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Colibri Begins Phase 3 Drilling at the Evelyn Property
Dieppe, New Brunswick--(Newsfile Corp. - August 15, 2023) - Colibri Resource Corporation (TSXV: C...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Begins Phase 3 Drilling at the Evelyn PropertyDieppe, New Brunswick--(Newsfile Corp. - August 15, 2023) - Colibri Resource Corporation (TSXV: CBI) (OTC Pink: CRUCF) (\"Colibri\" or the \"Company\") is pleased to report that it has received permission from the Mexican environmental authority (SEMARNAT) to drill up to 2,000 metres (\"m\") on the Evelyn Property at the EP Gold Project (\"EP\") on targets in the Main Zone and West El Sahuaro areas. Mobilization of Colibri's RC drill rig took place over the past weekend and is scheduled to begin work today.Main Zone Drill Plan and DescriptionThe drill plan for the Main Zone will test northwesterly trending fault zones located to both the south and north of the already defined Main Zone lenses. These faults zones are interpreted to be controls on the occurrence of the north-northeast trending mineralization in the Main Zone. To the south of the Main Zone, the mapped fault/structure is approximately coincident with a well-defined Soil Gas Hydrocarbon (\"SGH\") anomaly. To the north of Main Zone, the drilling will test a geochemical anomaly resulting from a recently completed short hole drill program coincident with a northwest structure inferred under alluvium. One thousand-two hundred metres of RC drilling is planned for the Main Zone targets. If results of this drilling program at the Main Zone further validates the Company's current interpretation & geological model it has the potential to double, or more, the footprint of the Main Zone. Northwest trending structures are very important at established gold mines in the Caborca Gold Belt and if they are confirmed with our Main Zone drilling it may provide the structural setting required to realize increased average grades. Illustration 1: Main Zone Drill PlanTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4269/177299_4cf7ecb6e4bc8ad4_001full.jpgThe Main Zone is located in the central part of the Evelyn property (see Illustration 1). It is interpreted as a series of north-northeasterly striking and moderately east dipping lenses occurring over an identified strike length of approximately 250 m and drilled to a vertical depth of approximately 120 m. Mineralization exposed on surface and in historical mine workings consists of a north-northeast striking and moderately easterly d...