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The Calandra Report: Watching Calibre Mining

Thom Calandra
0 Comments|August 12, 2014

THE CALANDRA REPORT: Sample & Subscribe


Now $129 yearly!


August 11, 2014


Here are two that surely will benefit from word-flow incoming weeks and months.


Calibre Mining (TSX: V.CXB, Stock Forum) will see fresh data from its Nicaragua projects and partners B2Gold (TSX: BTO, Stock Forum) and IAMGOLD (TSX: IMG, Stock Forum). I owned it a long time ago on the advice of its chief financier and current chairman, Douglas Forster of Featherstone Capital in Vancouver, Canada. I made money when the company's trenches showed rich copper porphyry at one project in 2012: Primavera. I own it again. CXB in Canada and CXBMF in USA.


Trading is thick Monday with no fresh news or data. Calibre, I am on good ground saying, will see trench results and other gold and copper data from two and perhaps three Nicaragua projects.


This includes diamond-point drilling with IAMGOLD on the Eastern Borosi concessions and additional trenching from B2Gold, following up on 61m grading 1.76g/t gold.


Mr. Forster tells me Monday the focal points are (project) Minnesota gold discovery with B2Gold in Nicaragua and the drilling campaign at the Eastern Borosi gold project.


Good to see B2Gold exercise their warrants recently to increase ownership in CXB to 15 percent," Doug Forster says.


Still -- lots of shares at CXB -- as many as 200 million all in. This is trading right now at 8 cents CAD.


Greg Smith, president and CEO of Calibre, is in Nicaragua at a mining forum this week. Mr. Smith stuck with Calibre through good and bad times. He is a geologist and joined as VP of exploration in June 2011. For his part, Mr. Forster, the financier, runs a fairly tight ship on expenses. He does not even subscribe to TCR.


Calibre controls 253 km2 of mineral concessions in the Mining Triangle of Northeast Nicaragua. It has an option agreement with IAMGOLD covering 176 km2 of concessions; joint venture exploration programs with B2Gold on 322.3 km2 of concessions, which include the Primavera gold-copper porphyry discovery; and it optioned the 33.6 km2 Rosita gold-copper-silver project to Alder Resources.


American Sands Energy (OBB: AMSE, Stock Forum): AMSE looks to be full steam ahead at its heavy oil-sands project in Utah. The lightly traded shares are seeing the gap between buyers and sellers narrow. It is now at 65 cents USD. I will be seeing a principal of the company today. AMSE in USA.




*Coming: A home for our expanding TCR faithful; including benefits, secrets and subscriber-only scoops.





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