Mining of the Primavera Gold-Copper Porphyry Deposit in Northeast Nicaragua was announced in late July by Calibre Mining Corporation. The 2017 mining program will test priority targets in the Primavera Gold-Copper Porphyry district. This is the first drilling program at Primavera since 2012 and has gained global attention.
The President and CEO of Calibre, Greg Smith, has expressed his support of the development stating, “We are extremely excited to get back drilling on our flagship 100% owned Primavera Gold-Copper Porphyry District. Calibre’s exploration programs within the five km by four km Primavera target area have identified numerous high priority geochemical, geophysical, and geologic targets which highlight the potential for further gold-copper porphyry discoveries within the Primavera district. Porphyry gold-copper deposits tend to occur in clusters and to date Calibre has discovered the first porphyry deposit in Nicaragua that hosts a 1.2 million AuEq ounce resource.”
Drilling will be guided by recommendations made by Dr. Richard Sillitoe, one of the world’s foremost porphyry experts, after his February 2017 site visit. Sillitoe’s reputation as a world-renowned economic geologist and technical advisor for Medgold Resources Corporation has resulted in his 40+ years of experience in diverse regions including Europe, the Americas, Africa, Australia, Southeast Asia, and the Western Pacific. In fact, he was the first non-American President of the Society of Economic Geologists, and has authored over 100 field articles and published two books.
A Global News Wire article on the project reports, “Calibre owns a 100% interest in over 413 km2 of mineral concessions in the Mining Triangle of Northeast Nicaragua including the Primavera Gold-Copper Project and Santa Maria Gold Project. The Primavera Project zone consists of classic porphyry style gold-copper mineralization...and banded quartz-magnetite veins.” The project has the potential to bring jobs, and valuable resources to the country.