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Colibri Resumes Exploration and Applies for Drill Permit at the Evelyn Gold Property, Northwestern Sonora, Mexico
Dieppe, New Brunswick--(Newsfile Corp. - October 27, 2022) - Colibri Resource Corporation (TSX...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Resumes Exploration and Applies for Drill Permit at the Evelyn Gold Property, Northwestern Sonora, MexicoDieppe, New Brunswick--(Newsfile Corp. - October 27, 2022) - Colibri Resource Corporation (TSXV: CBI) (OTC Pink: CRUCF) (\"Colibri\" or the \"Company\") is pleased to report that the Company has resumed exploration at the Evelyn Gold Property. Company geologists have recently mobilized to the property and are currently collecting soil samples. The Company is also pleased to report that on October 10th, applications for drilling and trenching permits at the Evelyn property were submitted to SEMARNAT (the Mexican government environmental authority). Approvals for this work are expected shortly.Upon receipt of the drill permit, the Company intends to complete 2 drill programs. The first program will be following up on the Company's Phase 1 reverse circulation (\"RC\") drilling program completed in the fall/winter of 2021/2022 will include a planned 2,000 metres (\"m\") in 5 holes designed to test the results of the Induced Polarization (\"IP\") Survey completed in 2021. The primary target is a chargeability anomaly that underlies the Main Zone, and the program will include testing a chargeability and resistivity target west of the Main Zone. The locations of the holes planned to test the IP results are indicated in Figure 1. The second drill program is planned to explore under extensive alluvial cover north of the Main Zone and will comprise drilling a number of short, relatively closely spaced RC holes designed to penetrate the alluvium and sample the top of bedrock. The objective of this program is to locate the northern extension of the Main Zone and to test for the location of other potentially mineralized structures interpreted by the Company. The locations of the areas planned for drill testing bedrock covered by alluvium are indicated in Figure 1.The soil sampling currently in progress has been designed to test for the southern extension of the Main Zone structure under an apron of relatively thick colluvium and will consist of a Soil Gas Hydrocarbon (\"SGH\") program with analyses and interpretation being completed at Activation Laboratories Ltd. (\"Actlabs\") located in Ancaster, Ontario. The planned locations of the soil samples being collected are indicated on Figure 1.Upon receipt of the permit to excavate tr...