Calibre Delivers High-Grade Ore From the Pavon Central Mine Ahead of Schedule to the Libertad Mill Averaging 1,000 Tonnes Per Day at 7.39 g/t Gold in February
15 March 2023 - 9:00PM
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the
“Company”) is pleased to announce that mining at its Pavon Central
open pit mine operation commenced in January, ahead of budget, and
averaged 1,000 tonnes per day to the Libertad Mill in February.
Darren Hall, President and Chief
Executive Officer of Calibre, stated: “I am very pleased
with the team’s efforts to safely deliver the Pavon Central mine
ahead of schedule and on budget. Pavon Central marks another
significant milestone as we leverage the surplus processing
capacity at the Libertad mill. With 1,000 tonnes per day averaging
in excess of 7g/t delivered to Libertad in February, Pavon Central
will be a significant contributor to our grade driven production
growth during 2023 and beyond.”
ON BEHALF OF THE BOARD
“Darren Hall”
Darren Hall, President & Chief Executive
Officer
For further information, please contact:
Ryan KingSenior Vice President, Corporate
Development & Investor RelationsT: 604.628.1010E:
calibre@calibremining.comW: www.calibremining.comAbout
Calibre Mining Corp.
Calibre Mining is a Canadian-listed, Americas
focused, growing mid-tier gold producer with a strong pipeline of
development and exploration opportunities across Nevada and
Washington in the USA, and Nicaragua. Calibre is focused on
delivering sustainable value for shareholders, local communities
and all stakeholders through responsible operations and a
disciplined approach to growth. With a strong balance sheet, a
proven management team, strong operating cash flow, accretive
development projects and district-scale exploration opportunities
Calibre will unlock significant value.
Cautionary Note Regarding Forward Looking
Information
This news release includes certain
"forward-looking information" and "forward-looking statements"
(collectively "forward-looking statements") within the meaning of
applicable Canadian securities legislation. All statements in this
news release that address events or developments that we expect to
occur in the future are forward-looking statements. Forward-looking
statements are statements that are not historical facts and are
identified by words such as "expect", "plan", "anticipate",
"project", "target", "potential", "schedule", "forecast", "budget",
"estimate", "intend" or "believe" and similar expressions or their
negative connotations, or that events or conditions "will",
"would", "may", "could", "should" or "might" occur. Forward-looking
statements in this news release include, but are not limited to:
the Company's expectations toward higher grades mined and processed
going forward; statements relating to the Company's 2023 priority
resource expansion opportunities; the 'Company's metal price and
cut-off grade assumptions; the Company's plans for the Pan Mine for
2023, including production and exploration and its contribution to
production growth; the Company’s expectations with respect to Pavon
Central and EBP and their respective contributions to production
growth. Forward-looking statements necessarily involve assumptions,
risks and uncertainties, certain of which are beyond Calibre's
control. For a listing of risk factors applicable to the Company,
please refer to Calibre's annual information form ("AIF") for the
year ended December 31, 2021, and its management discussion and
analysis ("MD&A") for the year ended December 31, 2022, all
available on the Company's SEDAR profile at www.sedar.com. This
list is not exhaustive of the factors that may affect Calibre's
forward-looking statements such as potential sanctions implemented
as a result of the United States Executive Order 13851 dated
October 24, 2022.
Calibre's forward-looking statements are based
on the applicable assumptions and factors management considers
reasonable as of the date hereof, based on the information
available to management at such time. Such assumptions include but
are not limited to: the Company being able to mine and process
higher grades and keep production costs relatively flat going
forward; there not being an increase in production costs as a
result of any supply chain issues or ongoing COVID-19 restrictions;
there being no adverse drop in metal price or cut-off grade at the
Company's Nevada and Nicaraguan properties. Calibre does not assume
any obligation to update forward-looking statements if
circumstances or management's beliefs, expectations or opinions
should change other than as required by applicable securities laws.
There can be no assurance that forward-looking statements will
prove to be accurate, and actual results, performance or
achievements could differ materially from those expressed in, or
implied by, these forward-looking statements. Accordingly, undue
reliance should not be placed on forward-looking statements.
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