Colibri Resource Corporation Discovers Mineralized Quartz Veins in Sub-Crop at its Evelyn Property, Mexico - Samples as high as 4.81 grams per tonne
Colibri Resource Corporation Discovers
Mineralized Quartz Veins in Sub-Crop at its
Evelyn Property, Mexico - Samples as high as
4.81 grams per tonne
DIEPPE, NB
,
June 3, 2019
/CNW/ - (TSXV: CBI) Colibri Resource Corporation ("Colibri" or the
"Company") is pleased to announce that it has received additional assays from its geological
mapping and sampling program on the Evelyn property, in northern
Sonora, Mexico
. Results from
grab samples include values of 4.81 g/t Au and 4.19 grams per tonne ("g/t") Au from an area not
previously mapped or sampled.
Recent and on-going geological mapping and sampling on the Evelyn property has been aimed at
following up anomalies from a soil geochemistry survey completed in 2011. The 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 moderately to steeply dipping Au-bearing quartz vein which has been the
subject of historical mining. Recent sampling of the Main Zone vein by Colibri returned grab sample
values of up to 43.1 g/t Au (see Colibri news release dated
March 26
th
, 2019).
In addition to on-going geological mapping and sampling at Evelyn, the Company is planning a
property wide, high density, airborne magnetic survey. The objective of the integrated exploration
approach is to determine the structural framework of the property and the setting of known gold
mineralization. Based on the outcome of this phase of exploration, advanced exploration activities
being contemplated by the Company include trenching, 3D Induced Polarization surveys, and drilling
on selected targets. The Evelyn property has not been previously drill tested.
About Evelyn
The Evelyn property is located in northern
Sonora
, within the Caborca Gold Belt ("CGB"). The CGB
is hosted by the
Sonora
megashear, which in turn is part of the regional
Mojave
-
Sonora
megashear,
which extends from southern
California
through
Arizona
and Sonora. The Caborca Gold Belt hosts
the Noche Buena Mine (167,200 ounces Au produced in 2018) which is located approximately 9 km
southwest of Evelyn and La Herradura Mine (474,200 ounces Au produced in 2018) which is located
approximately 30 km to the west of Evelyn. Geological mapping completed by Company geologists
confirm that the Evelyn property hosts Orogenic-type lode Au mineralization similar to that described
for other gold deposits within the CGB.
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
.
We seek safe harbour.
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
.
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/June2019/03/c2786.html
%SEDAR: 00021936E
For further information:
Ronald J. Goguen, President, Chairperson and Director, Tel: (506) 383-
4274, [email protected]
CO: Colibri Resource Corporation
CNW 15:09e 03-JUN-19