DIEPPE, NB, Jan. 7, 2020 /CNW/ - (CBI-TSXV) Colibri Resource
Corporation ("Colibri" or the "Company") is pleased to
announce that it has received the rock chip sample results from
Tocvan Ventures Inc. ("Tocvan") which were taken by Tocvan's
geologists during a due diligence visit the Pilar gold project in
November 2019. Colibri has
subsequently entered into an option agreement with Tocvan regarding
Pilar since that time (See news release dated: November 26, 2019). A total of 35 samples were
sent for assay, four of which were QA-QC samples. Significant
results were found in 22 samples.
|
Sample #
|
Au
g/t
|
Ag
g/t
|
Cu
%
|
Pb
%
|
|
PILAR-MTS-02
|
0.9
|
14.3
|
0.261
|
0.003
|
|
PILAR-MTS-03
|
1.3
|
5.4
|
0.338
|
0.002
|
|
PILAR-MTS-05
|
0.8
|
12.7
|
0.129
|
0.002
|
|
PILAR-MTS-06
|
3.2
|
8.3
|
0.350
|
0.001
|
|
PILAR-MTS-09
|
0.2
|
2.2
|
1.255
|
0.005
|
|
PILAR-MTS-10
|
0.9
|
17.2
|
0.734
|
0.010
|
|
PILAR-MTS-11
|
3.8
|
57.4
|
0.846
|
0.005
|
|
PILAR-MTS-12
|
0.0
|
5.6
|
1.910
|
0.001
|
|
PILAR-MTS-13
|
0.0
|
12.9
|
0.946
|
0.001
|
|
PILAR-MTS-14
|
0.1
|
3.3
|
1.400
|
0.001
|
|
PILAR-MTS-19
|
0.8
|
1.7
|
0.013
|
0.008
|
|
PILAR-MTS-20
|
5.6
|
84.2
|
0.088
|
1.710
|
|
PILAR-MTS-21
|
0.7
|
20.3
|
0.027
|
0.185
|
|
PILAR-MTS-22
|
9.3
|
76.4
|
0.120
|
2.150
|
|
PILAR-MTS-25
|
0.5
|
323.0
|
0.016
|
0.242
|
|
PILAR-MTS-26
|
1.4
|
2.4
|
0.002
|
0.013
|
|
PILAR-MTS-27
|
2.2
|
14.7
|
0.012
|
0.259
|
|
PILAR-MTS-29
|
4.3
|
172.0
|
0.086
|
1.125
|
|
PILAR-MTS-30
|
23.7
|
116.0
|
0.089
|
0.040
|
|
PILAR-MTS-33
|
4.4
|
44.5
|
0.109
|
0.036
|
|
PILAR-MTS-34
|
7.5
|
41.9
|
0.044
|
0.022
|
|
PILAR-MTS-35
|
2.2
|
3.5
|
0.179
|
0.008
|
The samples taken illustrate high grade gold (Au) and silver
(Ag) assay results at two new areas that could significantly extend
the known mineralization on the Pilar property. Among the assay
results are values up to 9.3 g/t Au and 76.4 g/t Ag at the
south-east part of the property, and up to 323 g/t Ag and 0.5 g/t
Au midway along the eastern portion of the property. Samples taken
in these areas follow up a prominent gold and silver anomaly
identified in a soil sample survey in 2018.
In addition, Tocvan conducted a check of the location of the
S-10 drill intercept from the mid 1990's which returned 53.47 g/t
Au and 53.4 g/t Ag over 16.5m. The
drill intercept location was estimated and then projected to
surface where a dark red hematite sheared outcrop was located,
uncovered and sampled. Among the assays returned was a sample of
3.8 g/t Au and 57.4 g/t Ag showing mineralizing fluid flow in the
structures.
A full map illustrating the samples taken in November 2018 at Pilar can be viewed in Tocvan's
news release dated January
7th, 2020.
The technical information in this news release has been
prepared by Mark T. Smethurst,
P.Geo., COO and Director of Tocvan Ventures Inc, and a "qualified
person" within the meaning of National Instrument 43-101 –
Standards of Disclosure for Mineral Projects.
About Colibri Resource Corporation:
Colibri is a
Canadian-based mineral exploration company listed on the TSX-V
(CBI) focused on acquiring and exploring properties in Mexico. The Company currently has five active
exploration properties at various stages of exploration.
For more information about all of our projects please visit:
www.colibriresource.com.
We seek safe harbour.
The TSX Venture Exchange has neither approved nor disapproved
the contents of this news release.
SOURCE Colibri Resource Corporation
