Calibre Mining And B2Gold Sign Trenching Programme Agreement

News: TSX-V listed Calibre Mining has signed a definitive Joint Venture (JV) agreement with TSX-listed B2Gold to initiate a trenching programme on the Borosi concessions in Nicargua. Under the terms of the agreement, B2Gold can earn an additional 19% in the Borosi concessions JV by spending CAD6mn (US$5.47mn) in additional project expenditures over a period of three years. As part of the trenching programme, a minimum of four new trenches would be excavated along the Minnesota gold trend to expand the mineralisation. Recently conducted high-grade rock and soil sampling and mapping have revealed multiple targets along the 2km gold trend that would be investigated through trenching.

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Related sectors of this article: Mining
Geography: Nicaragua

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