DIEPPE, NB, Oct. 1, 2019 /CNW/ - Colibri Resource
Corporation (TSX Venture - CBI) ("Colibri" or "The
Company") is pleased to announce that it has contracted
AuroMetallum Geology Consulting Services of Hermosillo, Mexico to complete a comprehensive
geological mapping study of its Evelyn Gold Project near Caborca in
Sonora, Mexico.
The project is utilizing a team of four members and will take
approximately 3 to 4 weeks of field work to complete. The final
report is expected to be prepared within 6 to 7 weeks.
The final comprehensive report will verify and absorb isolated
work programs completed to date by Colibri and is intended to
generate additional areas of interest not yet mapped or chip
sampled. The report will also propose potential drilling targets
that Colibri will drill test in Q4 2019. The Evelyn project has
never been drilled.
"This is a very exciting time for Colibri in terms of
exploration at the Evelyn Gold Project. We believe that Evelyn may
have one of the best addresses in the Caborca Gold Belt that is not
currently held by a major producer" states Ron Goguen.
Localized geological mapping and sampling on the Evelyn property
in 2019 has been aimed at following up anomalies from a soil
geochemistry survey completed in 2011. Most recently
announced samples returning 4.81 g/t Au and 4.19 g/t Au were
collected from an area comprised of abundant quartz in sub-crop
with local iron-oxide staining. The newly discovered area was
located by following up an anomalous soil sample of 0.33 g/t Au and
is located approximately 1 km north-northeast of the Main
Zone. The Main Zone consists of a 200m long moderately to steeply dipping
Au-bearing quartz vein which has been the subject of historical
mining. Sampling of the Main Zone vein by Colibri in 2019
returned grab sample values of up to 43.1 g/t Au (see Colibri news
release dated March 26th,
2019).
AuroMetallum is an experienced full-service geological services
company that has previously been retained by Newmont Goldcorp,
Agnico Eagle Mines, and Centerra Gold.
Exploring Evelyn has been a focus for Colibri in calendar 2019
and by completing this new report the Company will be in position
to confidently move forward with its maiden drilling program on the
project in the near term.
About Evelyn Project
The Evelyn property is 506 hectares in size and is located in
northern Sonora, within the
Caborca Gold Belt of the Sonora Megashear.
The Caborca Gold Belt hosts many significant gold mines
including the Noche Buena Mine (167,200 ounces Au produced in 2018)
located approximately 9 km southwest of Evelyn and the La Herradura
Mine (474,200 ounces Au produced in 2018) which is located
approximately 30 km to the west of Evelyn. Both mines are operated
by Fresnillo plc.
Historical local mining on the Evelyn property was focused on a
steeply dipping quartz-sulphide vein and associated
quartz-carbonate alteration. The tonnage mined and ounces
produced are not known to the Company. No drilling has been
completed to date on the property.
About Colibri
Colibri Resource Corp. is a Canadian based junior gold
exploration and development company which is focused in Sonora
State, Mexico where it has five
highly prospective projects at various stages of exploration. These
projects are near currently producing, past producing, and
development mines.
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
