Colibri Receives Historical Assays from Santa Catalina Mining's Pilar Exploration
Colibri Receives Historical Assays from
Santa Catalina Mining's Pilar Exploration
DIEPPE, NB, May 7, 2019 /CNW/ - (CBI-TSX Venture) Colibri
Resource Corporation ("Colibri" or the "Company") is pleased to
announce that it has purchased and received historical assay results
for over 8,000 samples collected on the Pilar Gold Project by Santa
Catalina Mining ("SCM") in the 1990's. With the permission of the
past management of SCM, the assay lab that completed the analyses,
ALS Global ("ALS"), Vancouver, B.C. has released the data to Colibri.
Colibri has confirmed that SCM assays were completed at ALS
laboratories with sample preparation completed in Hermosillo, Sonora,
Mexico and Atomic Absorption and Fire Assay analyses completed in
Vancouver, Canada and followed standard chain of custody
procedures.
During the period 1995 to 1997 SCM conducted exploration programs
on the Pilar Gold Property that included approximately 7,900 meters of
diamond and RC drilling, 2,650 meters of channel sampling from
trenches, and hundreds of grab samples from road cuts and outcrops.
The data for each sample includes values for gold (Au), silver (Ag),
base metals, as well as five pathfinder element assays. Until now, this
data has not been available to the Company.
Although the Company does not have original SCM drill logs, the
Company can report that the new data is consistent with SCM's
historically released hole results and has correlated all historically
reported hole intersections to consecutive values in the newly
received data.
Highlights:
1. A series of 11 consecutive assays (4 of which were reported in
ounces per ton gold) including: 8.316 opt Au (285.12 g/t), 1.328
opt Au (45.53 g/t), 5.702 opt Au (195.50 g/t), and 1.514 opt Au
(51.91 g/t), has been interpreted to correspond with hole S-10.
SCM first disclosed the results of this hole in a news release
dated July 30th, 1996 where they announced the hole contained
16.5m of 54.47 g/t Au. This hole is located in the North Hill Zone
of the property.
2. A series of 9 consecutive assays including a single intersection
of 80.3 g/t Au has been interpreted to correspond with hole Q-8b
which was reported by SCM in a news release dated October 3rd,
1996 where they reported gold mineralization of 9.64 g/t Au over
an intersection length of 13.50 m.
3. Another series of 6 consecutive assays including: 0.54 g/t Au,
8.52 g/t Au, 20.66 g/t Au, 16.23 g/t Au, 8.04 g/t Au, and 6.97 g/t
Au has been interpreted to confirm the results of hole P-9b
announced on January 14, 1997. This intersection was
announced by SCM as 10.16 g/t Au over 9 meters and was
drilled in the Main Zone of the property.
(*Each assay is interpreted to be representative of a 1.5-meter
sample)
In addition to the acquisition of the historical assay data, the Company
had previously received historical drill information, including hole
location and orientation data, for most of the SCM holes from the
former SCM project geologist responsible for Pilar exploration (see
news release dated Dec 19, 2018). The Company is actively
compiling and interpreting this newly acquired data to achieve an
improved understanding of the distribution of Au at Pilar and with the
objectives planning further drilling to expand resources and drilling to
support initial resource estimation.
"The Company views the receipt of this data as very significant as it
will provide a great deal of information that Colibri can use in
continued development of Pilar. Colibri will be creating a new 3D
model of the Main Zone and plans to complete infill and exploration
expansion drilling as required," stated Colibri President & CEO Ron
Goguen.
