DIEPPE, NB, May 7, 2019 /CNW/ - (CBI-TSX Venture)
Colibri Resource Corporation ("Colibri" or the "Company") is
pleased to announce that it has purchased and received historical
assay results for over 8,000 samples collected on the Pilar Gold
Project by Santa Catalina Mining ("SCM") in the 1990's. With
the permission of the past management of SCM, the assay lab that
completed the analyses, ALS Global ("ALS"), Vancouver, B.C. has released the data to
Colibri. Colibri has confirmed that SCM assays were completed at
ALS laboratories with sample preparation completed in Hermosillo, Sonora, Mexico and Atomic
Absorption and Fire Assay analyses completed in Vancouver, Canada and followed standard chain
of custody procedures.
During the period 1995 to 1997 SCM conducted exploration
programs on the Pilar Gold Property that included approximately
7,900 meters of diamond and RC drilling, 2,650 meters of channel
sampling from trenches, and hundreds of grab samples from road cuts
and outcrops. The data for each sample includes values for gold
(Au), silver (Ag), base metals, as well as five pathfinder element
assays. Until now, this data has not been available to the
Company.
Although the Company does not have original SCM drill logs, the
Company can report that the new data is consistent with SCM's
historically released hole results and has correlated all
historically reported hole intersections to consecutive values in
the newly received data.
Highlights:
- A series of 11 consecutive assays (4 of which were reported in
ounces per ton gold) including: 8.316 opt Au (285.12 g/t), 1.328
opt Au (45.53 g/t), 5.702 opt Au (195.50 g/t), and 1.514 opt Au
(51.91 g/t), has been interpreted to correspond with hole S-10. SCM
first disclosed the results of this hole in a news release dated
July 30th, 1996 where they
announced the hole contained 16.5m of
54.47 g/t Au. This hole is located in the North Hill Zone of the
property.
- A series of 9 consecutive assays including a single
intersection of 80.3 g/t Au has been interpreted to correspond with
hole Q-8b which was reported by SCM in a news release dated
October 3rd, 1996 where
they reported gold mineralization of 9.64 g/t Au over an
intersection length of 13.50 m.
- Another series of 6 consecutive assays including: 0.54 g/t Au,
8.52 g/t Au, 20.66 g/t Au, 16.23 g/t Au, 8.04 g/t Au, and 6.97 g/t
Au has been interpreted to confirm the results of hole P-9b
announced on January 14, 1997. This
intersection was announced by SCM as 10.16 g/t Au over 9 meters and
was drilled in the Main Zone of the property.
(*Each assay is interpreted to be representative of a 1.5-meter
sample)
In addition to the acquisition of the historical assay data, the
Company had previously received historical drill information,
including hole location and orientation data, for most of the SCM
holes from the former SCM project geologist responsible for Pilar
exploration (see news release dated Dec
19, 2018). The Company is actively compiling and
interpreting this newly acquired data to achieve an improved
understanding of the distribution of Au at Pilar and with the
objectives planning further drilling to expand resources and
drilling to support initial resource estimation.
"The Company views the receipt of this data as very
significant as it will provide a great deal of information that
Colibri can use in continued development of
Pilar. Colibri will be creating a new 3D model of the
Main Zone and plans to complete infill and exploration expansion
drilling as required," stated Colibri President & CEO
Ron Goguen.
