Calibre Mining Corp. (TSXV:CXB) announced results from follow-up rock and soil sampling completed at the Minnesota gold-copper project. Greg Smith, Calibre’s president and CEO, said the results “continue to emphasize the strong nature of gold mineralization on the property.”
Minnesota is located within the B2Gold Corp. (TSX:BTO,NYSEMKT:BTG) joint venture on the Nicaragua-based Borosi concessions; Calibre holds a 49-percent interest in the joint venture, while B2Gold holds the other 51 percent.
Smith also said:
Step-out sampling and geologic mapping has identified multiple targets along the two kilometre gold trend which will be investigated by trenching. Given the encouraging results from the previous channel sampling program and the widespread nature of gold mineralization on the Minnesota project we look forward to the current trenching program expanding the potential of this gold-copper system.
As quoted in the press release:
At least four new trenches totaling 400 linear metres will be excavated at prioritized locations along the Minnesota gold trend. The primary goal of the trenching program will be to expand on the mineralization observed at channel sample locations MNTR13-001 (7.5 metres grading 3.93 g/t Au) and MNTR13-002 (9.2 metres grading 4.17 g/t Au) located in the centre of the eastern 500 metre x 250 metre gold and copper soil anomaly. In addition to the trenching program the existing soil grid will be expanded to the east to follow-up on the highly anomalous soil samples collected in the recent test pits (PR13S2221 – 2.40 g/t Au).