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The latest announcement is out from Calibre Mining ( (TSE:CXB) ).
Calibre Mining has announced significant gold mineralization discoveries at the Frank Zone, part of their Valentine Gold Mine project in Newfoundland & Labrador, Canada. The new drilling results reveal broad zones of high-grade gold mineralization at surface, suggesting potential for a new open pit and enhancing the project’s prospects. With mineralization now traced over a kilometer along strike and 500 meters deep, the findings highlight the area’s untapped potential, positioning Calibre to achieve its target of becoming a mid-tier gold producer with annual production of 450,000 to 500,000 ounces.
More about Calibre Mining
Calibre Mining is a Canadian-listed, mid-tier gold producer focused on the Americas, with operations and exploration projects spanning Newfoundland & Labrador, Nevada, Washington, and Nicaragua. The company aims to deliver sustainable value through responsible operations and disciplined growth, leveraging a robust pipeline of development and exploration opportunities.
YTD Price Performance: 32.29%
Average Trading Volume: 1,889,828
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$2.42B
For a thorough assessment of CXB stock, go to TipRanks’ Stock Analysis page.