The drill data released by SCM also includes several long, lower
grade (i.e. 0.5 g/t Au to 1.0 g/t Au intercepts. A full list of
reported SCM intercepts are listed below:
|
Phase
|
Hole
|
From
|
To
|
Length
|
Au
(g/t)
|
Ag
(g/t)
|
Zone
|
|
1
|
S - 10
|
52.5
|
69
|
16.5
|
53.47
|
53.4
|
North Hill
|
|
1
|
Q - 9b
|
18
|
21
|
3
|
0.7
|
6.4
|
Main Zone
|
|
1
|
|
31.5
|
33
|
1.5
|
0.63
|
1.7
|
|
|
1
|
L - 8
|
1.5
|
6
|
4.5
|
0.72
|
6
|
Main Zone
|
|
1
|
Q - 8
|
39
|
40.5
|
1.5
|
0.95
|
0.7
|
Main Zone
|
|
1
|
|
46.5
|
49.5
|
3
|
0.43
|
0.2
|
|
|
1
|
|
60
|
61.5
|
1.5
|
0.46
|
0.3
|
|
|
1
|
|
63
|
67.5
|
4.5
|
0.36
|
2.4
|
|
|
1
|
|
69
|
72
|
3
|
0.67
|
3.7
|
|
|
1
|
Q - 8b
|
18.8
|
31.5
|
13.6
|
9.64
|
7.2
|
Main Zone
|
|
1
|
O - 7
|
21
|
25.5
|
4.5
|
0.35
|
0.43
|
Main Zone
|
|
1
|
|
67.5
|
72
|
4.5
|
0.35
|
1.2
|
|
|
1
|
N-9c
|
1.5
|
4.5
|
3
|
4.07
|
74.3
|
Main Zone
|
|
1
|
|
45
|
46.5
|
1.5
|
0.95
|
NR
|
|
|
1
|
Q - 9
|
52.5
|
54
|
1.5
|
1.79
|
11.7
|
Main Zone
|
|
1
|
|
76.5
|
79.5
|
3
|
0.57
|
3.3
|
|
|
1
|
Q - 10
|
1.5
|
3
|
1.5
|
1.3
|
3.1
|
Main Zone
|
|
1
|
|
15
|
16.5
|
1.5
|
0.4
|
6.4
|
|
|
1
|
|
25.5
|
27
|
1.5
|
0.84
|
0.9
|
|
|
1
|
K - 13
|
49.5
|
51
|
1.5
|
0.77
|
0.9
|
4 Trench
|
|
1
|
|
67.5
|
69
|
1.5
|
0.55
|
0.3
|
|
|
1
|
P-10b
|
76.5
|
102
|
25.5
|
0.92
|
3.2
|
Main Zone
|
|
1
|
|
114
|
115.5
|
1.5
|
0.57
|
1.2
|
|
|
Phase
|
Hole
|
From
|
To
|
Length
|
Au
(g/t)
|
Ag
(g/t)
|
Zone
|
|
1
|
O-9b
|
15
|
19.5
|
4.5
|
0.86
|
7.5
|
Main Zone
|
|
1
|
|
36
|
39
|
3
|
0.4
|
8.1
|
|
|
1
|
|
66
|
73.5
|
7.5
|
3.33
|
54.8
|
|
|
1
|
H-15
|
3
|
7.5
|
4.5
|
0.6
|
22.3
|
4 Trench
|
|
1
|
|
54
|
57
|
3
|
0.75
|
2.9
|
|
|
1
|
G - 15
|
3
|
4.5
|
1.5
|
0.49
|
30.6
|
4 Trench
|
|
1
|
P - 8
|
10.5
|
25.5
|
15
|
1.06
|
6.6
|
Main Zone
|
|
1
|
|
34.5
|
42
|
7.5
|
1.24
|
5.1
|
|
|
1
|
|
60
|
67.5
|
7.5
|
0.53
|
0.8
|
|
|
1
|
K - 15
|
4.5
|
6
|
1.5
|
0.49
|
30.6
|
4 Trench
|
|
1
|
J - 16
|
10.5
|
19.5
|
9
|
0.52
|
NR
|
4 Trench
|
|
1
|
N - 9
|
6
|
13.5
|
7.5
|
1.08
|
35.2
|
Main Zone
|
|
1
