Calibre Mining Adds to Concessions in Nicaragua

Calibre Mining Corp acquired 250 km2 of additional mining concessions in Nicaragua.

Wednesday, January 12, 2011

The new areas, called Asa and Pis Pis, are located in the region known as the Golden Triangle of Nicaragua, with high mineral potential.

Robert Brown, CEO of Calibre, explained that this sub explored area has potential to extract gold, silver and copper.

In total, Calibre has 867 km2 of concessions in the country.

More on this topic

Moratorium Prevents Mine Reopening in Costa Rica

January 2012

The government has denied a Canadian company a license.

The Costa Rican authorities in the mining sector have declined the request to reopen the Bellavista gold mine by the Canadian company B2 Gold, arguing that the act would be contrary to the national moratorium on mining.

More Investments in Mining in Nicaragua

September 2011

Three companies from the U.S. and Canada have acquired concessions rights for exploratory mining, with investments of about $5 million.

The new concessions add to those already existing in the country, in which a total of $12.7 million have been invested between January and May 2011, according to the Ministry of Energy and Mines (MEM).

Gold Confirmed in Santa Maria Prospect

January 2011

Calibre Mining announced that initial field studies confirmed the presence of high grade gold veins.

The mining company said in a press release that initial field exploration works have been completed at the prospect in Santa Maria, northwestern Nicaragua.

Robert Brown, president and CEO of Calibre Mining, stated the importance of the discovery at the Mining Triangle of Nicaragua.

B2Gold Will Invest $7 Million in Nicaraguan Mine

June 2009

The company B2Gold Corp. could acquire up to 65% of the gold and copper mining project NEN.

The gold and copper mining Project NEN, currently property of Canadian Calibre Mining Corp, is located on the North Atlantic side of Nicaragua, and covers 70,976 hectares.

B2Gold Corp executed a letter of intent, through which it could acquire 51% of the project by making an investment of $7 million on exploration and other projects before 2012 and an additional 14% in a selected area of the project upon completion of the preliminary feasibility studies.

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