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Colibri Option Partner Tocvan Ventures Corp Reports Assay Results from the Pilar Gold & Silver Project Including 35.1 Metres at 0.66 Grams per Tonne AU
Dieppe, New Brunswick--(Newsfile Corp. - June 15, 2021) - Colibri Resource Corporation (TSXV: ...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Option Partner Tocvan Ventures Corp Reports Assay Results from the Pilar Gold & Silver Project Including 35.1 Metres at 0.66 Grams per Tonne AUDieppe, New Brunswick--(Newsfile Corp. - June 15, 2021) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to announce that its partner, Tocvan Ventures Corp (\"Tocvan\"), has reported assay results from 4 holes drilled at the Pilar Gold & Silver Project (\"Pilar\") located in Sonora, Mexico. Tocvan is currently completing 3,500 metres (\"m\") of Reverse Circulation drilling in 20 holes comprising its Phase II program at Pilar. Previously released assay results from Phase II at Pilar include an intersection of 29 m at an average grade of 0.71 grams per tonne (\"g/t\") Au in hole hole JES-21-38.A highlight of the current results includes an intersection of 0.66 g/t Au over an intersection length of 35.1 m in hole JES-21-43. \"Hole JES-21-043 is a significant step out to the east and illustrates the potential of the Main Zone at Pilar. We continue to be very pleased by the work being completed by Tocvan and look forward to further assay results from the Phase II drill program\" commented Company President and 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. Description of the drill results released by Tocvan follows:TOCVAN NEWS RELEASE:Calgary, Alberta - June 15, 2021. Tocvan Ventures Corp. (CSE: TOC) (\"Tocvan\" or the \"Corporation\") is pleased to announce results for the next four drill 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 3,500 meters of reverse circulation (RC) drilling in twenty (20) drill holes. Results for four drill holes are included in this release, highlighted by drill hole JES-21-43 which returned 35.1 meters at 0.66 g/t Au and 6 g/t Ag (0.72 g/t AuEq). Thirteen (13) drill holes are pending assay results. Drill Result HighlightsJES-21-43 (Figure 1)35.1 meters at 0.66 g/t Au and 6 g/t Ag (0.72 g/t AuEq) from 97.6 to 132.7 metersIncluding 13.7 meters at 1.7 g/t Au from 119 to 132.7 metersIncluding 3.1 meters at 6.8 g/t Au...