|
|
58.5
|
61.5
|
3
|
0.61
|
1.4
|
|
|
1
|
N - 12
|
60
|
64.5
|
4.5
|
1.42
|
25
|
Main Zone
|
|
|
|
|
|
|
|
|
|
1
|
Q -13
|
6
|
9
|
3
|
0.52
|
NR
|
4 Trench
|
|
1
|
S - 11
|
3
|
4.5
|
1.5
|
6.7
|
56.6
|
North Hill
|
|
1
|
T - 12
|
1.5
|
4.5
|
3
|
0.94
|
NR
|
North Hill
|
|
1
|
O-8b
|
66
|
73.5
|
7.5
|
3.33
|
54.8
|
Main Zone
|
|
2
|
P-9-B
|
57
|
66
|
9
|
10.16
|
37.8
|
Main Zone
|
|
2
|
|
66
|
85.5
|
19.5
|
0.33
|
14.1
|
|
|
2
|
P-7
|
34.5
|
72
|
37.5
|
0.45
|
1
|
Main Zone
|
|
2
|
P-7-B
|
45
|
66
|
21
|
0.54
|
1.8
|
Main Zone
|
|
2
|
P-8-B
|
13.5
|
57
|
43.5
|
0.65
|
1.4
|
Main Zone
|
|
2
|
P-9
|
25.5
|
42
|
16.5
|
0.58
|
4.9
|
Main Zone
|
|
2
|
|
51
|
69
|
18
|
0.56
|
4.1
|
|
|
2
|
R-8
|
19.5
|
25.5
|
6
|
2.19
|
14.8
|
Main Zone
|
|
2
|
|
46.5
|
60
|
13.5
|
3.06
|
29.4
|
|
|
2
|
K-16
|
1.5
|
9
|
7.5
|
3.3
|
31.3
|
4 Trench
|
|
2
|
P-11-B
|
55.5
|
58.5
|
3
|
1.09
|
0
|
Main Zone
|
|
Phase
|
Hole
|
From
|
To
|
Length
|
Au
(g/t)
|
Ag
(g/t)
|
Zone
|
|
2
|
PP-8
|
9
|
16.5
|
7.5
|
1.07
|
1.5
|
Main Zone
|
|
3
|
S-13-B
|
1.5
|
3
|
1.5
|
8.58
|
1.1
|
North Hill
|
|
3
|
LL-8-B
|
1.5
|
9
|
7.5
|
0.54
|
15.8
|
Main Zone
|
|
3
|
|
27
|
28.5
|
1.5
|
1.15
|
0.5
|
|
|
3
|
O-10
|
64.5
|
69
|
4.5
|
0.86
|
20
|
Main Zone
|
|
3
|
|
90
|
93
|
3
|
1.21
|
2.9
|
|
|
3
|
PP-8-C
|
1.5
|
25.5
|
24
|
0.68
|
0.5
|
Main Zone
|
|
3
|
|
7.5
|
21
|
13.5
|
1.05
|
0.9
|
|
|
3
|
|
34.5
|
46.5
|
12
|
2.15
|
2.1
|
|
|
3
|
|
69
|
75
|
6
|
1.24
|
0.2
|
|
|
3
|
R-8-C
|
1.5
|
10.5
|
9
|
2.36
|
3.1
|
Main Zone
|
|
3
|
Q-11-B
|
1.5
|
6
|
4.5
|
1.24
|
1.6
|
Main Zone
|
|
3
|
|
12
|
21
|
9
|
1.46
|
0.2
|
|
|
3
|
|
91.5
|
103.5
|
12
|
3.9
|
32.9
|
|
Colibri Resource Corp. Historic Drilling Results (including
Canadian Gold Resources)
The SCM data received by ALS Global favourably compares with
intervals reported from drilling that Colibri and its wholly owned
subsidiary Canadian Gold has reported from the Main Zone, North
Hill, and 4 Trench areas in four separate drilling programs which
has totalled approximately 10,000 m.
