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Calibre Mining (CXB.V) Feb 2012
 

Calibre Mining (CXB.V) Feb 2012

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    Calibre Mining (CXB.V) Feb 2012 Calibre Mining (CXB.V) Feb 2012 Presentation Transcript

    • AD V A N C E D G O L D - C O P P E R - S I L V E R E X P L O R A T I O N - M I N I N G T R I A N G L E , N I C A R A G U AJanuary 2012TSX.V: CXB www.calibremining.com
    • Forward Looking Statement Certain statements in this document constitute “forward looking statements” which may not be based on historical fact. Such forward looking statements involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results to be materially different from any future results, performance, or achievements expressed or implied by such forward looking statements. Such factors include, among others, the following: actual results of exploration and development activities; the costs and timing of the development of new deposits; future prices of precious and base metals; accidents; risks inherent in mineral exploration; risks associated with development, construction and mining operations; restrictions on foreign ownership; the Company’s history of operating losses and uncertainty of future profitability; uncertainty of access to additional capital; and environmental liability claims and insurance. This presentation is not an offer to purchase securities and does not constitute an offering document under Securities legislation. SLIDE 2
    • INVESTMENT HIGHLIGHTS• Calibre’s Borosi gold-copper-silver project: over 860 km2 property in the prolific Borosi Concession Area “Mining Triangle” of NE Nicaragua, Central America Puerto Cabezas (airport/port)• The Mining Triangle has produced >7.9M ozs gold; one gold mine currently in Bonanza (Gold Mine) production (Bonanza) produces 45,000 ozs/year Riscos de Oro La Luz-Siuna Rosita &• New porphyry gold/copper discovery made at the Primavera project in Primavera conjunction with B2Gold (Nicaragua’s largest gold producer), where B2Gold is earning a 51% interest in the Primavera project and certain additional Borosi concessions by spending $8.0 M on exploration by June, 2014. Once the earn- in is compete, B2Gold may elect to carry an individual prospect within the concession area through to a Preliminary Feasibility Study for an additional El Limon (Gold Mine) . B2 GOLD CORP. 14% interest in the prospect. Managua La Libertad (Gold Mine)• Primavera discovery drill hole: 261.7 m grading 0.78 g/t Au, 0.30% Cu B2 GOLD CORP.• Calibre 100%-owned NI 43-101 Compliant Inferred Resource totaling 835,000 ozs Gold and 4.3 million ozs Silver• 100%-owned Riscos de Oro epithermal gold-silver project: 9,427m delineation drilling completed to date• Option with Alder Resources Ltd. on the Rosita copper skarn project SLIDE 3
