3. INVESTMENT HIGHLIGHTS
CALIBRE INVESTMENT HIGHLIGHTS CALIBREMINING.COM 3
•
IAMGOLD PARTNERSHIP:
•
IAMGOLD spending $5M over 3 years,
•
+5,000 metre diamond drilling program on-going,
•
NEW DISCOVERY; 4.8m grading 25.7 g/t Au and 35 g/t Ag and 6.0m grading 14.4 g/t Au and 14.5 g/t Ag, 6.5m grading 16.9g/t Au and 20.9 g/t Ag
•
B2GOLD PARTNERSHIP:
•
B2GOLD Spending an additional $6m over 3 years,
•
NEW DISCOVERY at Minnesota Gold Project,
•
Discovery Trench 62m grading 1.76 g/t gold and open
•
100% CALIBRE :
•
Montes de Oro Target in the Siuna District,
•
NEW DISCOVERY; 52.3 metres grading 7.1 g/t gold and 27.5 metres grading 4.93 g/t gold within a 400 metre by 650 metre gold-silver-copper-zinc soil anomaly
•
Recent $2M Strategic Investment by Pierre Lassonde
•
CALIBRE HAS MULTIPLE CHANCES FOR SUCCESS ON THE BOROSI CONCESSIONS
Partnered
for
Discovery
4. EXPERIENCED TEAM
PARTNERS
Greg Smith, P.GeoPresident & CEO, Director
» 25+ years exploration experience with both junior & senior operations;
» Involved in successfully outlining 10+ million ounces of gold discoveries.
Paulo Santos, CAChief Financial Officer
» 10+ years experience with public accounting, auditing, and regulatory compliance
Edward Farrauto, CGA Director
» 20+ years experience as CFO and director of public companies;
» Founder and director of several public companies
George Salamis Director
» 20+ years exploration, development and operations experience;
» 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;
» Strategic Senior Advisor at McMillan LLP.
Ryan King, Vice President
» 10 years of resource sector, equity financing and public company experience
B2Gold Corp.
Nicaragua’slargestgoldproducerledbyCliveJohnsonandTomGaragan,withtwogoldminesinNicaraguaandonegoldmineinthePhilippinesandastrongportfolioofdevelopmentandexplorationassets
IAMGOLDCorp.
Midtiergoldproducerwithsixoperatinggoldminesonthreecontinentsandoneoftheworld’sthreeniobiummines.
Alder Resources
Toronto-based junior exploration company with a focus on exploration for base and precious metals in the Americas.
SHARE STRUCTURE
Issued and Outstanding222,910,918
Options13,450,000
Fully Diluted 248,860,918
Fully Diluted Cash Position$7,021,500
Working Capital$3,000,000
Significant Shareholders
B2Gold Corp.13.50%
Pierre Lassonde11.20%
Management9.00%
CALIBRE TEAM CALIBREMINING.COM 4
FEATHERSTONE CAPITAL
Douglas B. Forster, M.Sc., P.GeoExecutive Chairman of the CalibreBoard
» President & CEO of Featherstone Capital Inc.
» 30+ years of resource project development, M&A, equity finance and public company management;
» Founder and director of numerous public companies
Blayne JohnsonLead Director of CalibreBoard
» 25 years of capital markets experience;
» Former VP of First Marathon Securities
» Chairman of Featherstone Capital Inc.
