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Colibri Begins Phase 1 Drilling Program at Flagship Evelyn Gold Project
Dieppe, New Brunswick--(Newsfile Corp. - November 9, 2021) - Colibri Resource Corporation (TSX...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Begins Phase 1 Drilling Program at Flagship Evelyn Gold ProjectDieppe, New Brunswick--(Newsfile Corp. - November 9, 2021) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to report that it has started drilling at the Evelyn Gold Project, located in the Caborca Orogenic Gold Belt of northwest Sonora, Mexico. The Drilling rig and equipment arrived on Sunday November 7th and began the first hole yesterday, November the 8th. This marks the beginning of a fully funded two-phase program for up to up to 10,000 metres of drilling at the Evelyn Gold Project and will test a series of targets generated in three separate areas of the property. Phase 1 will consist of up to 5,000 metres of drilling and will take approximately two months to complete.Ron Goguen, President & CEO of Colibri commented, \"We are very pleased to begin drilling at Evelyn. The Company has worked very diligently for over the last 18 months or so to get to this stage at the Evelyn Gold Project and we look forward to seeing these test results. We will report results to the market after the Company receives data and it has been interpreted by our team.\"Figure 1 - Drill Rig and crew at Hole CRW21-001To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4269/102611_9b162d8004b1f816_001full.jpgDrill Plan Based largely on the distribution of anomalous and higher-grade assay results from surface and trench exposures coincident with magnetic gradients and lineaments and with structures identified through geological mapping, the Company interprets the El Sahuaro and Cerro Rojo as the priority target areas on the property and, as previously reported both are characterized by anomalous to high grade surface sampling coincident with chargeability and resistivity anomalies. The first phase of the drill program will be based largely on surface mapping and sampling with down-dip projection being supported by inversion modelling of both the magnetic and IP datasets.Evelyn Exploration Model The exploration model being developed by the Company relates the mineralization consisting of higher-grade veins and veinlets hosted by altered and sulphide bearing lower grade volcanic rocks, to north-northeast trending stratigraphy and layer-parallel fault zones and southeast striking, moderately southwest...