DIEPPE, NB, Aug. 23, 2017 /CNW/ - (CBI: TSX-V) Colibri
Resource Corporation ("Colibri" or the "Company") is pleased to
announce plans to extend three (3) tranches of R.C. Drilling (10,000 meters) at its newly
acquired Pilar Gold Project (see the Company's news release dated
August 9, 2017). The Pilar Gold
Project is near Suaqui Grande,
Sonora, Mexico. Colibri is also pleased to announce
that, as this next round of drilling is extremely important, it has
retained Pierre Jean Lafleur, one of
the best known mining engineers in the world, for 3D hole plottings
of pre-drilling and drilling services.
M. Lafleur has a wealth of experience in managing and developing
additional reserves. He graduated with a Bachelor of Science and a
Masters Degree from Polytechnique of Montreal (1976) with honours and has consulted
for over fifty (50) major mining companies on all continents over a
42-year-period, evaluating metal and industrial mineralization and
mines.
He is a civil engineer, geologist and statistician for
evaluating and improving the proficiency of mines, with his
emphasis on experience with the latest computer software such as
GEMCOM. M. Lafleur has lived and worked in Canada, Mexico, Colombia, Chile, Costa
Rica, Ghana, Greece, Mali,
Morocco, Niger, Peru,
Philippines, Russia, the USA, Brazil
and Saudi Arabia. The Company feels very fortunate to be
working with an individual of this calibre and expertise on the
upcoming Pilar drill program.
The access to the 100% owned Gold/Silver Pilar Gold prospect is
good, there is no NSR and Colibri has a friendly Surface Rights
Agreement (SRA) that has been signed with Suaqui Grande locals. Jackie E. Stephens, the Company's country
manager and geologist, has worked extensively in the Suaqui Grande area for the past 10 years and
has a friendly relationship with many locals who are supportive of
mining possibilities in their area. Mr. Stephens, a Q.P., will be
managing the 10,000 meters of drilling.
Colibri will start the drilling by extending the known "main
mineral" Au zone, looking carefully at all the previous 3D
hole-plots. The goal is to plot at least four more optimum drill
targets, including two highly anomalous geophysical
chargeability/resistivity anomalies, where the Company expects to
encounter high values of pyrite and an association with Au and high
chargeabilities, and also possibly high Au values with
silicification, caused by high resisitivities.
A copy of the Company's NI 43-101 report on the Pilar Gold
Property may be viewed at www.sedar.com.
Qualified Person and NI 43-101 Discloser
Jackie E. Stephens, P. Geo for
Colibri, is the Qualified Person, (as defined in NI 43-101), who
has reviewed and approved the technical information in this press
release.
About Colibri Resource Corporation:
Colibri is a Canadian mineral exploration company listed on the
TSX-V (CBI) focused on acquiring and exploring properties in
Mexico.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as the term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
This news release may contain forward looking statements
concerning future operations of Colibri Resource Corp.(the
"Company"). All forward looking statements concerning the
company's future plans and operations, including management's
assessment of the Company's project expectations or beliefs may be
subject to certain assumptions, risks and uncertainties beyond the
Company's control. Investors are cautioned that any such
statements are not guarantees of future performance and that actual
performance, exploration and financial results may differ
materially from any estimates and projections.
SOURCE Colibri Resource Corporation