Business
Colibri & Partner Drill 83.5 metres at 1.3 grams per tonne Gold (including 10.3 grams per tonne Gold over 9.7 metres) at El Pilar Gold & Silver Project in Sonora Mexico
Dieppe, New Brunswick--(Newsfile Corp. - March 11, 2025) - Colibri Resource Corporation (TSXV: CB...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri & Partner Drill 83.5 metres at 1.3 grams per tonne Gold (including 10.3 grams per tonne Gold over 9.7 metres) at El Pilar Gold & Silver Project in Sonora MexicoDieppe, New Brunswick--(Newsfile Corp. - March 11, 2025) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to share the assay results from the first two holes drilled in its recent 10 hole diamond drilling program (1,167.5 metres) at the El Pilar Gold & Silver Project in Sonora Mexico. Colibri holds 49% interest of the El Pilar along side its partner Tocvan Ventures, which holds a 51% ownership in this advanced stage exploration project. Tocvan is the operator of the El Pilar. \"We are very pleased with the results from these first two drill holes. The near surface nature of this additional higher-grade mineralization only strengthens our belief that the El Pilar could become a profitable near-term gold and silver production asset for Colibri. The work programs planned for Pilar this year, which includes an up to 50,000 tonne bulk sample/test mine and a maiden resource estimate, should further demonstrate this theory. We look forward to releasing the results from the additional 8 holes of this program in due course as data is received from the operator.\" commented, Colibri President & CEO Ian McGavney.Figure 1: Planview of Main Zone Area - today's results highlighted in red. Intervals reported are drilled lengths, the Company will update on estimated true thickness once all new drill data has been processed.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4269/244087_6a252dcde4829ad0_001full.jpgPhoto 1: High-grade core from hole JES-25-104 (1.6m of 60.6 g/t Au + 13 g/t Ag - from 87.8m). Local faulting and associated intense hematite and silica alteration have replaced the original andesite. This style of mineralization has been recorded across the Main Zone at surface and in drill core.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4269/244087_6a252dcde4829ad0_002full.jpgTocvan - News Release - March 11th, 2025Highlights:Highest Gold Grade Result Since Prospect Discovery in 199610.3 g/t Au Over 9.7m, including 1.6m of 60.6 g/t Au (Hole JES-25-104)Only surpassed by Historic Drill Hole S-10, 16.5 meters of 53 g/t Au (1996 Disc...