- Colibri Resource (TSXV:CBI) has kickstarted its Phase 3 drilling program at the Evelyn property on its EP Gold Project in Mexico
- The company will target the Main Zone and West El Sahuaro areas
- The EP Gold Project is within the Caborca Gold Belt of northwestern Sonora and is composed of the Evelyn and the Plomo properties
- Shares of Colibri Resource are unchanged at C$0.05
Colibri Resource (TSXV:CBI) has kickstarted its Phase 3 drilling program at the Evelyn property on its EP Gold Project in Mexico.
In a news release, the Dieppe, New Brunswick-based company said it will target the project’s Main Zone and West El Sahuaro areas.
The EP Gold Project is within the Caborca Gold Belt of northwestern Sonora and is composed of the Evelyn and the Plomo properties.
Colibri Resource said its drill plan for the Main Zone will test northwesterly trending fault zones that are south and north of the previously identified Main Zone lenses.
Over at the West El Sahuaro targets, the company will drill a large gold in soil anomaly spatially associated with a northwest trending structure taken from mapping and an IP resistivity interpretation.
The West El Sahuaro Zone is a priority target for the company, which is located in the northeastern part of the property.
Colibri Resource acquired the Evelyn Property in 2012. To date, the company has completed comprehensive surface exploration including soil sampling, geological mapping and outcrop sampling, an airborne magnetic survey, and a property-wide induced polarization survey.
Since February 2020, the company has drilled a total of 10,133 metres and is advancing mineralized zones at the Main Zone and El Sahuaro.
Shares of Colibri Resource are unchanged at C$0.05.
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