    • Experienced Team Share StructureDouglas B. Forster, M.Sc., P.Geo - Executive Chairman of the Board Issued & Outstanding 166,965,918 • 30+ years of resource project development, M&A, equity finance and Options 17,050,000 public company management; • Founder and director of numerous public companies; Yamana Warrants 10,000,000 * • President & CEO of Featherstone Capital Inc. Fully Diluted 194,015,918Edward Farrauto, CGA - President & CEO, Director • 20+ years experience as CFO and director of several public companies; Fully Diluted Cash Position ~$14,750,000 • Founder and director of several public companies;Paulo Santos, CA - Chief Financial Officer Working Capital ~$2,000,000 • 10+ years experience with public accounting, auditing, and regulatory compliance Significant ShareholdersGreg Smith, P.Geo - VP Exploration Management and Insiders ~10% • 23+ years exploration experience with both junior & senior operations; Sun Valley Gold ~8% • Involved in successfully outlining 10+ million ounces of gold discoveries. Yamana Gold ~7%Blayne Johnson - Lead Director • 20+ years of capital markets experience; * In conjunction with the purchase of the Borosi Concessions in 2009, Calibre granted 10 million warrants to Yamana • Former VP of First Marathon Securities; present Chairman of Featherstone Gold (5 million exercisable at $0.50 and 5 million exercisable Capital Inc. at $1.00). The warrants expire in July 2014 and are only exercisable if Calibre delineates at least 2.5 million NI 43-101George Salamis - Director Measured and Indicated compliant ounces of gold equivalent • 20+ years exploration, development and operations experience; (total of gold and copper resources). • Current President & CEO of Edgewater Exploration Ltd.Hon. John Reynolds, P.C. - Director • 35+ years experience in politics, former Member of Parliament, and a member of the Queen’s Privy Council for Canada; • Present Strategic Senior Advisor at McMillan LLP. SLIDE 4
    • WORKING IN NICARAGUA• Democratic Republic with President Ortega elected to a new 5 year term in Nov. 2011• Gold is Nicaragua’s No. 3 export• Gold has helped Nicaragua’s economy grow by 4% annually in the past year, the highest rate in Central America• Annual gold production has more than doubled in the past 3 years• Supportive mining laws, including favourable tax regime• 25 year exploration and 50 year exploitation permits• Economist Intelligence Unit ranks Nicaragua as one of the safest countries in Central America SLIDE 5
    • BOROSI GOLD-SILVER-COPPER CONCESSIONS 2.8 M oz Au Production to date 305M lbs Cu Historic ProductionCerro AeropuertoNI43-101 Inferred Resource 707,750 oz Au 3.14 mm oz Ag La Luna NI 43-101 Inferred Resource 127,700 oz Au 1.14 mm oz Ag 2.3 M oz Au Historic Production Borosi project is road accessible and close to power, people and infrastructure SLIDE 6
    • PRIMAVERA GOLD/COPPER PROJECT • Located 8 km south of the town of Rosita Airborne Radiometric Survey • Road accessible with national power grid located 1.2 km from the project • Joint venture with B2Gold: B2Gold can earn a 51% interest by spending $8M by June, 2014 ($4.0 M spent to December 2011). Once the earn-in is complete, B2Gold may elect to carry an individual prospect within the concession area through to a Preliminary Feasibility Study for an additional 14% interest in the prospect • New Porphyry gold/copper discovery • Airborne geophysical survey outlines a large 5 km by 5 km interpreted intrusive/volcanic complex • Over 800 m by 300 m gold/copper soil geochem anomaly (open) identified at Primavera • Similar style of mineralization to the Maricunga gold deposit, Chile: +6.0M ozs* gold and the Cerro Casale Maricunga Gold Deposit gold-copper deposit, Chile: +22.0 M ozs gold, 5.7 B lbs + 6.0 M ozs Gold * copper ** 2 Km 2 Km • 3 drill holes completed in Dec. 2011: Phase 2 drilling now underway* Proven + Probable: 6.0 M ozs Au; Measured + Indicated : Sampleozs Au (Kinross Rock 3.4 M B10R137 Gold Corp. website) Primavera** Proven & Probable: 22 M ozs Au, 5.7 B lbs Cu (Barrick Gold Corp. website) SLIDE 7
