- Colibri (CBI) has drilled 3,122 m and collected a grab sample of 27.1 g/t gold from its Evelyn Project in Mexico
- The grab sample stems from the El Sahuaro Target, which has also returned 44.9 g/t, 39.6 g/t, 24 g/t, 9.84 g/t, 5.58 g/t and 3 g/t gold
- The company will evaluate the target after the holidays
- Colibri Resource Corporation is focused on acquiring and exploring prospective gold and silver properties in Mexico
- Colibri (CBI) is unchanged trading at $0.095 per share
Colibri (CBI) has provided a drilling update from its Evelyn Project in Mexico.
Colibri (CBI) has drilled 3,122 m and collected a grab sample of 27.1 g/t gold.
The grab sample stems from the El Sahuaro Target area, previous samples of which have returned 44.9 g/t, 39.6 g/t, 24 g/t, 9.84 g/t, 5.58 g/t and 3 g/t gold.
The company has since paused its phase I drill program for the holidays after completing 22 holes.
The program is exploring areas of anomalous and higher-grade gold assays from surface and trench exposures coincident with magnetic gradients and lineaments and with structures identified through geological mapping.
It will evaluate El Sahuaro for mineralization characterized by higher-grade veins and veinlets within pyrite-bearing lower-grade host rocks.
An additional target, Cerro Rojo, returned 2.08 g/t gold and 2.13 g/t gold.
Evelyn is an Orogenic-type gold target located in the Caborca Gold Belt of northwestern Sonora. Higher grade mineralization consists of quartz veins and veinlets hosted by fault and fracture zones with minor oxidized pyrite, iron oxide, copper-bearing oxide and carbonate minerals.
Colibri Resource Corporation is focused on acquiring and exploring prospective gold and silver properties in Mexico.
Colibri (CBI) is unchanged trading at $0.095 per share as of 9:36 am EST.