Morning Briefing: Calibre Hits Sulphide Mineralization at Gold Rock

Welcome to Mining Stock Daily. I’m Trevor Hall. 

Today is Tuesday November 22nd. 

We will get to the news from the miners and explorers in a moment, but first a word about today’s sponsor.

This episode of Mining Stock Daily is brought to you by… Integra Resources

Integra Resources is advancing the past-producing DeLamar Project in southwestern Idaho. The Company has continued to demonstrate resource growth and conversion through greenfield and brownfield exploration to further de-risk and advance the project towards permitting. Integra Resources trades on the TSX-V under ITR and the NYSE American under ITRG.

And here’s what you need to know this morning….

Calibre Mining announced results from its drill program at the Gold Rock Project in Nevada, along the Battle Mountain - Eureka gold trend. The initial purpose of the 2022 drill program was to de-risk the Gold Rock, near-surface oxide project through infill and condemnation drilling, geo-metallurgical classification, and structural modelling. During the program, Calibre intersected high-grade, sulphide mineralization in areas previously untested by drilling. Results include 5.5 g/t Au over 3.0 metres, 7.1 g/t over 2.1m, 3.0 g/t Au over 19.2 metres and 3.2 g/t Au over 43.8 metres including 6.1 g/t Au over 8.1 metres. Multi-element analysis reveals increasing arsenic, bismuth, and tellurium geochemistry, suggesting a highly favourable gold environment while magnetic data shows a large, deep seated magnetic low, typical of Carlin-style feeder systems. Calibre Mining trades on the TSX with CXB and on the OTCQX with CXBMF. News Release

Skeena Resources announced the discovery of a new Rhyolite-hosted mineralization located east of the 22 Zone as part of the recently completed 2022 regional and near mine exploration drilling campaigns at the Eskay Creek gold-silver Project in British Columbia. Intersecting 1.79 g/t Au, 32.0 g/t Ag (2.15 g/t AuEq) over 40.67 m, SK-22-1054 is situated 200 metres east of the 22 Zone starting at a vertical depth of only 23 metres below surface. Hosted entirely within Rhyolite breccias, this discovery has the style of mineralization, alteration and geochemical signature consistent with feeder style mineralization encountered throughout the main Eskay Creek Deposits. This new discovery remains open in all directions and additional work will be required to determine the geometry of the mineralization. Skeena Resources trade on the TSX and the NYSE with SKE. News Release

Defiance Silver has resumed drilling after encouraging results showed high-grade Ag-Ag-Zn-Pb mineralization in the heart of the Veta Grande vein system at the Zacatecas silver project, further extending the limits of mineralization below the 2014 resource area. The approximate 4000m program is an extension of the previous phases of drilling and will focus on newly discovered deep historic workings east of the previously known limit of mining, Down-plunge of the high-grade results below the current resource estimate, the footwall vein north of the main Veta Grande structure, and the recently identified cross structures and vein splays with the potential to host significant mineralization. Defiance Silver trades on the TSXV with DEF and on the OTCQX with DNCVF. News Release

Rio2 announced it has entered into a binding agreement to sell a package of Chilean royalty interests to Osisko gold Royalties for an aggregate consideration of $5 million. The royalty sale provides for the sale of Rio2’s 1.5% royalty on the Anocarire Project and its 1.25% royalty on the Horizonte Project. Rio2 is currently in an administrative appeal process with the Chilean Government with respect to the Environmental Impact Assessment for the development of its Fenix Gold Project. Rio2 trades on the TSXV with RIO and on the OTCQX with RIOFF. News Release

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