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Colibri Resource Corp V.CBI

Alternate Symbol(s):  CRUCF

Colibri Resource Corporation is a Canada-based mineral exploration company. The Company is focused on acquiring and exploring prospective gold and silver properties in Mexico. Its projects include Evelyn Gold Project, El Mezquite Gold & Silver Project, Pilar Gold & Silver Project, Diamante Gold & Silver Project, Jackie Gold & Silver Project, and Plomo Gold Project. Its Evelyn Gold Project is located in the Caborca Orogenic Gold Belt and covers an area of approximately 506 hectares (ha). Its El Mezquite Gold & Silver Project is located in Sierra Madre-Yecora Area, Sonora, approximately 10 kilometers (km) northwest of Tepoca, Sonora Mexico and 175 km east-southeast from Hermosillo. This project covers an area of approximately 180 ha. Its Pilar Gold & Silver Project is located in Suaqui Grande-Sonora. It has optioned 51% of Pilar Gold & Silver Project to Tocvan Ventures. Its Diamante Gold & Silver Project covers an area of approximately 1057 ha in Sierra Madre-Yecora area.


TSXV:CBI - Post by User

Post by Eugene357on May 03, 2020 9:32pm
179 Views
Post# 30982002

Exploration on Colibri Properties Just Beginning

Exploration on Colibri Properties Just Beginning

"Samples along the most significant interceptions for holes EVE-20-01 and EVE-20-02 will be assayed by metallic screening to define and evaluate the potential presence of coarse gold that may have impacted the assay reports (“nugget effect”).  These assays have been delayed due to the COVID-19 situation at the labs."

"Holes EVE-20-01 and EVE-20-02 both which were drilled into the Cerro Rojo domain intersected relatively long intercepts of low-grade gold mineralization which targeted an area where recent and historical grab samples have returned up to 43.9 g/t Au.  The drilling has confirmed the persistence to depth of favourable geological characteristics, such as structural and alteration features."

Chief Operating Officer Ian McGavney commented “We consider the results of holes EVE-20-01 and EVE-20-02 very relevant in our exploration database.  These holes will be interpreted within the broader framework of the surface mapping and sampling already completed and we will continue to target high grade Au in the area.

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