Calibre Mining Corp. announced assay results from the first phase diamondb drill program at its 100% owned Golden Eagle Project (Golden Eagle). Golden Eagle is located in the Republic/Eureka Mining District in Ferry County, Washington, USA approximately 4.8 km north-northwest of the town of Republic, Washington and approximately 16 km west of Kinross Gold's Kettle River Mill.

Golden Eagle hosts a pit constrained, Measured and Indicated resource of 2.02 million ounces at 1.4g/t gold with an Inferred resource of 155,000 ounces at 0.9g/t gold. This 2-million-ounce deposit located in the United States with favorable logistics will provide future value to Calibre shareholders through additional drilling and modern metallurgical testing. Initial drill results from the Golden Eagle program include: 4.30 g/t Au over 92.42 metres including 7.80 g/t Au over 17.3 metres in Hole GEC22-001.

2.90 g/t Au over 195.1 metres in Hole GEC22-003. 2.38 g/t Au over 114.3 metres; 2.66 g/t Au over 19.8 metres and 2.65 g/t Au over 25.7 metres in Hole GEC22-006. The Golden Eagle Mineral Resource estimate, based on a drill hole dataset of 202 holes totaling 38,208 metres at a base cut off grade of 0.48 g/t gold and a gold price of USD 1,500 supports a pit constrained Measured & Indicated Resource of 2.02 million ounces at 1.382 g/t and an Inferred Resource of 154,650 ounces at 0.896 g/t. The Golden Eagle deposit is characterized as a low-sulphidation epithermal hot springs related deposit.

A major part of the deposit is a large body of silicified hydrothermal breccia, but high-grade gold- and silver-rich quartz veins are present in and near the area of hydrothermal breccia. The deposit has as strike length of approximately 750 metres, variable width up to approximately 300 metres and depth of approximately 600 metres. Mineralization occurs at surface on the west and southwest areas of the deposit.