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Colibri Option Partner Announces a Bulk Sample for the Pilar Gold & Silver Project in Sonora
Dieppe, New Brunswick--(Newsfile Corp. - December 22, 2022) - Colibri Resource Corporation (TSXV:...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Option Partner Announces a Bulk Sample for the Pilar Gold & Silver Project in SonoraDieppe, New Brunswick--(Newsfile Corp. - December 22, 2022) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to report that its option partner Tocvan Ventures (CSE: TOC) has announced it has entered into an agreement with private mining company with nearby facilities in Sonora Mexico to complete a bulk sample on the Pilar Gold & Silver Project in Sonora, Mexico.Tocvan is in year 4 of a 5-year agreement to earn an initial 51% of Colibri's Pilar Gold & Silver Project. For full details of Colibri's agreement with Tocvan please see the Company's news release dated September 24th, 2019.Tocvan News Release: (December 15th, 2022 - Select Excerpts)Tocvan is pleased to announce it has entered into an agreement with a neighboring private mining company for the completion of its first bulk sample from the Pilar Gold-Silver Project in Sonora, Mexico. Bulk sample material will be prepared early in 2023 for processing by heap-leach method at a private mining operation less than 25 kilometers to the west of Pilar. Up to 1,000 tonnes of material will be processed for the bulk sample, which will aim to provide a more detailed account of expected head-grade and recovery percentage of gold. Total duration of the processing and analysis of the bulk sample is expected to span three to four months. The information provided from the sample will be used for planning in coordination for permitting of full-scale mine and process facilities on-site at Pilar.Pilar Project Summary:Over 22,000 meters drilled to date Gold-Silver Mineralization defined from surface along a 600-meter Trend and expanding Drilling Highlighted by: 116.9-meters of 1.2 g/t Au, including 10.2-meters of 12 g/t Au and 23 g/t Ag Preliminary Gold Recovery from Bottle-Roll and Column Leach above 85% Next Steps:Bulk Sampling Continued Drilling (SE Extensions and Infill) Updated Reporting and Maiden Resource Estimate Permitting for Full-Scale On-site Mine Facilities and Processing \"A bulk sample at Pilar is an important next step in showcasing the head-grade and recovery of gold,\" stated Brodie Sutherland, CEO. \"We are very fortunate to have access to a local facility with all the needed equipment and support staff to conduct the sample. Planning is no...