- Colibri Resource Corp. (CBI) option partner, Tocvan Ventures (CSE:TOC), has released further drilling results from the the Pilar Gold & Silver Project
- Seven drill holes were completed, totalling 1,382-metres. All four drill holes were drilled in new areas and intersected alteration and structures known to host gold-silver mineralization
- Three drill holes intersected low-grade gold and silver values indicating close proximity to significant mineralization
- Colibri (CBI) is unchanged trading at $0.065 per share as of 10:35 am ET
Colibri Resource (CBI) option partner, Tocvan Ventures (CSE:TOC), has released further drilling results from the Pilar Gold & Silver Project in Sonora, Mexico.
Tocvan is in year 3 of a 5-year agreement to earn an initial 51 per cent of Colibri’s Pilar Gold and Silver Project.
Seven drill holes were completed, totalling 1,382-metres. All four drill holes were drilled in new areas and intersected alteration and structures known to host gold-silver mineralization.
Hole JES-22-72, 125-metres southeast of drill hole JES-22-63 (13.7 metres of 0.6 g/t Au and 13 g/t Ag and 9.2 metres of 0.6 g/t Au) returned 22.9-metres of 0.3 g/t Au and 19 g/t Ag, including 7.6-metres of 0.8 g/t Au and 51 g/t Ag.
Three drill holes intersected low-grade gold and silver values indicating close proximity to significant mineralization. Hole JES-22-70 returned 12.2-metres of 0.3 g/t Au, including 3.1-metres of 0.8 g/t Au and 3.1-metres of 0.5 g/t Au. Hole JES-22-69 intersected 1.5-metres of 0.7 g/t Au at the end of hole, leaving it open at depth for targeting.
The company’s CEO, Brodie Sutherland, commented that with each progressive stage of reconnaissance drilling along previously untested trends, the team is uncovering indications that mineralization continues to the southeast and in parallel trends to the Main Zone.
“All seven drill holes intersected alteration, quartz-veining and fault structures know to host significant mineralization at Pilar. All three trends tested during this stage of drilling have shown indications of continued mineralization and warrant follow-up drilling as we believe a much larger system is yet to be defined at Pilar.”
Colibri Resource Corp. (CBI) is a mineral exploration company acquiring and exploring gold & silver properties in Mexico. Five of its six projects have exploration programs being executed in 2022.
Colibri (CBI) is unchanged trading at $0.065 per share as of 10:35 am ET.
