Pilar Project

  • Size: 105 Hectares 
  • Advanced Exploration – 3 drilled zones – additional targets to be followed up
  • Easy Access
  • Near Suaqui Grande, Sonora, Mexico and is not subject to any royalties or encumbrances.
  • Extensive drilling, Trenching, Geophysics, Sampling, 3D Modeling
  • Open Pit, Highly Oxidized, Highly Fractured, Heap Leach Potential
  • Small scale, High Grade Mining dating back to early 1900’s.
  • Colibri purchased for $4 million CAD (24,242,424 shares at deemed price of $0.165 per share)

 

 

 

Pilar Gold Property – Work Done 

(Significant Amount of Data Collected on Pilar Property)

  • 1.9km of 3m Channel Sampling (660 x 3m)
  • 750 Meters of Additional Trenches
  • 7,500 Plus Meters of Drilling in 1996-1997 + 7,192 Meters of Drilling with CGR Management = 14,692
  • 3,000 Meters drilled by Colibri (April – June 2018)
  • 57 Rock-chip & 27 Soil Samples (all mapped) – Western Claims
  • 92 Rock-chip Samples (mapped, avg. 1.229 g/t Au) – Western Claims
  • 590 Rock-chip Samples at 5m Intervals (mapped) – Western Claims
  • Standard Cyanide Bottle Roll Testings Completed – Avg. 92% recovery

 

 

Santa Catalina – Channel & Chip Sampling

Channel Sampling

Chip Sampling – CGR


Highly Silicified Boulder with Analysis of 6 g/t Au

30+ Major Trenches Spanning 2.7km

 

Santa Catalina Drilling Campaigns

*The chart shown above is based on Santa Catalina Mining press releases.

2010, 2012, 2013 – CGR Drilling Campaigns & Notable RC Drilling Samples

RC Drilling Samples Typically Represent 1.5 meters or 1.52 meters (5 feet)

Tables Show all CGR RC Drilling Samples Resulting in +2 g/t Au

 

Additional Drilling – Intercept Highlights – CGR

 

Pilar Gold – Metallurgical Testing

Excellent Gold Recoveries
Highly Oxidized Material is Ideal for Heap Leach Gold Recovery

Hermosillo-based Laboratorio Technologico de Metalurgia LTM S.A. de C.V (LTM) Was Commissioned to Complete Three Preliminary Metallurgical Tests

Bottle Roll Test 1

  • 7 Samples Taken at 5-7 metre Intervals Along a 35 Metre Long Section of the Largest Known Mineralized Structure in the Main Zone.
  • Test 1 Head Assay: 1.5 g/t Au and 6.0 g/t Ag
  • Test 1 Recovery in 72 Hours: 92.17% Gold and 28.66% Silver

 

Bottle Roll Tests 2 and 3

  • 5 samples Taken From the Width of the Same Structure as Test 1, at 5 Metre Intervals, 60-100 Metres from Test 1.
  • Test Was Run in Duplicate for Greater Accuracy
  • Test 2 and Test 3 Head Assay: 0.79 g/t Au and 7.0 g/t Ag
  • Test 2 Recovery in 72 Hours: 91.17% Gold and 16.12% Silver
  • Test 3 Recovery in 72 Hours: 93.88% Gold and 12.09% Silver

 

Pilar Gold – Path Forward for Next 12 Months

Fast Track to Production Initiatives Underway.

Corporate Objectives

  • Raise Drilling Campaign Funds Via Private Placement for Phase 2 – 2018 Campaign (7,000 m)

Exploration Objectives

  • Drill a Total of 10,000 meters
  • Expand on Previous Drilling Success
  • Drill for Continuity of Grade, Extension and Depth
  • Drill Selected Exploration Targets Outside the Main Zone

Technical Objectives

  • Produce Resource Calculation 
  • Verify Lundin’s Mineralized Structured Zone
    • 1,200m x 625m
  • Preliminary Economic Assessment