SENIOR ADVISOR
Raymond Threlkeld
» 30+ years of experience in the mineral resource industry
» Previously held position of President and CEO of Rainy River Resources ltd and Western Goldfields before begin acquired
»Former VP, Development of BarrickGold Corp., responsible for placing more than 30 million ounces of gold into production in Africa, South America and Australia
5. » Democratic Republic with President Ortega elected to a new 5 year term in Nov. 2011
» Gold is Nicaragua’s No. 1 export in 2013
» 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, and favourable tax regime
» Economist Intelligence Unit ranks Nicaragua as one of the safest countries in Central America
NICARAGUA: STABLE & SAFE
UNDER EXPLORED MINING ENVIRONMENT
WORKING IN NICARAGUA CALIBREMINING.COM 5
6. 111111xplo
1) IAMGOLD Option
2) B2Gold Joint Venture
3) Calibre 100% Owned
4) Alder Res. Option
BOROSI GOLD, SILVER AND COPPER CONCESSIONS (785 KM2) “MINING TRIANGLE DISTRICT” 7.9 million ozs past gold production –District Underexplored
BOROSI CONCESSION AREA CALIBREMINING.COM 6
Blag
Riscos
De Oro
Primavera
La Luz
Cerro Aeropuerto
Montes De Oro
Bambana
La Luna
Minnesota
Santa Rita
Guapinol
SIUNA
BONANZA
ROSITA
MANAGUA
BOROSI CONCESSIONS
a. Riscos de Oro
b. Guapinol;2014 High grade Gold Discovery
c. Blag and others
a. Minnesota; 2014 Gold Discovery
b. Primavera(Gold/Copper)
a.Montes De Oro;High
Grade Gold Discovery
b. Cerro Aeropuerto
c.La Luz; Past Gold Producer
a.Santa Rita
b. Bambana
7. EASTERN BOROSI GOLD DISTRICT –Optioned to IAMGOLD (176 km2)
EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 7
» IAMGOLD has the right to earn 51% of the Eastern Borosi Project by spending $5 million and cash payments of
$450,000 over three years
» IAMGOLD can earn a further 19% for a total of 70% by spending an additional $5 million and further payments of $450,000 over a second three year period
» Low Sulphidation Epithermal Gold-Silver District
» Multiple trends totaling more than 18 kilometres in length –each with a series of sub-parallel gold-silver bearing structures
8. EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 8
5,000m Diamond Drill Program –Commenced July 2014
EASTERN BOROSI GOLD DISTRICT –Optioned to IAMGOLD
2012 –New Gold Resource at Riscos de Oro
2014 –Phase 1 Drilling Continues at Guapinol
10. EASTERN BOROSI GOLD PROJECT CALIBREMINING.COM 10
EASTERN BOROSI GOLD PROJECT –Phase 1 Drill Program
2014 DRILLING PROGRAM EXPANDED
Additional Drilling Approved for 2015
11. B2GOLD JOINT VENTURE CALIBREMINING.COM 11
B2GOLD JOINT VENTURE and OPTION (322.3 km2)
» Joint Venture with B2Gold: B2Gold have earned a 51% interest in 322 sq km of concessions, by spending $8M. B2Gold and Calibre Mining have entered into an agreement granting B2Gold an option to acquire a further 19% interest by spending an additional $6.0 million in project expenditures over 3 years.
Primavera
Minnesota
Santo
Thomas
12. C
MINNESOTA GOLD PROJECT
GOLD GEOCHEMISTRY
MINNESOTA GOLD PROJECT CALIBREMINING.COM 12
B2GOLD/CALIBRE MINING JOINT VENTURE
» Soil / Rock Gold Anomaly > 3 km long
ID
From (m)
To (m)
(m)
Au (g/t)
MINTR14-001
0.00
14.55
14.55*
0.87
including
1.50
10.00
8.50
1.22
MINTR14-002
0.00
15.00
15.00*
0.41
MINTR14-003
0.00
6.00
6.00
0.21
MINTR14-005
2.00
3.50
1.50
0.77
MINTR14-006
0.00
14.80
14.80*
1.85
MNTR13-001
0.00
7.50
7.50
3.93
MNTR13-002
0.00
9.20
9.20
4.17
BRTR11-044
0.00
6.40
6.40
5.56
BRTR11-047
0.00
8.00
8.00
6.35
BRTR11-053
0.00
4.65
4.65
1.51
BRTR11-054
0.00
6.00
6.00
2.12
BRTR11-057
0.00
12.80
12.80
1.27
62m grading 1.76 g/t Gold
» gold mineralization exposed in intensely sericitized granodiorite with strong hematite staining and variable silicification
» on-going exploration consisting of extension to existing trenches and
>100 metre step out trenches to test zone along strike
» drilling decision expected Q4 2014
