Explorations and Machinery

Rio Tinto and Calibre initiate 2021 exploration programme in Nicaragua

Rio Tinto and Calibre initiate 2021 exploration programme in Nicaragua
Mining News Pro - Calibre Mining said on Thursday that it had launched the 2021 exploration programme at the Borosi project, held under an earn-in option agreement with Rio Tinto.
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More than 50 prospective target areas have been identified within the Borosi concessions, located in the prolific mining triangle region of north-eastern Nicaragua. Four of these areas have been prioritised for a first pass drilling campaign totalling 5 500 m, starting early in the second quarter, the company said.

Rio Tinto has the right to earn a 75% interest in Borosi by spending $45-million over 11 years in the project. The exploration programme is being directed by Rio Tinto through a partnership agreement with Calibre as project operator.


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