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Colibri Resource Corp Option Partner at El Mezquite Gold and Silver Project Files Environmental Report for Drilling Permit
Dieppe, New Brunswick--(Newsfile Corp. - March 11, 2021) - Colibri Resource Corporation (TSXV:...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Resource Corp Option Partner at El Mezquite Gold and Silver Project Files Environmental Report for Drilling PermitDieppe, New Brunswick--(Newsfile Corp. - March 11, 2021) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to announce that its earn-in option partner Silver Spruce Resources Inc. (TSXV: SSE) has filed an Informe Preventivo with the Mexican government environmental authority, SEMARNAT, for the El Mezquite gold and silver project in preparation of a maiden drilling program at the property. The Informe Preventio is an environmental assessment report which is required in order to receive a drilling permit in Mexico.Silver Spruce intends to conduct an initial 1,500 to 2,000-metre diamond drill program (Phase 1) to test targets derived from surface mapping and sampling and are planning a follow-up Phase 2 drilling program as results warrant.Silver Spruce is currently in year 1 of a 4-year option to purchase 50% of Colibri's 100% owned El Mezquite project. For full details of this agreement please reference Colibri's news release dated June 6th, 2020.\"We are very excited with the progress made at El Mezquite. As we swiftly draw closer to a maiden drill program on the project, we are becoming very confident with the drill targets being selected and have high hopes for positive results,\" says Ron Goguen, Colibri President & CEO.Project backgroundThe El Mezquite project is located within the west-central portion of the Sierra Madre occidental volcanic complex within the prominent northwest-trending Sonora gold belt of northern Mexico and parallel to the well-known, precious-metals-rich Mojave-Sonora megashear.The property is very well situated in terms of logistics for exploration and is located only 12 kilometres northwest of the Nicho deposit currently under mine development by Minera Alamos.Other nearby large operating mines include Alamos Golds Los Mulatos gold mine and Agnico Eagle's La India gold mine located 50 and 58 kilometres to the northeast, respectively and Agnico's Pinos Altos mine located 100 km to the southeast. Exploration in the surrounding area is very active with adjacent and nearby properties held by Evrim, Newmont, Garibaldi, Kootenay Silver and Penoles.The 180-hectare property is easily accessible from Mexican Highway No. 16 via a southerly trending unp...