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Colibri Option Partner Drills 21.7-Meters of 0.94 g/t Oxide Au Including 4.0-Meters of 4.3 g/t Au and 7 g/t Ag at Pilar
Dieppe, New Brunswick--(Newsfile Corp. - March 30, 2022) - Colibri Resource Corporation (TSX...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Option Partner Drills 21.7-Meters of 0.94 g/t Oxide Au Including 4.0-Meters of 4.3 g/t Au and 7 g/t Ag at PilarDieppe, New Brunswick--(Newsfile Corp. - March 30, 2022) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") reports that its option partner Tocvan Ventures has reported drilling results from the Company's Pilar Gold & Silver Project in Sonora, Mexico. Results for the first three drill holes, totaling 513.3 meters, all completed in the Main Zone (see Figure 1) are provided in this release. A total of 1,540 meters of Phase III drilling have been completed in nine drill holes providing key information across the Main Zone and 4-T Trend. Drill hole JES-22-58 intersected 21.7-meters of 0.94 g/t Au, including 4.0 meters of 4.3 g/t Au and 7 g/t Ag. JES-22-58 was a diamond drill hole drilled to confirm host rock and structure intersected in drill hole JES-20-36 which was a Reserves Circulation (\"RC\") hole and which intersected 24.4 meters of 2.5 g/t Au and 73 g/t Ag, including a high-grade interval of 1.5 meters of 33.4 g/t Au and 1,090 g/t Ag. Tocvan is currently in its 3rd year of a 5-year agreement to earn an initial 51% of Colibri's Pilar Gold & Silver Project located in the prolific gold producing state of Sonora in Mexico. For full details of Colibri's agreement with Tocvan please see the Company's news release dated September 24th, 2019.Tocvan Reports: (March 30th, 2022)Drill HighlightsJES-22-58 (Core)33.3m at 0.63 g/t Au and 2 g/t Ag, from 85.6 metersIncluding 21.7m at 0.94 g/t AuIncluding 4.0m at 4.3 g/t Au and 7 g/t AgJES-21-57 (RC)6.1m at 0.51 g/t Au and 8 g/t Ag, from 6.1-meters downhole depthJES-22-60 (Core)5.5m at 0.64 g/t Au and 10 g/t Ag, from 5.4-meters downhole depth\"Core drilling continues to demonstrate the continuity and strength of oxide gold-silver mineralization at Pilar\", commented Brodie Sutherland, CEO. \"Intersecting another broad low-grade zone with a high-grade core is extremely encouraging as we look to advance our understanding of the Main Zone and move the project towards the next stage of development. With more results pending we look forward to outlining the next steps for expansion at Pilar.\" Discussion of Significant ResultsAs part of the Phase III program, nine drill holes have been completed totalling over 1,540 meters (Figure 1). Drilling look...