Business
Colibri Acquires 4260 Hectare "Plomo Gold" Property Immediately East of Its Evelyn Project in Caborca Gold Belt, Sonora, Mexico
Dieppe, New Brunswick--(Newsfile Corp. - March 16, 2023) - Colibri Resource Corporation (TSXV: CB...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Acquires 4260 Hectare \"Plomo Gold\" Property Immediately East of Its Evelyn Project in Caborca Gold Belt, Sonora, MexicoDieppe, New Brunswick--(Newsfile Corp. - March 16, 2023) - Colibri Resource Corporation (TSXV: CBI) (OTC Pink: CRUCF) (\"Colibri\" or the \"Company\") is very pleased announce the strategic acquisition of the \"Plomo Gold\" property located in the Caborca Gold Belt, northwest Sonora, Mexico. HIGHLIGHTS INCLUDE:The Plomo property covers an area of approximately 4,260 hectares (\"Ha\") and is contiguous with the Company's Evelyn Property. The additional land increases Colibri's footprint by 842% to a total of 4,766 hectares.The Plomo and Evelyn properties are located in the 500 km long, northwest trending Caborca Gold belt which includes the > 15 million ounce La Herradura Mine, located 30 km west of Plomo and the > 2 million ounce Noche Buena Mine located approximately 8 km southwest of Plomo.The current (historical) database totalling 1,853 surface rock samples includes 524 samples greater than 0.1 grams per tonne (\"g/t\") Au, 132 samples greater than 1.0 g/t Au, and 15 high grade samples greater than 10 g/t Au. Surface exploration including prospecting, mapping, and rock sampling since 2007 has resulted in the identification of 9 target areas on the Plomo property. Underground sampling completed in the adit at the Banco de Oro prospect in 2008 are reported to have included 298.0 g/t Au over a chip length of 2.4 metres.The Plomo property has been the subject of only very limited exploration drilling, completed in 2008, with a total of 1,570 meters completed in 10 holes. A highlight of the drilling is the intercept of 0.66 g/t Au over an intersection length of 11.65 metres (\"m\") completed in the San Perfect target area.The Plomo property has had small scale artisanal mining including, pits, adits, and placer mining dating back to the 18th century. First recorded exploration was in 2006 and the property has been the subject of only episodic exploration since that time. Due diligence mapping and sampling completed by Colibri geologists has confirmed vein style mineralization consisting of veins, veinlets, and vein stockworks, altered host rocks that include intense silicification, sericite, disseminated pyrite, and locally tourmaline bearing stockworks and breccias.Compilation and due diligence r...