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Colibri's Option Partner to Commence Exploration Activities at Pilar Gold & Silver Project in Sonora, Mexico
Dieppe, New Brunswick--(Newsfile Corp. - November 10, 2021) - Colibri Resource Corporation (TS...
About this update from Colibri Resource Corporation
[{"type":"text","content":"Colibri's Option Partner to Commence Exploration Activities at Pilar Gold & Silver Project in Sonora, MexicoDieppe, New Brunswick--(Newsfile Corp. - November 10, 2021) - Colibri Resource Corporation (TSXV: CBI) (\"Colibri\" or the \"Company\") is pleased to announce that its partner Tocvan Ventures Corp. (\"Tocvan\") has reported the re-commencement of field operations at the Pilar Au-Ag Project in Sonora, Mexico. Tocvan is in the third year of a five-year option agreement with Colibri to earn an initial 51% ownership of the Pilar Gold-Silver Project. For full details of the agreement see Colibri's news release dated September 24th, 2019.\"We are very happy to see Tocvan taking the next steps in advancing the Pilar Gold & Silver Project. Colibri, through its 100% owned Evelyn Gold Project (which is currently being drilled) and its partnerships on another four projects which are also being actively explored, anticipates steady news about activity, advancement, and growth for many months to come,\" says Ron Goguen, President & CEO of Colibri.Tocvan reports that it intends to further evaluate surface mineralization with trenching and channel sampling followed by a series of column leach studies on representative samples at sites across the Main Zone. In addition, drilling is planned with between 5,000 to 8,000 meters estimated to be completed between now and July, 2022. Drilling will focus on step-out drilling along the Main Zone and the new 4-Trench Trend. Exploration drilling will continue to evaluate target areas along the Triple Vein Zone. Surface exploration work will continue with trenching and sampling along the southeastern extension of the Main Zone. 2021/2022 Operation PlansTrenching of Main Zone for bulk sampling and column leach study5,000 to 8,000 meters of drillingDrilling to include:Step-outs of Main Zone targetsStep-out and Exploration drilling along 4-Trench trendExploration drilling along Triple Vein ZoneSurface trenching, sampling, and target evaluation.Operation DetailsMetallurgical StudiesTrenching across the near-surface mineralized portions of the Main Zone will be completed for channel sampling and subsequently for bulk sampling. Several bulk sample composites will be collected for detailed column leach study and at a later date drill holes will be completed across the Main Zone to evaluate metallurg...