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Calibre Mining Corp (2)
Symbol CXB
Shares Issued 328,021,247
Close 2020-05-20 C$ 1.45
Recent Sedar Documents

Calibre drills 3.3 m of 23.46 g/t Au at Libertad

2020-05-20 07:15 ET - News Release

Mr. Russell Ball reports

CALIBRE MINING REPORTS EXPLORATION RESULTS FROM LIBERTAD AND LIMON; 2020 DRILLING METRES INCREASED BY 30%

Calibre Mining Corp. has provided an update on exploration results from the company's diamond drilling programs. Recent drilling has confirmed resource expansion potential down plunge at the Panteon deposit at Limon and at the Jabali West underground mine at Libertad. Drilling has also demonstrated positive gold grades and continuity along strike at the previously untested Tranca prospect and at the Amalia prospect, which, like Tranca, had not been drill tested prior to the current exploration program.

Exploration activities will recommence upon the restart of mining operations with an increased scope of 60,000 metres now planned, an increase of approximately 30 per cent from the previous 47,000 metres. The increased scope will increase the number of rigs drilling from six (prior to the temporary suspension) to 10 in the fourth quarter of 2020, with four scheduled at Limon, four at Libertad and two at Pavon.

Drilling at Limon continued at the Panteon and Limon Norte deposits (see news releases dated Feb. 4, 2020, and April 9, 2020). Drilling at Libertad focused on four targets: Tranca, resource expansion and delineation drilling at Jabali Central and Jabali West, and follow-up drilling at the Amalia prospect (see news release dated Feb. 11, 2020).

Highlighted drilling results are summarized below.

Jabali West underground deposit:

  • 23.46 g/t Au over a 3.3-metre estimated true width (ETW) in hole JB20-476;
  • 10.27 g/t Au over 3.9 m ETW in hole JB20-480;
  • 9.78 g/t Au over 2.1 m ETW in hole JB20-489.

Tranca gold prospect:

  • 3.92 g/t Au over 4.5 m ETW in hole TR20-009;
  • 1.62 g/t Au over 4.6 m ETW in hole TR20-002;
  • 2.09 g/t Au over 4.7 m ETW in hole TR20-003.

Amalia gold prospect:

  • 19.99 g/t Au over 1.9 m ETW in hole EZ20-007;
  • 5.24 g/t Au over 6.7 m ETW in hole EZ20-011;
  • 3.86 g/t Au over 3.1 m ETW in hole EZ20-015.

Panteon gold deposit:

  • 4.25 g/t Au over 2.1 m ETW in hole LIM-20-4429;
  • 2.08 g/t Au over 6.0 m ETW in hole LIM-20-4433.

Russell Ball, chief executive officer of Calibre, stated: "The geological setting and large land packages at Limon and Libertad continue to demonstrate excellent resource expansion and discovery opportunities. With the exploration success to date and our improved understanding of the structural setting, we are increasing the number of rigs from six in the first quarter to 10 in the fourth quarter, which will increase our initial drilling phase from 47,000 metres to 60,000 metres or approximately 30 per cent."

Jabali West underground mine

Calibre recently completed eight holes for a total of 1,320 metres of infill and stepout drilling at the Jabali West underground mine. The Jabali West inferred mineral resource currently hosts an estimated 1,243,000 tonnes averaging 7.87 g/t Au for 315,000 ounces of contained gold (see technical report filed on SEDAR titled, "The La Libertad Mine, Chontales Department, Nicaragua"). The resource remains open along strike and down plunge to the west.

Of the eight holes drilled, seven were infill holes to increase resource estimation confidence. All of these holes intercepted moderate to strong gold mineralization over ETW ranging from one to four metres in a section of the vein approximately 45 to 60 metres below the base of the Jabali Antenna open pit. One stepout hole (JB20-476) intercepted 23.46 g/t Au over 3.3 m ETW 200 vertical metres below the current Jabali Antenna open-pit resource and 25 metres down plunge from a B2Gold drill hole (JB11-254), which intercepted 2.18 g/t Au over 7.7 metres.