The drill data released by SCM also includes several long, lower
grade (i.e. 0.5 g/t Au to 1.0 g/t Au intercepts. A full list of reported
SCM intercepts are listed below:
Phase Hole From To Length Au (g/t) Ag (g/t) Zone
1 S - 10 52.5 69 16.5 53.47 53.4 North Hill
1 Q - 9b 18 21 3 0.7 6.4 Main Zone
1 31.5 33 1.5 0.63 1.7
1 L - 8 1.5 6 4.5 0.72 6 Main Zone
1 Q - 8 39 40.5 1.5 0.95 0.7 Main Zone
1 46.5 49.5 3 0.43 0.2
1 60 61.5 1.5 0.46 0.3
1 63 67.5 4.5 0.36 2.4
1 69 72 3 0.67 3.7
1 Q - 8b 18.8 31.5 13.6 9.64 7.2 Main Zone
1 O - 7 21 25.5 4.5 0.35 0.43 Main Zone
1 67.5 72 4.5 0.35 1.2
1 N-9c 1.5 4.5 3 4.07 74.3 Main Zone
1 45 46.5 1.5 0.95 NR
1 Q - 9 52.5 54 1.5 1.79 11.7 Main Zone
1 76.5 79.5 3 0.57 3.3
1 Q - 10 1.5 3 1.5 1.3 3.1 Main Zone
1 15 16.5 1.5 0.4 6.4
1 25.5 27 1.5 0.84 0.9
1 K - 13 49.5 51 1.5 0.77 0.9 4 Trench
1 67.5 69 1.5 0.55 0.3
1 P-10b 76.5 102 25.5 0.92 3.2 Main Zone
1 114 115.5 1.5 0.57 1.2
Phase Hole From To Length Au (g/t) Ag (g/t) Zone
1 O-9b 15 19.5 4.5 0.86 7.5 Main Zone
1 36 39 3 0.4 8.1
1 66 73.5 7.5 3.33 54.8
1 H-15 3 7.5 4.5 0.6 22.3 4 Trench
1 54 57 3 0.75 2.9
1 G - 15 3 4.5 1.5 0.49 30.6 4 Trench
1 P - 8 10.5 25.5 15 1.06 6.6 Main Zone
1 34.5 42 7.5 1.24 5.1
1 60 67.5 7.5 0.53 0.8
1 K - 15 4.5 6 1.5 0.49 30.6 4 Trench
1 J - 16 10.5 19.5 9 0.52 NR 4 Trench
1 N - 9 6 13.5 7.5 1.08 35.2 Main Zone
1 58.5 61.5 3 0.61 1.4
1 N - 12 60 64.5 4.5 1.42 25 Main Zone
1 Q -13 6 9 3 0.52 NR 4 Trench
1 S - 11 3 4.5 1.5 6.7 56.6 North Hill
1 T - 12 1.5 4.5 3 0.94 NR North Hill
1 O-8b 66 73.5 7.5 3.33 54.8 Main Zone
2 P-9-B 57 66 9 10.16 37.8 Main Zone
2 66 85.5 19.5 0.33 14.1
2 P-7 34.5 72 37.5 0.45 1 Main Zone
2 P-7-B 45 66 21 0.54 1.8 Main Zone
2 P-8-B 13.5 57 43.5 0.65 1.4 Main Zone
2 P-9 25.5 42 16.5 0.58 4.9 Main Zone
2 51 69 18 0.56 4.1
2 R-8 19.5 25.5 6 2.19 14.8 Main Zone
2 46.5 60 13.5 3.06 29.4
2 K-16 1.5 9 7.5 3.3 31.3 4 Trench
2 P-11-B 55.5 58.5 3 1.09 0 Main Zone
Phase Hole From To Length Au (g/t) Ag (g/t) Zone
2 PP-8 9 16.5 7.5 1.07 1.5 Main Zone
3 S-13-B 1.5 3 1.5 8.58 1.1 North Hill
3 LL-8-B 1.5 9 7.5 0.54 15.8 Main Zone
3 27 28.5 1.5 1.15 0.5
3 O-10 64.5 69 4.5 0.86 20 Main Zone
3 90 93 3 1.21 2.9
3 PP-8-C 1.5 25.5 24 0.68 0.5 Main Zone
3 7.5 21 13.5 1.05 0.9
3 34.5 46.5 12 2.15 2.1
3 69 75 6 1.24 0.2
3 R-8-C 1.5 10.5 9 2.36 3.1 Main Zone
3 Q-11-B 1.5 6 4.5 1.24 1.6 Main Zone
3 12 21 9 1.46 0.2
3 91.5 103.5 12 3.9 32.9
Colibri Resource Corp. Historic Drilling Results (including Canadian
Gold Resources)
The SCM data received by ALS Global favourably compares with
intervals reported from drilling that Colibri and its wholly owned
subsidiary Canadian Gold has reported from the Main Zone, North
Hill, and 4 Trench areas in four separate drilling programs which has
totalled approximately 10,000 m. Below are select sample results from
holes drilled by Colibri and its wholly owned subsidiary Canadian
