Colibri and Silver Spruce Resume Exploration at the Diamante Property

About this update from Colibri Resource Corporation

[{"type":"text","content":"Colibri and Silver Spruce Resume Exploration at the Diamante PropertyDieppe, New Brunswick--(Newsfile Corp. - August 1, 2023) - Colibri Resource Corporation (TSXV: CBI) (OTC Pink: CRUCF) (\"Colibri\" or the \"Company\") along with its partner Silver Spruce Resources Inc. (\"Silver Spruce\") is pleased to announce the resumption of field work at the Diamante property located in south eastern Sonora within the Sierra Madre belt of epithermal gold-silver deposits. The exploration crew has been dispatched to the property and will be completing geological mapping and sampling over the next 6 to 8 week period. Geological mapping will include a property-wide approach as well as the more detailed evaluation of selected showings. Sampling will include outcrop sampling as well as property-wide stream sediment sampling. The Company anticipates initiating a drill program at Diamante during the fall at the conclusion of the field work and after the seasonal rains.Ron Goguen, President & CEO commented: We have been focussed on our Caborca Gold Belt properties over the last few months and are pleased to be getting back to the Sierra Madre and our Diamante property. We will be further assessing existing targets & developing new ones with a grass-roots approach. Furthermore, Colibri will be assessing and prioritizing targets and work programs across our complete property position in the Sierra Madre epithermal belt which includes the Diamante, Mezquite, and Jackie properties. About the Diamante PropertyThe Diamante property is located within a belt of Epithermal Au-Ag mineralization hosted by the Sierra Madre Occidental Volcanic Complex (Figure 1). Major gold mining operations in the area of the Diamante property include Alamos Golds' Los Mulatos Mine and Agnico Eagles' El India and Pinos Altos Mines. The Diamante project is located approximately 12km km northeast of Minera Alamos' Santana Au development project (Figure 2) which is anticipated to commence commercial production before year end. The Property is located approximately 170 km southeast of Sonora state capital Hermosillo and approximately 10 km northwest of the town of Tepoca. The property is accessed directly from Sonora state Highway 16.The 1,057-hectare Diamante property is located adjacent to the Company's Mezquite and Jackie properties (Figure 2) which cover 180 and 1113 ...

More updates from Colibri Resource Corporation