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Colibri's Option Partner Reports Trench Sample Results Including 19.8 Metres of 0.73 g/t Au and 19.5 Metres of 0.61 g/t Au at Pilar Gold & Silver Project in Sonora, Mexico
Dieppe, New Brunswick--(Newsfile Corp. - January 18, 2022) - Colibri Resource Corporation (TSX...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri's Option Partner Reports Trench Sample Results Including 19.8 Metres of 0.73 g/t Au and 19.5 Metres of 0.61 g/t Au at Pilar Gold & Silver Project in Sonora, MexicoDieppe, New Brunswick--(Newsfile Corp. - January 18, 2022) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to announce that its partner Tocvan Ventures Corp. (\"Tocvan\") has reported four trench sample results at the Pilar Gold & Silver Project. 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 total of four trenches were completed in December, 2021 totalling 80 meters length. All four trenches intersected mineralization with two trenches yielding consistent mineralization across the entire length of the trench. T-21-2, intersected 19.5 meters of 0.61 g/t Au across the entire length of the trench in an area along the developing 4-Trench Trend. T-21-3, yielded 19.8 meters of 0.73 g/t Au and was targeted to provide key geochemical information across the Main Zone where mineralization outcrops at surface. Initial bulk-sample material from T-21-3 will be submitted to SGS Laboratories in Durango, Mexico and used for column leach studies. Follow-up metallurgical studies will utilize the surface material extracted from the other three trenches. Trench Results HighlightsT-21-1 - 4.9m at 0.55 g/t Au and 11 g/t AgT-21-2 - 19.5m at 0.61 g/t Au and 6 g/t AgIncluding, 11.5m at 0.87 g/t Au and 7 g/t AgIncluding, 2.7m at 3.01 g/t Au and 20 g/t AgT-21-3 - 19.8m at 0.73 g/t Au and 8 g/t AgIncluding 8.6m at 1.27 g/t Au and 12 g/t AgT-21-4 - 7m at 0.54 g/t Au and 5 g/t Ag\"The results from our trench program are very encouraging, especially in regard to defining key material for advanced metallurgical studies and showcasing the surface continuity of gold values\" commented CEO, Brodie Sutherland. \"Material from these trenches will be utilized for advanced column leach studies to build off our encouraging bottle roll results from 2021 that yielded over 90% recovery of gold. Trench T-21-2 has yielded promising results in our developing 4-Trench Trend which w...