Colibri and Partner - Core Drilling Returns 1.6 g/t Gold Over 36.6 meters from Surface which Includes High-Grade of 15.2 g/t Gold Over 1.2 meters and 5.8 g/t Gold Over 3 meters at El Pilar Gold Project
Colibri Resource (TSXV: CBI) has announced significant drill results from its El Pilar Gold & Silver Project in Sonora, Mexico, where it holds a 49% interest alongside partner Tocvan Ventures (51% ownership). The latest core drilling results revealed notable intersections including 1.6 g/t gold over 36.3 meters from surface, contained within a broader zone of 66 meters at 1.0 g/t gold.
Key highlights from hole JES-25-105 include high-grade sections of 15.2 g/t gold over 1.2 meters and 5.8 g/t gold over 3.0 meters. The mineralization extends from surface to 97.4 meters, averaging 0.7 g/t gold. These results represent an improvement over historic drilling in the area.
The company completed a 10-hole diamond drilling program totaling 1,167.5 metres, with results pending for six additional holes. The drilling is part of preparations for a planned 50,000-tonne test mine/bulk sample, with the company targeting development in early 2025.
Colibri Resource (TSXV: CBI) ha annunciato risultati significativi dai sondaggi del suo progetto El Pilar Gold & Silver in Sonora, Messico, dove detiene una partecipazione del 49% insieme al partner Tocvan Ventures (51% di proprietà). Gli ultimi risultati di perforazione a carota hanno rivelato intersezioni notevoli, tra cui 1,6 g/t di oro su 36,3 metri dalla superficie, contenute in una zona più ampia di 66 metri a 1,0 g/t di oro.
I punti salienti del foro JES-25-105 includono sezioni ad alto grado di 15,2 g/t di oro su 1,2 metri e 5,8 g/t di oro su 3,0 metri. La mineralizzazione si estende dalla superficie fino a 97,4 metri, con una media di 0,7 g/t di oro. Questi risultati rappresentano un miglioramento rispetto ai sondaggi storici nella zona.
L'azienda ha completato un programma di perforazione a diamante di 10 fori per un totale di 1.167,5 metri, con risultati in attesa per sei fori aggiuntivi. La perforazione fa parte dei preparativi per un progetto di test minerario/campione di massa pianificato di 50.000 tonnellate, con l'azienda che punta allo sviluppo all'inizio del 2025.
Colibri Resource (TSXV: CBI) ha anunciado resultados de perforación significativos de su proyecto El Pilar Gold & Silver en Sonora, México, donde posee un 49% de participación junto a su socio Tocvan Ventures (51% de propiedad). Los últimos resultados de perforación de núcleo revelaron intersecciones notables, incluyendo 1.6 g/t de oro sobre 36.3 metros desde la superficie, contenidas dentro de una zona más amplia de 66 metros a 1.0 g/t de oro.
Los aspectos destacados del agujero JES-25-105 incluyen secciones de alta ley de 15.2 g/t de oro sobre 1.2 metros y 5.8 g/t de oro sobre 3.0 metros. La mineralización se extiende desde la superficie hasta 97.4 metros, promediando 0.7 g/t de oro. Estos resultados representan una mejora con respecto a las perforaciones históricas en el área.
La empresa completó un programa de perforación de diamante de 10 agujeros, totalizando 1,167.5 metros, con resultados pendientes para seis agujeros adicionales. La perforación es parte de los preparativos para una prueba minera/campaña de muestra de 50,000 toneladas planeada, con la empresa apuntando al desarrollo a principios de 2025.
콜리브리 리소스 (TSXV: CBI)는 멕시코 소노라에 위치한 엘 필라르 금 및 은 프로젝트에서 중요한 시추 결과를 발표했습니다. 이 프로젝트에서 콜리브리는 49%의 지분을 보유하고 있으며, 파트너인 토크반 벤처스가 51%를 소유하고 있습니다. 최근 코어 시추 결과는 표면에서 36.3미터에 걸쳐 1.6 g/t의 금을 포함한 주목할 만한 교차점을 밝혔습니다. 이는 1.0 g/t의 금이 포함된 66미터의 더 넓은 구역 내에 위치하고 있습니다.
