Business
Colibri Option Partner Announces Bulk Sample Material Averaging Grades of 1.9 g/t Gold and 13 g/t Silver at Pilar Project
Dieppe, New Brunswick--(Newsfile Corp. - May 17, 2023) - Colibri Resource Corporation (TSXV: CBI)...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Option Partner Announces Bulk Sample Material Averaging Grades of 1.9 g/t Gold and 13 g/t Silver at Pilar ProjectDieppe, New Brunswick--(Newsfile Corp. - May 17, 2023) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to report that its option partner Tocvan Ventures (CSE: TOC) has announced higher than expected average head grades from its bulk sample testing at the Pilar Gold and Silver Project at the Pilar 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: (May 16th, 2023) - Brodie A. Sutherland, P.Geo. reports:Leaching Process Underway for Bulk SampleHighlightsConsistent Gold Values Reported from Bulk Sample Improve Grade148 samples range between 0.8 and 3.4 g/t Au, weighted mean of 1.85 g/t AuSilver values range between 5 and 26 g/t Ag, weighted mean of 12.7 g/t AgFine Fraction Samples (excluded from Heap Leach Process), Report Equal Gold and Silver Values32 Samples range between 1.2 and 2.8 g/t Au, weighted mean of 2.02 g/t AuSilver values range between 9 and 25 g/t Au, weighted mean of 15.6 g/t AgLeaching Process Underway for Bulk SampleTocvan Ventures Corp. (the \"Company\"), is pleased to provide an update and sampling results from a Bulk Sample being completed at its Pilar gold-silver project in Sonora, Mexico. Sampling of duplicate material collected at regular intervals during crushing/screening process from the Bulk Sample have returned consistent gold and silver values. In total, 148 samples were collected averaging 1.87 g/t Au and 13 g/t Ag (see Table 1 for full results). The first batch of 32 samples (111 samples pending) were collected from the fine fraction of screened material not included in the heap leach pile, are showing slightly higher grades of gold and silver, averaging 2.02 g/t Au and 15.6 g/t Ag (see Table 2 for full results). The fine fraction along with additional bulk sample material will be used in testing gravity recovery methods. Samples were submitted to ALS Hermosillo for fire assay and ICP analysis. Blanks and standards were submitted into the sample stream as part of the Company's robust QA/QC protocol The samples total 910.7 k...