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To: LoneClone who wrote (162569)1/5/2022 1:38:35 PM
From: LoneClone  Read Replies (1) | Respond to of 169762
Idaho Strategic Drilling Extends Klondike Zone with High Grade Intercepts - Highlighted by 793 g/t Au Over 0.1m

Wednesday, January 5, 2022 9:00 AM

COEUR D'ALENE, ID / ACCESSWIRE / January 5, 2022 / Idaho Strategic Resources, Inc. (OTCQB:NJMC) ("IDR", "Idaho Strategic" or the "Company") is pleased to provide the latest exploration results from the Company's 2021 drill program at the Golden Chest mine. These recent results come from drill holes GC 21-208 and GC 21-209 in the Klondike area, located north of current underground operations in the Skookum.

These latest intercept highlights below are reported in grams of gold per tonne (g/t) and in drilled thickness, as vein orientations have yet to be determined.

GC 21-208

  • 20.66 g/t gold over 1.3 meters from 184.8 to 186.1 m
  • 29.64 g/t gold over 2.7 meters from 213.8 to 216.5 m
    • Includes 793 g/t Au (2nd highest grade drill intercept at GC) sample over 0.1m
GC 21-209

  • 1.06 g/t gold over 50 meters from 186.0 to 236 m including the following higher-grade intervals:
    • Includes 4.79 g/t gold over 7.3 meters from 190.6 to 197.9 m
    • Includes 8.54 g/t gold over 2.6 meters from 195.3 to197.9 m
  • 10.72 g/t gold over 2.2 meters from 258.3 to 260.5 m
Drillhole GC 21-208 is the last hole drilled from the first pad in the Klondike area, whereas GC 21-209 is located on a separate pad approximately 50 meters south of this previous drilling. The high-grade intervals are anchored by widespread sections of low-grade gold mineralization (Figure 1). The high-grade intervals are highlighted by the 793 g/t Au sample over 0.1 m in hole GC 21-208, as shown by the easily visible gold contained in quartz veinlets (Photo 1). In contrast, gold mineralization is more widespread and continuous in drillhole GC 21-209 which exposed 1.06 g/t Au over 50 meters. These areas of widespread gold mineralization are associated with strong silicification and hornfels alteration.

The IDR drillers have kept the company-owned core drill turning in the Klondike area through fall and early winter due to these superlative drill results. To date, drillholes completed in the Klondike area are GC 21-203 (273m), GC 21-204 (276m), GC 21-205 (281m), GC 21-206 (lost at 49m), GC 21-207 (271m), GC 21-208 (294m) and GC 21-209 (323m). Thus far, this drilling has delineated a mineralized body with 100 meters of strike and 100 meters of dip with varying thicknesses - and it continues to expand with each additional drill hole.

Discovering this new zone of mineralization in the Klondike area is only one of the highlights of our very successful 2021 Golden Chest drill program. We are currently finishing Klondike hole (GC 21-210) and additional holes are planned in this area. The focus of our drilling remains mineral resource expansion in concert with planning production options to access, develop and extract this new gold resource area. Our 2022 Golden Chest exploration drill program includes more step-out drill holes in order to build from the impressive drilling and exploration accomplishments of 2021.

NJMC's Vice President of Exploration, Rob Morgan commented, "It feels like are walking into something big and may be on the cusp of a great discovery. Our drilling has demonstrated that the gold is there, and the intercepts seem to get better with each new hole. Even for a high-grade orogenic deposit like ours, to see assays exceeding 100 g/t gold are remarkable and to have grades of 793 g/t, or almost 25 ounces per ton, is amazing. We need to add drill holes on the east (up dip), west (down dip) and to the south along strike, however the results to date are impressive. Of course, there remains much more drilling to do to further refine this mineralized body, but I see that as a good problem to have."

Qualified Person

NJMC's Vice President of Exploration, Robert John Morgan, PG, PLS is a qualified person as such term is defined in National Instrument 43-101 and has reviewed and approved the technical information and data included in this press release.


Core samples are delivered by the driller to a secure facility prior to logging by Company geologists. Core is then logged and samples for assay are obtained by sawing the core in half longitudinally while trying to ensure a representative sample is submitted to the laboratory for analysis. All the samples were analyzed by American Analytical of Osburn, Idaho, an ISO certified laboratory. Samples were analyzed using lead collection fire assay with a gravimetric finish. A series of known assay standards are submitted with each drill hole as part of the quality assurance-quality compliance program. Assay results are utilized in decision making related to exploration, resource modeling, stope and mine development and other tasks related to mine production and milling.

Figure 1.

Photo 1.

About Idaho Strategic Resources, Inc.

