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Colibri Provides Diamante Exploration Update: New Showings Discovered; 3.52 gpt Au and 197 gpt Ag Sampled
Dieppe, New Brunswick--(Newsfile Corp. - November 21, 2023) - Colibri Resource Corporation (TSXV:...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Provides Diamante Exploration Update: New Showings Discovered; 3.52 gpt Au and 197 gpt Ag SampledDieppe, New Brunswick--(Newsfile Corp. - November 21, 2023) - Colibri Resource Corporation (TSXV: CBI) (OTC PINK: CRUCF) (\"Colibri\" or the \"Company\") along with its joint venture partner Silver Spruce Resources Inc. (\"Silver Spruce\") (TSXV: SSE) is pleased to report the discovery of new Gold-Silver showings on the Diamante property which include assays of 3.52 g/t Au and 197 g/t Ag from outcrop grab samples in previously untested areas.Recent exploration at Diamante has been focused on Diamante II and includes property wide geological mapping, evaluation and sampling of historical showings, collection and analyses of 49 steam sediment samples, and assay of 60 outcrop samples. Highlights of the 2023 work to date is the discovery of new mineralized showings in the southern and northern parts of the concession. Assays of 3.52 g/t Au and 121 g/t Ag from one showing and assays of 0.122 g/t Au and 197 g/t Ag from a second showing are on the southern part of the property in the area of Calton and Southern target areas which incudes a past sample of 39.8 /t Au and 109 g/t Ag (Figure 1). In the northern part of the Diamante II concession, samples returning assays of 0.818 g/t Au (5.07 g/t Ag) and 0.749 g/t Au (2.13 g/t Ag) are located approximately 250 metres northwest of the historical Mezquite-Raizudo showing which includes a sample which returned an assay of 5.64 g/t Au. A component of the field work completed to date has been geological mapping and evaluation of historical showings. Confirmation of the historical showings includes a sample which returned an assay of 3.34 g/t Au and 20 g/t Ag from the Calton target area. Ian McGavney, President & CEO of Colibri commented: We are very pleased with these new results which significantly expands the footprint of known mineralization on the Diamante II concession. We will be continuing this early stage exploration approach and anticipate that further geological mapping, prospecting, and continued evaluation of historical showings will provide the structural and alteration framework in which to interpret the extensive epithermal mineralization system evident on the property. We are also modeling, evaluating, and interpreting work previously completed, including the 2022 drillin...