Key recent developments included receiving federal environmental approval and provincial mine and surface leases for the Berry deposit. This means that all major approvals for the current life of mine plan are now in place.
Additionally, the company has surpassed 2 million hours worked without a lost time injury at the Valentine site, marking a significant safety milestone.
The Valentine gold mine has a projected mine life of 4.3 years, with a 22% after-tax rate of return and an average gold production of 195,000 oz. per year for the first 12 years. The deposit’s proven and probable mineral reserves are estimated at 2.7 million oz. (51.6 million tonnes at 1.62 g/t gold), within total measured and indicated resources of 4.0 million oz. (64.6 million tonnes at 1.90 g/t gold).
Exploration efforts are ongoing across all of Calibre’s assets, with a focus on expanding the current drill program at the project. Previously…
