Source: Colibri Resource Corp.
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  • Silver Spruce Resources (SSE) is launching a ground exploration program on the Jackie Gold & Silver Property on June 11th
  • Phase 2 will concentrate around an exploration target with promising gold and silver assay results recently reported from the phase 1 program
  • A six-person team and all necessary logistical support will undertake the phase 2 exploration program
  • Colibri is a Canadian-based mineral exploration company focused on acquiring and exploring prospective gold & silver properties in Mexico
  • Colibri Resource Corporation (CBI) opened trading at C$0.16 per share

Colibri Resource’s (CBI) earn-in partner Silver Spruce Resources is launching a ground exploration program on the Jackie Gold & Silver Property.

The phase 2 exploration program, scheduled to begin on June 11th, will concentrate around an exploration target with promising gold and silver assay results recently reported from the phase 1 prospecting and rock sampling program.

The geological work will be carried out on a 100-hectare section of the property with grid-controlled detailed mapping and rock sampling focused on a 25-hectare central block covering the core of the gold and silver discovery area with additional mapping and sampling of the surrounding area. (Illustration 1)

Illustration 1: Phase 2 grid sampling area on Phase 1 geochemistry

The newly discovered area includes exposure to intense oxidation and argillic alteration (Illustration 2).

Grab samples from this area returned a high value of 9.65 g/t Au and 515 g/t Ag and several samples with > 0.1 g/t Au and anomalous to the highly anomalous base metal and pathfinder element values.

Illustration 2: Field and sample pictures of new discovery area

Silver Spruce is currently in year 1 of a 2-year agreement to earn 50% of the Jackie Gold & Silver Project from Colibri. 

A six-person team and all necessary logistical support will undertake the phase 2 exploration program, including rock sampling and geological mapping of known areas exhibiting significant alteration or mineralization, collection of structural data and alteration zoning to assist with vectoring toward potential Phase 3 drilling targets.

The team also will investigate several known hyperspectral alteration targets identified from satellite imagery. All aspects of the exploration program will be conducted with strict adherence to COVID-19 protocols for personal safety.

Project background

The Jackie Gold & Silver Property is a promising early-stage precious metal project located 175 km east of Hermosillo, Sonora, Mexico. The large grassroots property is located in a very productive region only one to two kilometres south from Colibri’s El Mezquite and Diamante properties and is approximately 6 kilometres to the west of Minera Alamos’ (TSXV: MAI) Santana project, where the Nicho deposit currently under development and expected to reach commercial production in the near term.

The Jackie Project is located within the western portion of the Sierra Madre Occidental Volcanic Complex within the prominent northwest-trending “Sonora Gold Belt” of northern Mexico and parallels the precious metals-rich Mojave-Sonora Megashear.

The 1,130-hectare property is easily accessible. 

Colibri is a Canadian-based mineral exploration company focused on acquiring and exploring prospective gold & silver properties in Mexico. The company has six exploration projects of which five currently have exploration programs being executed or planned for 2021. The flagship Evelyn Gold Project is 100% owned and explored by Colibri.

Colibri Resource Corporation (CBI) opened trading at C$0.16 per share.

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