DIEPPE, NB, June 3, 2019 /CNW/ - (TSXV: CBI) Colibri
Resource Corporation ("Colibri" or the "Company") is pleased to
announce that it has received additional assays from its geological
mapping and sampling program on the Evelyn property, in northern
Sonora, Mexico. Results from
grab samples include values of 4.81 g/t Au and 4.19 grams per tonne
("g/t") Au from an area not previously mapped or sampled.
Recent and on-going geological mapping and sampling on the
Evelyn property has been aimed at following up anomalies from a
soil geochemistry survey completed in 2011. The samples
returning 4.81 g/t Au and 4.19 g/t Au were collected from an area
comprised of abundant quartz in sub-crop with local iron-oxide
staining. The newly discovered area was located by following
up an anomalous soil sample of 0.33 g/t Au and is located
approximately 1 km north-northeast of the Main Zone. The Main
Zone consists of a moderately to steeply dipping Au-bearing quartz
vein which has been the subject of historical mining. Recent
sampling of the Main Zone vein by Colibri returned grab sample
values of up to 43.1 g/t Au (see Colibri news release dated
March 26th, 2019).
In addition to on-going geological mapping and sampling at
Evelyn, the Company is planning a property wide, high density,
airborne magnetic survey. The objective of the integrated
exploration approach is to determine the structural framework of
the property and the setting of known gold mineralization.
Based on the outcome of this phase of exploration, advanced
exploration activities being contemplated by the Company include
trenching, 3D Induced Polarization surveys, and drilling on
selected targets. The Evelyn property has not been previously
drill tested.
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 30 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.
Qualified Person
Jackie E. Stephens, P. Geo for
Colibri is a Qualified Person as defined in NI 43-101 and has
reviewed and approved the technical information in this press
release.
For more information about all of our projects please visit:
www.colibriresource.com.
We seek safe harbour.
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