november 2018 - goldherz report · november 2018 1. no stock exchange, securities commission or...

Advancing Gold Discoveries and Building Resources

April 2017

November 2018

1

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained on this presentation. This

presentation contains "forward-looking information" concerning Calibre Mining Corp.’s (“Calibre“ or the “Company”) future financial or operating performance and

other statements that express management's expectations or estimates of future developments, circumstances or results. Generally, forward-looking information

can be identified by the use of forward-looking terminology such as “seeks”, "believes", "anticipates", "plans", “continues”, "budget", "scheduled", "estimates",

"expects", "forecasts", "intends", “projects”, “predicts”, “proposes”, "potential", “targets” and variations of such words and phrases, or by statements that certain

actions, events or results "may", "will", "could", "would", “should” or "might" "be taken", "occur" or "be achieved". Forward-looking statements included in this

presentation include statements regarding potential mineralization and mineral resources, the potential development scenarios for the various Gold-Silver Projects,

including information with respect to the supporting infrastructure, the potential life of mine, rates of production and the effects of steps taken to mitigate local

impacts and the expected completion dates of exploration and drilling, exploration results, estimated and future exploration and administration expenditures, the

timing and results of preliminary economic assessments, other development studies, and future plans and objectives of Calibre. While all forward-looking

statements involve various risks and uncertainties, these statements are based on certain assumptions that management of Calibre believes are reasonable,

including that it will be able to obtain financing and on reasonable terms, that its current exploration and other objectives can be achieved, that its exploration and

other activities will proceed as expected, that its community and environmental impact procedures will work as anticipated, that general business and economic

conditions will not change in a material adverse manner, that Calibre will not experience any material accident, labour dispute or failure or shortage of equipment,

and that all necessary government approvals for its planned exploration and potential development activities will be obtained in a timely manner and on acceptable

terms. There can be no assurance that the forward-looking statements will prove to be accurate and actual results and future events could differ materially from

those anticipated in such statements. Important factors that could cause actual results to differ materially from the Calibre’s expectations include, among others, the

actual results of current exploration activities being different than those anticipated by Calibre, changes in project parameters as plans continue to be refined,

changes in estimated mineral resources, future prices of metals, increased costs of labor, equipment or materials, availability of equipment, failure of equipment to

operate as anticipated, accidents, effects of weather and other natural phenomena, risks related to community relations and activities of stakeholders, and delays in

obtaining governmental approvals or financing. Although Calibre has attempted to identify important factors that could cause actual results to differ materially, there

may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate

as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on

forward-looking statements. Calibre does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking information or

statements whether as a result of new information, future events or otherwise, except as required by law.

This presentation is not an offer to purchase securities and does not constitute an offering document under Securities legislation.

Mr. Gregory Smith, P.Geo, the President and CEO of the Company, is the Qualified Person as defined by NI 43-101,

and has prepared and approved the technical data and information in this presentation.

Forward Looking Statement

2

Featherstone Capital

$5.0 Billion in Shareholder Value Created

3

Featherstone Capital Inc. partners with the owners of high quality, undervalued, development stage or production precious or base metal assets providing capital markets, exploration, development and operational expertise.

We provide our partners with capital, financial engineering expertise as well as over 75 years of combined experience and knowledge to assist in maximizing the value of assets for all shareholders.

Featherstone are principals investing our own capital with a goal to earn, along with our partners and shareholders, extraordinary returns by advancing and enhancing superior mineral assets in an honest, ethical and timely manner.

Featherstone Capital principals Douglas Forster, Blayne Johnson and Douglas Hurst are focused on maximizing shareholder value for Calibre shareholders as they recently did with Newmarket Gold, where Newmarket's market capitalization increased from $10 million to $1 billion in 14 months.

Featherstone Capital Principals are founders of Calibre Mining Corp.

4

SOLD COMPANIES

Newmarket’s market cap increased from C$10 million and

was sold for C$1 billion in 14 months

Featherstone Team founded

Newmarket Gold Inc. which

operated three gold mines in

Australia with annual production

of over 225,000 oz/year.

Newmarket was acquired by

Kirkland Lake Gold in November,

2016 for $1 Billion. The Company

had a market capitalization of

approximately $10 million prior to

purchasing the gold mines in

Australia and that market value

grew to $1 billion in approximately

14 months. Current Newmarket

valuation is $2.5 billion

Recent Success

$5.0 Billion in Shareholder Value Created

5

Strategic Plan

• Calibre Mining is focused on building a new mid-tier goldproducer in the Americas.