The combination of these two high-grade intercepts provides further confirmation that the Jabali West resource remains open down plunge. Following the restart of operations, Calibre will resume drilling at Jabali West with a focus on testing grade continuity and the potential to extend the resource more down plunge to the southwest.

Jabali Central prospect

Eight holes were completed for a total of 2,390 metres at the Jabali Central prospect, located approximately one kilometre east of the Jabali Antenna open pit. Five of the eight holes intercepted mineralization grading between 1.1 to 10.6 g/t Au over ETW ranging from 0.9 to 6.1 metres. Drill hole JB20-490 intercepted 10.6 g/t Au over 0.9 metre in the western area of Jabali Central, approximately 130 metres below the currently inactive Jabali Central open pit.

Tranca prospect

The Tranca prospect is located approximately 500 metres south of the Jabali West underground mine. Gold mineralization in the area occurs in multiple vein sets exposed over a four-kilometre trend that had not previously been drill tested.

Calibre commenced phase 1 exploration drilling in February and completed nine holes for a total of 1,056 metres along an 850-metre strike of the four-kilometre trend. Drilling to date focused on the upper 125 metres of the vein structure as it extends below surface. All nine holes intercepted mineralization ranging from 1.2 to 3.9 g/t gold over ETW ranging from 1.0 to 8.3 metres. The Tranca vein remains open in both directions along strike.

Amalia prospect

The Amalia prospect is located approximately 35 kilometres northeast of the Libertad mill. The concession encompasses approximately 84 square kilometres of near-surface gold mineralization exposed along a steeply dipping northeasterly vein trend. Calibre reported results from the first seven holes drilled in Q4 2019, which included 17.84 g/t over 7.4 metres in hole EZ19-001 (see news release dated Feb. 11, 2020).

Since resuming drilling in January, an additional 15 holes were completed for a total of 2,471 metres on the Espinoza vein structure, which is open along strike in both directions. Results to date show that the Espinoza structure hosts one, and possibly two, shallow northeasterly plunging zones of gold mineralization warranting further follow-up drilling once operations recommence.

Panteon deposit

The Panteon deposit is located approximately 150 metres west of the Santa Pancha underground mine and is a vein splay that extends north-northwest from the Santa Pancha. Calibre drilled a total of 2,625 metres in 12 holes, focusing on a 75-by-150-metre section of thickening along the vein and its potential extension at depth. Drilling to date has tested this section over a strike length of 125 metres and a vertical depth of 200 metres from surface. On April 9, 2020, Calibre announced initial high-grade drill results from Panteon, which included 17.96 g/t Au over 4.4 metres (LIM-20-4422) and 10.64 g/t Au over 4.7 metres (LIM-20-4423).

Four additional holes were drilled to further delineate the deposit and hole LIM-20-4429 intercepted 4.25 g/t Au over 2.1 metres ETW, 40 metres down plunge from previously reported LIM-20-4422 (which returned 17.96 g/t Au over 4.4 m ETW), demonstrating that the ore shoot remains open down plunge to the southeast.

The results of this drilling, combined with previous drilling data from B2Gold and predecessors, are being incorporated into a maiden mineral resource estimate for Panteon, which is expected to be announced in June, 2020.

Limon Norte deposit

Three additional holes were completed for a total of 880 metres to test the potential to extend the Limon Norte gold resource another 100 metres downdip of the currently defined resource. Calibre reported results from the first four stepout holes drilled in the fourth quarter of 2019 on Feb. 4, 2020, which included 18.65 g/t Au over 5.1 m ETW (LIM-19-4418) and 11.65 g/t Au over 5.1 m ETW (LIM-19-4417). The results to date are being evaluated to guide further exploration decisions along strike and down plunge of the Limon Norte resource. The company plans to conduct infill drilling in the second half of 2020 to improve confidence and upgrade the classification of the Limon Norte mineral resource from inferred to indicated.

