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Colibri Update: 1,122 Metres Completed in 10 Holes At The Pilar Gold & Silver Project In Sonora Mexico
Dieppe, New Brunswick--(Newsfile Corp. - February 12, 2025) - Colibri Resource Corporation (TSXV:...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri Update: 1,122 Metres Completed in 10 Holes At The Pilar Gold & Silver Project In Sonora MexicoDieppe, New Brunswick--(Newsfile Corp. - February 12, 2025) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to share that a total of 1,122 meters has been drilled in 10 diamond drill holes at its El Pilar Gold & Silver Project in Sonora Mexico. Colibri holds 49% interest of the El Pilar along side its partner Tocvan Ventures, which holds a 51% ownership in this advanced stage exploration project.Highlights:1,122 metres drilled in 10 diamond holes a Pilar Gold & Silver ProjectSamples for first three drill holes have been sent to laboratory for analysisInitial review of drill core indicates key structures and favourable rock characterization have been encountered Advancing plans for up to 50,000 tonne bulk sample/pilot facilityThe core program was designed and managed by Tocvan with the aim to infill and step out on known mineralization corridors. The information collected will assist in building a robust geological model set to go into a maiden resource estimate and ultimately a Preliminary Economic Assessment for Pilar's Main Zone. Samples for the first three drillholes (JES-25-103 to JES-25-105) have been delivered to the local ALS Prep Laboratory in Hermosillo, Sonora.In a news release dated February 12, 2025, Brodie Sutherland, the President & CEO of Tocvan Ventures reported the following:\"…The majority of past drilling has been RC, core drilling provides us with key information on the complex structural nature hosting mineralization that will drive future resource expansion. It is clear the host rock has undergone substantial multi-phase preparation making it an excellent target. We look forward to the results.\" Tocvan has also reported that core reviewed from this drill program displays indications of key lithologies and structures known to host and control gold & silver mineralization at Pilar. A summary of these mineralization types is summarized below in Plate 1. The Company cautions these are visual indications; assay results are pending to verify the grade of mineralization and width. Plate 1. Different alteration and lithology styles related to mineralization at Pilar as seen in the recent core program. A. Intense hematite flooding of andesite host rock w...