• Committed Board and Management team with extensiveexperience and a strong track record of shareholder valuecreation, and are major shareholders of the Company.

• Focused on maximizing shareholder value via high impactM&A opportunities, and growing the current 2.0 million ozgold resource base via partnerships.

• As the Calibre founders did with Newmarket Gold, acomprehensive marketing plan will be deployed to introducethe Company to new retail and institutional investors.

Recently Successful

Newmarket Gold

transaction

$10 Million to $1 Billion

Now $2.5 Billion

A gold/silver/copper resource company with advanced exploration projects inNicaragua focused on building our current resource base and acquiring attractiveassets in low risk jurisdictions

Proven and successful management team and board of directors that havecreated over $5.0 Billion in shareholder value including the 2016 sale ofNewmarket Gold to Kirkland Lake Gold for C$1.0 Billion. Current Newmarketvaluation is C$2.5 Billion

Post financing EV/oz AuEq of US$5/oz with Peer Group average currentlytrading at US$34/oz AuEq

Enterprise Value of C$14 million with C$4.7 million in cash and C$26.5million in fully diluted cash

B2Gold – 12%, Lukas Lundin – 9%, Management – 10% (30%)

42.8 million

IAMGOLD, Centerra Gold and junior Rosita Mining

3.2 million ounces AuEq Resources discovered to date with JV PartnersIAMGOLD, Centerra Gold and Rosita Mining – Calibre controls 2.1M oz AuEq

Active 2018 discovery and resource expansion drilling ongoing by IAMGOLD andCenterra

Calibre’s 100% owned Primavera porphyry gold-copper deposit hosts 1.2 millionoz AuEq resources and is open for further resource expansion

Investment Summary

6

Calibre Mining:

Management:

Key Calibre Shareholders:

Mid-Tier Joint Venture Partners:

Gold Resources:

Valuation:

Peer Valuation:

News Flow:

Porphyry Discovery:

Post Financing Issued shares:

Strategic Shareholders and Valuation opportunity

Issued and Outstanding 42,821,577

Cash Position $4.7 million

Options (avg. $1.38) 1,217,500

Warrants (avg. $1.11) 16,429,896

7

Warrants Details

April 2019, $1.60 2,660,000

January 2020, $1.50 1,969,500

October 2020, $0.55 379,305

October 2023, $0.95 11,421,091

Valuation Opportunity

Steady Continued Resource Growth

AVG $US15/oz

* EV/oz based on select list with Calibre currently trading at $US5 and see appendix for breakdown of resource details

Lukas Lundin

• Greg Smith, P.Geo

President & CEO, Director

• Russell Ball Executive Chairman

• Douglas Forster, M.Sc., P.Geo Director

• Blayne Johnson Director

• Raymond Threlkeld Director

• Doug Hurst Director

• Edward Farrauto, CGA Director

• George Salamis Director

• Ryan King Vice President

• Kristian Dagsaan, CA CFO

• Marc Cianci

Senior Project Geologist

& Country Manager

Successful Track Record

Calibre Team

8

• Darren Hall, Strategic Advisor

• Hon. John Reynolds, P.C., Strategic Advisor

Nicaragua – Supportive Mining Jurisdiction

• Democratic Republic with President Ortega

elected to new 5 year term in Nov. 2016

• Gold was Top 3 export

for the last 5 years

• Gold helped economy

grow by >4% annually

• Annual gold

production has

more than doubled

in the past 5 years

with 3 active gold mines:

Libertad (B2Gold) 132,431 oz (2016)

El Limon (B2Gold) 45,483 oz (2016)

Bonanza (Hemco) 85,000 oz (2016)

Established Mining Laws, and Favorable Tax Regime

9

Borosi Gold, Silver, Copper Concessions

10

Calibre holds; 876 km2 Land package

District has over 8.0 million ounces past production

• 32 drill holes over a 500m by 300m area and to a depth of 300m produced a +1 million ounce AuEq

inferred resource

• Road accessible with nearby power

• Significant opportunity to expand and discovery new porphyry gold – copper zones based on exploration

and drilling completed

Primavera Gold-Copper Expansion –100% Calibre

* Note: See website for detailed Inferred resource estimates and NI 43-101 disclosure statement 11

