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Colibri & Partner Report Pillado Area Results at Diamante Project, Sonora, Mexico
Dieppe, New Brunswick--(Newsfile Corp. - September 7, 2022) - Colibri Resource Corp. (TSXV: CB...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri & Partner Report Pillado Area Results at Diamante Project, Sonora, MexicoDieppe, New Brunswick--(Newsfile Corp. - September 7, 2022) - Colibri Resource Corp. (TSXV: CBI) (\"Colibri\" or the \"Company\"), with its partner Silver Spruce Resources Inc. (\"Silver Spruce\"), are pleased to announce drilling results from the Phase 1 drilling program at the El Pillado target area at its Diamante project in Sonora, Mexico.Ron Goguen, President & CEO of Colibri commented, \"We are very pleased with the results of this first ever drill program on the Diamante property. We have assembled a land position comprising 2,350 hectares in 3 properties which extends approximately 9.5 km north-south and 6.5 km east-west. All of the properties include a number of base and/or precious metal showings and we view the land position as a district scale epithermal mineralization exploration opportunity.\"Final geochemical assay results from drilling at the La Prieta target are currently being compiled and the results will be released soon.Silver Spruce is year two of a two year agreement to earn up to 50% of the Diamante Project from Colibri. For additional details of the earn in agreement between Colibri and Silver Spruce please see Colibri's news release dated April 29th, 2021.Program operations at Diamante are jointly managed by Silver Spruce and Colibri however the QA/QC reporting of this drilling program will be the responsibility of Silver Spruce.Silver Spruce ReportsSeptember 7, 2022 - Bedford, NS - (TSXV: SSE) - Silver Spruce Resources Inc. (\"Silver Spruce\" or the \"Company\"), with its partner Colibri Resources Corp. (\"Colibri\"), announces promising shallow intersections of base metal, silver and gold values from the first R/C drilling program on the Diamante project (\"Diamante\" or the \"Property\"). Nineteen (19) holes were drilled in its 2,005-metre program at the La Prieta (10) and El Pillado (9) Au-Ag-Pb-Zn-Cu targets (Figure 1, Table 1).\"We are pleased to report the initial results from our maiden exploration drilling program on two highly prospective areas of Diamante. Our first target, El Pillado, exhibited intervals of Pb and Zn sulphide mineralization up to a combined 13.1 wt.% Pb+Zn, with elevated Ag to 397 g/t and Au to 0.934 g/t, in variably altered andesite locally with shear/fault controls, comprising polymetallic...