    • PRIMAVERA GOLD/COPPER SOIL GEOCHEMISTRY Gold in Soil Geochemistry Copper in Soil Geochemistry PR11-001 PR11-001 PR11-002 PR11-002 PR11-003 PR11-003 Interval Gold Copper • Over 800 m by 300 m gold/copper soil Trench ID (m) (g/t ) (ppm) geochemistry anomaly (open)PRTR11-005 51.25 1.53 680 • Trenches returned long intervals ofPRTR11-010 107.00 0.78 980 continuous gold-copper mineralizationPRTR11-011 179.40 0.63 997 including 179.4m grading 0.63g/t Au and 997 ppm CuPRTR11-012 58.00 0.70 1313PRTR11-013 49.50 0.25 1100 • Very sparse rock outcrop in region withPRTR11-014 51.70 0.42 1286 up to 10m of overburden and saprolite SLIDE 8
    • PRIMAVERA GOLD/COPPER PROJECT• 668 metres of diamond drilling complete in 3 drill holes (Dec. 2011); drilling re-commenced in January, 2012• Mineralization in the drill holes is comprised of quartz-magnetite- chalcopyrite-bornite veins and vein stockwork within broad zones of potassically-altered intermediate volcanic and intrusive rocks January 2012 Primavera Drill Hole Intercepts From To Gold Copper Drill Hole Length (m) (m) (m) (g/t ) (ppm) PR-11-001 0.00 276.80 276.80 0.50 2,146 includes 0.00 103.00 103.00 0.85 3,240 PR-11-002 1.5 263.20 261.70 0.78 2,966 includes 1.5 209.00 207.50 0.89 3,378 includes 74.50 209.00 134.50 1.01 3,561 PR -11-003 4.00 127.85 123.85 0.65 2,752 includes 50.50 127.85 77.35 0.74 3,114 Gold in Soil Geochemistry PR11-001 PR11-002 PR11-003 SLIDE 9
    • PRIMAVERA GOLD/COPPER PROJECT DRILL HOLE PR11-002 Ground Surface 261.70m grading 0.78 g/t Au, 0.30% Cu Continuous Au/Cu Mineralization Scale SLIDE 10Looking Northeast
    • PRIMAVERA GOLD/COPPER PROJECT Primavera Drill Hole PR11-001 Intercepted: 103.0 m grading 0.85 g/t Au, 0.32% Cu Pictured drill intercept assayed: 2.00m @ 1.11 g/t Au and 0.42% Cu (Section 76.00m – 78.00m of Hole PR11-001) SLIDE 11
    • PRIMAVERA GOLD/COPPER PROJECT Total Magnetic Intensity Ground Survey Gold – Copper mineralization associated with magnetic low PR11-001 PR11-002 PR11-003 Total Magnetic Intensity Airborne Survey Drilling Site 2 Km Area of TMI Ground Survey SLIDE 12
    • PRIMAVERA GOLD/COPPER PROJECT• Primavera: new trenching/drilling gold/copper discovery• 1.2 km access road has been completed from the main Siuna-Rosita road to site• National power grid located 1.2 km west of Primavera discovery• Subdued topography with main land use including subsistence farming and ranching Main road and power line to Rosita Site of Trenching & Drilling 1.2 km SLIDE 13
