Colibri Completes IP Survey and Applies for Drilling Permit at the Evelyn Gold-Silver Project, Sonora, Mexico

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[{"type":"text","content":"Colibri Completes IP Survey and Applies for Drilling Permit at the Evelyn Gold-Silver Project, Sonora, MexicoDieppe, New Brunswick--(Newsfile Corp. - September 9, 2021) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to report the completion of the Induced Polarization (\"IP\") survey at the Evelyn Gold-Silver Project. The Company is also pleased to announce that utilizing the updated property wide exploration dataset to include the IP survey results, a plan to drill up to 56 holes has been filed for permitting with SEMERNAT (Mexican environmental authority).IP Survey ResultsA total of 82.5-line kilometres (\"km\") of 3D-IP have been competed in 2 phases at the Evelyn property. Based on the results of the first phase (announced June 24th, 2021) which covered the eastern half of the property, the Company elected to expand the survey to the west effectively covering approximately 90% of the property area. The results of the survey are presented in the 3 maps attached. The map of chargeability at 100 m vertical depth (Figure 1) indicates two broad areas of higher chargeability underlying the northeast and central-east regions of the property. The northeastern chargeability anomaly is coincident with surface sampling defining El Sahuaro target area and the central-east chargeability anomaly is coincident with surface sampling defining the Cerro Rojo target area and, in particular, the highest chargeability response is spatially associated with the Main Zone within the Cerro Rojo target area. The resistivity at 100 m vertical depth (Figure 2) illustrates a sharp north-northwest trending gradient between a more resistive domain to the northeast and a less resistive domain to the southwest. This feature is evident throughout the model and is interpreted as a moderately westerly dipping fault zone. Within the northeastern domain, a zone of higher resistivity is closely associated with the chargeability anomaly underlying the El Sahuaro target area. The southwestern domain, generally characterized by lower resistivity, includes a well-defined domain of higher resistivity that is coincident with the Main Zone mineralization and the spatially associated chargeability anomaly. Both the chargeability and resistivity maps at 100 m depth indicate north-northwest trends underlying the western part of the p...

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