JES-25-105 구멍의 주요 하이라이트에는 1.2미터에 걸쳐 15.2 g/t의 금과 3.0미터에 걸쳐 5.8 g/t의 금을 포함한 고급 섹션이 있습니다. 광물화는 표면에서 97.4미터까지 연장되며, 평균 0.7 g/t의 금을 나타냅니다. 이러한 결과는 해당 지역의 역사적인 시추보다 개선된 것입니다.
회사는 총 1,167.5미터에 해당하는 10개 구멍의 다이아몬드 시추 프로그램을 완료했으며, 추가 6개 구멍에 대한 결과는 대기 중입니다. 이번 시추는 계획된 50,000톤 테스트 광산/벌크 샘플을 위한 준비의 일환으로, 회사는 2025년 초에 개발을 목표로 하고 있습니다.
Colibri Resource (TSXV: CBI) a annoncé des résultats de forage significatifs de son projet El Pilar Gold & Silver dans l'État de Sonora, au Mexique, où elle détient une participation de 49 % aux côtés de son partenaire Tocvan Ventures (51 % de propriété). Les derniers résultats de forage en carottage ont révélé des intersections notables, y compris 1,6 g/t d'or sur 36,3 mètres depuis la surface, contenues dans une zone plus large de 66 mètres à 1,0 g/t d'or.
Les points clés du trou JES-25-105 incluent des sections de haute teneur de 15,2 g/t d'or sur 1,2 mètre et 5,8 g/t d'or sur 3,0 mètres. La minéralisation s'étend de la surface jusqu'à 97,4 mètres, avec une moyenne de 0,7 g/t d'or. Ces résultats représentent une amélioration par rapport aux forages historiques dans la région.
L'entreprise a complété un programme de forage diamanté de 10 trous totalisant 1 167,5 mètres, avec des résultats en attente pour six trous supplémentaires. Le forage fait partie des préparatifs pour une mine-test/campagne d'échantillonnage de masse prévue de 50 000 tonnes, l'entreprise visant un développement au début de 2025.
Colibri Resource (TSXV: CBI) hat bedeutende Bohrergebnisse aus seinem El Pilar Gold- und Silberprojekt in Sonora, Mexiko, bekannt gegeben, wo es eine 49%ige Beteiligung zusammen mit dem Partner Tocvan Ventures (51% Eigentum) hält. Die neuesten Ergebnisse der Kernbohrungen zeigten bemerkenswerte Schnittstellen, darunter 1,6 g/t Gold über 36,3 Meter von der Oberfläche, die innerhalb einer breiteren Zone von 66 Metern mit 1,0 g/t Gold enthalten sind.
Wichtige Höhepunkte aus dem Bohrloch JES-25-105 umfassen hochgradige Abschnitte von 15,2 g/t Gold über 1,2 Meter und 5,8 g/t Gold über 3,0 Meter. Die Mineralisierung erstreckt sich von der Oberfläche bis zu 97,4 Metern und hat einen Durchschnitt von 0,7 g/t Gold. Diese Ergebnisse stellen eine Verbesserung gegenüber historischen Bohrungen in der Region dar.
Das Unternehmen hat ein Diamantbohrprogramm mit 10 Löchern, das insgesamt 1.167,5 Meter umfasst, abgeschlossen, wobei die Ergebnisse für sechs weitere Löcher noch ausstehen. Die Bohrungen sind Teil der Vorbereitungen für ein geplantes Testbergwerk/Massensample von 50.000 Tonnen, wobei das Unternehmen eine Entwicklung Anfang 2025 anstrebt.
