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Colibri Resource Corp.
Summary
| Project: | Pilar | |
|---|---|---|
| Deposit: | Pilar | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 5/31/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 31-5-2018: Colibri Resource Corp. announces an Exploration/Drilling Update report for its Pilar deposit at the Pilar project. Drilling results incl. 40.50m @ 0.73g/t Au from 33.00m. DIEPPE, NB, May 31, 2018 /CNW/ - (CBI: TSX-V) – Colibri Resource Corporat | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jackie Stevens (Internal) | |
| ABSTRACT: | DIEPPE, NB, May 31, 2018 /CNW/ - (CBI: TSX-V) – Colibri Resource Corporation ("Colibri" or the "Company") wishes to announce assay results from 16 more holes completed on its Phase 1 reverse circulation (RC) drilling program on its 100% owned Pilar Gold Project in Sonora, Mexico. Results include an intersection of 5.37 grams per tonne (g/t) Au over an intersection length of 3.0 meters (m) in hole JES18-19 which was part of a longer intersection of 40.5m of 0.73 g/t. All holes drilled in the 2018 campaign to date at Pilar have intersected gold mineralization ranging from anomalous to high grade. Hole JES-18-3, previously released (see Colibri NR dated May 8, 2018) intersected 8.16 g/t Au over an intersection length of 9 m. Significant intersection results for the last 16 holes drilled at Pilar are presented in table 1 below and indicated on the hole locations are presented on the attached map. In addition to the relatively long intersection in hole JES-18-19, similar intersections in hole JES-18-6 (0.31 g/t Au over an intersection length of 22.5 m including 0.73 g/t Au over 6 m) and hole JES-18-14 (0.20 g/t Au over an intersection length of 52.5 m including 0.51 g/t Au over an intersection length of 12m) confirm the previously interpreted 0.20 g/t Au mineral envelope comprising the Main Zone. The objectives of the Phase 1 drill program at Pilar are to test for continuity within previously interpreted zones of mineralization, test for extensions to the known mineralization, and explore locally for new zones of gold mineralization. In addition, the Company has recently completed a soil geochemistry survey of the eastern half of the Pilar property. To date, 2,117 metres (20 holes) of the planned 3,000 m Phase 1 RC drill program have been completed. The Company is reviewing the recent drilling and exploration results and is now drilling the final 900 m of the Phase 1 drill program. | |
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