Quality assurance/quality control

Calibre maintains a quality assurance/quality control (QA/QC) program for all its exploration projects using industry best practices. Key elements of the QA/QC program include verifiable chain of custody for samples, regular insertion of certified reference standards and blanks, and duplicate check assays. Drill core is halved and shipped in sealed bags to Bureau Veritas in Managua, Nicaragua, an independent analytical services provider with global certifications for quality ISO 9001:2008, environmental management ISO14001 ,and safety management OH SAS 18001 and AS4801. Prior to analysis, samples are prepared at Veritas's Managua facility and then shipped to its analytical facility in Vancouver, Canada. Gold analyses are routinely performed via fire assay/AA (atomic absorption) finish methods. For greater precision of high-grade material, samples assaying 10 g/t Au or higher are reassayed by fire assay with gravimetric finish. Analyses for silver and other elements of interest are performed via induction coupled plasma spectrometry (ICP).

Qualified person

The scientific and technical data contained in this news release have been reviewed and approved by Mark A. Petersen, PGeo, vice-president, exploration, a qualified person as defined by National Instrument 43-101.

About Calibre Mining Corp.

Calibre Mining is a Canadian-listed gold mining and exploration company with two 100-per-cent-owned operating gold mines in Nicaragua. The company is focused on sustainable operating performance and a disciplined approach to growth.

       2020 LA LIBERTAD: JABALI WEST UNDERGROUND DRILLING HIGHLIGHTS  
       
Drill hole          From      To     Interval  Estimated true width        Au
ID                   (m)     (m)          (m)                   (m)     (g/t)

JB20-481           187.1   194.8          7.6                   6.0      1.41
JB20-476           296.4   300.0          3.6                   3.3     23.46
JB20-480           100.4   104.6          4.3                   3.9     10.27
JB20-489            93.5    95.6          2.1                   2.0      9.78

             2020 LA LIBERTAD: JABALI WEST UNDERGOUND DRILL RESULTS          
   
Drill hole        From        To    Interval  Estimated true width           Au
ID                 (m)       (m)         (m)                   (m)        (g/t)

JB20-476           0.0      56.9        56.9                                 NS
                  56.9     295.2       238.3                               0.01
                 295.2     296.4         1.2                               void
                 296.4     300.0         3.6                   3.3        23.46
                 296.4     297.4         1.0                               0.70
                 297.4     298.7         1.3                              63.10
                 298.7     300.0         1.3                               0.43
                 300.0     321.0        21.0                               0.01
JB20-478           0.0      66.2        66.2                                 NS
                  66.2     124.4        58.2                               0.01
                 124.4     128.6         4.2                   4.0         2.42
                 124.4     125.3         0.9                               1.82
                 125.3     126.5         1.2                               5.30
                 126.5     128.6         2.1                               1.03
                 128.6     132.5         3.9                               0.43
                 132.5     144.8        12.3                               0.03
JB20-480           0.0      90.4        90.4                                 NS
                  90.4      98.6         8.2                               0.05
                  98.6     100.4         1.7                               0.22
                 100.4     104.6         4.3                   3.9        10.27
                 100.4     101.0         0.7                               1.84
                 101.0     103.2         2.2                              18.75
                 103.2     104.6         1.5                               1.47
                 104.6     114.3         9.7                               0.04
JB20-482           0.0      99.0        99.0                                 NS
                  99.0     113.6        14.6                               0.05
                 113.6     116.1         2.6                               0.28
                 116.1     119.2         3.0                               0.07
                 119.2     120.4         1.3                               1.04
                 120.4     125.6         5.2                               0.14
                 125.6     129.5         4.0                               0.02
JB20-484           0.0      78.1        78.1                                 NS
                  78.1      80.8         2.7                               0.20
                  80.8      83.9         3.2                               0.04
                  83.9      86.9         2.9                               1.10
                  86.9      97.5        10.7                               0.06
                  97.5     100.6         3.0                               0.97
                 100.6     102.0         1.4                                 NS
                 102.0     105.0         3.0                               0.36
                 105.0     109.7         4.8                               0.02
JB20-486           0.0      99.1        99.1                                 NS
                  99.1     107.9         8.8                               0.02
                 107.9     111.4         3.5                               0.24
                 111.4     112.4         1.0                   1.0         4.97
                 112.4     114.4         2.0                               0.02
                 114.4     118.4         4.0                               0.11
                 118.4     124.4         6.0                               0.76
                 124.4     129.9         5.5                               0.29
                 129.9     132.9         3.0                               0.06
                 132.9     133.9         1.0                               2.20
                 133.9     136.9         3.0                               0.00
JB20-487           0.0      78.5        78.5                                 NS
                  78.5      84.2         5.7                               0.06
                  84.2      85.4         1.2                               1.51
                  85.4      87.4         2.0                               0.07
                  87.4      91.4         4.0                               0.26
                  91.4      97.5         6.1                               0.06
                  97.5     102.3         4.8                   4.6         2.40
                  97.5     100.5         3.0                               0.72
                 100.5     102.3         1.8                               5.20
                 102.3     106.7         4.4                               0.03
                 106.7     108.7         2.0                                 NS
                 108.7     109.7         1.0                               0.98
                 109.7     127.7        18.0                               0.05
JB20-489           0.0      81.0        81.0                                 NS
                  81.0      93.5        12.5                               0.04
                  93.5      95.6         2.1                  2.00         9.78
                  93.5      94.6         1.1                  1.06         2.94
                  94.6      95.6         1.0                  0.96        17.30
                  99.5     111.3        11.7                 11.29         1.78
                  99.5     102.3         2.7                   2.3         0.68
                 105.2     106.7         1.5                  1.46         7.50
                 107.9     111.3         3.3                  3.23         0.53
                 111.3     117.6         6.3                               0.08
                 117.6     139.2        21.6                               0.03

