06:36 AM EDT, 08/27/2024 (MT Newswires) -- Calibre Mining ( CXBMF ) on Tuesday released near-surface resource expansion drill results from the Pan heap leach gold mine in Nevada, which continued to reveal gold grades higher than the stated mineral resource grade of 0.4 grams per tonne (g/t) gold.

Highlights of the results include 0.45 g/t gold over 117.4 meters and 0.56 g/t gold over 59.4 meters.

The results demonstrate the potential to increase resources, grade, mine life and confidence around the Pan mine, the company said.

"Since acquiring Pan in early 2022, we have successfully increased mineral reserves by 50% net of two years of production depletion and with exploration success, we anticipate this trend could continue," said Darren Hall, president and CEO of Calibre.