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Colibri Announces Phase 2 Exploration Program at Jackie Gold & Silver Project
Dieppe, New Brunswick--(Newsfile Corp. - June 10, 2021) - Colibri Resource Corporation (TSXV: ...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Announces Phase 2 Exploration Program at Jackie Gold & Silver ProjectDieppe, New Brunswick--(Newsfile Corp. - June 10, 2021) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to announce that its earn-in partner Silver Spruce Resources (TSXV: SSE) has reported that commencement of a Phase 2 ground exploration program on the 1,130-hectare Jackie Gold & Silver Property will begin tomorrow (June 11th, 2021).The Phase 2 exploration program will concentrate around an exploration target with promising gold and silver assay results recently reported from the Phase 1 prospecting and rock sampling program. The geological work will be carried out on a 100-hectare section of the property with grid-controlled detailed mapping and rock sampling focused on a 25-hectare central block covering the core of the gold and silver discovery area with additional mapping and sampling of the surrounding area. (See illustration 1 below)Illustration 1: Phase 2 grid sampling area on Phase 1 geochemistryTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4269/87206_261055a5047c5bf4_001full.jpgThe newly discovered area includes an exposure of intense oxidation and argillic alteration (see Illustration 2). Grab samples from this area returned a high value of 9.65 g/t Au and 515 g/t Ag and several samples with > 0.1 g/t Au and anomalous to highly anomalous base metal and path finder element values. Illustration 2: Field and sample pictures of new discovery areaTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4269/87206_261055a5047c5bf4_002full.jpgSilver Spruce is currently in year 1 of a 2 year agreement to earn 50% of the Jackie Gold & Silver Project from Colibri. For full details of the agreement please see Colibri news release dated October 15th, 2020.A six-person team (two senior geologists, two junior geologist and two field assistants) and all necessary logistical support will undertake the Phase 2 exploration program, including rock sampling and geological mapping of known areas exhibiting significant alteration or mineralization, collection of structural data and alteration zoning to assist with vectoring toward potential Phase 3 drilling targets. The team also will investigate several known hyperspectral al...