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Colibri Option Partner Drills 63.4-Meters of 0.6 g/t Au And 11 g/t Ag, Including 29.9-Meters of 0.9 g/t Au And 18 g/t Ag At Pilar, Main Zone Extension
Dieppe, New Brunswick--(Newsfile Corp. - May 27, 2022) - Colibri Resource Corporation (TSXV:...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Option Partner Drills 63.4-Meters of 0.6 g/t Au And 11 g/t Ag, Including 29.9-Meters of 0.9 g/t Au And 18 g/t Ag At Pilar, Main Zone ExtensionDieppe, New Brunswick--(Newsfile Corp. - May 27, 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. 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: (May 27th, 2022)\"Results for core drill holes JES-22-61 and JES-22-64 are provided in this release, both Main Zone extension targets infilling a gap and stepping out from holes JES-22-59 (116.9m at 1.2 g/t Au) and JES-22-62 (108.6m at 0.8 g/t Au) (see Figure 1). JES-22-61 returned 63.4-meters at 0.6 g/t Au and 11 g/t Ag, including 29.9-meters at 0.9 g/t Au and 18 g/t Ag. Within the broader mineralized interval, consistent gold mineralization was recorded within a silicified sulphide-bearing breccia returning 8.9-meters at 2.1 g/t Au, 45 g/t Ag and 6.1% Zn, the highest consistent base-metal mineralization drilled to date (see Plate 1). JES-22-64 was successful in intersecting a broad anomalous gold zone, indicating mineralization continues further to the southeast. 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 two drill holes are pending.Drill HighlightsJES-22-61 (Core)63.4m at 0.6 g/t Au and 11 g/t Ag, from 60.8mIncluding 29.9m at 0.9 g/t Au and 18 g/t Ag, from 60.8mIncluding 8.9m at 2.1 g/t Au, 45 g/t Ag and 6.1% Zn, from 81.8mJES-22-64 (Core)107.3m at 0.1 g/t Au, from 60.3m - Anomalous Zone on trend with JES-22-62Including 44.8m at 0.2 g/t Au, from 93.2m\"Drilling southeast of our Main Zone continues to return excellent gold and silver values in intensely silicified breccia-hosted mineralization,\" commented Brodie Sutherland, CEO. \"Once again, the orientation of drilling has maximized success through this extension zone returning consistent values that warrant more drilling to fully evaluate the potential of t...