13. » sampling and mapping has identified multiple targets consisting of multi-phase intrusive with numerous vein sets and wide spread alteration over 1.75kms by 1.25kms
MINNESOTA GOLD PROJECT
MINNESOTA GOLD PROJECT CALIBREMINING.COM 13
NEW GOLD DISCOVERY Trench MNTR14 –06,07,08 and 09
with 61m grading 1.76 g/t Gold
B2GOLD/CALIBRE MINING JOINT VENTURE
2014 NEW GOLD DISCOVERY
Trench MNTR14 –06/09
with 62m grading 1.76 g/t Gold
14. » Road accessible with national power grid located 1.2 km from the project, 8km from town of Rosita
» Airborne geophysical survey completed over a large 5km by 5km interpreted intrusive/volcanic complex. Additional ground surveys completed
» 32 drill holes completed totaling 13,414m
» The higher grade Gold/copper porphyry mineralization has been intersected in drill holes over a 300m by 300m area and to a depth of 300m
PRIMAVERA GOLD/COPPER PROJECT CALIBREMINING.COM 14
COPPER IN SOIL GEOCHEMISTRY
GOLD IN SOIL GEOCHEMISTRY
AIRBORNE RADIOMETRICS
PRIMAVERA GOLD/COPPER PROJECT;
B2GOLDCALIBRE JOINT VENTURE
2011 NEW GOLD/COPPER DISCOVERY
Drill Hole PR11–001
277m grading 0.5 g/t Gold & 0.21 % Cu
» mineralization comprised of quartz-magnetite- chalcopyrite-bornite veins and vein stockwork within broad zones of potassically and propylitically-altered intermediate volcanic and intrusive rocks
15. PRIMAVERA DRILL RESULTS HIGHLIGHTS*
Drill Hole
From
To
Length
Gold
Copper
AuEq**
(m)
(m)
(m)
(g/t)
(ppm)
(g/t)
PR-11-001
0.00
276.80
276.80
0.50
2146
0.84
PR-11-002
1.50
263.20
261.70
0.78
2966
1.25
PR -11-003
4.00
327.20
323.20
0.41
1843
0.70
includes
4.00
150.50
146.50
0.65
2742
1.08
PR-12-005
207.50
372.50
165.00
0.31
1713
0.58
PR-12-008
107.65
280.00
172.35
0.48
2401
0.86
PR-12-011
6.95
166.48
159.53
0.46
2008
0.78
PR-12-016
0.00
201.35
201.35
0.77
3567
1.34
PR-12-023
0.00
455.80
455.80
0.20
1138
0.39
PR-12-024
655.60
656.70
1.10
18.28
252
18.33
and
673.00
674.50
1.50
11.95
2373
12.33
PRIMAVERA GOLD/COPPER PROJECT RESULTS
*Complete drill results available on Calibre Mining’s website
**AuEq (g/t) Gold Equivalent calculated using 1,300/oz gold and $3.00/lb copper
Metallurgical recoveries and net smelter returns are assumed to be 100%.
Note: Holes 1-3 Jan. 20, 2012, Holes 4-10 April 16, 2012, holes 11-13 June 28, 2012 holes 14-32 Jan 2013
PRIMAVERA GOLD/COPPER PROJECT CALIBREMINING.COM 15
PICTURED DRILL INTERCEPT ASSAYED
» 5.52m @ 0.59g/t Au and 0.29% Cu (Section 196.93m-202.45m of Hole PR12-008)
Trench ID
Interval (m)
Gold (g/t)
Copper (ppm)
PRTR11-005
51.3
1.53
680
PRTR11-010
107.0
0.78
980
PRTR11-011
179.4
0.63
997
PRTR11-014
51.7
0.42
1286
» >800m by 300m gold/copper soil geochemistry anomaly (open) with Additional gold/copper soil geochem anomalies outlined in the 25km2Primavera porphyry target area. » Trenches returned long intervals of continuous gold/copper mineralization
247.35m @
0.43 g/t Au,
0.21% Cu
PR-12-008
261.70m @ 0.78 g/t Au, 0.30% Cu
PR-11-002
159.53m @
0.46 g/t Au,
0.20% Cu
PR-12-011
OPENTO
DEPTH
DRILL HOLES PR11-002, PR12-008, PR12-011
16. SIUNA PROJECT 100% CALIBRE CALIBREMINING.COM 16
SIUNA DISTRICT –100% Calibre (253km2)
» Past Producing La Luz Mine / 43-101 Resource at Cerro Aeropuerto / New Discovery at Montes de Oro
La Luz
Cerro Aeropuerto
Montes
De Oro
SIUNA
Cerro
La Virgen
17. /
SIUNA DISTRICT (100% CALIBRE OWNED)
SIUNA DISTRICT 100% OWNED CALIBREMINING.COM 17
Historic La Luz Mine
Open Pit
Cerro Aeropuerto
500m
La Luz Mine
Open Pit
And Underground
Cerro
Potosi
30.2m @
2.83 g/t Au
91.5m @
2.75 g/t Au
» Exploration by Calibre has defined a series of Targets with the same style as the 2.2Moz La Luz Mine » The Cerro Aeropuerto gold-silver high grade inferred resource (6.05Mt @ 3.64 g/t gold & 16.16 g/t silver for 707,000 ounces gold & 3.14 Moz
» Additional ground exploration work on going
La VIRGEN1km x 3km Au/Cu Anomaly
MONTES DE ORO;
400 x 650m
Au/Ag/As/Cu/Zn Anomaly
18. » New gold-copper-silver-zinc mineralization discovery at the
Montes de Oro target, north of the Cerro Aeropuerto gold-silver deposit.
