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Colibri Drills 3 Metres of 12.19 Grams per Tonne Gold and 1 Metre of 33.7 Grams per Tonne Gold at Evelyn
Dieppe, New Brunswick--(Newsfile Corp. - February 8, 2022) - Colibri Resource Corporation (TSX...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Drills 3 Metres of 12.19 Grams per Tonne Gold and 1 Metre of 33.7 Grams per Tonne Gold at EvelynDieppe, New Brunswick--(Newsfile Corp. - February 8, 2022) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to report assays received from the Evelyn Gold Project drilling program completed in December 2021. Highlights of results include an intersection of 12.19 grams per tonne (\"g/t\") Au over an intersection length of 3 metres (\"m\") in hole EVE21-027 and 33.7 g/t Au over and intersection length of 1 m in hole EVE21-019. Colibri is currently completing a fully funded 2-phase, 10,000 m reverse circulation (\"RC\") drill program at the Evelyn Gold project, located in the Caborca Gold Belt, northern Sonora. Assays have been received from all 22 holes (3,122 m) completed during the period November 8 to December 18, 2021. The results include higher grade intercepts of 12.19 g/t Au over an intersection length of 3 m and 33.7 g/t Au over an intersection length of 1 m as well as widespread lower grade (< 1 g/t Au) assays. Significant assays (based on a 0.2 g/t Au cutoff grade) and intercepts are contained in the attached table and illustrated on the drill traces on the attached map.Ron Goguen, President & CEO of Colibri commented, \"We are very encouraged by the widespread anomalous gold assays, the longer intercepts of moderate to low grade mineralization, and the local occurrence of high-grade gold. The drill program has very successfully built upon the surface exploration programs completed since 2019 and will provide an invaluable basis as we continue to explore the property and plan for further drilling.\"Based on comprehensive exploration completed on the property since 2019 the Company has prioritized 4 target areas on the property referred to as Cerro Rojo, El Sahuaro, West Evelyn, and Central Evelyn. Phase 1 drilling of the 10,000 meters RC drill program has been planned as a preliminary test of these target areas. The drilling completed to date has been completed on the Cerro Rojo and El Sahuaro targets.Figure 1: Drill Samples on Magnetics - Evelyn Gold ProjectTo view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4269/113132_796270656454e892_001full.jpgHighlighted Sample ResultsHole IDFromToLengthAu (g/tCutoffEVE21-007515321.272.2...