Gold:
Year Hole From To Length Au (g/t) Ag (g/t) Zone
2010 J-3 3 6 3 3.05 17.9 North Hill
2010 J-7 11.5 14.5 3 7.91 37 Main Zone
2010 JES-10 0 60 60 0.58 N/A Main Zone
2010 JES-12 0 40.5 40.5 1.31 N/A Main Zone
2010 JES-15 3 13.5 10.5 1.01 N/A North Hill and 30.5 35 4.5 1.93 N/A
2010 JES-17 40.5 43.5 3 1.13 N/A North Hill
2010 JES-25 47.5 52 4.5 1.04 N/A Main Zone and 103.5 106.5 3 1.38 N/A
Year Hole From To Length Au (g/t) Ag (g/t) Zone
2012 JESP-12-4 11 33 21 0.84 0.71 Main Zone and 52.5 55.5 3 3.44 2.75
2012 JESP-12-18 43 46 3 1.25 1.2 4 Trench
2013 JESP-13-15 39 105 66 0.94 5.46 Main Zone incl. 91.5 93 1.5 7.36 1.4
2018 JES-18-03 117 130.5 13.5 5.64 N/A Main Zone incl. 117 126 9 8.16 N/A incl. 117 118.5 1.5 33.4 N/A
2018 JES-18-04 34.5 63 28.5 0.57 N/A Main Zone
2018 JES-18-07 0 12 12 0.52 0.84 Main Zone incl. 0 3 3 1.74 2.3
2018 JES-18-19 33 73.5 40.5 0.73 1.98 Main Zone incl. 45 48 3 5.37 3.2
2018 JES-18-24 21 82.5 61.5 0.75 1.67 Main Zone incl. 57 58.5 1.5 17.3 0.9
2018 JES-18-25 72 75 3 5.4 2.95 Main Zone
About the Pilar Gold Project
The Pilar Gold Project is strategically located in the historic Sonora
gold district which has produced the majority of gold mined in Mexico.
The Pilar Gold Project consists of low-sulfidation epithermal
mineralization in a highly fractured, altered, and highly oxidized
volcanic host rock. Two zones of mineralization have been interpreted
based on surface exposure, trenching, and historical drilling and
include the Main Zone and North Zone. A third target area, referred to
as the 4 trench target, has been drill tested with encouraging results.
Metallurgical testing (bottle roll) has shown an average recovery of
92% over three separate tests including both high and low grades.
Qualified Person
Jackie E. Stephens, P. Geo for Colibri is a Qualified Person as defined
in NI 43-101 and has reviewed and approved the technical information
in this press release.
For more information about all of our projects please visit:
www.colibriresource.com.
About Colibri Resource Corporation:
Colibri is a Canadian mineral exploration company listed on the TSX-
V(CBI) focused on acquiring and exploring gold properties in Mexico.
We seek safe harbour.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release. 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. The statements made in this news release
may contain forward-looking statements that may involve a number of
risks and uncertainties. Actual events or results could differ materially
from the Company's expectations and projections.
SOURCE Colibri Resource Corporation
View original content:
http://www.newswire.ca/en/releases/archive/May2019/07/c9934.html
%SEDAR: 00021936E
For further information: Ronald J. Goguen, President, Chairperson
and Director, Tel: (506) 383-4274, [email protected]
CO: Colibri Resource Corporation
CNW 08:00e 07-MAY-19