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Colibri Option Partner Tocvan Reports First Three Holes of Phase 2 Drilling at the Pilar Gold-Silver Project Sonora, Mexico
Dieppe, New Brunswick--(Newsfile Corp. - May 27, 2021) - Colibri Resource Corporation (TSXV: C...
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[{"type":"text","content":"Colibri Option Partner Tocvan Reports First Three Holes of Phase 2 Drilling at the Pilar Gold-Silver Project Sonora, MexicoDieppe, New Brunswick--(Newsfile Corp. - May 27, 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 2 drill program at Colibri's Pilar Gold-Silver Project.\"Once again, we are impressed by the drilling results released by Tocvan. They have done an excellent job confirming and growing the deposit to date. Colibri is well positioned to continue delivering significant growth in value on many fronts for its shareholders this year!\" says Company President & CEO Ron Goguen.Tocvan is in year two of a five-year option agreement with Colibri to earn an initial 51% ownership of the Pilar Gold-Silver Project. For full details of the agreement see Colibri's news release dated September 24th, 2019.TOCVAN NEWS RELEASE:Calgary, Alberta - May 27, 2021. Tocvan Ventures Corp. (CSE: TOC) (\"Tocvan\" or the \"Corporation\") is pleased to announce results for the first three holes from its Phase II drill program (the \"Program\") at the Pilar Gold-Silver Project in Sonora, Mexico. A Phase II drill program is currently in progress with 2,900 meters of reverse circulation (RC) drilling in seventeen (17) drill holes completed to date. Results for the first three drill holes are included in this release. Fourteen (14) drill holes are pending assay results. Drill Result HighlightsJES-21-38 (Figure 1)29.0 meters at 0.71 g/t Au from surface to 29.0 metersIncluding 3.1 meters at 2.6 g/t Au from surface to 3.1 metersAlso, Including 6.1 meters at 1.9 g/t Au from 22.9 to 29.0 metersAnd, 24.4 meters at 0.56 g/t Au from 67.1 to 91.5 metersIncluding 9.2 meters at 1.3 g/t Au and 14 g/t Ag from 79.3 to 88.5 metersJES-21-376.1 meters at 0.48 g/t Au and 4 g/t Ag (0.52 g/t AuEq) from 59.5 to 65.6 metersAnd, 4.6 meters at 0.50 g/t Au and 11 g/t Ag (0.62 g/t AuEq) from 71.7 to 76.3 metersIncluding 1.5 meters at 1.13 g/t Au and 24 g/t Ag (1.4 g/t AuEq) from 71.7 to 73.2 meters\"We are extremely pleased with these early stage results\", commented VP Exploration, Brodie Sutherland. \"As we advance north of the Main Zone we are finding significant mineralization. We are especially excited to see ...