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Colibri Option Partner Drills 108.6 Meters of 0.8 g/t Gold and 3 g/t Silver, Including 9.4 Meters of 7.6 g/t Gold and 5 g/t Silver at Pilar
Dieppe, New Brunswick--(Newsfile Corp. - April 26, 2022) - Colibri Resource Corporation (TSXV:...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Option Partner Drills 108.6 Meters of 0.8 g/t Gold and 3 g/t Silver, Including 9.4 Meters of 7.6 g/t Gold and 5 g/t Silver at PilarDieppe, New Brunswick--(Newsfile Corp. - April 26, 2022) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to report that today its option partner Tocvan Ventures (CSE: TOC) has announced further drilling results from the Company's Pilar Gold & Silver Project in Sonora, Mexico. Results for core drill hole JES-22-62 are provided in this release. The hole is considered to be a 125m southeast step-out from the recently released JES-22-59 hole (116.9m at 1.2 g/t Au) and infills a gap 100m west of hole JES 21-47 (47.3m at 0.7 g/t Au, see Figure 1). JES-22-62 returned 108.6-meters at 0.8 g/t Au and 3 g/t Ag, including 31.9-meters at 2.4 g/t Au and 2 g/t Ag. Within this broader mineralized interval, consistent high-grade gold mineralization was recorded within a silicified sulphide-bearing breccia which returned 9.4-meters at 7.6 g/t Au and 5 g/t Ag (see Table 2).A total of 1,562 meters of Phase III drilling has been completed in nine drill holes providing key information across the Main Zone and 4-T Trend. Results for four drill holes are pending.Tocvan is in year 3 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 Reports: (April 26th, 2022)Drill HighlightsJES-22-62 (Core)108.6m at 0.8 g/t Au and 3 g/t Ag, from 48.7mIncluding 31.9m at 2.4 g/t Au and 2 g/t Ag, from 125.4mIncluding 9.4m at 7.6 g/t Au and 5 g/t Ag, from 144.8m\"We consider this new discovery of high-grade breccia hosted mineralization on trend with our Main Zone one of our most significant findings to date.\", commented Brodie Sutherland, CEO. \"It also confirms our exploration model for targeting Pilar is effective in defining and expanding our mineralized zones. Past drilling had returned good indications of mineralization through this 200-meter gap area, but this is the first significant interval to date that outlines the larger potential, and so far, the furthest mineralization recorded to the southwest. Drill hole JES-22-62 expands our Main Zone and further confirms there is more to be discovered at Pilar. We look forward to r...