Colibri Resource Corp. retains AuroMetallum for Mapping at Evelyn Gold Project in Sonora
Colibri Resource Corp. retains AuroMetallum
for Mapping at Evelyn Gold Project in Sonora
DIEPPE, NB
,
Oct. 1, 2019
/CNW/ -
Colibri Resource Corporation
(TSX Venture - CBI) ("Colibri"
or "The Company") is pleased to announce that it has contracted AuroMetallum Geology Consulting
Services of
Hermosillo, Mexico
to complete a comprehensive geological mapping study of its Evelyn
Gold Project near Caborca in
Sonora, Mexico
.
The project is utilizing a team of four members and will take approximately 3 to 4 weeks of field
work to complete. The final report is expected to be prepared within 6 to 7 weeks.
The final comprehensive report will verify and absorb isolated work programs completed to date by
Colibri and is intended to generate additional areas of interest not yet mapped or chip sampled. The
report will also propose potential drilling targets that Colibri will drill test in Q4 2019. The Evelyn
project has never been drilled.
"This is a very exciting time for Colibri in terms of exploration at the Evelyn Gold Project. We believe
that Evelyn may have one of the best addresses in the Caborca Gold Belt that is not currently held
by a major producer" states
Ron Goguen
.
Localized geological mapping and sampling on the Evelyn property in 2019 has been aimed at
following up anomalies from a soil geochemistry survey completed in 2011. Most recently
announced samples returning 4.81 g/t Au and 4.19 g/t Au were collected from an area comprised of
abundant quartz in sub-crop with local iron-oxide staining. The newly discovered area was located
by following up an anomalous soil sample of 0.33 g/t Au and is located approximately 1 km north-
northeast of the Main Zone. The Main Zone consists of a
200m
long moderately to steeply dipping
Au-bearing quartz vein which has been the subject of historical mining. Sampling of the Main Zone
vein by Colibri in 2019 returned grab sample values of up to 43.1 g/t Au (see Colibri news release
dated
March 26
th
, 2019).
AuroMetallum is an experienced full-service geological services company that has previously been
retained by Newmont Goldcorp, Agnico Eagle Mines, and Centerra Gold.
Exploring Evelyn has been a focus for Colibri in calendar 2019 and by completing this new report the
Company will be in position to confidently move forward with its maiden drilling program on the
project in the near term.
About Evelyn Project
The Evelyn property is 506 hectares in size and is located in northern
Sonora
, within the Caborca
Gold Belt of the Sonora Megashear.
The Caborca Gold Belt hosts many significant gold mines including the Noche Buena Mine (167,200
ounces Au produced in 2018) located approximately 9 km southwest of Evelyn and the La Herradura
Mine (474,200 ounces Au produced in 2018) which is located approximately 30 km to the west of
Evelyn. Both mines are operated by
Fresnillo
plc
.
Historical local mining on the Evelyn property was
focused on a steeply dipping quartz-sulphide vein and associated quartz-carbonate alteration. The
tonnage mined and ounces produced are not known to the Company.
No drilling has been
completed to date on the property.
About Colibri
Colibri Resource Corp. is a Canadian based junior gold exploration and development company which
is focused in Sonora State,
Mexico
where it has five highly prospective projects at various stages of
exploration. These projects are near currently producing, past producing, and development mines.
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/October2019/01/c0990.html
%SEDAR: 00021936E
For further information:
Ronald J. Goguen, President, Chairperson and Director, Tel: (506) 383-
4274, [email protected]
CO: Colibri Resource Corporation
CNW 09:24e 01-OCT-19