Pilar Gold Project - Colibri Option Partner Tocvan Ventures Announces High Grade Mineralization at Two New Showings
Pilar Gold Project - Colibri Option Partner
Tocvan Ventures Announces High Grade
Mineralization at Two New Showings
DIEPPE, NB
,
Jan. 7, 2020
/CNW/ - (CBI-TSXV) Colibri Resource Corporation ("Colibri" or the
"Company") is pleased to announce that it has received the rock chip sample results from Tocvan
Ventures Inc. ("Tocvan") which were taken by Tocvan's geologists during a due diligence visit the
Pilar gold project in
November 2019
. Colibri has subsequently entered into an option agreement with
Tocvan regarding Pilar since that time (See news release dated:
November 26, 2019
). A total of 35
samples were sent for assay, four of which were QA-QC samples. Significant results were found in
22 samples.
Sample #
Au
g/t
Ag g/t
Cu %
Pb %
PILAR-MTS-02
0.9
14.3
0.261
0.003
PILAR-MTS-03
1.3
5.4
0.338
0.002
PILAR-MTS-05
0.8
12.7
0.129
0.002
PILAR-MTS-06
3.2
8.3
0.350
0.001
PILAR-MTS-09
0.2
2.2
1.255
0.005
PILAR-MTS-10
0.9
17.2
0.734
0.010
PILAR-MTS-11
3.8
57.4
0.846
0.005
PILAR-MTS-12
0.0
5.6
1.910
0.001
PILAR-MTS-13
0.0
12.9
0.946
0.001
PILAR-MTS-14
0.1
3.3
1.400
0.001
PILAR-MTS-19
0.8
1.7
0.013
0.008
PILAR-MTS-20
5.6
84.2
0.088
1.710
PILAR-MTS-21
0.7
20.3
0.027
0.185
PILAR-MTS-22
9.3
76.4
0.120
2.150
PILAR-MTS-25
0.5
323.0
0.016
0.242
PILAR-MTS-26
1.4
2.4
0.002
0.013
PILAR-MTS-27
2.2
14.7
0.012
0.259
PILAR-MTS-29
4.3
172.0
0.086
1.125
PILAR-MTS-30
23.7
116.0
0.089
0.040
PILAR-MTS-33
4.4
44.5
0.109
0.036
PILAR-MTS-34
7.5
41.9
0.044
0.022
PILAR-MTS-35
2.2
3.5
0.179
0.008
The samples taken illustrate high grade gold (Au) and silver (Ag) assay results at two new areas
that could significantly extend the known mineralization on the Pilar property. Among the assay
results are values up to 9.3 g/t Au and 76.4 g/t Ag at the south-east part of the property, and up to
323 g/t Ag and 0.5 g/t Au midway along the eastern portion of the property. Samples taken in these
areas follow up a prominent gold and silver anomaly identified in a soil sample survey in 2018.
In addition, Tocvan conducted a check of the location of the S-10 drill intercept from the mid 1990's
which returned 53.47 g/t Au and 53.4 g/t Ag over
16.5m
. The drill intercept location was estimated
and then projected to surface where a dark red hematite sheared outcrop was located, uncovered
and sampled. Among the assays returned was a sample of 3.8 g/t Au and 57.4 g/t Ag showing
mineralizing fluid flow in the structures.
A full map illustrating the samples taken in
November 2018
at Pilar can be viewed in Tocvan's news
release dated
January 7
th
, 2020.
The technical information in this news release has been prepared by
Mark T. Smethurst
, P.Geo.,
COO and Director of Tocvan Ventures Inc, and a "qualified person" within the meaning of National
Instrument 43-101 – Standards of Disclosure for Mineral Projects.
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
View original content:
http://www.newswire.ca/en/releases/archive/January2020/07/c2397.html
%SEDAR: 00021936E
For further information:
Ronald J. Goguen, President, Chairperson and Director, Tel:(506) 383-
4274, [email protected]
CO: Colibri Resource Corporation
CNW 10:54e 07-JAN-20