- Colibri (CBI) partner engages environmental report for drill permit and more
- Silver Spruce is currently earning up to 50 per cent of the Diamante project in conjunction with Colibri
- Silver Spruce Resources Inc. has initiated its Informe Preventivo for application to the Mexican government environmental authority SEMARNAT
- The highest-grade individual sample was collected from a 15cm vein in the La Prieta workings
- Colibri is a Canadian-based mineral exploration company is focused on acquiring and exploring prospective gold & silver properties in Mexico
- Colibri Resource Corporation (CBI) is trading at C$0.11 at 3:18 pm EST
Colibri Resource (CBI) partner Silver Spruce Resources has provided an update of its exploration at the Diamante Gold & Silver Project in Sonora Mexico.
Silver Spruce is currently earning up to 50 per cent of the Diamante project in conjunction with Colibri as a result of a deal negotiated with a private vendor and announced in January 2021.
Silver Spruce Resources Inc. has initiated its Informe Preventivo for application to the Mexican government environmental authority SEMARNAT for the Diamante drilling permit. Silver Spruce engaged Green & Ceo, Asesorío Profesional y Securidad en Ambiente, of Hermosillo, Sonora to manage the environmental permitting process.
The SEMARNAT permit is expected within four to six weeks of submission.
It also is pleased to provide high-grade results from additional historical rock sampling at several known targets with artisanal workings.
The highest-grade individual sample was collected from a 15cm vein in the La Prieta workings.
The Diamante gold-silver project is a drill-ready precious metal property located 5 km northwest of the town of Tepoca, and 165 km southeast of the capital city of Hermosillo, eastern Sonora, Mexico.
Davison – VP Exploration stated,
“The recent desktop research in Hermosillo contributes significantly to the project’s geological and assay database. This work confirms additional vein samples with an excellent polymetallic grade of the mineralization ahead of the target mapping program.”
“Additionally, the areas of alteration reported using hyperspectral imaging require authentication by ground exploration and hand-held spectral data as part of the drill target definition,” added Davison.
The property is located within the west-central portion of the Sierra Madre Occidental Volcanic Complex within the prominent northwest-trending “Sonora Gold Belt” of northern Mexico and parallels to the well-known, precious metals-rich Mojave-Sonora Megashear.
Exploration has identified geological features of epithermal low to intermediate sulphidation Ag-Au (Pb-Zn), high sulphidation Au-Cu, and potential transition to porphyry-style Au-Cu.
Precious and base metal polymetallic mineralization occurs as disseminated, stockwork and vein styles accompanied phyllic, argillic, advanced argillic and propylitic zones, with near-surface overprinting by weathering with iron oxide and oxyhydroxide staining, jarosite and relict vuggy silica.
The nearby large operating mines include Alamos Gold’s Los Mulatos gold mine and Agnico Eagle’s La India gold mine, Agnico’s Pinos Altos mine and Argonaut’s La Colorada Mine.
Colibri is a Canadian-based mineral exploration company is focused on acquiring and exploring prospective gold & silver properties in Mexico.
Colibri Resource Corporation (CBI) is trading at C$0.11 at 3:18 pm EST.