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Calibre currently has four core rigs that are actively exploring at Limon.Ģ021 Mineral Reserves at the Limon Complex totaled 529,000 ounces of gold, net of 2021 production. Calibre’s exploration focus at Limon during the coming year will target additional high grade vein shoots identified along strike of the productive Panteon, Limon and Talaveras vein systems as well as newly recognized vein trends in less explored areas of the district. The Limon mineral concessions have produced over 3.6 million 1 ounces historically and continue delivering reliable production while new opportunities for resource discovery and expansion continue to be identified. Mineral Reserves and Resources StatementsĪll notes with parameters are at the end of the press releaseĬonsolidated Mineral Reserves and Resources – December 31, 2021 High-grade, resource expansion opportunities at the newly discovered Volcan vein trend, Tranca, Panteon Northeast, Talavera extension and EBP ( see 2022 Targets news release) Īdvance the newly approved Buena Vista concession, located near the Limon mine complex (referred to herein as “Limon” and the “El Limon Complex”) where multiple prospective gold vein trends have been identified through surface field reconnaissance work andġ0,000-line km airborne geophysical survey to identify new areas of prospective gold mineralization concealed beneath surface cover. New 2021 high-grade Volcan discovery ( not included in 2021 Mineral Resource estimate), high-grade drill results announced in Novemincluding 15.6 g/t Gold over 4.9 metres ( see news release here) New 2022 Priority Resource Expansion Opportunities:ĭrill programs have been designed to focus on targets with the potential for discovery of 250,000 ounce or greater sized gold deposits to further bolster the Company’s project pipeline Our 85 kilometre 2022 drilling program is underway with 11 rigs in operation focused on discovery and Mineral Resource expansion as we continue to realize value from the prospective and under-explored potential our Nicaraguan portfolio has to offer.” A chart accompanying this announcement is available at ĭarren Hall, President and Chief Executive Officer of Calibre stated: “In the two years since acquiring our Nicaraguan assets Calibre’s commitment to exploration has grown reserves from 286,000 to 1,013,000 ounces gold after producing 353,000 ounces, establishing an excellent foundation for future growth.Īs a result of continued mineral reserve growth, mine sequencing and generation of resource discovery and expansion the Company anticipates a trend toward higher grades mined and processed going forward, increasing overall annual production in 20 while overall volumed mined remains flat leading to lower per ounce costs.