Source:
| Company | Interest | Ownership |
|
Triton Minera S.A.
(operator)
|
100 %
|
Direct
|
|
Calibre Mining Corp.
|
100 %
|
Indirect
|
Oct. 15, 2019 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX-V: CXB) (the “Company” or “Calibre”) is pleased to announce the closing of the transaction with B2Gold Corp. (“B2Gold”) pursuant to which Calibre has acquired B2Gold’s interest in the El Limon and La Libertad gold mines, the Pavon gold project and additional mineral concessions in Nicaragua for aggregate consideration of US$100 million, which was paid with a combination of cash, common shares, a convertible debenture and a US$10,000,000 cash payment, or at the option of B2Gold, a portion in common shares of Calibre, which will be payable one year from the date of closing (the “Transaction”).
Deposit Type
- Epithermal
- Vein / narrow vein
Summary:
Gold mineralization in the Limón district is associated with quartz-adularia vein systems classified as low sulphidation epithermal deposits. These deposits were formed at relatively shallow depth, typically from just below the surface to a little over one kilometre deep, from reduced, neutral-pH hydrothermal fluids with temperatures of <150o C to 300o C. The volcano-plutonic arc of western Nicaragua is a common tectonic setting for these deposits.
Mining Methods
- Truck & Shovel / Loader
- Longhole stoping
Summary:
Most of Limon’s Mineral Resources and Mineral Reserves are located on the Santa Pancha structure, which is currently mined by long-hole stope underground mining methods. Access to mining areas is by a ramp system that branches at the 90-metre level into north and central ramps. The deepest level of the mine is at approximately 170 metres below surface. Two raises support the mine ventilation system with one of them serving as an emergency escape way. Dewatering is a critical component of mining at Santa Pancha and pumps are currently working in two of the existing shafts to ensure that safe water levels are maintained below the deepest workings. Continued deep development in Santa Pancha and improvements in this dewatering system represent a significant portion of the capital estimate for the next few years.
Processing Technologies
- Agitated tank leaching
- Carbon in pulp (CIP)
- Cyanide (reagent)
Summary:
The Limon Mine mill is a nominal 1,000 tonnes per day agitated leach/CIP gold recovery plant.
Recoveries & Grades:
| Commodity | Parameter | 2018 | 2017 | 2016 | 2015 | 2014 |
|
Gold
|
Recovery Rate, %
| 94.9 | 94.1 | 94.1 | 94.1 | 91.6 |
|
Gold
|
Head Grade, g/t
| ......  | ...... | ...... | ...... | ...... |
- Subscription is required.
Reserves at December 31, 2018:
| Category | Tonnage | Commodity | Grade | Contained Metal |
|
Probable
|
600 kt
|
Gold
|
3.97 g/t
|
70 koz
|
|
Indicated
|
11,700 kt
|
Gold
|
2.4 g/t
|
910 koz
|
|
Inferred
|
5,600 kt
|
Gold
|
553 g/t
|
1,000 koz
|
Corporate Filings & Presentations:
| Document | Year |
|
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2019
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2018
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2018
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2017
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2017
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2017
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2016
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2016
|
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Annual Information Form
|
2015
|
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Management Discussion & Analysis
|
2015
|
- Subscription is required.
News:
| News | Date |
|
B2Gold Announces Early Warning Report Filed Pursuant to National Instrument 62-103
|
November 26, 2019
|
|
Calibre Mining Reports Results from B2Gold Drilling Program at El Limon; Vein System Now Extends Over 2.5 Kilometres
|
October 31, 2019
|
|
Calibre Mining Completes Acquisition of El Limon and La Libertad Gold Mines From B2Gold
|
October 15, 2019
|
|
Calibre Mining Closes Second Tranche of Over-Subscribed Equity Financing Totaling CDN$105.1 Million
|
October 1, 2019
|
|
Calibre Provides Update on Transaction With B2Gold
|
August 29, 2019
|
|
Calibre Mining Provides Update on the Transaction With B2Gold
|
August 1, 2019
|
|
B2Gold Reports Record 2018 Annual Gold Production of 953,504 Oz & Gold Revenues of $1.2 B
|
January 16, 2019
|
|
B2Gold Corp. Announces Positive Results from the Expansion Study at El Limon Mine in Nicaragua
|
October 22, 2018
|
|
B2Gold Announces Positive Initial Open-pit Resource at the Newly-discovered El Limon Central Zone, Nicaragua
|
February 23, 2018
|
Aerial view:
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