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Colibri Resource Corp Receives Initial Assays from Trenching at the Evelyn Gold Project That Include 4.01 Grams per Tonne Gold
Dieppe, New Brunswick--(Newsfile Corp. - November 9, 2020) - Colibri Resource Corporation (TSX...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Resource Corp Receives Initial Assays from Trenching at the Evelyn Gold Project That Include 4.01 Grams per Tonne GoldDieppe, New Brunswick--(Newsfile Corp. - November 9, 2020) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to announced that the Company has received the first set of assays from the trenching program the Evelyn Gold Project, located in the Caborca Gold Belt, northwestern Sonora. Results include an assay of 4.01 grams per ton (\"gpt\") Au. Colibri has been granted a permit to complete up to 2.2 kilometers (\"km\") of trenching in 13 separate locations on the Evelyn property. The trenching program is nearing completion and the Company has received assay results from 77 samples thus far, which represents 30% of the samples taken in the program to date. The samples represented in this release are largely focused on the Cerro Rojo target area and, specifically, projecting and targeting the Cerro Rojo fault zone under alluvial cover. The trenches have been excavated through alluvium and weathered and fractured rock to sub-crop or bedrock at depths between 1.5 and 2.5 metres (\"m\"). Pyrite recognized in the trenches is partially to completely oxidized. Chip samples taken from the trenches are from 0.30 to 2.00 m in length. Highlights of ResultsA sample of 4.01 gpt Au was recovered from a trench which is located on the north-northeast projection of the Main Zone. The sample is from a 0.40 m quartz vein with oxidized pyrite and sericite and iron carbonate alteration. The vein is oriented north-northeast and is hosted by the metasedimentary rock unit that hosts the Main Zone mineralization. Previously released results from sampling of the Main Zone includes assays of 43.97 gpt and 40.1 gpt from grab samples. The new trenches and sampling extend known mineralization on the Main Zone to a strike length of 125m. The Company has continued stepping out with trenches to the north-northeast along the trend of the Main Zone and assay results are pending. A sample which returned a grade of 2.44 gpt is from a trench located approximately 85 m northwest of the Main Zone and is located along the projection of the Cerro Rojo fault. The sample is hosted by porphyritic andesite and was 1.5 m in length over a zone of quartz veinlets with oxidized pyrite and iron carbonate alteration. Eleven...