Colibri Resource Corp Option Partner Begins Drilling at Colibri's Pilar Gold & Silver Project in Sonora
Colibri Resource Corp Option Partner Begins
Drilling at Colibri's Pilar Gold & Silver Project
in Sonora
Dieppe, New Brunswick--(Newsfile Corp. - December 1, 2020) -
Colibri Resource Corporation (TSXV:
CBI) ("Colibri" or the "Company") is pleased to announce it has received confirmation that its option
partner Tocvan Ventures (CSE: TOC) will begin a drilling program at Colibri's Pilar Gold & Silver project
this week. The drill program will consist of up to 1,500 metres ("m") of reverse circulation ("RC") drilling
and has been planned to confirm selected historical drilling and extend mineralization in the Main Zone
along strike. Tocvan anticipates that the drilling will provide important structural information to assist in
planning a subsequent drill campaign to test the interpretations of deeper mineralization based on
geophysical results and structural interpretation. See Tocvan's news dated December 1
st
, 2020 for
further details.
Figure 1: 3D Inversion processed from Induced Polarization (IP) geophysics survey showing interpreted
feeder-pipe structures.
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4269/69271_29ed148704143953_001full.jpg
About the Pilar Property
The Pilar Gold-Silver property is interpreted as a structurally controlled low-sulphidation epithermal target
hosted by andesite and rhyolite. Three zones of mineralization have been identified in the north-west part
of the property from historic surface work and drilling and are referred to as the Main, North Hill and 4
Trench Zones.
The zones of mineralization and related structures form northwest-southeast trends.
Approximately 17,700 m of drilling have been completed on the property to date. Significant results
include:
17,700m of Core & RC drilling. Highlights include (
all lengths are drilled thicknesses
):
0.73g/t Au over 40m
0.75g/t Au over 61m
17.3g/t Au over 1.5m
5.27g/t Au over 3m
53.47g/t Au & 53.4g/t Ag over 16m
9.64g/t Au over 13m
10.6g/t Au & 37.8g/t Ag over 9m
2,650m of surface and trench channel sampling. Highlights include:
55g/t Au over 3m
28.6g/t Au over 6m
3.39 g/t Au over 50m
Soil sampling results from undrilled areas indicating mineralization extends towards the
southeast from the Main Zone, North Hill Zone, and 4-Trench Zone
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 projects at various
stages of exploration. The Evelyn Gold Project is 100% owned and explored by the Company and four
projects Pilar, El Mezquite, Jackie, and Pitaya are currently subject to joint venture or earn agreements to
arms length parties.
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,
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/69271