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Colibri's Option Partner Reports High-Grade Surface Exploration Results Identifying Undrilled Au-Ag Targets at Pilar Gold & Silver Project
Dieppe, New Brunswick--(Newsfile Corp. - February 1, 2022) - Colibri Resource Corporation (TSX...
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[{"type":"text","content":"Colibri's Option Partner Reports High-Grade Surface Exploration Results Identifying Undrilled Au-Ag Targets at Pilar Gold & Silver ProjectDieppe, New Brunswick--(Newsfile Corp. - February 1, 2022) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to announce that its partner Tocvan Ventures Corp. (\"Tocvan\") has reported additional surface sample results at the Pilar Gold & Silver Project. Highlights from these samples includes 9.2 g/t Au and 279 g/t Ag, 6.6 g/t Au and 433 g/t Ag, and 1.3 g/t Au and 524 g/t Ag.Tocvan is currently in its 3rd year of a 5 year agreement to earn an initial 51% of Colibri's Pilar Gold & Silver Project located in the prolific gold producing state of Sonora in Mexico. For full details of Colibri's agreement with Tocvan please see the Company's news release dated September 24th, 2019.TOCVAN REPORTSA surface exploration program was conducted in December following-up on target areas identified earlier in 2021. A total of 59 samples were collected with 21 samples returning values greater than 0.5 g/t Au (Table 1). Sampling defined several new target areas yet to be drilled. The Main Zone has been expanded with high-grade Au-Ag values (9.2 g/t Au and 279 g/t Ag) along the southeast extent hosted in a silicified quartz vein breccia. The 4-T Trend has been extended to the southeast 100-meters with high-grade Au-Ag values, highlighted by 6.6 g/t Au and 433 g/t Ag hosted in a strongly silicified fault. A new vein corridor identified by several artisanal workings and shafts over a 200-meter strike has returned high-grade silver values highlighted by 524 g/t Ag and 1.3 g/t Au hosted in a silicified quartz vein breccia. In addition, mineralization has been identified further to the south (300-meters) highlighted by 3.1 g/t Au and 27 g/t Ag.Surface Results Highlights Main Zone Expansion New alteration corridor identified adjacent to Main Zone, highlighted by:9.2 g/t Au and 279 g/t Ag 4-T Trend extended over 100-meters to the southeast, highlighted by: 6.6 g/t Au and 433 g/t Ag 3.5 g/t Au and 645 g/t Ag 4.9 g/t Au and 32 g/t AgNEW Vein Target defined over 200-meter strike, highlighted by: 1.3 g/t Au and 524 g/t Ag 1.3 g/t Au and 94 g/t Ag 1.1 and 48 g/t AgSouth Zone reconnaissance sampling returned:3.1 g/t Au and 27 g/t Ag2.5 g/t Au and 2 g/t Ag1.0 g/t Au and 29 g/t Ag \...