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Calibre Provides 2020 Resource Expansion and Infill Drilling Update; Significant Year-End 2020 Reserve Increase Expected

Russell Ball, Chief Executive Officer of Calibre, stated: “Our 2020 drilling program was initially focused on infilling existing deposits, but starting in the fourth quarter the focus shifted to identifying new zones and expanding known resources at Limon, Libertad and Pavon. I am excited about the early results from Veta Nueva and the neighboring Atravesada zone, where no resource is currently reported. Underground development to Atravesada is anticipated to commence in Q2, 2021 which is expected to provide mill feed to Libertad in the third quarter of 2022, in line with our ‘hub-and-spoke’ operating philosophy.

“We are in the process of finalizing year-end 2020 reserve and resource statements, reflecting the positive results from both the infill and resource expansion drilling programs, which support our expectations of significant reserve increases at both Limon and Libertad.”

Ryan King
Vice President, Corporate Development & IR
T: (604) 628-1012
E: calibre@calibremining.com
W: www.calibremining.com