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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, exploring, and developing prospective gold and silver properties in Mexico. The Company holds high potential precious metal projects, including Evelyn/Plomo Property, Pilar Property, Diamante Gold & Silver Project and Jackie Gold & Silver Project. The Company holds a 100% interest in the Evelyn/Plomo property (EP), which is located in the Caborca Orogenic Gold Belt and covers an area of approximately 506 hectares (ha). The Company holds 49% ownership of the Pilar Gold & Silver Project, which is located in the State of Sonora, Mexico. Its Diamante Gold & Silver project is located adjacent to the Company’s Mezquite project in eastern Sonora. The Diamante Project covers an area of approximately 1,057 ha in the Sierra Madre-Yecora area. The Jackie Gold & Silver property is located in the State of Sonora, Mexico, which covers an area of approximately 1,113 hectares.


TSXV:CBI - Post by User

Bullboard Posts
Post by Eugene357on May 03, 2020 9:32pm
199 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.

Bullboard Posts