Colibri Resource Receives Sample Results and Interpretation From its Evelyn Study - Drill Holes Identified for Maiden Drill Program
Colibri Resource Receives Sample Results
and Interpretation From its Evelyn Study - Drill
Holes Identified for Maiden Drill Program
DIEPPE, NB
, Dec. 3, 2019 /CNW/ - (CBI-TSXV) Colibri Resource Corporation ("Colibri" or the
"Company") is pleased to announce that it has received the sample results from its field geology
study conducted by AuroMetallum Geology Consulting Services. The highest value received was
from a chip sample which measured 40.1 ppm Au from a quartz vein containing boxwork, pyrite, and
goethite.
The team which conducted the study in
October 2019
submitted a total of 100 samples to the
Hermosillo, Mexico
office of ALS Chemex Labs. Of the 100 samples submitted, 91 samples were
taken from exposed outcrop and subcrops in the areas of study, 5 samples were duplicates and
another 4 were standards.
Of the samples taken:
81 have grades >.005 ppm Au (89.0%)
30 have grades >0.10 ppm Au (33.0%)
24 have grades >0.20 ppm Au (26.4%)
12 have grades >0.75 ppm Au (13.2%)
The samples were analyzed for 34 elements including gold, silver, arsenic, bismuth, lead and
copper. Arsenic, lead, and bismuth are understood to be key pathfinder elements in tracing gold in
orogenic structures in the Caborca gold belt including the economically significant mines at
Noche
Buena
and
La Herradura
. Many of the higher grade gold samples taken at Evelyn also have elevated
arsenic, lead and bismuth values.
The results of this sampling program provided additional confidence that the structural and geological
mapping has indeed identified at least two separate corridors of favourable NW/SE structure with
surface expressions of anomalous gold. The study areas have now been named:
Cerro Rojo
and La
Sahuaro. See illustration below. These identified zones also correspond with anomalous soil samples
taken in 2011/2012 (See Company website:
www.colibriresource.com/projects/evelyn
).
Highlighted samples from
Cerro Rojo
:
Sample
Sample
Type
Description
Structure
Au ppm
Ag ppm
Area
497331
Channel
0.75m
Vein
14.45
16.3
Cerro Rojo
497332
Channel
1.5m
Vein
12.45
3.2
Cerro Rojo
497333
Channel
1.5m
Vein
8.6
5.2
Cerro Rojo
497335
Selective
Chip
Veinlets
22.3
28.4
Cerro Rojo
497337
Selective
Chip
Veinlets
40.1
N/A
Cerro Rojo
497367
Selective
Chip
Breccia
0.481
1.8
Cerro Rojo
497374
Selective
Chip
Vein
0.739
1.4
Cerro Rojo
497379
Selective
Chip
Veinlets
3.12
10.7
Cerro Rojo
421099
Selective
Chip
Veinlets
0.849
4.8
Cerro Rojo
Highlighted samples from La Sahuaro:
Sample
Sample
Type
Description
Structure
Au ppm
Ag ppm
Area
497389
Selective
Chip
Vein
2.97
0.5
El Sahuaro
497391
Selective
Chip
Veinlet
0.491
5.0
El Sahuaro
497394
Channel
Chip
Shear
0.397
1.3
El Sahuaro
497395
Channel
Chip
Shear
0.461
1.2
El Sahuaro
497402
Selective
Chip
Shear
0.242
0.8
El Sahuaro
497413
Selective
Chip
Shear
2.74
73.4
El Sahuaro
497415
Selective
Chip
Fractures
0.272
<0.005
El Sahuaro
With samples in hand in combination with the geological & structural mapping, Colibri now feels
confident moving forward with its planned drilling program of up to 1000 meters at Evelyn. Permits
are being applied for and drilling companies are being contacted for quotations. The Company will
provide guidance to the market as permits are received and when a drilling contract has been
awarded.
The Company has enough cash on-hand to complete this drilling program.
Evelyn Map
Evelyn Map (CNW Group/Colibri Resource Corporation)
Sampling, Analyses, and QAQC
The samples collected during the field work and reported here are grab samples of out-crop and
sub-crop. Grab samples are not representative of any volume (tonnage) of potential mineralization
on the property. The grab samples, which may not be representative of metal grades, were
collected as part of the on-going exploration effort to determine the Au and Ag contents of various
rock types on the respective property. The assays were completed at ALS Vancouver Canada after
being submitted to the ALS laboratory in
Hermosillo
, Sonora. Industry standard sample preparation
and analytical techniques were used. The ALS sample preparation procedures used include
crushing the entire sample to 70% passing 2 mm and pulverizing a 250 g split of the crushed sample
to 85% passing 75 microns. Au determination was by fire assay on a 30 g sample of the pulverized
sample and AAS analysis. The high grade Au samples from Evelyn were determined with a
gravimetric finish. Ag was determined on all of the samples by aqua regia digestion and AAS
analysis on a 0.5 g sample of the pulverized material. Ag samples returning over limit values (> 100
g/t) were re-run using an ICP-AES finish. Major, minor, and trace elements were determined on a
limited number of samples using a four acid digestion with ICP-AES finish. 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
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.
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.
The TSX Venture Exchange has neither approved nor disapproved the contents of this news
release.
SOURCE
Colibri Resource Corporation
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For further information:
Ronald J. Goguen, President, Chairperson and Director, Tel:(506) 383-
4274, [email protected]
CO: Colibri Resource Corporation
CNW 10:29e 03-DEC-19