- Colibri Resource (CBI) option partner Silver Spruce Resources has received approval from the Mexican government to start work on its Jackie Gold and Silver Project
- The Mexican government’s environmental authority approved permits that allow for a trenching and drilling program on the property
- The project is located in Sonora, Mexico
- Plans call for a 500 to 1,000-metre trenching program followed by a 1,000 to 2,000-metre reverse circulation drill program to evaluate principal targets
- Colibri Resource is unchanged, trading at $0.08 at 1:48 p.m. ET
Colibri Resource (CBI) partner Silver Spruce Resources has approval from the Mexican government to start work on its Jackie Gold and Silver Project.
The project is located in Sonora, Mexico.
Silver Spruce is in the second year of a two-year agreement to earn 50 percent of the Jackie Gold and Silver Project.
The 1,130-hectare Jackie property is a precious metal project located in eastern Sonora, Mexico. It is situated within the west-central portion of the Sierra Madre Occidental Volcanic Complex of northern Mexico.
New Brunswick-based Colibri Resource submitted plans for a 500 to 1,000-metre trenching program followed by an initial 1,000 to 2,000-metre reverse circulation drill program to evaluate the principal targets located near the centre of the concession. The proposed scope is designed to provide significant flexibility during the life of the initial permit and includes 13 trench track locations and thirty 36 drill pads.
“We are pleased to confirm that the permitting documents were approved by SEMARNAT. As expected, the environmental report prepared by Saul Ruiz and his team at Green and Ceo clearly demonstrated their high-quality technical expertise and was approved on schedule,” said Silver Spruce Vice President Exploration Greg Davison.
“These approvals clear the way for Silver Spruce and our partner, Colibri Resource Corp. to move forward with our jointly funded trenching and drilling program. The Phase 1 trenching is scheduled to start in April and be completed in May. Receipt of assays are anticipated during May and June. The field team will have access to a portable X-ray fluorescence tool which will be used to test trenching areas for metals and pathfinder elements in parallel with optimization of the anomalous rock sampling locations.”
Colibri Resource is unchanged, trading at $0.08 at 1:48 p.m. ET.
