Calibre Mining Corp (CXB)

[geopic]

Turns out those buys, late last year, are looking good today.

The news helps: "Calibre samples 64 g/t Au, 109 g/t Ag at Santa Maria

2011-01-18 09:52 ET - News Release


Mr. Robert Brown reports

CALIBRE DISCOVERS HIGH GRADE EPITHERMAL GOLD VEIN SYSTEM AT THE SANTA MARIA PROSPECT, NICARAGUA

Calibre Mining Corp. has completed an initial fieldwork program on the Santa Maria prospect in northeast Nicaragua and has discovered a high-grade epithermal gold vein system over a 600-metre strike length with grab and composite chip panel samples grading up to 64.1 grams per tonne gold (1.87 ounces per ton Au) and 109 g/t silver (3.18 ounces per ton Ag). The program consisted of reconnaissance geologic mapping over a nine-square-kilometre area, a four-line-kilometre soil sampling survey, and 37 rock chip and grab samples. Mapping has outlined a two-kilometre-long, north-striking, epithermal vein system hosted in andesite volcanics. Soil sampling results over a portion of this area outlined an open-ended, 800-metre-by-40-metre coincident gold and copper in-soil anomaly (with results up to 828 parts per billion Au and 710 parts per million Cu). Multiple rock chip and grab samples coincident with the soil anomaly returned values of over nine g/t Au from quartz veins and andesite tuffs. The sampling and soil survey results are provided in a table within this release and on the Calibre website. The Santa Maria prospect is subject to an option agreement with B2Gold Corp., whereby Calibre is acting as operator and B2Gold may earn up to a 51-per-cent interest in specific concessions within the Borosi area by financing $8-million in expenditures over a five-year period..

Added more last week at .12; sold some today but keeping the rest. this is good news.
g.p.