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Colibri Resource Corp.
Summary
| Project: | Evelyn | |
|---|---|---|
| Deposit: | Evelyn | |
| Location: | Mexico | |
| Commodities: | Gold | |
| Date: | 5/1/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-5-2020: Colibri Resource Corp. announces an Exploration/Drilling Update report for its Evelyn deposit at the Evelyn project. Drilling results incl. 21.9m @ 0.14g/t Au from 28.3m. Dieppe, New Brunswick--(Newsfile Corp. - May 1, 2020) - Colibri Resource C | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rodrigo Calles-Montijo (Servicios Geologicos IMEx. S.C.) | |
| ABSTRACT: | Dieppe, New Brunswick--(Newsfile Corp. - May 1, 2020) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") wishes to announce the results of its first drill program completed on the EvelynGold Property in Sonora, Mexico. All holes intersected anomalous Au mineralization including hole EVE-20-01 which intersected 0.14 grams per tonne (g/t) Au over an intersection length of 21.9 metres (m) which includes an intersection of 0.37 g/t Au over 5.05 m. 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. During 2019 and early 2020, the company completed programs of geological mapping and sampling which resulted in the recovery of high-grade grab samples and the identification of NW-SE trending fault and shear zones. Combined with historical mapping, soil sampling, and outcrop sampling, the recent field work has resulted in the prioritization of two target domains: the Cerro Rojo domain in the south and the El Sahuaro domain in the north (see attached map). | |
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