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Colibri Resource Corporation Announces Initiation of Phase 1 Drilling at Pilar
Colibri Resource Corporation Announces Initiation of Phase 1 Drilling at Pilar Can...
About this update from Colibri Resource Corporation
[{"type":"text","content":"\n\n\n\nColibri Resource Corporation Announces Initiation of Phase 1 Drilling at Pilar\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nDIEPPE, NB, March 20, 2018\n\n\n\nDIEPPE, NB, March 20, 2018 /CNW/ - (CBI: TSX-V) – Colibri Resource Corporation (\"Colibri\" or the \"Company\") is pleased to announce that that Phase 1 drilling of its 2018 drilling program has begun on its 100% owned Pilar Project in Sonora State Mexico. \n\nThe Phase 1 drilling program, which calls for up to 30 holes to be drilled, is designed to confirm modelling and extend the known mineralization of the Main Zone to the north-west and south-east along trend.\n\nDrilling targets for this program have chosen by utilizing 3D modelling techniques introduced in a model prepared by geologist Jamie Lavigne, Hector Mendivil, a Geosoft TARGET for ArcGIS specialist, and Colibri's Country Manager & geologist Jackie E. Stephens. \n\nIn the past it had been assumed that the main NW/SE Fault structure at the center of the gold mineralization on the Pilar Project of interest was a \"strike-slip\" fault, and the North Hill Mineralization is a right-lateral extension of the South Hill Mineral.  However, when a prior operator drilled the JESP-15 hole, results indicated that mineralization actually extended into North Hill crossing the strike-slip fault to the NW. This could indicate that there is in fact be no strike-slip movement, but rather there are two separate parallel fault-zones containing gold mineralization. If further proven, this will allow for much greater potential for additional ounces of gold at the Pilar Project.\n\nTo date, Colibri has defined an in-house resource calculation on Main Zone deposit of 700,000 tonnes grading 1.9 g/t Au.\n\nFor more information about all of our projects please visit: www.colibriresource.com\n\nQualified Person and NI 43-101 Discloser\n\nJackie E. Stephens, P. Geo for Colibri, is the Qualified Person, (as defined in NI 43-101), who has reviewed and approved the technical information in this press release....