• Near surface gold-copper

porphyry discovery with numerous

targets to test

Primavera

Gold-Copper Deposit

+1 Million oz

25km2

Gold-Copper Porphryr

target area

0 Kilometres 10

IAMGOLD & Calibre Joint Venture – Eastern Borosi

• > 20 km of gold-silver bearing veins and structures

• Numerous new discoveries have been made with significant potential to expand

resources

• To date >30,000 metres of diamond drilling in more than 175 drill holes

12

• Recently updated NI 43-101 includes 812,000 gold equivalent ounces at 5.72 g/t AuEq*

• IAMGOLD earned 51% and can earn 70% by spending $5 million over 3 years

• 2018 drilling underway* Note: See website for detailed Inferred resource estimates and NI 43-101 disclosure statement

Calibre (49%) / IAMGOLD (51%) JV

176 km2

Guapinol Gold

Trend

La Luna Gold trend

& targets

Blag &

East Dome

Gold

Silver

targets

Cadillac gold

Targets

Riscos gold trend

& targets

Veta Loca

target


Epithermal Gold Veins

Gold trend >20km

* Note: See Expansion News release Feb 1 2018 at www.calibremining for full details and Inferred Resource Details April 3, 201813

DISCOVERY EXPANSION

OUTSIDE OF RESOURCES

Feb 1 2018 Results

Cadillac gold, silver vein

• 4.10 m grading 10.52 g/t AuEq


DISCOVERY EXPANSION

OUTSIDE OF RESOURCES

Feb 1 2018

Veta Loca gold, silver vein


OPEN

Cadillac Gold Discovery

Veta Loca Gold Discovery DRILLING UNDERWAY ON NEW DISCOVERIES

2018 NI 43-101 RESOURCE

812,000 gold equivalent ounces at 5.72 g/t AuEq

http://www.calibremining/

Centerra Gold Option Earn-in Siuna Project

14

El Avion

Trend

&Targets

El Dorado

Trend

&Targets

+2 million oz past gold production

Roskilete

Trend

&Targets

• 35 kilometer long trend, sampling and exploration work have identified numerous new targets

• Centerra Gold can earn a 70% interest in the Siuna Gold Project by spending $9 million before December, 2020

• Exploration continues on the 253 square kilometer Suina Project where results have defined kilometer-scale gold anomalies that remain open for expansion

• Drilling underway

253 km2

• 35 kilometer long trend, sampling and exploration work have identified numerous new targets

• Centerra Gold can earn a 70% interest in the Siuna Gold Project by spending $9 million before December, 2020

• Cerro Aeropuerto deposit hosts a gold-equivalent resource of 757,000 ounces*

* Note: See website for detailed Inferred resource estimates and NI 43-101 disclosure statement

• Successful senior management and board of directors, have created over $5.0

Billion in shareholder value, continue to work hard and execute for Calibre

shareholders

• Major strategic shareholders include: B2Gold (12%), Lukas Lundin (9%), and

Management (10%)

• Post Financing Enterprise Value of $14 million with $4.7 million in cash*

• Current EV/oz AuEq of $US5/oz based on Calibre’s share vs peer average of

$US34/oz AuEq **

• Four gold-silver-copper deposits discovered to date with a total Inferred Resource

of over 3.2 million oz AuEq

• Centerra Gold, IAMGOLD and Rosita Mining partnered with Calibre on 429 km2 of mineral concessions

• Centerra funding additional drilling and exploration programs in 2018

• Drilling underway funded by IAMGOLD

• Permit recently awarded to construct processing facility, $US8.5 million funding in place

Calibre Mining Summary

15 *Newmarket's shell value upon Crocodile merger was $10 million with $300,000 in cash, Haywood Securities Weekly Dig Oct 12, 2018

Appendix

16

Featherstone Capital

17

Douglas Forster, M.Sc., P.GeoMost recently Mr. Forster was Founder, Director, President and CEO of Newmarket Gold Inc. which operated three gold mines in Australia

with annual production of over 225,000 oz/year. Newmarket was purchased by Kirkland Lake Gold in November, 2016 for $1 Billion. Mr.

Forster has been associated with the mining industry for the past 30 years. He holds a B.Sc. (1981) in geological sciences and M.Sc. (1984)

from the University of British Columbia and is a Member of the Association of Professional Engineers and Geoscientists of British Columbia.

