DIEPPE, NB, Nov. 18, 2019 /CNW/ - (CBI: TSX-V) – Colibri
Resource Corporation ("Colibri" or the "Company") wishes to
announce that it has received the results of a geological mapping
study on its Evelyn gold project from Aurometallum Geological
Services.
The study was conducted over a 20 day period and focussed on
geological structural mapping to a semi detail 1:2000 and rock
sampling over areas of strong geochemical soil anomalies. A total
of 93 samples we taken in chips, channel, and selective samples.
Sample results from the geochemical analysis remain outstanding and
will be reported upon their receipt. The work was primarily
focussed on two main areas which have been named "Cerro Rojo"
(which is located in the south eastern quadrant of the claim block)
and the "El Sahuaro" (which located in the north eastern
quadrant).
It has been noted in the Aurometallum report that there are
similarities to the structure, mineralization characteristics, and
presence of certain indicator minerals found at La Herradura Mine
operated by Fresnillo PLC. La
Herradura is Mexico's
largest producing gold mine and is located approximately 25km to
the west of Evelyn.
Observations made during the study have identified 7 exploration
targets of interest within the two areas thus far. Upon receipt of
the geochemical sample results from the program Colibri will
determine next steps of the program which will include drilling and
a possible geophysics program.
About Evelyn
The Evelyn property is located in northern Sonora, within the Caborca Gold Belt
("CGB"). The CGB is hosted by the Sonora megashear, which in turn is part of the
regional Mojave-Sonora megashear, which extends from southern
California through Arizona and Sonora. The Caborca Gold
Belt hosts the Noche Buena Mine (167,200 ounces Au produced in
2018) which is located approximately 9 km southwest of Evelyn and
La Herradura Mine (474,200 ounces Au produced in 2018) which is
located approximately 25 km to the west of Evelyn. Geological
mapping completed by Company geologists confirm that the Evelyn
property hosts Orogenic-type lode Au mineralization similar to that
described for other gold deposits within the CGB.
About Colibri Resource Corporation:
Colibri is a Canadian mineral exploration company listed on the
TSX-V(CBI) focused on acquiring and exploring gold properties in
Mexico.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release. Neither TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. The
statements made in this news release may contain forward-looking
statements that may involve a number of risks and uncertainties.
Actual events or results could differ materially from the Company's
expectations and projections.
SOURCE Colibri Resource Corporation