- Colibri Resources (CBI) has started preparations for a drilling program at its Diamante Gold and Silver Project in Sonora, Mexico
- The company plans to drill 2,000 metres on the project with its option partner, Silver Spruce Resources
- The New Brunswick-based exploration company is preparing access to drill pads and expects to drill at three target areas
- Drilling is scheduled to mobilize to the site next week
- Colibri Resources is unchanged, trading at $0.03 at 1:06 pm ET
Colibri Resources (CBI) has started preparations for a drilling program at its Diamante Gold and Silver Project in Sonora, Mexico.
The company plans to drill 2,000 metres on the project with its option partner, Silver Spruce Resources.
The program will use reverse circulation drilling.
The New Brunswick-based exploration company is preparing access to drill pads and expects to drill at three target areas.
Drilling is scheduled to mobilize to the site next week.
Silver Spruce has an option to acquire up to 50 percent interest in four Diamante concessions with a cumulative land position of 1,057 hectares.
“We are pleased to sign operating contracts with both TRAX and Minera Drilling for the Phase 1 drilling program on highly prospective areas of Diamante. Importantly, despite the number and quality of known mineralization targets, there is no recorded historical drilling on Diamante to date,” stated Silver Spruce vice president Greg Davison.
“TRAX provided excellent heavy equipment services for the 2021 El Mezquite drill program and we look forward to working once again with their experienced operators on Diamante. Minera Drilling recently completed successful programs with our partner, Colibri Resource in northern Sonora and we anticipate high quality and timely drilling results from their experienced operating and management teams.”
Colibri Resources is unchanged, trading at $0.03 at 1:06 pm ET.