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Saturday, Dec 9, 2023
Mugglehead Magazine
Alternative investment news based in Vancouver, B.C.


Calibre Mining strengthens management team with two new vice presidents

The company added a new Vice President of Geology in Nevada and the next Vice President of Exploration in Nicaragua

Calibre Mining promotes and appoints new management team members
Staff at La Libertad project, located approximately 110 km east of the capital of Managua. Photo via Calibre Mining.

Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) has strengthened its leadership team and appointed two new vice presidents.

The company announced Thursday, it is appointing John Jory as the new Vice President of Geology in Nevada and promoted Pedro Silva as the next Vice President of Exploration in Nicaragua.

Jory is an economic geologist with 36 years of experience in exploration, resource development, mine geology and project management in the USA, Canada, Indonesia and Australia.

He possesses a vast range of experience across multiple deposit styles such as Carlin-type Au, epithermal Au-Ag, intrusion-related Au, porphyry/skarn Cu-Au, metasomatic & paleochannel U, and magmatic sulfide Ni.

Throughout his career, John and his teams have successfully delivered over 10 million ounces of gold reserves and assessed more than 60 gold deposits in Nevada. He has worked for leading organizations such as Newmont Corporation ((NYSE: NEM, TSX: NGT), Barrick Gold Corporation (NYSE:GOLD), OceanaGold Corporation (TSX: OGC), Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF), Paladin Energy Limited (ASX:PDN) and Rio Tinto (ASX:RIO).

Jory holds a B.Sc. in Geology from the University of Southampton, United Kingdom and an M.Sc. in Mineral Exploration from the Royal School of Mines. He is an AIPG Certified Professional Geologist and a long-standing member of the Society of Economic Geologists and Geological Society of Nevada.

“We continue to strengthen the Calibre team with a focus on driving organic growth. Our exploration projects in Nevada and Nicaragua occur in highly prospective, gold-endowed regions where we are unlocking new value,” Calibre CEO Darren Hall said in a statement.

“John has extensive experience in Nevada successfully discovering, delineating and delivering millions of gold ounces with numerous mining companies including Newmont and leading the discovery of the 4 million-ounce Rodeo-Goldbug discovery.”

Read more: Calibre Mining increases mineral resources and reserves at its Nicaragua and Nevada operations

Read more: Calibre Mining gold discovery could breathe life into historic mining community

Pedro is a geologist with 30 years of experience in the mining industry in Chile, Argentina, the Dominican Republic and Africa.

He possesses extensive knowledge of greenfield, brownfields, and near-mine exploration and has a deep understanding of epithermal, porphyry gold-copper, and orogenic gold deposits. In 2020, he joined Calibre Mining after serving as the Chilean Exploration Manager for Newmont Mining.

Prior to that, Pedro held senior-level positions with Kinross Gold Corporation (TSX: K, NYSE: KGC), Newmont, and Barrick Gold.

He has successfully managed multinational teams at every stage of project development, adding value through his experience. Pedro received a Bachelor of Science degree in Geology from Universidad Católica del Norte and a post-graduate degree in Mineral Economics from the University of Chile.

“Pedro has been instrumental in leading our exploration efforts in Nicaragua resulting in new and meaningful discoveries including our recent high-grade Panteon deposit (809kt averaging 9.45g/t Au for 244koz of Probable Mineral Reserves) and new multi-kilometre VTEM Gold Corridor confirming the significant potential to make additional discoveries and expand on Calibre’s recent exploration success,” Hall said.

“Pedro’s experience and knowledge bring significant in-country geological experience to support our robust pipeline of exploration opportunities along the prolific, multi-million-ounce, western epithermal gold belt,”

We have an exciting opportunity in an under-explored district and I look forward to Pedro’s contributions in his new role as Vice President of Exploration, Nicaragua.”

Read more: Calibre Mining budgets $29M for 2023 exploration in Nevada and Nicaragua

Read more: Calibre Mining offers a ‘very attractive’ value-risk proposition: Haywood Securities

Calibre Mining continues to see positive results

The company recently announced it saw an increase in mineral resources and reserves of 16 per cent at its operations in Nicaragua and 23 per cent increase at its operations in Nevada.

Calibre reported that its Nicaraguan mineral reserve grade has increased to 5.37 grams of gold per tonne from 4.62 g/t in 2021 and the reserves have seen a 278 per cent increase to around 1 million ounces of gold, net of depletion since the 2019 acquisition.

Analysts at the investment banking firm Haywood Securities Inc. released a report on the gold mining company and concluded that the firm’s take on Calibre is positive and continues to climb as drilling pushes at the margin of Pan resource and uncovers new value on its Coyote target.

Company stock went up by 1.98 per cent to $1.03 on the Toronto Securities Exchange.


Calibre Mining is a sponsor of Mugglehead Magazine news coverage


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