- High-grade gold intersections: 1.6 g/t Au over 36.3m from surface
- Notable improvement from historic drilling results
- Mineralization starts from surface, ideal for open-pit mining
- Advanced stage with planned 50,000-tonne test mine
- Some zones show weaker mineralization (hole JES-25-106: only 0.4 g/t Au over 3.45m)
- Additional testing required to determine orientation of higher-grade zones
Dieppe, New Brunswick--(Newsfile Corp. - March 19, 2025) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to share the assay results from the next two holes drilled in its recent 10 hole diamond drilling program (1,167.5 metres) at the El Pilar Gold & Silver Project in Sonora Mexico. Colibri holds
"We are very happy with the assay results from hole JES-25-105. The hole is highlighted by 36.3 metres of 1.6 g/t gold (starting at surface and is contained within a longer intercept of 66 metres at 1.0 g/t gold). These are extremely favorable grades to encounter when looking for an open pitable gold deposit in Sonora and confirms the site as a source of moderate grade material for the planned 50,000 tonne test mine/bulk sample. We look forward to releasing the results from the remaining 6 holes of this program in due course as the data is received." commented, Colibri President & CEO Ian McGavney.
Figure 1: Planview of Main Zone Area - today's results highlighted in red. Intervals reported are drilled lengths, the Company will update on estimated true thickness once all new drill data has been processed.
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Figure 2. 3D North to South Long-Section of the drilled Main Zone area. Drill results announced today are in red.
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Tocvan - News Release - March 19th, 2025
Highlights:
- Main Zone Infill Provides Upgrade to Historic Drilling
- 1.6 g/t Au over 36.3 meters from surface within 66 meters of 1.0 g/t Au (Hole JES-25-105)
- including 15.2 g/t Au over 1.2 meters, from 35.1 meters depth
- and 5.8 g/t Au over 3.0 meters, from 9.0 meters depth
- Mineralization from surface to 97.4 meters averaging 0.7 g/t Au
- Results Pending for Six Additional Holes
- 1.6 g/t Au over 36.3 meters from surface within 66 meters of 1.0 g/t Au (Hole JES-25-105)
Calgary, Alberta - March 19, 2025 - Tocvan Ventures Corp. (CSE: TOC) (OTCQB: TCVNF) (WKN: TV3/A2PE64) (the "Company"), is pleased to announce results the latest core drilling at the Gran Pilar Gold Silver Project in mine-friendly Sonora, Mexico. Ten core drillholes totalling 1,167.5 meters were completed earlier this year within the majority owned (
"Infill drilling through the Main Zone is identifying precisely where we can source moderate to high-grade ore during pilot and full-scale mining." commented, CEO Brodie Sutherland. "Positioned directly below surface trenching, we have a high degree of confidence in the extension of significant mineralization at Pilar. We are excited to evaluate the results for the remaining core holes as they will provide insight towards future development along parallel trends across the property. All information will be fed into our planned maiden resource estimate that will look to outline the resource potential across the Main Zone, an important milestone leading towards unlocking the full property potential."
| Hole ID | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
| JES-25-105 | 0.00 | 97.35 | 97.35 | 0.65 | 3.60 |
| including | 0.00 | 66.00 | 66.00 | 0.95 | 4.93 |
| including | 0.00 | 36.30 | 36.30 | 1.59 | 8.08 |
| including | 9.00 | 12.00 | 3.00 | 5.75 | 5.60 |
| and | 35.1 | 36.3 | 1.20 | 15.35 | 4.30 |
| JES-25-106 | 0.00 | 122.20 | 122.20 | 0.03 | 0.98 |
| including | 112.60 | 122.20 | 9.60 | 0.15 | 0.64 |
Table 1. Summary of Drill Results in today's release. Intervals reported are drilled lengths, the Company will update on estimated true thickness once all new drill data has been processed.