Domiciled in Idaho and headquartered in the Panhandle of northern Idaho, Idaho Strategic Resources (IDR) is one of the few resource-based companies (public or private) possessing the combination of officially recognized U.S. domestic rare earth element properties (in Idaho) and Idaho-based gold production located in an established mining community.

Idaho Strategic Resources produces gold at the Golden Chest Mine located in the Murray Gold Belt (MGB) area of the world-class Coeur d'Alene Mining District, north of the prolific Silver Valley. With over 5,000 acres of patented and un-patented land, the Company has the largest private land position in the area following its consolidation of the Murray Gold Belt for the first time in over 100-years.

In addition to gold and gold production, the Company maintains an important strategic presence in the U.S. Critical Minerals sector, specifically focused on the more "at-risk" Rare Earth Elements (REE's). The Company's Diamond Creek and Roberts REE properties are included the U.S. national REE inventory as listed in USGS, IGS and DOE publications. Both projects are located in central Idaho and participating in the USGS Earth MRI program.

With an impressive mix of experience and dedication, the folks at IDR maintain a long-standing "We Live Here" approach to corporate culture, land management, and historic preservation. Furthermore, it is our belief that successful operations begin with the heightened responsibility that only local oversight and a community mindset can provide. Its "everyone goes home at night" policy would not be possible without the multi-generational base of local exploration, drilling, mining, milling, and business professionals that reside in and near the communities of the Silver Valley and North Idaho.

For more information on Idaho Strategic Resources go to or call:

Monique Hayes, Corporate Secretary/Investor Relations
(208) 625-9001

Forward Looking Statements

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections. Such statements are based on good faith assumptions that Idaho Strategic Resources believes are reasonable, but which are subject to a wide range of uncertainties and business risks that could cause actual resultsto differ materially from future resultsexpressed, projected, or implied by such forward-looking statements. Such factors include, among others: the risk that results of current exploration activities will further define an economic viable resource at the Golden Chest Mine, the impact of supply chain risks and expanding needs of operations as inventory increases; an increased risk associated with production activities occurring without completion of a feasibility study of mineral reserves demonstrating economic and technical viability; environmental hazards, industrial accidents, weather or geologically related conditions; changes in the marketprices of gold and silverand the potential impact on revenues from changes in the market price of gold and cash costs; a sustained lower price environment; risks relating to widespread epidemics or pandemic outbreaks including the COVID-19 pandemic; the potential impact of COVID-19 on our workforce, suppliers and other essential resources, including our ability to access goods and supplies, the ability to transport our products and maintain employee productivity; the risks in connection with the operations, cash flow and results of the Company relating to the unknown duration and impact of the COVID-19 pandemic; as well as other uncertainties and risk factors. Actual results,developments and timetables could vary significantly from the estimates presented.

Readers are cautioned not to put undue reliance on forward-looking statements. Idaho Strategic Resources disclaims any intent or obligation to update publicly such forward-looking statements, whether a result of new information, future events or otherwise.

SOURCE: Idaho Strategic Resources, Inc.

To: LoneClone who wrote (162569)1/6/2022 10:45:04 AM
From: LoneClone  Read Replies (1) | Respond to of 169762
Calibre Delivers Record Full Year Production Exceeding High-End of 2021 Gold Production Guidance Delivering 182,755 Ounces; Announces 2022 Guidance, Setting Up for 2023 Production Growth

Calibre Mining Corp.
Thu., January 6, 2022, 4:30 a.m.·7 min read

VANCOUVER, British Columbia, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) is pleased to announce the operating results for the fourth quarter and year ended December 31, 2021 and 2022 production, sales, and cost guidance (all financial amounts are in United States dollars).

Q4 and Full Year 2021 Production and Sales:

  • Q4 production of 49,218 ounces and sales of 49,207 ounces of gold; and

  • Record production of 182,755 ounces, exceeding high-end of production guidance, and sales of 183,242 ounces of gold.

