Business
Colibri & Option Partner Samples 51.5 G/T Au And 2270 G/T Ag At the Diamante Gold & Silver Project
Dieppe, New Brunswick--(Newsfile Corp. - April 27, 2022) - Colibri Resource Corporation (TSX...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri & Option Partner Samples 51.5 G/T Au And 2270 G/T Ag At the Diamante Gold & Silver ProjectDieppe, New Brunswick--(Newsfile Corp. - April 27, 2022) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to report that the Company and its partner have received high-grade Au-Ag-Pb-Zn-Cu assay results from samples taken during its Phase 1 geological mapping program completed on the principal drilling target areas of the Diamante 1 and 2 concessions. Complete results are reported below.The Diamante Gold & Silver Project is a partnership between Colibri and Silver Spruce Resources (TSXV: SSE). For details of the partnership please review Colibri's news release dated April 29th, 2021.Silver Spruce Resources Reports: (April 27th, 2022)\"We are pleased to report Au values to 51.5 g/t from silicified breccias in the Calton target (see Figure 1), the highest Au grade yet reported from Diamante, and Ag values >1,000 g/t were recorded from base metal sulphide-bearing veins at Pillado, El Chon and El Cumbro, the latter returning 2,270 g/t Ag, accompanied in several target areas by high-grade primary and supergene Pb+Zn+Cu up to a combined grade of 50.9 wt.% from grab and channel sampling at surface and within historical trenches and artisanal workings\" stated Greg Davison, Silver Spruce Vice-President Exploration and Director.Figure 1. Silicified breccia grading 51.5 g/t Au from main Calton target. Diamante 2 SW location map of Calton, Calton Sur and Anomalía Sur on regional geology and graduated Au-Ag symbols.To view an enhanced version of Figure 1, please visit:https://orders.newsfilecorp.com/files/4269/121876_fig%201.jpg.\"Significant zoned or multi-phase Au-Ag and/or base metal values from multiple targets spread across the concessions validated the historical data and contributed to drill target prioritization. The significant impact of the polymetallic base metals to the project value proposition is exemplified using Au-equivalent (AuEq) and/or Ag-equivalent (AgEq) grade determinations. With our drilling permit now in hand, Silver Spruce, along with our partner Colibri Resource Corp., look forward to awarding contracts for the initial 2,000 metres of reverse circulation (R/C) drilling on the first-priority targets at La Prieta, Calton, Pillado and Aguaje with El Chon- El Chon Oeste an...