Below are select sample results from holes drilled by Colibri and
its wholly owned subsidiary Canadian Gold:
|
Year
|
Hole
|
From
|
To
|
Length
|
Au
(g/t)
|
Ag
(g/t)
|
Zone
|
|
2010
|
J-3
|
3
|
6
|
3
|
3.05
|
17.9
|
North Hill
|
|
2010
|
J-7
|
11.5
|
14.5
|
3
|
7.91
|
37
|
Main Zone
|
|
2010
|
JES-10
|
0
|
60
|
60
|
0.58
|
N/A
|
Main Zone
|
|
2010
|
JES-12
|
0
|
40.5
|
40.5
|
1.31
|
N/A
|
Main Zone
|
|
2010
|
JES-15
|
3
|
13.5
|
10.5
|
1.01
|
N/A
|
North Hill
|
|
and
|
30.5
|
35
|
4.5
|
1.93
|
N/A
|
|
|
2010
|
JES-17
|
40.5
|
43.5
|
3
|
1.13
|
N/A
|
North Hill
|
|
2010
|
JES-25
|
47.5
|
52
|
4.5
|
1.04
|
N/A
|
Main Zone
|
|
and
|
103.5
|
106.5
|
3
|
1.38
|
N/A
|
|
|
|
|
|
|
|
|
|
|
Year
|
Hole
|
From
|
To
|
Length
|
Au
(g/t)
|
Ag
(g/t)
|
Zone
|
|
2012
|
JESP-12-4
|
11
|
33
|
21
|
0.84
|
0.71
|
Main Zone
|
|
and
|
52.5
|
55.5
|
3
|
3.44
|
2.75
|
|
|
2012
|
JESP-12-18
|
43
|
46
|
3
|
1.25
|
1.2
|
4 Trench
|
|
2013
|
JESP-13-15
|
39
|
105
|
66
|
0.94
|
5.46
|
Main Zone
|
|
incl.
|
91.5
|
93
|
1.5
|
7.36
|
1.4
|
|
|
2018
|
JES-18-03
|
117
|
130.5
|
13.5
|
5.64
|
N/A
|
Main Zone
|
|
incl.
|
117
|
126
|
9
|
8.16
|
N/A
|
|
|
incl.
|
117
|
118.5
|
1.5
|
33.4
|
N/A
|
|
|
2018
|
JES-18-04
|
34.5
|
63
|
28.5
|
0.57
|
N/A
|
Main Zone
|
|
2018
|
JES-18-07
|
0
|
12
|
12
|
0.52
|
0.84
|
Main Zone
|
|
incl.
|
0
|
3
|
3
|
1.74
|
2.3
|
|
|
2018
|
JES-18-19
|
33
|
73.5
|
40.5
|
0.73
|
1.98
|
Main Zone
|
|
incl.
|
45
|
48
|
3
|
5.37
|
3.2
|
|
|
2018
|
JES-18-24
|
21
|
82.5
|
61.5
|
0.75
|
1.67
|
Main Zone
|
|
incl.
|
57
|
58.5
|
1.5
|
17.3
|
0.9
|
|
|
2018
|
JES-18-25
|
72
|
75
|
3
|
5.4
|
2.95
|
Main Zone
|
About the Pilar Gold Project
The Pilar Gold Project is strategically located in the historic
Sonora gold district which has
produced the majority of gold mined in Mexico. The Pilar Gold Project consists of
low-sulfidation epithermal mineralization in a highly fractured,
altered, and highly oxidized volcanic host rock. Two zones of
mineralization have been interpreted based on surface exposure,
trenching, and historical drilling and include the Main Zone and
North Zone. A third target area, referred to as the 4 trench
target, has been drill tested with encouraging results.
Metallurgical testing (bottle roll) has shown an average
recovery of 92% over three separate tests including both high and
low grades.
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.
For more information about all of our projects please visit:
www.colibriresource.com.
About Colibri Resource Corporation:
Colibri is a Canadian mineral exploration company listed on the
TSX-V(CBI) focused on acquiring and exploring gold properties in
Mexico.
We seek safe harbour.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. The statements made in
this news release may contain forward-looking statements that may
involve a number of risks and uncertainties. Actual events or
results could differ materially from the Company's expectations and
projections.
SOURCE Colibri Resource Corporation