              2020 LA LIBERTAD: JABALI CENTRAL DRILL RESULTS  
               
Drill hole       From      To  Interval   Estimated true width         Au
ID                (m)     (m)       (m)                    (m)      (g/t)

JB20-475          0.0   161.1     161.1                                NS
                161.1   169.1       8.0                              0.02
                169.1   210.2      41.1                                NS
                210.2   215.6       5.4                              0.15
                215.6   218.0       2.4                              0.39
                218.0   221.1       3.1                    2.5       1.12
                221.1   225.4       4.3                              0.04
JB20-477          0.0    73.2      73.2                                NS
                 73.2    74.1       0.9                              0.02
                 74.1    75.1       1.0                              1.79
                 75.1   336.5     261.4                              0.01
                336.5   342.4       5.9                              0.23
                342.4   347.6       5.2                              0.36
                347.6   350.3       2.7                    2.4       2.20
                350.3   356.5       6.2                              0.35
                356.5   364.6       8.1                              0.04
JB20-479          0.0    57.4      57.4                                NS
                 57.4    72.8      15.4                              0.04
                 72.8   177.9     105.2                                NS
                177.9   335.1     157.2                              0.01
                335.1   336.8       1.7                              0.23
                336.8   340.2       3.4                              0.70
                340.2   347.5       7.4                              0.15
                347.5   349.3       1.8                              0.72
                349.3   358.1       8.8                              0.03
JB20-481          0.0   152.3     152.3                                NS
                152.3   183.4      31.1                              0.05
                183.4   187.1       3.8                              0.46
                187.1   194.8       7.6                    6.0       1.41
                194.8   202.4       7.6                              0.21
JB20-483          0.0   237.7     237.7                                NS
                237.7   240.8       3.0                              0.00
                240.8   243.3       2.5                              0.65
                243.3   250.7       7.3                              0.31
                250.7   253.8       3.2                              0.02
JB20-485          0.0    61.5      61.5                                NS
                 61.5   323.6     262.1                              0.02
                323.6   326.8       3.3                              0.10
                326.8   333.4       6.6                              0.19
                333.4   341.3       7.9                              0.05
JB20-488          0.0   126.9     126.9                                NS
                126.9   186.8      60.0                              0.04
                186.8   189.8       3.0                              0.33
                189.8   192.8       3.0                              0.11
                192.8   194.8       2.0                    1.3       2.34
                194.8   197.8       3.0                              0.29
                197.8   212.2      14.3                              0.04
JB20-490          0.0    53.9      53.9                                NS
                 53.9    56.9       3.0                              0.13
                 56.9   266.2     209.2                              0.01
                266.2   267.3       1.1                              1.89
                267.3   325.7      58.4                              0.02
                325.7   327.7       2.0                              0.12
                327.7   332.0       4.3                              0.59
                332.0   333.1       1.0                    0.9      10.60
                333.1   338.2       5.1                              0.03