Photo 1. Close up of high-grade gold sample (JES-25-105, 1.2 meters of 15.4 g/t Au and 4 g/t Ag, from 35.1m depth vertically from surface).
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| Sample ID | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) |
| 675107 | 0.00 | 2.55 | 2.55 | 2.09 | 18.7 |
| 675108 | 2.55 | 5.60 | 3.05 | 1.29 | 11.5 |
| 675109 | 5.60 | 9.00 | 3.40 | 0.29 | 24.3 |
| 675110 | 9.00 | 10.30 | 1.30 | 8.00 | 7.0 |
| 675111 | 10.30 | 11.20 | 0.90 | 1.75 | 5.7 |
| 675112 | 11.20 | 12.00 | 0.80 | 6.61 | 3.2 |
| 675113 | 12.00 | 13.85 | 1.85 | 0.95 | 2.6 |
| 675114 | 13.85 | 15.75 | 1.90 | 2.34 | 5.7 |
| 675115 | 15.75 | 16.90 | 1.15 | 1.03 | 18.4 |
| 675116 | 16.90 | 18.05 | 1.15 | 0.10 | 14.9 |
| 675117 | 18.05 | 20.80 | 2.75 | 0.19 | 1.6 |
| 675118 | 20.80 | 22.85 | 2.05 | 0.10 | 1.2 |
| 675119 | 22.85 | 23.50 | 0.65 | 2.34 | 3.7 |
| 675120 | 23.50 | 26.25 | 2.75 | 0.05 | 0.7 |
| 675121 | 26.25 | 27.45 | 1.20 | 0.15 | 1.9 |
| 675123 | 27.45 | 29.00 | 1.55 | 0.22 | 3.8 |
| 675124 | 29.00 | 30.45 | 1.45 | 0.23 | 2.2 |
| 675125 | 30.45 | 32.50 | 2.05 | 0.22 | 6.7 |
| 675126 | 32.50 | 33.40 | 0.90 | 0.08 | 10.0 |
| 675127 | 33.40 | 35.10 | 1.70 | 0.26 | 4.0 |
| 675128 | 35.10 | 36.30 | 1.20 | 15.35 | 4.3 |
Table 2. Summary of Results from JES-25-105 from surface to 36.3m downhole.
| Hole ID | Easting | Northing | Elevation (m) | Depth (m) | Azimuth | Dip |
| JES-25-105 | 617423 | 3144555 | 407.70 | 125.50 | 0 | -90 |
| JES-25-106 | 617469 | 3144471 | 430.85 | 149.60 | 055 | -80 |
Table 3. Summary of drill collar locations and orientations. Coordinates are in UTM NAD 27, Zone 12N
Pilar Drill Highlights:
- 2024 RC Drilling Highlights include (all lengths are drilled thicknesses):
- 42.7m @ 1.0 g/t Au, including 3.1m @ 10.9 g/t Au
- 56.4m @ 1.0 g/t Au, including 3.1m @ 14.7 g/t Au
- 16.8m @ 0.8 g/t Au and 19 g/t Ag
- 2022 Phase III Diamond Drilling Highlights include (all lengths are drilled thicknesses):
- 116.9m @ 1.2 g/t Au, including 10.2m @ 12 g/t Au and 23 g/t Ag
- 108.9m @ 0.8 g/t Au, including 9.4m @ 7.6 g/t Au and 5 g/t Ag
- 63.4m @ 0.6 g/t Au and 11 g/t Ag, including 29.9m @ 0.9 g/t Au and 18 g/t Ag
- 2021 Phase II RC Drilling Highlights include (all lengths are drilled thicknesses):
- 39.7m @ 1.0 g/t Au, including 1.5m @ 14.6 g/t Au
- 47.7m @ 0.7 g/t Au including 3m @ 5.6 g/t Au and 22 g/t Ag
- 29m @ 0.7 g/t Au
- 35.1m @ 0.7 g/t Au
- 2020 Phase I RC Drilling Highlights include (all lengths are drilled thicknesses):
- 94.6m @ 1.6 g/t Au, including 9.2m @ 10.8 g/t Au and 38 g/t Ag;
- 41.2m @ 1.1 g/t Au, including 3.1m @ 6.0 g/t Au and 12 g/t Ag ;
- 24.4m @ 2.5 g/t Au and 73 g/t Ag, including 1.5m @ 33.4 g/t Au and 1,090 g/t Ag
- 15,000m of Historic Core & RC drilling. Highlights include:
- 61.0m @ 0.8 g/t Au
- 21.0m @ 38.3 g/t Au and 38 g/t Ag
- 13.0m @ 9.6 g/t Au
- 9.0m @ 10.2 g/t Au and 46 g/t Ag
Pilar Bulk Sample Summary:
62% Recovery of Gold Achieved Over 46-day Leaching Period- Head Grade Calculated at 1.9 g/t Au and 7 g/t Ag; Extracted Grade Calculated at 1.2 g/t Au and 3 g/t Ag
- Bulk Sample Only Included Coarse Fraction of Material (+3/4" to +1/8")
