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Colibri Option Partner Drills 94.6 Meters of 1.6 g/t Au, Including 9.2 Meters of 10.8 g/t Au at the Pilar Gold-Silver Project Sonora, Mexico.
Dieppe, New Brunswick--(Newsfile Corp. - February 9, 2021) - Colibri Resource Corporation (TSX...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Option Partner Drills 94.6 Meters of 1.6 g/t Au, Including 9.2 Meters of 10.8 g/t Au at the Pilar Gold-Silver Project Sonora, Mexico.Dieppe, New Brunswick--(Newsfile Corp. - February 9, 2021) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to announce that its option partner, Tocvan Ventures Corp. (\"Tocvan\") has reported assay results from its Phase 1 drill program at Colibri's Pilar Gold-Silver Project. \"We are extremely pleased to receive this good news from Tocvan. Our current business model has Colibri quickly building shareholder value by actively advancing four separate projects simultaneously in Sonora, Mexico. Colibri itself is in the field and actively trenching and sampling on the highly prospective Evelyn Gold Project, Property Option partner Tocvan is making tremendous advances at the Pilar Gold & Silver Project, and Earn-In partner Silver Spruce Resources is actively exploring and preparing for a near term drilling program at the El Mezquite Gold & Silver Project. Silver Spruce is also mapping and sampling Colibri's nearby Jackie Gold & Silver Project. Although each project is at a different stage of exploration, they all hold the potential to host significant gold deposits. Colibri is well positioned to deliver significant growth in value on many fronts for its shareholders this year!\" says Company President & CEO, Ron Goguen. Tocvan Reports:Drilling HighlightsJES-20-32• 94.6 meters at 1.6 g/t Au from 57.9 to 152.5 meters including a high-grade interval of 9.2 meters at 10.8 g/t Au and 38 g/t Ag from 57.9 to 67.1 meters JES-20-33• 41.2 meters at 1.1 g/t Au from 57.9 to 99.1 meters including a high-grade interval of 3.1 meters at 6.0 g/t Au and 12 g/t Ag from 71.6 to 74.8 meters JES-20-36• 24.4 meters at 2.5 g/t Au and 73 g/t Ag from 96.1 to 120.5 meters including a high-grade interval of 9.2 meters at 6.3 g/t Au and 192 g/t Ag from 96.1 to 105.2 meters and also including 1.5 meters at 33.4 g/t Au and 1,090 g/t Ag from 96.1 to 97.6 meters Drill Results DiscussionA total of 1,505 meters of RC drilling in nine (9) drill holes was completed during the Phase One program. All drill holes were step-outs or extensions of previously drilled areas. Results are summarized in Table 1 and highlights of the program are shown in Figure 1. JES-...