5/27/2023 0 Comments Colibri groupOur technical due diligence on the Plomo property confirmed significant continuity of alteration and structure especially in the San Perfecto target area and most significantly confirms the application of our exploration model developed to date through our work at Evelyn." We have been very encouraged with the progress made on our Evelyn property over the last 18 months and the acquisition of Plomo provides us with a much expanded footprint for discovery. Ron Goguen, President & CEO of Colibri commented, " Plomo is a great addition to our property portfolio in Sonora. Compilation and due diligence related field work completed by Colibri has provided the foundation for continued exploration planning which includes the prioritization of drill targets on the newly combined Evelyn-Plomo property, the planning and execution of field exploration programs to advance targets to the drill stage, and property scale surveys to completely evaluate and realize the property potential.Due diligence mapping and sampling completed by Colibri geologists has confirmed vein style mineralization consisting of veins, veinlets, and vein stockworks, altered host rocks that include intense silicification, sericite, disseminated pyrite, and locally tourmaline bearing stockworks and breccias.First recorded exploration was in 2006 and the property has been the subject of only episodic exploration since that time. The Plomo property has had small scale artisanal mining including, pits, adits, and placer mining dating back to the 18 th century. ![]() A highlight of the drilling is the intercept of 0.66 g/t Au over an intersection length of 11.65 metres ("m") completed in the San Perfect target area. The Plomo property has been the subject of only very limited exploration drilling, completed in 2008, with a total of 1,570 meters completed in 10 holes.Underground sampling completed in the adit at the Banco de Oro prospect in 2008 are reported to have included 298.0 g/t Au over a chip length of 2.4 metres.Surface exploration including prospecting, mapping, and rock sampling since 2007 has resulted in the identification of 9 target areas on the Plomo property. The current (historical) database totalling 1,853 surface rock samples includes 524 samples greater than 0.1 grams per tonne ("g/t") Au, 132 samples greater than 1.0 g/t Au, and 15 high grade samples greater than 10 g/t Au.The Plomo and Evelyn properties are located in the 500 km long, northwest trending Caborca Gold belt which includes the > 15 million ounce La Herradura Mine, located 30 km west of Plomo and the > 2 million ounce Noche Buena Mine located approximately 8 km southwest of Plomo.The additional land increases Colibri's footprint by 842% to a total of 4,766 hectares. The Plomo property covers an area of approximately 4,260 hectares ("Ha") and is contiguous with the Company's Evelyn Property.March 16, 2023) - Colibri Resource Corporation (TSXV: CBI) (OTC Pink: CRUCF) ("Colibri" or the "Company") is very pleased announce the strategic acquisition of the "Plomo Gold" property located in the Caborca Gold Belt, northwest Sonora, Mexico.
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