Doug has extensive experience and a proven track record in mergers and acquisitions, public company management, mine operations, equity

and debt financing and resource project development. For over three decades, Mr. Forster has been creating wealth for North American and

International investors through natural resource discovery, exploration, development and operation. Mr. Forster was involved as a Founder of

Terrane Metals that was purchased by Thompson Creek in 2010 for $650 million, as a director at Potash One that was purchased by K+S for

$434 million in 2010, and as a Founder, and/or Director and Senior Executive of Continental Gold, North American Metals and El Condor

Resources which were all acquired in the late 1990’s for a total transaction value of over $550 million. Mr. Forster is currently Founder and

Executive Chairman of Calibre Mining Corp. and a Director of Pinecrest Resources Ltd.

Blayne JohnsonMost recently Mr. Johnson was Founder, Director and Executive VP of Newmarket Gold Inc. which operated three gold mines in Australia

with annual production of over 225,000 oz/year. Newmarket was acquired by Kirkland Lake Gold in November, 2016 for $1 Billion. The

Company had a market capitalization of approximately $10 million prior to purchasing the gold mines in Australia and that market value grew

to $1 billion in approximately 14 months. Blayne has been a respected member of the investment community for over 30 years and has

extensive experience in Capital Markets, financial structuring, mergers & acquisitions. During his tenure as Vice President at First Marathon

Securities the firm participated in over $5 Billion of equity financings for junior resource companies. Mr. Johnson was also involved as a

Founder of Terrane Metals that was purchased by Thompson Creek in 2010 for $650 million. He is currently Founder and Lead Director of

Calibre Mining Corp. and a Director of Pinecrest Resources Ltd.

Doug HurstMost recently Mr. Hurst was Founder and Executive Chairman of Northern Empire Resources which was sold in October, 2018 to Coeur

Mining for $117 million. Previously Mr. Hurst was Vice President, Corporate Development of Newmarket Gold Inc. which operated three gold

mines in Australia with annual production of over 225,000 oz/year. Newmarket was purchased by Kirkland Lake Gold in November, 2016 for

$1 Billion. Mr. Hurst has over 25 years of experience in the mining/resource industry having acted as geologist, consultant, mining analyst

and senior executive.

Calibre Mining Mineral Resources

18

Borosi Projects Mineral Resources - 100% Basis*

Zone Status Resource Tonnes Grade Grade Grade Grade AuEq

Category (Au g/t) (Ag g/t) Cu (%) (AuEq g/t) (ounces)

Primavera 100% CXB Inferred 44,974,000 0.54 1.15 0.22 0.84 1,212,132

EBP JV 49% CXB Inferred 4,418,000 4.93 80.00 0.00 5.72 812,000

C. Aeropuerto JV 49% CXB Inferred 6,052,000 3.64 16.16 0.00 3.89 757,000

Rosita D JV 33% CXB Inferred 5,393,000 0.49 9.02 0.46 1.22 211,337

Total Inferred 60,837,000 1.16 9.06 0.14 1.53 2,992,469

Rosita D JV 33% CXB Ind 6,460,000 0.47 7.32 0.50 1.21 251,526

Calibre Share / Current Ownership*

Zone Status Resource Tonnes Grade Grade Grade Grade AuEq

Category (Au g/t) (Ag g/t) Cu (%) (AuEq g/t) (ounces)

Primavera 100% CXB Inferred 44,974,000 0.54 1.15 0.22 0.84 1,212,132

EBP JV 49% CXB Inferred 2,164,820 4.93 80.00 0.00 5.72 397,880

C. Aeropuerto JV 49% CXB Inferred 2,965,480 3.64 16.16 0.00 3.89 370,930

Rosita D JV 33% CXB Inferred 1,779,690 0.49 9.02 0.46 1.22 69,741

Total Inferred 51,883,990 1.16 9.06 0.14 1.53 2,050,683

Rosita D JV 33% CXB Ind 2,131,800 0.47 7.32 0.50 1.21 83,004

Calibre Mining Corp. – NI 43-101 Compliant Mineral Resources

*see website for NI43-101 cautionary language, resource parameters, and Independent Technical Reports

Calibre Mining Current Asset Overview

19 * Note: See website/appendix for detailed Inferred resource estimates and NI 43-101 disclosure statement

• Calibre Mining (TSX.V: CXB) is a Canadian-basedexploration and mine development company withroad accessible, gold, silver and copper explorationand resource delineation projects in the highlyprolific Borosi Mining Triangle located innortheastern Nicaragua.

