Thursday, October 20, 2011
Colibri to commence drilling on Ramard Silver property, Sonora, Mexico
Colibri Resource Corp is pleased to announce an initial 2000 meter drill program on the Ramard property in Sonora, Mexico to commence in November, 2011. The Ramard property consists of over 4000 hectares of mineral concessions located 100 km north of the city of Hermosillo, Sonora, wholly owned by Colibri’s Mexican subsidiary, Minera Halcones. The Ramard property contains numerous historical artisanal silver mine workings.
Prior results from drilling programs in 2006, 2007 and Spring 2011 are reported in a series of news releases (see www.colibriresource.com/s/newsreleases.asp.). Drill collar locations, summary of assay results and representative drill sections are shown atwww.colibriresource.com/s/Ramard.asp.
Prior drilling intercepted concentrations of up to1235 grams per metric tonne (gpt) silver (Ag) and greater than 20% combined lead/zinc (Zn/Pb) and 1% copper (Cu) (see summary Table 2) over widths of 1 meter, all at less than 40 meters depth from the surface. Mineralization in the Bronca Zone occurs over at least 1 kilometer length, 300 meters width.
The drill program will initially focus on expanding the La Bronca Zone. Soil grid and rock chip sampling has commenced at other locations on the project not previously explored by the company.
The prior drill results from this project are comparable with 43-101 compliant mineral resources for some operating silver mines and advanced exploration projects in the State of Sonora, e.g., the Alamo Dorado mine (controlled by Pan American Silver Corp.), the Santa Elena mine (SilverCrest Mines, Inc.), and the Promontorio Project (Kootenay Gold, Inc.). All of these silver projects are developed within old mining districts with numerous artisanal mine workings.
Exploration was conducted under the supervision of J.J. Irwin, B.Sc., Ph.D., the qualified person under National Instrument 43-101 on this project.
For further information
Visit our website at www.colibriresource.com or call Lance Geselbracht, P.E., at (250) 755-7871.
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