07:01 AM EDT, 03/12/2024 (MT Newswires) -- Calibre Mining Corp. ( CXBMF ) on Tuesday released results of its updated mineral resources and mineral reserves for its Nicaragua and Nevada properties as of Dec. 31, 2023.

In Nicaragua, reserves net of production depletion increased 4% in 2023 to 1.13 Moz.

In Nevada, reserves net of production depletion rose 12% in 2023 to 0.30 Moz.

Calibre reported company-wide mineral endowment of over 4.1 Moz of reserves, 8.6 Moz of measured and indicated resources (inclusive of reserves) and 3.6 Moz of inferred resources.

Valentine Gold Mine has a mineral endowment of 2.7 Moz of reserves, 3.96 Moz of measured and indicated resources (inclusive of reserves) and 1.10 Moz of inferred resources.

The VTEM corridor now contains 1.25 Mt averaging 8.25 g/t gold for 332 koz in reserves with multiple kilometers of strike potential and an ongoing 50,000-meter drill program, the company said.

Calibre rose 1.1% yesterday.