- Colibri Resources (CBI) is reporting positive drill results from its Evelyn Property
- The assay results are from the New Brunswick-based mineral explorer’s Phase 1 drill program
- Results confirmed the presence of “significant gold mineralization” the company said
- Geological mapping on the property continues while the company is also collecting additional soil samples
- Colibri Resources is unchanged, trading at $0.065 at 11:07 am ET
Colibri Resources (CBI) is reporting positive drill results from its Evelyn Property.
The assay results are from the New Brunswick-based mineral explorer’s Phase 1 drill program.
Results confirmed the presence of “significant gold mineralization” the company confirmed on August 25.
The property is located in the Caborca Gold Belt in Sonora, Mexico.
Phase 1 drilling covered 6,223 metres of reverse circulation drilling completed over 42 holes.
Geological mapping on the property continues while the company is also collecting additional soil samples infilling historical property wide soil surveys.
“Our Phase 1 drilling on the Evelyn property has confirmed the presence of significant gold mineralization at Evelyn, especially at the Main Zone and at El Sahuaro. We feel that these encouraging results warrant follow-up exploration and drilling,” said President and CEO Ron Goguen.
“With Phase 1 drilling and additional surface exploration complete we are now able to finalize our next steps. We are very pleased with the quality of the Phase 2 drill targets being developed and exploration plan which integrate Phase 1 drill results with our geophysics, sampling, and property wide geological and structural model.”
Colibri Resources is unchanged, trading at $0.065 at 11:07 am ET.
