The Pavon property, located in central Nicaragua, is a low sulphidation system. Seventy one historical diamond drill holes totalling approximately 10,700 metres tested veins occurring over a strike length of six kilometres, with results that include 10.3 g/t gold over 16.8 metres in hole PADH-005B in the north zone and up to 6.7 g/t gold over 11 metres in hole PADH-01 in the south zone. During 2009 and 2010, we further explored the Pavon North and South Zones with 56 trenches totalling 1,608 metres. No exploration was carried out on the Pavon properties in 2012. Work was focussed on permitting for the drilling and small scale mining of Pavon.(1)
The Pavon property is located within the Natividad and Las Brisas exploration concessions totaling 31.5km2
After initial site visits and further review Calibre believes there is excellent potential to quickly advance the Pavon Gold Project. Pavon is located approximately 227 km from the El Limon Mine and 300 km from the La Libertad mine. B2Gold had historically and internally studied the potential to open pit mine at Pavon and truck the high-grade material to El Limon. Calibre is in the process of reviewing this potential opportunity and there are no certainties this can be done. Calibre is working on various permits to begin work again on the Pavon project and will be updating the market and progress and milestones are met. Current Calibre is working on an updated NI 43-101 resource estimate and anticipates to complete the report during Q4, 2019.
Highlight Drill Results Expansion Potential
- 19.37m @ 13.19g/t Au, 7.88m @ 16.12g/t Au, 20.02m @ 4.74g/t Au, 6.40m @ 8.13g/t Au, 3.10m @ 11.18g/t Au, 3.46m @ 6.09g/t Au, 7.57m @ 4.24g/t Au
Calibre Mining see excellent exploration potential along strike and down plunge on a number of the zones. Additionally a parallel low sulphidation vein structure known as the Victoria zone has limited drilling and excellent potential to expand. Current limited drilling at the Victoria zone includes: 3.10m grading 11.18g/t gold, 3.46m grading 6.09g/t gold, 7.57m grading 4.24g/t gold. All drilling to date has been less than 100m vertically from surface and is open along strike and down plunge.