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Colibri Announces Initial Results of its Maiden Drill Program at Evelyn and Provides Operations Update
Dieppe, New Brunswick--(Newsfile Corp. - May 1, 2020) - Colibri Resource Corporation (TSXV: CB...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Announces Initial Results of its Maiden Drill Program at Evelyn and Provides Operations UpdateDieppe, New Brunswick--(Newsfile Corp. - May 1, 2020) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") wishes to announce the results of its first drill program completed on the Evelyn Gold Property in Sonora, Mexico. All holes intersected anomalous Au mineralization including hole EVE-20-01 which intersected 0.14 grams per tonne (g/t) Au over an intersection length of 21.9 metres (m) which includes an intersection of 0.37 g/t Au over 5.05 m.The Evelyn property is located in northern Sonora, within the Caborca Gold Belt (\"CGB\"). The CGB is hosted by the Sonora megashear, which in turn is part of the regional Mojave-Sonora megashear, which extends from southern California through Arizona and Sonora. The Caborca Gold Belt hosts the Noche Buena Mine (167,200 ounces Au produced in 2018) which is located approximately 9 km southwest of Evelyn and La Herradura Mine (474,200 ounces Au produced in 2018) which is located approximately 30 km to the west of Evelyn. During 2019 and early 2020, the company completed programs of geological mapping and sampling which resulted in the recovery of high-grade grab samples and the identification of NW-SE trending fault and shear zones. Combined with historical mapping, soil sampling, and outcrop sampling, the recent field work has resulted in the prioritization of two target domains: the Cerro Rojo domain in the south and the El Sahuaro domain in the north (see attached map). Evelyn Geological MapTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4269/55254_535bfdfba429baf8_001full.jpgThe Company completed 5 diamond drill holes for a total of 818 m on the property during late February and early March. Four holes were drilled in the Cerro Rojo target domain and 1 was drilled at El Sahuaro. The locations of the holes are indicated on the attached map. All holes contained anomalous Au and four of the holes contained intercepts >0.1 g/t Au (see table below)Table of Significant Intersections, Evelyn Drill programHole IDFrom (m)To (m)Length (m)Au g/tEVE-20_0128.3050.2021.900.14incl28.3033.355.050.37EVE-20-01114.70141.7027.000.10EVE-20-0256.2566.7510.500.11incl56.2562.256.000.14EVE-20-0321.7523.251.50 0.22EVE-20-04No Signifi...