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Colibri Reports Evelyn Property Update: Phase 1 Drilling Complete
Dieppe, New Brunswick--(Newsfile Corp. - June 13, 2022) - Colibri Resource Corporation (TSXV: ...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Reports Evelyn Property Update: Phase 1 Drilling CompleteDieppe, New Brunswick--(Newsfile Corp. - June 13, 2022) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to report that Phase 1 of a planned 2 phase, 10,000 metres (\"m\"), fully funded Reverse Circulation (\"RC\") drill program at the Evelyn Gold Project (\"Evelyn\") located in the Caborca Gold Belt, northwestern Sonora, has been completed.Phase 1 drilling at the Evelyn project was completed during the first week of June and totalled 6,547 m drilled in 45 holes. Results from the first 22 holes (3,122 m) completed in the fall of 2021 were released in February (See news release dated February 8th, 2022) and assays are pending for the remaining 23 holes (3,425 m) recently completed.The Company's RC drill rig has been demobilized from the Evelyn property and has been moved to its storage facility in Hermosillo for routine care and maintenance and is expected to be mobilized in the near term to its Diamante Project located in eastern Sonora to complete a 2,000m drilling program.PHASE 1 DRILL PROGRAM HIGHLIHGTSPhase I drilling at Evelyn was 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 has been completed at selected targets within the El Sahuaro, Cerro Rojo, and West Evelyn target areas. Phase II drilling at the Evelyn Gold project is currently being planned to follow-up on positive results from Phase 1, to test Chargeability targets derived from the Companies' Induced Polarization Survey completed in 2021, and to evaluate targets under Tertiary cover based on on-going property wide interpretation.Highlights of previously released results include an intersection of 12.19 grams per tonne (\"g/t\") Au over an intersection length of 3 metres (\"m\") in hole EVE21-027 and 33.7 g/t Au over and intersection length of 1 m in hole EVE21-019. (See news release dated February 8th, 2022)Illustration 1: Evelyn property. Previously released Phase 1 drill program assay results highlights.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/4269/127536_3bd699a6641b8bb5_001full.jpgHighlighted Sample Results from Phase 1AHo...