Colibri Announces Grab and Channel Samples Taken at Diamante Gold and Silver Project - Assays as High as 1.195 g/t Gold, 837 g/t Silver, and 6.87% Zinc
Colibri Announces Grab and Channel Samples
Taken at Diamante Gold and Silver Project -
Assays as High as 1.195 g/t Gold, 837 g/t
Silver, and 6.87% Zinc
Dieppe, New Brunswick--(Newsfile Corp. - April 27, 2021) - Colibri Resource Corporation (TSXV: CBI)
("Colibri" or the "Company") is very pleased announce the positive results of channel and grab samples
reported yesterday by its potential partner Silver Spruce Resources (TSXV: SSE) at the Diamante 1 and
Diamante 2 concessions when completing their due diligence on the Diamante Gold & Silver Project.
Silver Spruce recently signed a Letter of Intent with Colibri Resource Corp. (TSXV: CBI) ("Colibri"), and
its wholly-owned Mexican subsidiary, Yaque Minerales SA de CV ("Yaque"), to acquire up to 50%
interest in four concessions with a cumulative land position of 1,057 hectares.
The Diamante Gold-Silver (Au-Ag) Project ("Diamante" or the Property") is a high potential - early stage
precious metal property located 5 km northwest of the town of Tepoca, and 165 km southeast of the
capital city of Hermosillo, eastern Sonora, Mexico.
Diamante 1 is situated to the 180-ha El Mezquite
project.
Diamante 2, 700 metres south of Diamante 1, is located 1.6 kilometres northwest of the
Company's 1,130-ha Jackie project.
Figure 1. Diamante 1 and 2 Concession Location Map. Note adjacent El Mezquite and Jackie
Concessions. Nicho mine development by Minera Alamos located 12 km SE of Diamante.
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Due Diligence
Silver Spruce sent a team of two geologists to the Diamante Concessions to verify the known targets
and carry out preliminary rock sampling (Figure 2).
The sample data and assays from rock samples
collected at five of the targets (Calton, El Cumbro, El Cazo-La Olla, La Prieta and El Chon) are reported
below in Tables 1.
Table 1. Selected precious metal, base metal and pathfinder element assays from due diligence
samples
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Figure 2. Due diligence sampling of silicified breccia at El Chon artisanal workings - Diamante 1.
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Project Geology
Diamante 1 and 2 include more than ten known occurrences at La Prieta-El Aguaje, El Chon-El Pillado,
La Olla, La Cruz and El Caso, Mezquite Raizudo, El Puerto, El Cumbro, Calton and the Southern
Anomaly.
The target location maps and sampling highlights were provided previously (see Press
Release - Feb 24, 2021).
Sampling highlights from areas of interest on the Diamante concessions,
some with artisanal mining, have reported significant values of precious and base metals (Au, Ag, Pb,
Zn) in individual samples collected from historical mine dumps, small-scale processing slag, and assays
from vein (veta) and stockwork style mineralization.
The Property exhibits geological features of epithermal low to intermediate sulfidation Ag-Au (Pb-Zn),
high sulphidation Au-Cu, and potential transition to porphyry style Au-Cu.
Precious and base metal
polymetallic mineralization occurs as disseminated, stockwork and vein styles accompanied by
silicification (with quartz veining), and phyllic, argillic, advanced argillic (quartz-alunite-pyrite) and
propylitic (chlorite) zones, with near-surface overprinting by oxidation, jarosite and vuggy silica.
Mineralization is reported as pyrite, chalcopyrite and galena, and probable secondary base metal
oxides, carbonates and sulphates, including copper carbonate (malachite) and copper sulphates with
jarosite, commonly is coincident with alteration, iron oxide and oxyhydroxide (hematite, goethite and
limonite) staining, and structural lineaments identified in the historical exploration.
Six known vein
systems correspond to ENE, NE and NW orientations.
About Colibri Resource Corporation:
Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on
acquiring and exploring prospective gold & silver properties in Mexico. The Company has six exploration
projects of which five currently have exploration programs being executed or planned. The flagship
Evelyn Gold Project
is 100% owned and explored by Colibri. The Company has four additional projects,
Pilar Gold & Silver Project
(optioned to Tocvan Ventures (CSE: TOC),
El Mezquite Gold & Silver
Project
,
Jackie Gold & Silver Project, and the Diamante Gold & Silver Project
(earn-in agreements
with Silver Spruce Resources (TSXV: SSE) are also currently being actively advanced.
For more information about all Company projects please visit:
www.colibriresource.com
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Notice Regarding Forward-Looking Statements:
This news release contains "forward-looking statements". Statements in this press release which are not
purely historical are forward-looking statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Actual results could differ from those projected in any
forward-looking statements due to numerous factors. These forward-looking statements are made as of
the date of this news release, and the Company assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ from those projected in the forward-
looking statements. Although the Company believes that the plans, expectations and intentions
contained in this press release are reasonable, there can be no assurance that they will prove to be
accurate.
For further information: Ronald J. Goguen, President, Chairperson and Director, Tel: (506) 383-4274,
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