• Operating in Nicaragua since 2009 Calibre controls atotal of 876 km2 of mineral titles;

• 413 km2 100% owned, 176 km2 in Joint Venture withIAMGOLD, 253 km2 optioned to Centerra Gold, and33 km2 joint venture with Rosita Mining.

• Exploration on the Calibre Borosi Projects has outlined significant NI 43-101 compliant resources including;

Total 100% Borosi Project Inferred Resources:3.0 million oz Gold Equivalent

• Calibre Mining Inferred Resources:2.1 million oz Gold Equivalent

• Total Borosi Project Indicated Resources:251,000 oz Gold Equivalent,

• Calibre Mining Indicated Resources:83,000 oz Gold Equivalent

Calibre Mining Current Asset Overview

20

• The highly prolific Borosi Mining District host a series of mineralized style including high grade Epithermal

Gold-Silver mines, gold and copper skarn deposits, and the 100% Calibre owned Primavera Gold-Copper

porphyry deposit discovered by Calibre

• Calibre and its partners continue to show the potential for additional New Discoveries. Calibre’s mid-tier

gold producer JV partners IAMGOLD and Centerra Gold continue to drill new targets

• Calibre’s Flagship Property is the 100% owned Primavera Gold-Copper Porphyry Project hosts a NI43-101

compliant maiden Inferred Resource at a 0.5 g/t Au cutoff of 45.0 million tonnes grading 0.84 g/t AuEq (0.54

g/t Au, 1.15 g/t Ag and 0.22 % Cu) containing 782,000 ounces of gold, 1.7 million ounces of silver and 219

million pounds of copper (1.2 million AuEq ounces)

• Data compilation and target prioritization on the 25 km2 Primavera Gold-Copper anomaly are on-going

• Several additional mineralized zones have been outlined on the 100% owned Calibre 400km2 Concessions

• Calibre’s partners IAMGOLD Corporation and Centerra Gold have options to earn 70% interests in their

respective projects by investing $19 million in exploration. The Company has a Joint Venture with

IAMGOLD (176 km2) where successive drilling programs since 2014 have intersected a series of high-

grade gold/silver epithermal structures resulting in a resource estimate in 2018 totaling 812,000 ounces

AuEq. The Siuna Project optioned to Centerra Gold (429 km2) includes the historic La Luz gold skarn (past

production of 2.3 million ounces of gold), the NI43-101 compliant resource at Cerro Aeropuerto totaling

757,000 ounces AuEq, and several kilometer-scale targets

• Numerous gold-copper targets

Initial 1.2 Moz

AuEq

Resource

Primavera Gold-Copper Expansion –100% Calibre

• +2,000 metre diamond drill program completed

in H1 2018 on Gold-Copper porphyry district21

2017 completed 19 holes >2750 metres

2017 Results include;160m @ 0.11 g/t Au and 0.06 % Cu45.0m @ 016 g/t Au and 0.13 % Cu6.0 m @ 0.85 g/t Au and 0.34 % Cu

2017 Results include;129m @ 1.06 g/t Au and0.28 % Cu

Santa Maria Project New Discovery –100% Calibre

• 2017 maiden diamond drilling (13 holes for 2100 metres)

discovered significant gold and base metal mineralization in

structurally controlled quartz veins and breccias

• drill tested over 800m of strike and to 100m depth

-zone remains open along strike and to depth

Santa Maria gold anomaly traced for over 3 kilometers

• Existing High Grade Targets remain open for further

expansion and discoveries

Highlight intercepts 2017 Drilling

4.95 m grading 4.16 AuEq g/t (1.51 g/t Au, 24.7 Ag, 1.72 % Cu)

OPEN

OPEN



2.65 m grading 5.26 AuEq g/t (3.58 g/t Au, 16.4 Ag, 0.29 % Cu, 1.65 % Zn)

22

20 km NW of Primavera

Santa Maria

Project

2017 / 2018 exploration has extended principal anomaly and defined several additional sub-parallel trends

GP15-034; 1.39m @ 98.72 g/t Au and 49.1 g/t Ag (332.23 – 333.62m) GP14-003; 4.81m @ 25.66 g/t Au and 35.2 g/t Ag (69.75 – 74.56m)GP14-002; 6.03m @ 14.39 g/t Au and 14.5 g/t Ag (112.53 – 118.56m)

GP14-010; 12.90m @ 8.73 g/t Au and 11.5 g/t Ag (91.60 – 104.50m) GP15-037; 7.08m @ 6.26 g/t Au and 41.4 g/t Ag (102.40 – 109.48m)

2014/15GuapinolHighlights;

VancouverHighlights;

2014 – High Grade Gold Discovery at Guapinol

2015 – Phase II Drill Program Successful

2016/2017 - Follow-up and In-Fill Drilling

2018 – Maiden Inferred Resource

Open for ExpansionAdditional Targets


23


On-going 2108 drilling program will be largest to date with >10,000 metres in >45 drill holes.

