TABLE 1 – PAVON RESERVE ESTIMATE (DECEMBER 31, 2020) 2 Classification Underpins potential for low-cost organic production growth.Significant surplus capacity at the Libertad mill.Additional resources outside of the reserve mine plan offer potential to extend mine life.Step out drilling underway to expand gold resources along strike and down dip.
Reserves consider no new drill data after December 2015. Hall continued, “Given our recent success at Pavon, drilling and technical studies have commenced at the Eastern Borosi Project, which we are progressing to be our next high-grade satellite mine.” Pavon mineralization is open at depth, and along strike, beyond the pit constrained mineral resource limits included in the PFS indicating good potential to expand the resource as exploration drilling advances during 2021.” Pavon has been a great example of our ‘Hub-and-Spoke’ operating model, by demonstrating how satellite deposits can be efficiently permitted and provide ore to our Libertad mill, extending mine life and generating robust cash flows. Over the past two months, the team has safely and steadily increased ore haulage rates in-line with our expectations contributing to the Company’s 2021 consolidated gold production guidance of between 170,000 and 180,000 ounces. All figures are expressed in United States Dollars.Īverage LOM All-In Sustaining Costs 1 (“AISC”)ĭarren Hall, Chief Executive Officer of Calibre, stated: “In 14 months, since announcing the Pavon open pit resource, Calibre has permitted Pavon Norte, and commenced ore deliveries to the Libertad mill. The PFS was undertaken by WSP in Canada in 20 on behalf of Calibre. 
As announced on January 21, 2021, Calibre has commenced open pit mining and transporting Pavon Norte ore to its Libertad mill and expects to ramp up production throughout the year. (“Calibre” or the “Company”) (TSX: CXB OTCQX: CXBMF) is pleased to announce the results of its Pavon Open Pit Gold Mine Pre-Feasibility Study (“PFS”), utilizing a portion of the installed 2.2 million tonne per annum capacity at the Libertad mill. VANCOUVER, British Columbia, Ma(GLOBE NEWSWIRE) - Calibre Mining Corp.
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