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Colibri Option Partner Announces Positive Results of Ongoing Bulk Sample at Pilar
Dieppe, New Brunswick--(Newsfile Corp. - June 14, 2023) - Colibri Resource Corporation (TSXV: CBI...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Option Partner Announces Positive Results of Ongoing Bulk Sample at PilarDieppe, New Brunswick--(Newsfile Corp. - June 14, 2023) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to report that its option partner Tocvan Ventures (CSE:TOC) has additional results from its ongoing 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: (June 13, 2023) - Brodie A. Sutherland, P.Geo. reports:HighlightsLeaching Process Ongoing, Preliminary Results Confirm Process Actively Recovering Gold and SilverGold and Silver Reported in Initial Testing of Carbon FiltersSolution Samples Assayed at Two Separate Certified Labs Confirm GradeFine Fraction Samples (to be used for Gravity Recovery and Agitated Leach Tests)New samples range between 1.2 and 4.9 g/t Au, weighted mean of 2.1 g/t AuSilver values range between 5 and 29 g/t Ag, weighted mean of 14.8 g/t AgLeach Study Returned 95-99% Recovery of Gold; 73-97% Recovery of AgMetallic Screen Results Show 12.4 to 14.1% of the Gold is Coarse (+140 mesh)Tocvan Ventures Corp. (CSE: TOC) (OTCQB: TCVNF) (FSE: TV3) (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. The Company's field management and technicians remain active with the heap leach process ongoing for the Bulk Sample. Over 800 tonnes of material are being processed through heap leach, an additional 350 tonnes of crushed material and 250 tonnes of raw-bulk sample are available for gravity recovery and later agitated leach testing. Initial results from the first week of leaching highlight the start of gold and silver going into solution for recovery. An onsite laboratory is being used during the program with weekly duplicate samples sent to LTM (Hermosillo) and SGS (Durango). The results confirm the performance of the onsite laboratory and indicate a successful start to the leaching process (see Charts 1 and 2). Results from initial sampling of the carbon material used to filter the leaching solution ...