             2020 LA LIBERTAD: TRANCA DRILLING HIGHLIGHTS           
                       
Drill hole       From        To    Interval  Estimated true width         Au
ID                (m)       (m)         (m)                   (m)      (g/t)

TR20-002        161.6     171.3         9.7                   4.6       1.62
TR20-003        141.8     150.9         9.0                   4.7       2.09
TR20-005         66.8      82.8        16.0                   8.3       1.63
TR20-009        166.1     172.0         5.9                   4.5       3.92

                  2020 LA LIBERTAD: TRANCA DRILL RESULTS 
        
Drill hole        From        To    Interval    Estimated true width            Au
ID                 (m)       (m)         (m)                     (m)         (g/t)

TR20-001           0.0      37.3        37.3                                    NS
                  37.3      53.9        16.6                                  0.01
                  53.9      91.7        37.8                                  0.36
                  91.7     129.3        37.6                                  0.01
                 129.3     132.3         3.0                                  0.27
                 132.3     198.4        66.0                                  0.02
                 198.4     202.8         4.4                                  0.27
                 202.8     205.9         3.1                     2.0          1.19
                 205.9     210.3         4.5                                  0.34
                 210.3     222.5        12.2                                  0.08
                 222.5     241.4        18.9                                  0.01
TR20-002           0.0      47.5        47.5                                    NS
                  47.5      96.6        49.2                                  0.03
                  96.6      99.8         3.2                                  0.22
                  99.8     117.2        17.5                                  0.01
                 117.2     119.5         2.2                                  0.44
                 119.5     161.6        42.1                                  0.05
                 161.6     171.3         9.7                     4.6          1.62
                 161.6     164.7         3.1                                  3.18
                 164.7     171.3         6.6                                  0.89
                 171.3     175.1         3.9                                  0.57
                 175.1     183.3         8.2                                  0.07
TR20-003           0.0      18.3        18.3                                    NS
                  18.3      29.0        10.7                                  0.00
                  29.0      30.0         1.1                                  1.25
                  30.0      35.9         5.9                                  0.10
                  35.9      78.4        42.5                                    NS
                  78.4     121.9        43.6                                  0.02
                 121.9     128.3         6.4                                  0.63
                 128.3     133.1         4.8                                  0.04
                 133.1     137.2         4.0                                  0.54
                 137.2     141.8         4.7                                  0.12
                 141.8     150.9         9.0                     4.7          2.09
                 150.9     170.2        19.3                                  0.10
                 170.2     172.2         2.0                                  0.04
TR20-004           0.0      44.2        44.2                                    NS
                  44.2      57.2        13.0                                  0.05
                  57.2      68.7        11.5                                  0.84
                  68.7      81.3        12.7                                  0.41
                  81.3      84.1         2.7                                  0.06
                  84.1      86.7         2.7                     1.5          3.02
                  86.7      88.7         2.0                                  0.03
                  88.7      90.7         2.0                                  1.08
                  90.7     105.3        14.6                                  0.11
                 105.3     124.8        19.5                    11.2          0.88
                 105.3     108.3         3.0                                  0.46
                 108.3     110.0         1.7                                  2.66