- Fine Fraction (-1/8") Indicates Rapid Recovery with Agitated Leach
- Agitated Bottle Roll Test Returned Rapid and High Recovery Results:
80% Recovery of Gold and94% Recovery of Silver after Rapid 24-hour Retention Time
- Agitated Bottle Roll Test Returned Rapid and High Recovery Results:
Additional Metallurgical Studies:
- Gravity Recovery with Agitated Leach Results of Five Composite Samples Returned
- 95 to
99% Recovery of Gold - 73 to
97% Recovery of Silver - Includes the Recovery of
99% Au and73% Ag from Drill Core Composite at 120-meter depth.
- 95 to
Based on management's strong belief in the project's potential, the Company is outlining a permitting and operations strategy for a pilot facility at Pilar. The facility would underpin a robust test mine scenario with aims to process up to 50,000 tonnes of material. Timelines and budget are being prepared with the aim of moving forward with the development early in 2025. With gold prices hitting all-time highs, the Company believes the onsite test mine will provide key economic parameters and showcase the mineral potential of the area. In 2023, the Company completed an offsite bulk sample that produced important data showcasing the potential to recover both gold and silver through a variety of methods including heap leach, gravity and agitated leach (see August 22, 2023, news release for more details).
Quality Assurance / Quality Control
Rock and Drill samples were shipped for sample preparation to ALS Limited in Hermosillo, Sonora, Mexico and for analysis at the ALS laboratory in North Vancouver. The ALS Hermosillo and North Vancouver facilities are ISO 9001 and ISO/IEC 17025 certified. Gold was analyzed using 50-gram nominal weight fire assay with atomic absorption spectroscopy finish. Over limits for gold (>10 g/t), were analyzed using fire assay with a gravimetric finish. Silver and other elements were analyzed using a four-acid digestion with an ICP finish. Over limit analyses for silver (>100 g/t) were re-assayed using an ore-grade four-acid digestion with ICP-AES finish. Control samples comprising certified reference samples and blank samples were systematically inserted into the sample stream and analyzed as part of the Company's robust quality assurance / quality control protocol.
Brodie A. Sutherland, CEO for Tocvan Ventures Corp. and a qualified person ("QP") as defined by Canadian National Instrument 43-101, has reviewed and approved the technical information contained in this release.
ABOUT COLIBRI RESOURCE CORPORATION:
Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring, exploring, and developing prospective gold & silver properties in Mexico. The Company holds four high potential precious metal projects: 1)
For more information about all Company projects please visit: www.colibriresource.com.
Contact:
Ian McGavney, President, CEO and Director
Tel: (506) 383-4274
ianmcgavney@colibriresource.com
Forward-Looking Statements
Neither the 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 news release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward- looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245228
FAQ
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