    • PORPHYRY GOLD/COPPER DEPOSITS OF CENTRAL AMERICA AND CORDILLERA Tonnes Au Cu Au Eq. Contained Au Contained Cu Deposit (Mt) (g/t) (%) (g/t)* (Million ozs) (Billion lbs) Cerro Casale 1,200 0.59 0.22 0.94 23.1 5.78 Chapada 429 0.24 0.26 0.65 3.1 2.15 El Morro 537 0.49 0.52 1.31 8.2 6.08 Primavera New Porphyry Gold-Copper Discovery Agua Rica 908 0.22 0.49 1.00 22.1 9.78 Maricunga 269 0.70 0.00 0.70 6.0 0.00 Alumbrera 390 0.51 0.47 1.25 6.4 4.03 Kemess South 109 0.71 0.23 1.07 2.5 0.56 Cobra Panama Mt. Milligan 531 0.34 0.20 0.66 6.0 2.12 19.6 B lbs Copper 4.9 M ozs Gold Cobra Panama 2,143 0.07 0.41 0.72 4.9 19.59 Cerro 1,400 0.08 0.78 1.31 3.5 24.00 Colorado Primavera ** - 0.76 0.30 1.23 - - * Au Eq. (g/t): Gold Equivalent calculated using $1,300 oz gold and Cerro Colorado $3.00/lb copper and metallurgical recoveries and net smelter returns 24.0 B lbs Copper are assumed to be 100%. 3.5 M ozs Gold ** Weighted average grade of first 3 drill hole intercepts PR11-001, PR11-002, PR11-003. Rock Sample B10R137 Resource Information derived from Website Sources SLIDE 14
    • RISCOS DE ORO DISTRICT POTENTIAL – 100% CALIBRE OWNED• Low Sulfidation Epithermal Gold-Silver Vein District• Comparable to nearby Bonanza Camp in Calibre Drill Program, including drill holes:  RD11-012: 7.69 g/t Au; 211.8 g/t Ag; 10.6m geology, mineralization, and structure RD11-010: 10.25 g/t Au; 288.25 g/t Ag; 8.5m (past production of +2.8 million ozs Au)• Gold – Silver System extends over 7 km from the El Paraiso and Murcielago targets Northeast towards Riscos de Oro• Completed 9,427m of resource delineation drilling at Riscos in 37 holes with epithermal gold-silver intercepts including 7.69 g/t Au, 211.80 g/t Ag over 10.6m• Historic trenching at Murcielago adit returned 12.4 g/t Au over Riscos de Oro Historical Trench: 3.0 metres 12.43 g/t Au 93.00 g/t Ag• Multiple parallel veins identified Over 3.0 metres• Cumulative prospective geology / structure of 15km strike length SLIDE 15
    • RISCOS DE ORO – DRILL PLAN A • 9,427m of delineation drilling completed • Former open pit and underground mine to 90m depth A’ only • Gold-Silver mineralization defined over 725m strike length to a depth of 300m • Drilling Highlights:  RD11-012: 7.69 g/t Au, 211.80 g/t Ag over 10.6mRiscos de Oro  RD11-010: 10.25 g/t Au, 288.25 g/t Ag over 5.4m  RD10-009: 4.23 g/t Au, 384.86 g/t Ag over 8.53m • Multiple mineralized veins and structures SLIDE 16
    • Riscos de Oro Cross Section (A to A’) Historic GroundA Surface (Mined Out) A’ Historic DrillingGround Surface Saprolite 50 m Limit of Historic Underground Mining OPEN RD11-011 6.41 g/t Au and 139.21 g/t Ag 3.62 metres RD11-010 10.25 g/t Au and 288.25 g/t Ag 5.4 metres Including: 24.00 g/t Au and 714.25 g/t Ag 2.0 metres RD10-003 RD11-012 8.81 g/t Au and 55.74 g/t Ag 7.69 g/t Au and 211.80 g/t Ag 3.4 metres 10.60 metres Including: Including: 11.05 g/t Au and 72.30 g/t Ag 9.16 g/t Au and 252.50 g/t Ag 2.3 metres 6.65 metres And OPEN 10.02 g/t Au and 268.00 g/t Ag 2.00 metres SLIDE 17
    • RISCOS DE ORO GOLD-SILVER PROJECT – 100% CALIBRE OWNED Assay Highlights from Drilling Programs from 2010 / 2011: From To Interval Gold Silver Hole ID (m) (m) (m) (g/t ) (g/t)RD10-001 177.60 183.40 5.80 2.44 292.60 Riscos de Oro including 177.60 178.40 0.80 14.05 1,990.00RD10-009 160.70 169.23 8.53 4.23 384.86 including 168.28 169.23 0.95 17.85 2,810.00RD11-010 167.1 168.6 1.50 5.98 9.10 including 224.5 226.5 2.00 24.00 714.25RD11-012 249.30 259.90 10.60 7.69 211.87 including 249.30 255.95 6.65 9.16 252.50RD11-015 182.00 184.20 2.20 5.44 405.55RD11-016 198.50 205.60 7.10 2.72 287.65 including 201.92 205.60 3.68 3.61 518.44RD11-019 121.15 126.95 5.80 9.37 64.80 including 125.15 126.95 1.80 13.82 132.10RD11-026 208.84 211.42 2.58 8.74 120.50RD11-029 282.52 284.97 2.45 10.30 56.70 SLIDE 18
