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Colibri Option Partner Begins Preparation for a Bulk Sample at the Pilar Gold & Silver Project in Sonora
Dieppe, New Brunswick--(Newsfile Corp. - January 24, 2023) - Colibri Resource Corporation (TSXV: ...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Option Partner Begins Preparation for a Bulk Sample at the Pilar Gold & Silver Project in SonoraDieppe, New Brunswick--(Newsfile Corp. - January 24, 2023) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to report that its option partner Tocvan Ventures (CSE:TOC) has announced that it has begun preparations to complete a bulk sample at the Pilar Gold & Silver Project in Sonora, Mexico.\"After several years of hard work, our partners are advancing the Pilar project to a stage where we can now imagine it being an operating open pit heap leach gold mine in the not-too-distant future. A successful bulk sample will be a large step in the right direction for unlocking the value of the project\" said Ian McGavney - COO of Colibri.Tocvan's bulk sample will consist of up to 1,000 tonnes of oxide-gold material from surface exposures across the project area with a primary focus on the Main Zone and 4-T Trends. Bulk Sample material will be extracted and prepared in February for processing by heap-leach method at a private mining facility approximately 25 kilometers to the west of Pilar. Data generated from the bulk sample will provide an understanding of the expected head-grades and recovery percentages of gold and will help optimize future onsite production facilities.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: (January 24th, 2023 - Select Excerpts)Calgary, Alberta - January 24, 2023- Tocvan Ventures Corp. (the \"Company\") is pleased to announce it has begun preparation for an initial Bulk Sample at its Pilar Gold-Silver Project in Sonora, Mexico. Up to 1,000 tonnes of oxide-gold material will be extracted from select areas exposed at surface across the project area, focusing on the Main Zone and 4-T Trends where preliminary column leach studies have returned promising head-grade and recovery results (see summary below). Bulk Sample material will be extracted and prepared in February for processing by heap-leach method at a private mining operation less than 25 kilometers to the west of Pilar. Information from the sample will aim to provide a more detailed account of expected head-grade a...