2018 best drill hole to date in La Luna Structure;

15.93m @ 6.28 g/t AuEq, (5.75 g/t Au and 34.3 g/t Ag)

La Luna Deposit open for expansion.

Further drilling underway at La Luna Q4 2018.

Additionally New Targets to be tested in Q4 2018 including maiden drilling on San Cristobal Zone.


2017-2018 Discovery at Cadillac Structure including;

4.1m @ 10.52 g/t AuEq, 3.49m @ 9.28 g/t AuEq, 4.10m @ 9.81 g/t AuEq,

1.67m @ 20.84 g/t AuEq, 1.35m @ 27.43 g/t AuEq (zone open along strike and down dip)

Additional drilling to be completed Q4 2018


Cerro Aeropuerto

Positive Results since Resource Estimate

• 2015/16 drilling results include:

53.70m grading 10.47 g/t Au,

Incl. 2.70 metres grading 120.6 g/t Au,

and 8.12 metres grading 22.5 g/t Au,

71.05 metres grading 2.89 g/t Au,

36.60 metres grading 1.59 g/t Au, and

91.50 metres grading 2.75 g/t Au

• 2017 Drill Results include:

77.8m grading 1.09 g/t Au,

Incl. 9.33 metres grading 5.60 g/t Au,

16.8 metres grading 1.09 g/t Au, and

1.38 metres grading 54.8 g/t Au

• Additional drill targets defined

zones open for expansion

* Note: See Appendix for detailed Inferred resource estimates and NI 43-101 disclosure statement 26

2017 Drilling77m grading 1.09 g/t Au, and 7.6 g/t Ag

2017 Drilling1.38m grading 54.8 g/t Au, and 12.6 g/t Ag

• The Siuna Project includes the past producing La Luz Mine that produced 2.3 million ounces gold

and the Cerro Aeropuerto Deposit that hosts Inferred Resource of 757,000 oz AuEq*


27

El Avion; Au/Cu Target

El Avion

Project

intrusive target

sulphide target

Gold / Copper

Geochemical

Anomalies

Geophysical

Anomalies

• 2018 extensive target definition geochemical and

geophysical exploration completed.

• 2018 Maiden Drilling Program on several high priority zones

• Total planned metres 3000 m

• Porphyry and Epithermal Targets

- El Avion; Au/Cu anomaly 4 km by 2.5 km

- Other Gold/Copper Targets; Roskilete,

Timbuco, and Cerro Asa

• Drilling underway at El Avion

Rosita D Joint Venture (33.56 km2)

SANTA RITA

Past Producing Santa Rita MineHistoric Operators La Luz Mines (Falconbridge) / Rosario (AMAX)

• 2016 NI 43-101 The resource estimate in stockpiles totals;

• Inf. 3.4 M t @ 0.46 g/t Au, 9 g/t Ag, and 0.61 % Cu = 50k ozs Au,

1.0M oz Ag, & 46M lb Cu

• Ind. 6.4M t @ 0.47 g/t Au, 7 g/t Ag, and 0.50 % Cu = 97k ozs Au,

1.5M oz Ag, & 71M lb Cu

• 2017 Metallurgical optimization and permitting to be advanced

• High grade copper/gold/silver zone identified at Bambana with 5.21%

Cu, 4.40 g/t Au and 144g/t Ag over 12.1 metres

• Rosita Mining spent C$4.0 million over four years to earn a

65% stake in the Rosita D concession: 33.6 km2 - 5% of

Calibre’s concessions in the Mining Triangle

• Historic Santa Rita open pit Cu/Au mine: past production

• 305 M lbs Cu, 177k ozs Au, and 2.6M ozs Ag from 5.9Mt

28

Greg Smith, P.Geo

President & CEO

604.681.9944

[email protected]

Ryan King

Vice President

604.681.9944

[email protected]

For more information, please contact:

www.calibremining.com

29

november 2018 - goldherz report · november 2018 1. no stock exchange, securities commission or...

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