Business
Colibri Reports Evelyn Property Update: 3,122 Metres of Reverse Circulation Drilling Completed and a Grab Sample from Surface Returns 27.1 Grams per Tonne Au
Dieppe, New Brunswick--(Newsfile Corp. - December 23, 2021) - Colibri Resource Corporation (TS...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Reports Evelyn Property Update: 3,122 Metres of Reverse Circulation Drilling Completed and a Grab Sample from Surface Returns 27.1 Grams per Tonne AuDieppe, New Brunswick--(Newsfile Corp. - December 23, 2021) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to report on the progress of exploration at the Evelyn Gold Project (\"Evelyn\") located in the Caborca Gold Belt, northwestern Sonora. On December 18, the Company paused its Phase I drill program for the holidays at Evelyn after having competed 3,122 metres in 22 holes. Colibri also reports the results of geological mapping and outcrop sampling recently completed at Evelyn which includes a grab sample which returned an assay result of 27.10 grams per tonne (\"g/t\") Au from the El Sahuaro Target area.DRILL PROGRAM 2021Colibri commenced drilling at the Evelyn Gold Project on November 8 and paused drilling on December 18 for the 2021 holiday season after having completed a total of 3,122 metres of Reverse Circulation (\"RC\") drilling in 22 holes. The drilling was completed as part of Phase I of a fully funded - two phase 10,000 metre drill program. Phase I drilling has been planned to evaluate areas of anomalous and higher-grade Au assay results from surface and trench exposures coincident with magnetic gradients and lineaments and with structures identified through geological mapping. Phase I drilling to date has been completed at selected targets within the El Sahuaro and Cerro target areas. The Company will resume Phase I drilling at the El Sahuaro and Cerro Rojo targets, as well as other prioritized targets on the property in January, upon receipt and interpretation drill assay results. FIELD WORK UPDATERecent geological mapping at the Evelyn Gold Project has included determining the distribution of a Proterozoic metamorphic unit at El Sahuaro target area. Previous sampling of the unit has returned values of 44.9 g/t Au, 39.6 g/t Au, 24 g/t Au, 9.84 g/t Au, 5.58 g/t Au, and 3.0 g/t Au. The Company interprets the occurrence and distribution of the metamorphic unit to be an important component in the geological/exploration model for Au mineralization on the property. Recent geological mapping has further refined and expanded the known extents of the unit and newly received sampling has returned multiple values greater than 1 g/t...