Calibre Pours Its 1 Millionth Ounce of Gold in Nicaragua and Declares an Initial Mineral Resource at Talavera Located 3 Kilometres from the Limon Mill

VANCOUVER, British Columbia, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the "Company" or "Calibre"), a growing mid-tier gold producer, is pleased to announce a maiden Mineral Resource estimate for its 100% owned Talavera Gold Deposit (“Talavera”), which has, historically, produced 800,000 ounces gold and is located 3 kilometres from the Limon mill. The Mineral Resource, which will be included in the Company’s 2024 year-end Mineral Resource statement, includes 3,847,000 tonnes of Inferred Mineral Resource averaging 5.09 g/t gold, yielding 630,000 ounces of gold. The extension of the historical mine, and discovery of several parallel sub vertically dipping veins has led to the delineation of this new resource. Talavera represents another opportunity across the prolific Limon property given its proximity to the processing facility. Recent drilling at Talavera (see news release dated November 18, 2024) continues to intersect high grade gold mineralization approximately 750 metres to the west of the past producing Talavera underground mine and the resource remains open to the west, reaffirming the discovery and resource expansion potential of the deposit. (see figures here)

Read more at globenewswire.com