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Colibri Congratulates JV Partner on Test Mine Permit; Pilar Positioned as Near-Term Bulk Sample Opportunity
Dieppe, New Brunswick--(Newsfile Corp. - August 19, 2025) - Colibri Resource Corporation (TSXV: C...
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[{"type":"text","content":"Colibri Congratulates JV Partner on Test Mine Permit; Pilar Positioned as Near-Term Bulk Sample OpportunityDieppe, New Brunswick--(Newsfile Corp. - August 19, 2025) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") congratulates its joint venture partner, Tocvan Ventures Corp. (\"Tocvan\"), on receiving permit approval for a 50,000-tonne pilot mine facility in Sonora, Mexico (announced August 14, 2025). Located in close proximity to the Pilar Gold & Silver Project (\"Pilar\"), a 49% Colibri - 51% Tocvan joint venture, the facility presents an excellent opportunity to consider processing a bulk sample at a time when gold prices remain near record highs.The permitted facility will be located in very close proximity to the \"Pilar Gold & Silver Project \"(\"Pilar\"), a 49% Colibri - 51% Tocvan joint venture. Although no plans have been finalized regarding the use of the facility for Pilar material, its location and scale present a highly compelling opportunity for the partners to consider processing a bulk sample from Pilar in an efficient, cost-effective manner. Pilar is particularly well suited for this purpose: a 1,400-tonne bulk sample completed in 2023 returned an average head grade of 1.9 g/t Au with recoveries of approximately 62% using simple heap leach methods. Combined with extensive drilling and surface work, sufficient material could be sourced quickly-making Pilar an immediately available, high-quality feed source for the newly permitted facility at a time when gold prices remain near historical highs.Previously Released Drill Highlights at Pilar (Colibri/Tocvan JV licenses):2025 Diamond Drilling (all lengths are drilled thicknesses):83.5 m at 1.3 g/t Au from surface, including 10.3 g/t over 9.7 m64.9 m at 1.2 g/t Au, including 3.0 m at 21.6 g/t Au and 209 g/t Ag - first high-grade intercept along the North Hill trend116.9 m at 1.2 g/t Au, including 10.2 m at 12.0 g/t Au and 23 g/t Ag2024 RC Drilling (all lengths are drilled thicknesses):42.7m @ 1.0 g/t Au, including 3.1m @ 10.9 g/t Au56.4m @ 1.0 g/t Au, including 3.1m @ 14.7 g/t Au16.8m @ 0.8 g/t Au and 19 g/t Ag 2022 Phase III Diamond Drilling (all lengths are drilled thicknesses):116.9m @ 1.2 g/t Au, including 10.2m @ 12 g/t Au and 23 g/t Ag108.9m @ 0.8 g/t Au, including 9.4m @ 7.6 g/t Au and 5 g/t Ag63.4m @ 0.6 g/t Au and 11 g/t Ag...