha underground mine. From 1965 to 1992, gold mineralization was mined along a 1,000-metre-long section of the vein system.<\/p>\n

It is estimated that the Panteon deposit currently contains 90,000 tonnes of indicated mineral resources at an average grade of 9.88\u00a0g\/t Au for 29,000 contained ounces, with an additional 303,000 tonnes of inferred mineral resources at an average grade of 6.79\u00a0g\/t Au for 66,000 contained ounces.<\/p>\n

The resource estimates are based on results from 122 diamond drill holes (72,672 metres), including 12 holes (2,265 metres) drilled by Calibre since acquiring the Limon property from B2Gold (TSX: BTO) last year<\/a>.<\/p>\n

Anticipating positive results from its initial drilling, Calibre began development towards Panteon during the first quarter from existing Santa Pancha infrastructure, completing 125 metres of horizontal development.<\/p>\n

Exploration activities will resume later this month, the company said, focusing on expansion opportunities at Panteon, the main Limon vein system and other targets in the broader Limon district. <\/p>\n

Planning is underway to mine ore from Panteon in the fourth quarter of 2020.<\/p>\n

Shares of Calibre Mining were down 2.9% on the TSX at midday Wednesday. The Vancouver-based miner has a market capitalization of approximately C$436.3 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Calibre Mining were down 2.9% on the TSX.<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[949,369],"tags":[43],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1188114"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/88"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1188114"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1188114\/revisions"}],"predecessor-version":[{"id":1188147,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1188114\/revisions\/1188147"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1188114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1188114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1188114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}