Colibri Resource Concludes Current Phase of Field Work at Evelyn and Plans Next Phase Trenching Program - Samples up to 8.4 g/t Au
Colibri Resource Concludes Current Phase of
Field Work at Evelyn and Plans Next Phase
Trenching Program - Samples up to 8.4 g/t Au
Dieppe, New Brunswick--(Newsfile Corp. - July 15, 2020) -
Colibri Resource Corporation (TSXV: CBI)
("Colibri" or the "Company") is pleased to announce that it has received assay results from its recently
concluded geological mapping and sampling program on the Evelyn property.
Results include an assay
of 8.4 grams per tonne ("g/t Au") in the Cerro Rojo target area.
Previously released results from the
Cerro Rojo include 27.5 g/t Au and 43.9 g/t Au from grab samples (see Colibri News Releases dated
June 8, 2020 and March 26, 2019).
The mapping and sampling program on the Evelyn property was concluded as planned approximately 3
weeks ago.
The final field work on the Evelyn Property focussed on mapping, prospecting, and sampling
along projected structural trends in the southern part of the property referred to as the Cerro Rojo target
area.
A total of 40 grab samples, consisting of outcrop, sub-crop, and proximal float, were taken during
this phase of the mapping and sampling program.
Nine of the samples returned grades greater than 0.1
g/t Au which included 4 samples greater than 1 g/t Au.
The high-grade samples all consist of quartz vein,
veinlets, and quartz breccia with oxidized pyrite and goethite.
Wulfenite has been recognized locally
being associated with the higher-grade samples.
The locations of the higher-grade samples are
indicated on the attached map below in yellow.
Sample Map - Evelyn Gold - July 2020
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Ian McGavney, Chief Operating Officer for the Company commented: "This recent work on the south
eastern part of the property has extended the footprint of the Cerro Rojo target area and along with
previous sampling and mapping, appears to confirm the presence of important north-south trending and
northwest-southeast trending mineralized structures. Company geologists are presently finalizing
geological maps, reports, and interpretations.
We are currently planning a near term program of surface
stripping and trenching to advance the Cerro Rojo target area through to the next stage of planned
drilling".
The mapping of the western Evelyn property will be completed over the next two weeks and will be
uploaded to
www.colibriresource.com
when field work is completed and maps are finalized.
Sampling, Analyses, and QAQC
The samples collected during the recently completed field work and reported here are grab samples of
out-crop, sub-crop, and angular, locally derived float.
Sample preparation and assays were completed at
ALS Minerals in Hermosillo, Sonora using industry standard sample preparation and analytical
techniques for Au determination.
QAQC implemented by the Company includes the use of Certified
Reference Materials and the completion of duplicate analyses.
All samples were in the possession of
Company geologist from collection to submission at the ALS Laboratory in Hermosillo.
Qualified Person
Jamie Lavigne, P. Geo and a Director for Colibri is a Qualified Person as defined in NI 43-101 and has
reviewed and approved the technical information in this press release.
About Colibri Resource Corporation:
Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) focused on
acquiring and exploring properties in Mexico. The Company currently has five active exploration
properties at various stages of exploration.
For more information about all of our projects please visit:
www.colibriresource.com
.
We seek safe harbour.
SOURCE: Colibri Resource Corporation
For further information: Ronald J. Goguen, President, Chairperson and Director, Tel:(506) 383-4274,
The TSX Venture Exchange has neither approved nor disapproved the contents of this news
release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/59817