Colibri Reports: Six Holes Completed at the Pilar Gold & Silver Project in Sonora Mexico
Colibri Resource (TSXV: CBI) has provided an update on its diamond drilling program at the El Pilar Gold & Silver Project in Sonora, Mexico, where it holds a 49% interest alongside Tocvan Ventures (51%). Six holes have been completed, totaling 672.2 metres, with a seventh hole currently in progress. Initial cores have been logged and are being prepared for geochemical analysis.
The project has shown promising historical drill results, including highlights such as 116.9 metres of 1.2 g/t gold, 108.9 metres of 0.8 g/t gold, and 94.6 metres of 1.6 g/t gold. Metallurgical testing has demonstrated strong recovery rates, with 62% gold recovery over a 46-day leaching period and gravity recovery tests showing 95-99% gold recovery.
The Pilar property is interpreted as a structurally controlled low-sulphidation epithermal system, with mineralization extending along a 1.2-kilometre trend, of which only half has been drill tested.
Colibri Resource (TSXV: CBI) ha fornito un aggiornamento sul suo programma di perforazione con diamante presso il Progetto El Pilar Oro e Argento in Sonora, Messico, dove detiene una partecipazione del 49% insieme a Tocvan Ventures (51%). Sei pozzi sono stati completati, per un totale di 672,2 metri, con un settimo pozzo attualmente in corso. I primi campioni sono stati registrati e stanno per essere inviati ad analisi geochimiche.
Il progetto ha mostrato risultati storici di perforazione promettenti, con punti salienti come 116,9 metri di 1,2 g/t di oro, 108,9 metri di 0,8 g/t di oro e 94,6 metri di 1,6 g/t di oro. I test metallurgici hanno dimostrato tassi di recupero elevati, con il 62% di recupero dell'oro su un periodo di lisciviazione di 46 giorni e prove di recupero gravitazionale che mostrano un recupero dell'oro del 95-99%.
La proprietà Pilar è interpretata come un sistema epithermale a bassa solfurezione controllato strutturalmente, con mineralizzazione che si estende lungo una tendenza di 1,2 chilometri, di cui solo la metà è stata testata con perforazioni.
Colibri Resource (TSXV: CBI) ha proporcionado una actualización sobre su programa de perforación con diamante en el Proyecto El Pilar de Oro y Plata en Sonora, México, donde posee una participación del 49% junto a Tocvan Ventures (51%). Se han completado seis agujeros, con un total de 672,2 metros, y un séptimo agujero está actualmente en progreso. Los primeros núcleos han sido registrados y se están preparando para análisis geoquímicos.
El proyecto ha mostrado resultados históricos de perforación prometedores, incluidos puntos destacados como 116,9 metros de 1,2 g/t de oro, 108,9 metros de 0,8 g/t de oro y 94,6 metros de 1,6 g/t de oro. Las pruebas metalúrgicas han demostrado altas tasas de recuperación, con un 62% de recuperación de oro en un período de lixiviación de 46 días y pruebas de recuperación gravitacional que muestran del 95 al 99% de recuperación de oro.
Se interpreta que la propiedad Pilar es un sistema epithermal de baja sulfidación controlado estructuralmente, con mineralización que se extiende a lo largo de una tendencia de 1,2 kilómetros, de los cuales solo la mitad ha sido perforada.
콜리브리 리소스 (TSXV: CBI)가 멕시코 소노라에 위치한 엘 필라르 금 및 은 프로젝트에서 다이아몬드 시추 프로그램에 대한 업데이트를 제공했습니다. 이 프로젝트에서 콜리브리는 49%의 지분을 보유하고 있으며, 나머지 51%는 Tocvan Ventures가 보유하고 있습니다. 총 672.2 미터에 달하는 6개의 시추구가 완료되었습니다, 현재 7번째 시추구가 진행 중입니다. 초기 코어 샘플이 기록되었으며, 지구화학적 분석을 위해 준비되고 있습니다.