  • Full Year 2021 Highlights:

  • Announced the acquisition of Fiore Gold in Nevada, creating a diversified, Americas focused, growing mid-tier gold producer; transaction expected to close January 12, 2022;

  • Exceeded the high-end of 2021 production guidance with a strong fourth quarter;

  • Cash as at December 31, 2021 of $78.4 million, an increase of $25.2 million from December 31, 2020;

  • Completed the Pavon Pre-Feasibility Study demonstrating a robust satellite ore source feeding into the Libertad mill which has over 50% surplus capacity ( see news release here);

  • Commenced low-cost open pit mining at Pavon Norte, increased haulage rates quarter over quarter to Libertad, delivering target of 1,077 tonnes per day (“tpd”) in September;

  • Announced a 200% increase in year-end 2020 Reserves to 864 koz, representing the largest Mineral Reserve since 2010 with the highest grade on record of 4.49 g/t gold ( see news release here);

  • Advanced technical drilling, land purchases, social and environmental work at the initial resource zones within the Eastern Borosi Project (“EBP”) and plan to submit permit applications in early Q1 2022 for open pit and underground operations, leading to expected H2 2023 production growth

  • 2021 high-grade EBP drill results included:

  • 25.1 g/t gold over 9.7 metres Estimated True Width (“ETW”), 39.2 g/t gold over 3.1 metres ETW, 9.1 g/t gold and 19.9 g/t silver over 6.5 metres ETW, 25.9 g/t gold and 15.3 g/t silver over 1.9 metres ETW, and remains open for expansion;

  • Discovered the high-grade Volcan zone located within 5 kms of the Libertad Mill, results included:

  • 15.6 g/t gold over 4.9 metres ETW and 7.9 g/t gold over 3.4 metres ETW, 11.4 g/t gold over 5.4 metres ETW and 9.26 g/t gold over 1.7 metres and remains open for expansion;

  • Announced the 2020 Sustainability Report and made significant progress on our World Gold Council Responsible Gold Mining Principles self assessment ( see news release here);

  • 2022 Nicaragua Production and Cost Guidance:

  • Gold production and sales of between 180,000 and 190,000 ounces of gold;

  • Total Cash Costs1 between $1,000 and $1,100 per ounce;

  • All-in Sustaining Costs1 (“AISC”) between $1,100 and $1,200 per ounce; and

  • Calibre will provide updated full-year 2022 production and cost guidance incorporating the Nevada operations in Q2 2022.

  • Darren Hall, President and Chief Executive Officer of Calibre, stated: “Calibre exceeded the high-end of full year 2021 production guidance driven by continued successful operational execution. During the year, Calibre generated strong operating cash flows and self-funded significant exploration and mine development while building cash quarter over quarter. Since acquiring the assets in October 2019, we have re-invested into the business which has increased reserves, discovered new deposits, and identified new targets, positioning Calibre to unlock additional mill feed sources and grow production. As we continue our multi-pronged exploration activities across the assets, we realize the prospective and under-explored potential our portfolio has to offer and will continue to re-invest in the business as exploration and resource delineation programs continue at Libertad, Pavon, Limon, and Eastern Borosi.

    “Our goal of becoming a growth oriented, Americas focused mid-tier gold producer continues to advance given our recent agreement to acquire Fiore Gold, providing the next logical step to a robust and jurisdictionally diversified gold producer with three established operations, significant exploration potential and a clear path to growth.”

    Fourth Quarter and Full Year 2021 Operating Overview

    During the quarter we delivered 935 tpd from the Pavon Norte mine to the Libertad Mill.

    Strong cash flows continue to drive the Company’s organic growth with multiple rigs turning across Calibre’s concessions and steady progress continues to be made at the high-grade Eastern Borosi Project positioning the Company for expected H2 2023 production growth.

    Q4 2021 Operating Results




    Ore Milled (tonnes)



    Ore Milled Grade (g/t Au)



    Au Recovery (%)



    Gold Production (ounces)



    Gold Sales (ounces)



    Consolidated Operating Results


    Q4 2021

    Q3 2021

    Q2 2021

    Q1 2021

    FY 2021

    Ore Milled (tonnes)






    Ore Milled Grade (g/t Au)






    Au Recovery (%)






    Gold Production (ounces)






    Gold Sales (ounces)






    2022 Nicaragua Guidance


    Gold Production/Sales (ounces)

    180,000 – 190,000

    Total Cash Costs ($/ounce)(1)

    $1,000 - $1,100

    AISC ($/ounce)(1)

    $1,100 - $1,200

    Growth Capital ($ million)

    $45 - $50

    Exploration Capital ($ million)

    $20 - $22

    Nicaraguan 2022 gold production is forecast to increase quarter over quarter with a significant increase during the fourth quarter. Production in the second half of 2022 is expected to be approximately 20% higher than that of the first half due to change in deposit grade profiles and mine sequencing. As a result, the Company expects lower Total Cash Costs1 and AISC1 during the second half of the year. 2022 Total Cash Costs1 are forecast to be slightly higher than 2021 mainly due to higher forecast fuel, consumables, and labour costs. Growth capital is anticipated to be relatively consistent throughout the year to unlock value at new deposits including the high-grade Pavon Central and Eastern Borosi Project – both expected to increase production and reduce costs in 2023.