                 110.0     124.8        14.8                                  0.76
                 124.8     132.8         8.0                                  0.18
                 132.8     144.8        12.0                                  0.02
TR20-005           0.0      21.6        21.6                                    NS
                  21.6      25.7         4.1                                  0.24
                  25.7      42.4        16.8                                    NS
                  42.4      45.4         3.0                                  0.20
                  45.4      57.1        11.7                                    NS
                  57.1      60.1         3.0                                  0.22
                  60.1      66.8         6.7                                  0.55
                  66.8      82.8        16.0                     8.3          1.63
                  66.8      67.8         1.0                                  5.10
                  67.8      75.8         8.0                                  1.61
                  75.8      82.8         7.0                                  1.15
                  82.8      89.8         7.0                                  0.31
                  89.8     111.9        22.2                                  0.02
TR20-006           0.0      31.7        31.7                                    NS
                  31.7      38.7         7.0                                  0.01
                  38.7      69.5        30.8                                  0.07
                  69.5      74.6         5.0                                  0.05
                  74.6      79.6         5.1                     3.7          1.72
                  74.6      75.6         1.0                                  2.23
                  75.6      78.6         3.0                                  0.16
                  78.6      79.6         1.1                                  5.60
                  79.6      83.6         4.0                                  0.12
                  83.6      89.4         5.8                                  0.36
                  89.4      92.5         3.1                                  1.34
                  92.5      99.8         7.3                                  0.01
TR20-007           0.0      53.5        53.5                                    NS
                  53.5     108.3        54.9                                  0.02
                 108.3     109.4         1.1                                  2.07
                 109.4     176.5        67.1                                  0.03
                 176.5     181.1         4.6                                  0.17
                 181.1     187.6         6.5                     3.9          1.66
                 181.1     182.1         1.0                                  4.59
                 182.1     187.6         5.5                                  1.12
                 187.6     202.7        15.1                                  0.04
TR20-008           0.0      31.2        31.2                                    NS
                  31.2      37.2         6.0                                  0.01
                  37.2      38.2         1.0                                  0.50
                  38.2      44.2         6.0                                  0.05
                  44.2      47.2         3.0                     2.2          3.27
                  47.2      48.2         1.0                                  0.25
                  48.2      67.2        19.0                                  0.01
TR20-009           0.0      46.3        46.3                                    NS
                  46.3      80.2        33.9                                  0.02
                  80.2      81.7         1.6                                  0.97
                  81.7     144.3        62.6                                  0.01
                 144.3     148.3         4.0                                  0.33
                 148.3     162.1        13.8                                  0.01
                 162.1     166.1         4.0                                  0.14
                 166.1     172.0         5.9                     4.5          3.92
                 166.1     167.1         1.0                                  16.0
                 167.1     172.0         4.9                                  1.45
                 172.0     174.0         2.0                                  0.39
                 174.0     177.0         3.0                                  0.00
 