» 400 m x 650 m gold-copper-lead-zinc anomaly open along the northeast.
» Trenching has only partially tested a strong coincident gold-silver-copper-lead-zinc anomaly.
» Recent exploration has significantly extended zone
more than 250 metres to the north
Trench Results
Trench
From
To
length
Au
Cu
Zn
ID
(m)
(m)
(m)
(g/t)
(%)
(%)
MTR13-009
0.0
52.3
52.3
7.07
0.06
1.23
incl
10.7
52.3
41.6
8.46
0.07
1.47
incl
10.7
36.9
26.2
12.54
0.1
2.32
MTR13-017
0.0
27.5
27.5
4.93
0.05
0.38
incl
14.0
23.0
9.0
10.15
0.06
0.29
MTR13-018
20.0
29.0
9.0
3.11
0.02
0.41
MTR13-019
4.8
21.0
16.2
4.68
0.05
0.22
MTR13-020
29.5
38.0
8.5
1.66
0.03
0.23
MTR13-022
0.0
6.0
6.0
4.73
0.03
0.07
MTR13-026
0.0
33.5
33.5
2.10
0.04
0.05
MONTES DE ORO GOLD PROJECT CALIBREMINING.COM 18
Montes de Oro (SIUNA DISTRICT –100% Calibre) Gold –Silver –Copper -Zinc
2013 NEW GOLD DISCOVERY
Trench MNTR13–009
with 52m grading 7.1 g/t Gold
19. MONTESDE ORO (100% Calibre) -SOIL GEOCHEM MAP / TRENCH HIGHLIGHTS
MONTES DE ORO GOLD PROJECT CALIBREMINING.COM 19
16.2m @4.68 g/t Au
27.5m @4.93 g/t Au
33.5m @2.10 g/t Au
52.3m @7.07 g/t Au
» On-going exploration includes;
Ground geophysics, and additional trenching
» First Phase diamond drilling to start in Q1 2015.
» Additional work to be completed advancing Other Targets
20. ROSITA OPTION FORMER SANTA RITA
COPPER-GOLD MINE (33.56 km2) Optioned to Alder Resources
» Optioned to Alder Resources. Spending C$4.0 million over four years (C$3.6 to date) to earn a 65% stake
» Rosita D concession: 3,356 hectares -5% of Calibre’s concessions in the Mining Triangle
ROSITA PROJECT CALIBREMINING.COM 20
Bambana
Santa Rita
SANTA RITA
R13
» Historic Santa Rita open pit Cu/Au mine: past production 305 M lbs Cu, 177k ozs Au, and 2.6M ozs Ag from 5.9Mt
» 2012 NI 43-101 Inferred Resource at Santa Rita of; 7.95 Mt @ 0.62% Cu, 0.46 g/t Au, and 9.2g/t Ag. with 108 M lbs copper, 118 K oz gold and 2.35 M oz of silver » High grade copper/gold/silver zone identified at Bambanawith 5.21% Cu, 4.40 g/t Au and 144g/t Ag over 12.1 metres
2012 –New Copper/Gold/Silver Resource at Santa Rita
21. NI 43-101 GOLD/SILVER RESOURCES CERRO AEROPUERTO, LA LUNA & RISCOS 100% CALIBRE OWNED
Calibre Mining Corp. Inferred Resource (using a 0.6 g/t AuEq cutoff grade)
1. *For Cerro Aeropuerto & La Luna Gold Equivalent (Au Eq) calculated using gold price of US$1,058/oz and silver price of US$16.57 /oz and for Riscos a gold price of US$1264/oz and silver price of US$19.78/oz. Assumes metallurgical recoveries and net smelter returns are to be 100%
2. Mineral resources that are not mineral reserves do not have economic viability.
3. A base cutoff grade of 0.6 g/t AuEq was used. Riscos estimate used a capping of silver grades at 591 g/t.
a density of 2.65 g/cm3 was applied. Numbers may not add exactly due to rounding.
