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Colibri Resource Corp.
Summary
| Project: | Pilar | |
|---|---|---|
| Deposit: | Pilar | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 7/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 16-7-2018: Colibri Resource Corp. announces an Exploration/Drilling Update report for its Pilar deposit at the Pilar project. Drilling results incl. 61.5m @ 0.75g/t Au. DIEPPE, NB, July 16, 2018 /CNW/ - (CBI: TSX-V) – Colibri Resource Corporation ("Colibr | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jackie Stevens (Internal) | |
| ABSTRACT: | DIEPPE, NB, July 16, 2018 /CNW/ - (CBI: TSX-V) – Colibri Resource Corporation ("Colibri" or the "Company") wishes to announce assay results from the last seven holes and two hole extensions completed on its Phase 1 reverse circulation (RC) drilling program on its 100% owned Pilar Gold Project in Sonora, Mexico. Highlights include an intersection of 61 meters (m) of 0.75 grams per tonne (g/t) gold (Au) which includes 17.3 g/t over Au over an intersection of 1.5 m in hole JES-18-24. (all assays in program are 1.5 m in length) The objectives of the Phase 1 drill program at Pilar have been to confirm continuity within previously interpreted zones of mineralization, discover extensions to the known mineralization, and explore locally for new zones of gold mineralization. Hole JES-18-25 which was drilled approximately 60m southeast of the previous announced JES 18-03 confirms expanded mineralization in the Main Zone and returned results of 5.4 g/t over 3m. Our model for the Main Zone has been proving to hold true. The results released today, as well as those already released in Phase 1, have extended the Main Zone's mineralized envelope to the northwest as well as the southeast by upwards of a total of 145 m. This represents an increase of 52% in the length of the Main Zone and potential remains open to both the northwest and southeast. On trend, approximately 170 m to the south east of JES-18-25, is a shallow historic mine shaft which has surface sampled 2.48 g/t Au and 1.23 g/t Au. Gold bearing mineralization from this shaft is very similar to the structural mineralization to the north west which would indicate that it may be part of the same system. | |
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