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Colibri Receives Drilling Permit for 56 Holes at the Evelyn Project in Sonora, Mexico - Samples 33 g/t Gold and 119 g/t Silver
Dieppe, New Brunswick--(Newsfile Corp. - October 12, 2021) - Colibri Resource Corporation (TSX...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Receives Drilling Permit for 56 Holes at the Evelyn Project in Sonora, Mexico - Samples 33 g/t Gold and 119 g/t SilverDieppe, New Brunswick--(Newsfile Corp. - October 12, 2021) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to announce that a permit to drill up to 56 holes at the Evelyn Gold Project, located in northern Sonora, Mexico has been received. The application was submitted to SEMERNAT (the Mexican environmental authority) on September 3rd, 2021, and permission was granted October 5, 2021. The Company continues to complete geological mapping and sampling to refine drill targets and reports an assay of 33 grams per tonne (\"g/t\") Au and 119 g/t Ag.Next StepsThe Company will begin remediation of access roads to and within the property this week. These repairs are required to support trucks carrying reverse circulation (\"RC\") drill equipment after what has been a particularly heavy rainy season in northern Sonora. The road work is expected to be completed within 2 weeks after which the preparation of drill access roads and drill pads will start. Contracts and arrangements for the RC drill are being finalized and the Company anticipates drilling to begin upon the completion of prioritized drill pads. The fully funded drill program of up to 10,000 metres is expected to be conducted in two phases.\"I am very pleased that we have reached the drill stage in the exploration of the Evelyn Property. We have completed a systematic, property-wide exploration program that includes geological and structural mapping, geochemistry and analyses of a large number of surface samples, and geophysical surveys that include Magnetics and Induced Polarization. The drill plan is the culmination of this work and will be testing our exploration model developed over the last 18 months,\" commented Ian McGavney, COO for Colibri.Evelyn Geology, Exploration, and Drill PlanThe Evelyn Gold Project is an Orogenic-type gold target located in the Caborca Gold Belt of northwestern Sonora. The property is located approximately 25 kilometres (\"km\") east of La Herradura, Mexico's largest open pit gold mine, which produced 425,288 ounces of gold in 2020 at an average grade of 0.77 grams per tonnes (\"g/t\") Au and is also approximately 9 km northeast of the Noche Buena mine which produced 87,988 ounces Au at ...