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Canada’s Calibre Mining acquires new concessions in Nicaragua’s historic triangle

Thursday, January 13, 2011

Canada-based Calibre Mining has increased its land position in the historic mining triangle of Nicaragua to over 867 sq kilometres with the addition of the Asa and Pis Pis concessions.

The concessions cover a 25 by 10 kilometre area of limestone and calcareous sediments that have been intruded by granitic rocks. The whole area was subsequently overlain by rhyolite and andesite volcanics.

"The additional concessions gives Calibre a commanding land position in the Historic mining triangle of north-east Nicaragua," stated Robert Brown, president of Calibre.

Original source: Marketwire (press release)