이 프로젝트는 116.9 미터의 1.2 g/t 금, 108.9 미터의 0.8 g/t 금, 94.6 미터의 1.6 g/t 금 등 유망한 역사적 시추 결과를 보여주었습니다. 금속 테스트에서는 46일의 침출 기간 동안 62%의 금 회수율을 나타내었고 중력 회수 테스트에서는 95-99%의 금 회수율을 보였습니다.
필라르 지역은 구조적으로 제어되는 저황화 고온 시스템으로 해석되며, 광물화는 1.2킬로미터의 트렌드를 따라 확장됨을 나타내며, 이 중 절반만이 시추 테스트를 받았습니다.
Colibri Resource (TSXV: CBI) a fourni une mise à jour sur son programme de forage diamant au Projet El Pilar Or et Argent dans l'État de Sonora, au Mexique, où elle détient une participation de 49% aux côtés de Tocvan Ventures (51%). Six forages ont été réalisés, totalisant 672,2 mètres, avec un septième forage en cours. Les premiers échantillons ont été enregistrés et sont en préparation pour analyse géochimique.
Le projet a montré des résultats de forage historiques prometteurs, notamment des points forts tels que 116,9 mètres à 1,2 g/t d'or, 108,9 mètres à 0,8 g/t d'or et 94,6 mètres à 1,6 g/t d'or. Les tests métallurgiques ont démontré des taux de récupération élevés, avec 62% de récupération de l'or sur une période de lessivage de 46 jours et des tests de récupération gravitationnelle montrant une récupération de 95 à 99% d'or.
La propriété Pilar est interprétée comme un système épithermal à basse sulfurisation contrôlé structurellement, la minéralisation s'étendant sur une tendance de 1,2 kilomètre, dont seule la moitié a été testée par forage.
Colibri Resource (TSXV: CBI) hat ein Update zu seinem Diamantbohrprogramm im El Pilar Gold- und Silberprojekt in Sonora, Mexiko, gegeben, wo es eine Beteiligung von 49% zusammen mit Tocvan Ventures (51%) hält. Sechs Bohrlöcher wurden abgeschlossen, insgesamt 672,2 Meter, wobei ein siebtes Loch derzeit in Arbeit ist. Erste Kernproben wurden registriert und werden für geochemische Analysen vorbereitet.
Das Projekt hat vielversprechende historische Bohrergebnisse gezeigt, darunter Höhepunkte wie 116,9 Meter mit 1,2 g/t Gold, 108,9 Meter mit 0,8 g/t Gold und 94,6 Meter mit 1,6 g/t Gold. Metallurgische Tests haben hohe Rückgewinnungsraten gezeigt, mit 62% Goldrückgewinnung über einen 46-tägigen Laugungszeitraum und Schwerkrafttests, die eine Rückgewinnung von 95-99% Gold zeigen.
Das Pilar-Grundstück wird als strukturell kontrolliertes Niedersulfidations-Epithermalsystem interpretiert, dessen Mineralisierung sich über einen 1,2 Kilometer langen Trend erstreckt, von dem nur die Hälfte gebohrt wurde.
- Strong historical drill results with significant gold intersections
- High metallurgical recovery rates (95-99% gold, 73-97% silver)
- Extensive mineralization trend of 1.2km with only half tested
- Project advancing toward Maiden Resource Estimate
- Only holds minority stake (49%) in the project
Dieppe, New Brunswick--(Newsfile Corp. - January 28, 2025) - Colibri Resource Corporation (TSXV: CBI) ("Colibri" or the "Company") is pleased to share an update with its shareholders and interested parties in regard to its up to 1,250 metre diamond drilling program presently underway at its jointly held El Pilar Gold & Silver Project in Sonora Mexico. Colibri holds
Drilling Update
Six holes have now been completed totalling 672.2 metres and a seventh hole is presently underway. Cores from the first several holes have been logged and are presently being prepared to be shipped for geochemical analysis. The Company will report results in due course upon review of the data.