    Growth capital outside AISC1 includes underground development at Panteon Central and Atravesada to advance additional mill feed sources; an open pit mine at Pavon Central; Limon Norte and Tigra waste stripping in excess of the planned life-of-mine strip ratio; and land acquisition and early construction activity on the Eastern Borosi Project, which is expected to be the next “spoke” for the Libertad complex.

    Calibre will provide updated full-year 2022 production and cost guidance that incorporate the Nevada operations in the second quarter.

    Fourth Quarter and Full Year 2021 Financial Results and Conference Call Details

    The fourth quarter and full-year 2021 financial results will be released after market close on Wednesday, February 23, 2022 and management will be hosting a conference call to discuss the results and outlook in more detail.


    Thursday, February 24, 2022


    10:00 a.m. (EDT)


    +1 (866) 221-1882 or +1 (470) 495-9179 (International)

    Webcast Link:

    Conference ID:


    The live webcast can be accessed here or at under the Events and Media section under the Investors tab. The live audio webcast will be archived and made available for replay at Presentation slides which will accompany the conference call will be made available in the Investors section of the Calibre website under Presentations, prior to the conference call.

    Qualified Person

    Darren Hall, MAusIMM, President & Chief Executive Officer, Calibre Mining Corp. is a “qualified person” as set out under NI 43-101 has reviewed and approved the scientific and technical information in this press release.


    “Darren Hall”

    Darren Hall, President & Chief Executive Officer

    For further information, please contact:
    Ryan King
    Senior Vice President, Corporate Development & IR
    Calibre Mining Corp.
    T: 604.628.1010

    About Calibre Mining Corp.
    Calibre Mining is a Canadian-listed international gold mining and exploration company with three 100%-owned operating gold mines and strong exploration assets located in highly prospective gold regions across Nicaragua. The Company is focused on unlocking resources and generating value through sustainable operating performance and a disciplined approach to growth. Since the acquisition of the Limon and Libertad gold mines and Pavon Gold Project, Calibre has proceeded to integrate its operations into a 'hub-and-spoke' operating philosophy whereby the Company can take advantage of reliable infrastructure, favorable transportation costs, and multiple high-grade ore sources that can be processed at either Limon or Libertad, which have a combined 2.7 million tonnes of annual mill throughput capacity.



    The Company believes that investors use certain non-IFRS measures as indicators to assess gold mining companies, specifically Total Cash Costs per Ounce and All-In Sustaining Costs per Ounce. In the gold mining industry, these are common performance measures but do not have any standardized meaning. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company’s performance and ability to generate cash flow. Accordingly, it is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

    Total Cash Costs per Ounce of Gold: Total cash costs include mine site operating costs such as mining, processing, and local administrative costs (including stock-based compensation related to mine operations), royalties, production taxes, mine standby costs and current inventory write downs, if any. Production costs are exclusive of depreciation and depletion, reclamation, capital, and exploration costs. Total cash costs per gold ounce are net of by-product silver sales and are divided by gold ounces sold to arrive at a per ounce figure.

    All-In Sustaining Costs per Ounce of Gold: A performance measure that reflects all of the expenditures that are required to produce an ounce of gold from current operations. While there is no standardized meaning of the measure across the industry, the Company’s definition is derived from the AISC definition as set out by the World Gold Council in its guidance dated June 27, 2013 and November 16, 2018. The World Gold Council is a non-regulatory, non-profit organization established in 1987 whose members include global senior mining companies. The Company believes that this measure will be useful to external users in assessing operating performance and the ability to generate free cash flow from current operations. The Company defines AISC as the sum of total cash costs (per above), sustaining capital (capital required to maintain current operations at existing levels), capital lease repayments, corporate general and administrative expenses, exploration expenditures designed to increase resource confidence at producing mines, amortization of asset retirement costs and rehabilitation accretion related to current operations. AISC excludes capital expenditures for significant improvements at existing operations deemed to be expansionary in nature, exploration and evaluation related to resource growth, rehabilitation accretion and amortization not related to current operations, financing costs, debt repayments, and taxes. Total all-in sustaining costs are divided by gold ounces sold to arrive at a per ounce figure.

    Cautionary Note Regarding Forward Looking Information

    This news release includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. Forward-looking statements necessarily involve assumptions, risks, and uncertainties, certain of which are beyond Calibre’s control. For a listing of risk factors applicable to the Company, please refer to Calibre’s annual information form for the year ended December 31, 2020, available on This list is not exhaustive of the factors that may affect Calibre’s forward-looking statements.

    Calibre’s forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. Calibre does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change other than as required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, undue reliance should not be placed on forward-looking statements.