Next Steps
The Company will begin remediation of access roads to and within the property this week. These repairs are required to support trucks carrying reverse circulation ('RC') drill equipment after what has been a particularly heavy rainy season in northern
'I am very pleased that we have reached the drill stage in the exploration of the Evelyn Property. We have completed a systematic, property-wide exploration program that includes geological and structural mapping, geochemistry and analyses of a large number of surface samples, and geophysical surveys that include Magnetics and Induced Polarization. The drill plan is the culmination of this work and will be testing our exploration model developed over the last 18 months,' commented
Evelyn Geology, Exploration, and Drill Plan
The 'Main Zone' of mineralization in the Cerro Rojo target area consists of a north-northeast striking and easterly dipping quartz vein up to 1.5 m thick exposed over a strike length of approximately 120 m.
Geological mapping and outcrop sampling
Completion of a structural geology mapping study
Excavation of trenches in two phases, first using a backhoe and then using a larger excavator
Collection and analyses of 760 samples from surface and trench exposures
Completion of a property wide drone topographic survey and generation of a digital elevation model ('DEM') for the property
Completion of a property wide drone magnetic survey consisting of 118 line km covering the complete property
Completion of a 3D - Induced Polarization survey consisting of 82.5-line km covering approximately 90% of the property.
Inversion modelling of magnetic and IP data.
Based largely on the distribution of anomalous and higher-grade assay results from surface and trench exposures coincident with magnetic gradients and lineaments and with structures identified through geological mapping, the Company interprets 4 target areas of mineralization at Evelyn:
The exploration model being developed by the Company relates the mineralization at Evelyn, consisting of higher-grade veins and veinlets hosted by altered and sulphide bearing lower grade volcanic rocks, to north-northeast trending stratigraphy and layer-parallel fault zones and southeast striking, moderately southwest dipping fault zones. The first phase of the drill program will be based largely on surface mapping and sampling with down-dip projection being supported by inversion modelling of both the magnetic and IP datasets.
Field Work Update
Geological mapping and sampling is in progress at the Evelyn project. The objectives of this work are to further refine drill targets and plans, to follow-up on IP results and interpretations, and to fill-in gaps in the mapping coverage. Recent results include a sample that returned assay values of 33 g/t Au and 119 g/t Ag from a narrow veinlet in the
Qualified Person
ABOUT
Colibri is a Canadian-based mineral exploration company listed on the TSX-V (CBI) and is focused on acquiring and exploring prospective gold & silver properties in
For more information about all Company projects please visit: www.colibriresource.com.
Neither
Notice Regarding Forward-Looking Statements:
This news release contains 'forward-looking statements'. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate.
Contact:
President, Chairperson and Director
Tel: (506) 383-4274
rongoguen@colibriresource.com.
(C) 2021 Electronic News Publishing, source