 
                 2020 LA LIBERTAD: AMALIA DRILLING HIGHLIGHTS          
       
Drill hole         From         To   Interval  Estimated true width           Au
ID                  (m)        (m)        (m)                   (m)        (g/t)

EZ20-007           46.8       48.8        2.0                   1.9        19.99
EZ20-011           85.8       96.0       10.3                   6.7         5.24
EZ20-015          125.5      129.5        4.0                   3.1         3.86
EZ20-016           70.9       77.0        6.1                   4.6         1.97

                     2020 LA LIBERTAD: AMALIA DRILL RESULTS      
                                  
Drill hole            From         To   Interval  Estimated true width       Au
ID                     (m)        (m)        (m)                   (m)    (g/t)

EZ20-007               0.0       46.8       46.8                           0.03
                      46.8       48.8        2.0                   1.9    19.99
                      46.8       47.7        0.9                          42.50
                      47.7       48.8        1.1                           0.40
                      48.8      100.6       51.8                           0.01
EZ20-008               0.0       75.5       75.5                             NS
                      75.5       98.0       22.4                           0.02
                      98.0      100.5        2.5                  1.30     3.57
                     100.5      102.1        1.6                           0.53
                     102.1      116.8       14.7                           0.00
EZ20-009               0.0       97.5       97.5                           0.01
                      97.5      102.1        4.6                           0.33
                     102.1      103.5        1.4                   1.0     1.77
                     103.5      107.9        4.4                           0.18
                     107.9      118.9       11.0                           0.01
                     118.9      150.9       32.0                             NS
EZ20-010               0.0      129.1      129.1                           0.02
                     129.1      137.0        7.9                           0.38
                     137.0      161.5       24.5                           0.01
EZ20-011               0.0       13.1       13.1                             NS
                      13.1       60.8       47.7                           0.01
                      60.8       63.6        2.8                           0.34
                      63.6       81.3       17.8                           0.02
                      81.3       85.8        4.5                           0.32
                      85.8       96.0       10.3                   6.7     5.24
                      85.8       91.3        5.6                           1.77
                      91.3       96.0        4.7                           9.33
                      96.0       99.3        3.3                           0.09
                      99.3      144.8       45.5                           0.01
EZ20-012               5.2       47.2       42.0                           0.02
                      47.2       52.5        5.2                           0.43
                      52.5       65.5       13.1                           0.03
                      65.5       69.9        4.4                           0.12
                      69.9      109.7       39.8                           0.02
EZ20-013               0.0       39.6       39.6                             NS
                      39.6       68.6       29.0                           0.03
                      68.6       75.7        7.1                           0.16
                      75.7      126.5       50.8                           0.01
EZ20-014               0.0      112.8      112.8                           0.02
                     112.8      123.4       10.7                           0.11
                     123.4      125.5        2.0                           0.26
                     125.5      128.8        3.4                   2.1     2.27
                     128.8      131.6        2.8                           0.12
                     131.6      176.8       45.2                           0.01
EZ20-015               0.0       21.9       21.9                             NS
                      21.9      125.5      103.7                           0.01
                     125.5      129.5        4.0                   3.1     3.86
                     129.5      132.3        2.8                           1.38
                     132.3      136.6        4.3                           0.14
                     136.6      175.3       38.7                           0.02
EZ20-016               0.0       38.1       38.1                             NS
                      38.1       70.9       32.8                           0.03
                      70.9       77.0        6.1                   4.6     1.97
                      70.9       75.9        4.9                           1.16
                      75.9       77.0        1.1                           5.60
                      77.0      103.3       26.3                           0.02
EZ20-017               0.0       16.5       16.5                             NS
                      16.5       22.3        5.8                           0.05
                      22.3       94.1       71.8                             NS
                      94.1      108.2       14.1                           0.01
                     108.2      109.2        1.0                   0.8     4.80
                     109.2      124.5       15.3                           0.02
                     124.5      138.7       14.2                           0.16
                     138.7      167.6       29.0                           0.02
EZ20-018               0.0       63.7       63.7                             NS
                      63.7       85.3       21.6                           0.02
                      85.3       86.4        1.1                           0.35
                      86.4       96.8       10.4                           0.02
                      96.8       97.8        1.0                   0.8     1.01
                      97.8      146.8       49.0                           0.02
                     146.8      147.8        1.1                           0.24
                     147.8      172.9       25.0                           0.01
EZ20-019               0.0       41.0       41.0                             NS
                      41.0       56.1       15.2                           0.01
                      56.1       58.2        2.1                   1.2     2.40
                      58.2       67.4        9.3                           0.04
                      67.4       72.2        4.8                           0.15
                      72.2      233.2      161.0                           0.01
EZ20-020               0.0       20.6       20.6                             NS
                      20.6       50.6       30.0                           0.04
                      50.6       53.6        3.0                           0.24
                      53.6      178.5      125.0                           0.02
                     178.5      182.9        4.4                           0.11
                     182.9      198.7       15.8                           0.02
                     198.7      201.6        2.9                           0.44
                     201.6      217.9       16.3                           0.01
EZ20-021               0.0       17.0       17.0                             NS
                      17.0      240.8      223.8                           0.01

           2020 EL LIMON: PANTEON AND LIMON NORTE DRILLING HIGHLIGHTS   
        
Drill hole          From        To   Interval    Estimated true width          Au
ID                   (m)       (m)        (m)                     (m)       (g/t)

LIM-20-4429        123.0     125.5        2.5                     2.1        1.62
                   249.5     252.6        4.3                     2.7        4.25
LIM-20-4431        143.3     146.3        3.0                     1.6       20.86
LIM-20-4433        210.4     218.1        7.7                     6.0        2.08
LIM-20-4435         72.0      73.2        1.2                     1.1        8.20
                   142.4     152.5       10.1                     7.2        1.03
LIM-20-4430        229.8     234.8        5.0                     4.3        0.80