4. * Subject to Option Agreement with IAMGOLD
NI 43-101 COPPER/GOLD/SILVER RESOURCES AT ROSITAOPTIONED TO ALDER RESOURCES
Calibre Mining Corp. and Alder Resources Inferred Resource (using a 0.15% Copper cutoff grade)
1. Base case is reported at a 0.15% copper equivalent cut-off grade which incorporates consideration of mining and processing cost, recoveries, commodity prices and selling cost.
2. Estimate assumes a long term copper price of US$2.90/lb, a gold price of US$1,200/oz and a silver price of US$24/oz.
3. Rounding as required by NI 43-101 reporting guidelines may result in apparent summation differences.
4. Tonnage and grade measurements are in metric units. Contained gold and silver ounces are reported as troy ounces, contained copper pounds as imperial pounds.
5. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues.
6. The quantity and grade of reported inferred mineral resources in this estimation are uncertain in nature and there has been insufficient exploration to define these inferred mineral resources as indicated or measured mineral resources and it is uncertain if further exploration will result in upgrading them to indicated or measured mineral resources.
CALIBRE MINING NI43-101 INFERRED RESOURCES CALIBREMINING.COM 21
Tonnes and Grade
Total Ounces
Deposit
Tonnes
Gold
Silver
Au Eq1
Gold
Silver
Au Eq1
(g/t)
(g/t)
(g/t)
(oz)
(oz)
(oz)
Cerro Aeropuerto
6,052,000
3.64
16.16
3.89
707,750
3,144,500
757,000
La Luna *
2,539,000
1.56
14.01
1.78
127,700
1,143,570
146,000
Riscos de Oro *
2,159,000
3.20
59.67
4.14
222,300
4,142,000
287,000
1,057,750
8,430,070
1,190,000
Tonnes and Grade
Total Resources
Deposit
Tonnes
Gold
Silver
Cu
Gold
Silver
Cu
(g/t)
(g/t)
(%)
(oz)
(oz)
(lbs)
Rosita Stock Piles
7,950,000
0.46
9.2
0.62
118,000
2.35M
108M
22. Summary » Nicaragua provides a favourable, stable, environment for mining. » Calibre has Multiple Chances for Success with partnerships with Two Mid-Tier Producers as well as 100% owned Ground » New gold-skarn discovery at Calibre’s 100% owned Montes de Oro gold project (52.3 m grading 7.1g/t Au MTR13-009) » IAMGOLD and B2Goldboth with Active Exploration Program
a.
IAMGOLD –Drilling on Eastern Borosi Project
b.
B2Gold -Trenching and expected drilling at Minnesota. » Calibre’s partners to spend up to $12M on exploration over the next 3 years
EXPLORATION TIME LINE & NEWS FLOW
INFORMATION
Ryan King
calibre@calibremining.com(604) 628.1012
Calibre Mining Corp. 1620 –1066 West Hastings St. Vancouver, BC V6E 3X1
TSX.V: CXB
calibremining.com
Q2/14
Q3/14
Q4/14
Q1/15
Exploration
for Porphyry
Gold/Copper
Systems
Advance
Montes de Oro
Target Delineation
Drilling at
Minnesota
Data Review
RESULTS
Calibre / B2Gold Joint Venture100% Owned Calibre concessions
100% Owned Calibre
Calibre / B2Gold Joint Venture
IAMGOLD Option ProjectCalibre / B2Gold Joint Venture100% Owned Calibre concessions
Calibre / B2Gold Joint Venture100% Owned Calibre concessions
Calibre / B2Gold Joint Venture
IAMGOLD Option Project
Eastern Borosi
Drill Targets
IAMGOLD Option Project
Partnered for Discovery
23. EXPLORATION TIME LINE & NEWS Flow
Calibre Mining Corp. 1620 –1066 West Hastings St. Vancouver, BC V6E 3X1
TSX.V: CXB
calibremining.com