On January 22nd, 2025, Tocvan Ventures reported the following in regard to the first four diamond drill holes completed in our 2025 program at Pilar: "The aim of the core program is to build out a more robust geological model across the area. Each hole completed has successfully intersected lithologies and structures (vein zones, breccia zones and/or large fault gouges) known to host and control gold - silver mineralization at Pilar that will aid in modelling. The Company cautions these are visual indications; assay results are pending to verify the grade of mineralization."
Ian McGavney, President & CEO of Colibri states, "The Company is excited to move forward with its partner Tocvan Ventures to unlock Pilar's significant potential. The new data derived from this diamond core drilling program will be added to the project's geological model as well as to an upcoming Maiden Resource Estimate. We look forward to updating our shareholders on these drill results and our other progress at Pilar as we move towards our goal of being a near term gold & silver producer."
About the Pilar property
The Pilar gold-silver property has returned some of the region's best drill results. Coupled with encouraging gold and silver recovery results from metallurgical test work, Pilar is primed to be a potential near-term producer. The project is interpreted as a structurally controlled low-sulphidation epithermal system hosted in andesite rock. Initially, three primary zones of mineralization were identified on the original property from historic surface work and drilling, and are referred to as the Main zone, North Hill and 4-T. Each trend remains open to the southeast and north, and new parallel zones have been discovered. Structural features and zones of mineralization within the structures follow an overall northwest-southeast trend of mineralization. Mineralization extends along a 1.2-kilometre trend. Only half of that trend has been drill tested so far.
Pilar drill highlights:
- 2022 phase 3 diamond drilling highlights include (all lengths are drilled thicknesses):
- 116.9 metres of 1.2 grams per tonne gold, including 10.2 m of 12 g/t Au and 23 g/t silver;
- 108.9 m of 0.8 g/t Au, including 9.4 m of 7.6 g/t Au and 5 g/t Ag;
- 63.4 m of 0.6 g/t Au and 11 g/t Ag, including 29.9 m of 0.9 g/t Au and 18 g/t Ag;
- 2021 phase 2 RC drilling highlights include (all lengths are drilled thicknesses):
- 39.7 m of 1.0 g/t Au, including 1.5 m of 14.6 g/t Au;
- 47.7 m of 0.7 g/t Au, including three m of 5.6 g/t Au and 22 g/t Ag;
- 29 m of 0.7 g/t Au;
- 35.1 m of 0.7 g/t Au;
- 2020 phase 1 RC drilling highlights include (all lengths are drilled thicknesses):
- 94.6 m of 1.6 g/t Au, including 9.2 m of 10.8 g/t Au and 38 g/t Ag;
- 41.2 m of 1.1 g/t Au, including 3.1 m of 6.0 g/t Au and 12 g/t Ag;
- 24.4 m of 2.5 g/t Au and 73 g/t Ag, including 1.5 m of 33.4 g/t Au and 1,090 g/t Ag;
- 15,000 m of historic core and RC drilling; highlights include:
- 61.0 m of 0.8 g/t Au;
- 21.0 m of 38.3 g/t Au and 38 g/t Ag;
- 13.0 m of 9.6 g/t Au;
- 9.0 m of 10.2 g/t Au and 46 g/t Ag.
Pilar bulk sample summary:
- 62-per-cent recovery of gold achieved over 46-day leaching period;
- Head grade calculated at 1.9 g/t Au and seven g/t Ag; extracted grade calculated at 1.2 g/t Au and three g/t Ag;
- Bulk sample only included coarse fraction of material;
- Fine fraction indicates rapid recovery with agitated leach:
- Agitated bottle roll test returned rapid and high recovery results: 80-per-cent recovery of gold and 94-per-cent recovery of silver after rapid 24-hour retention time.
Additional metallurgical studies:
- Gravity recovery with agitated leach results of five composite samples returned:
- 95- to 99-per-cent recovery of gold;
- 73- to 97-per-cent recovery of silver;
- Includes the recovery of 99 per cent Au and 73 per cent Ag from drill core composite at 120-metre depth.
Technical information expressed in this news release is the view of Brodie A. Sutherland, chief executive officer for Tocvan, a qualified person 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/238687
FAQ
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