    • RISCOS DE ORO GOLD-SILVER PROJECT – 100% CALIBRE OWNED Riscos de Oro RD11-016 Intercepted: 7.10m of 2.72 g/t Au & 287.65 Ag Pictured intercept assayed: 3.68m @ 3.6 g/t Au and 518 g/t Ag (Section 201.92m – 205.60m of Hole RD11-016) SLIDE 19
    • CERRO AEROPUERTO NI 43-101 INFERRED RESOURCE Hole From (m) To (m) Length Au (m) (g/tonne) CA-07-01 194.80 197.80 3.00 19.72 CA-07-01 242.80 266.80 24.00 5.75 CA-07-02 242.00 244.00 2.00 25.08 CA-07-02 257.50 259.70 2.20 16.94 CA-07-03 303.00 306.00 3.00 4.16 CA-07-03 316.00 318.00 2.00 7.34 CA-08-04 237.00 240.00 3.00 2.10 CA-08-08 263.80 266.40 2.60 2.01 Historic La Luz Mine Open Pit CA-08-16 9.00 13.95 4.95 2.50 CA-08-16 111.00 116.00 5.00 7.23 CA-08-16 174.70 177.20 2.50 6.56 Cerro Aeropuerto • 100% Calibre owned Tonnes and Grade Total Contained MetalCutoffgrade Tonnes Au Ag Au Eq1 Au Ag Au Eq1 • High Grade Gold SkarnAu Eq (mm 500m System (mm) (g/t) (g/t) (g/t) (ounces) (ounces)(g/t)1 ounces) 0.2 6.85 3.24 14.69 3.47 714,640 3.23 765,290 • New NI 43-101 inferred 0.4 6.22 3.55 15.95 3.80 709,820 3.19 759,780 resource 0.6 6.05 3.64 16.16 3.89 707,750 3.14 757,000 • 500 metres south of 0.8 5.66 3.86 15.95 4.11 702,330 2.90 747,750 historic La Luz Mine (past 1.0 5.40 4.02 15.93 4.27 696,910 2.76 740,200 production of 2.7 M oz Au 1.Au Eq cutoff equivalent production) calculated using Wardrop’s estimated gold price of • Deposit is open to the US$1058/oz and silver price of US$16.57 per oz. north & south 2.Mineral resources that are not mineral reserves do not have SLIDE 20 economic viability
    • Rosita D Concession – Calibre/Alder Option • New partner in Alder Resources; Alder to spend C$4 million over the next four years to earn a 65% stake in Calibre’s Rosita D Concession • Rosita D concession consist of an area of Rosita Historical Open Pit 3,356 hectares • Historic open pit Santa Rita copper-gold mine boasts total historic production from skarn mineralization estimated at 305 mm Rosita lbs of Cu, 177,737 ozs of Au, and 2,629,720 ozs of Ag from 5,924,572 tons of ore (Arengi, 2002) • Recent significant trenching results include Trench STR 11 -002 returning 1.06 g/t Au, 0.96% Cu and 9.33 g/t over 12 m • Phase One exploration commenced,Rosita Historical Open Pit including 5,000 metres of “RC” and diamond drilling SLIDE 21
    • EXPLORATION TIME LINE / NEWS FLOW 2012 Q1 Q2 Q3 Q4 Exploration Calibre/B2Gold Option for Porphyry Gold/Copper 100% Calibre owned Systems concessions Target Primavera – Calibre/B2Gold Delinineation Drilling Rosita Copper Project – Calibre/Alder Resources Option Riscos de Oro - 100% Calibre Data Review Drilling Results Compilation RESULTS Drill Results from Riscos de Oro, Rosita, Primavera SLIDE 22
    • Contact: Mark Carruthers, Investor Relations Phone: 604 681 9944 Email: mcarruthers@calibremining.com Website: www.calibremining.com TSX – V: CXBM I N I N G C O R P.