                         2020 EL LIMON: PANTEON DRILL RESULTS   
                  
Drill hole         From         To      Interval     Estimated true width             Au
ID                  (m)        (m)           (m)                      (m)          (g/t)

LIM-20-4429         0.0      120.0         120.0                                      NS
                  120.0       1230           3.1                                    0.05
                  123.0      125.5           2.5                      2.1           1.62
                  125.5      136.7          11.2                                    0.05
                  136.7      242.1         105.4                                      NS
                  242.1      245.1           3.0                                    0.01
                  245.1      249.5           4.3                                    0.19
                  249.5      252.6           3.1                      2.7           4.25
                  252.6      253.5           0.9                                    0.30
                  253.5      256.4           2.9                                    0.04
                  256.4      267.8          11.4                                      NS
LIM-20-4431         0.0      118.4         118.4                                      NS
                  118.4      121.3           2.9                                    0.01
                  121.3      124.5           3.3                      3.2           0.27
                  124.5      136.6          12.1                                    0.02
                  136.6      139.9           3.3                                    0.57
                  139.9      143.3           3.4                                    void
                  143.3      146.3           3.0                      1.6          20.86
                  146.3      149.4           3.0                                    0.32
                  149.4      151.3           2.0                                    0.02
                  151.3      252.5         101.2                                      NS
                  252.5      256.6           4.1                                    0.01
                  256.6      260.0           3.4                                    0.18
                  260.0      273.8          13.8                                    0.02
LIM-20-4433         0.0      124.2         124.2                                      NS
                  124.2      125.4           1.2                                    0.03
                  125.4      127.4           2.1                      2.0           0.35
                  127.4      131.6           4.2                                      NS
                  131.6      134.7           3.1                                    0.02
                  134.7      197.3          62.7                                      NS
                  197.3      210.4          13.1                                    0.04
                  210.4      218.1           7.7                      6.0           2.08
                  218.1      235.8          17.8                                    0.03
LIM-20-4435         0.0       62.0          62.0                                      NS
                   62.0       72.0          10.0                                    0.03
                   72.0       73.2           1.2                      1.1           8.20
                   73.2       76.2           3.1                                    0.10
                   76.2      126.8          50.6                                      NS
                  126.8      142.4          15.7                                    0.05
                  142.4      152.5          10.1                      7.2           1.03
                  152.5      157.7           5.3                                    0.27
                  157.7      160.3           2.6                                    0.05
                  160.3      161.4           1.1                                    2.26
                  161.4      169.6           8.2                                    0.05

                    2020 EL LIMON: LIMON NORTE DRILL RESULTS
                    
Drill hole        From        To   Interval    Estimated true width         Au
ID                 (m)       (m)        (m)                     (m)      (g/t)

LIM-20-4430        0.0     217.3      217.3                                 NS
                 217.3     220.4        3.1                               0.01
                 220.4     225.8        5.4                               0.25
                 225.8     229.8        4.0                               0.01
                 229.8     234.8        5.0                     4.3       0.80
                 234.8     239.4        4.6                               0.42
                 239.4     265.9       26.5                               0.01
LIM-20-4432        0.0     224.6      224.6                                 NS
                 224.6     226.6        2.0                               0.00
                 226.6     228.6        2.0                               0.18
                 228.6     243.3       14.7                               0.02
                 243.3     246.3        3.0                     2.9       0.61
                 246.3     270.4       24.2                               0.02
LIM-20-4434        0.0     181.3      181.3                                 NS
                 181.3     195.6       14.4                               0.03
                 195.6     199.7        4.1                               0.14
                 199.7     204.8        5.2                     4.5       0.30
                 204.8     211.9        7.1                               0.16
                 211.9     219.2        7.3                               0.01
                 219.2     232.3       13.1                               0.12
                 232.3     304.5       72.3                               0.01

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