Pilar Project

View Pilar Report in PDF Format

Acquisition Structure (TSX-V Approved on July 25, 2017)

  • Colibri has issued 24,242,424 for a total of $4,000,000 to Ontop Capital.
  • CGR owns 100% of the right, title and interest in Minera Bestep S.A. de C.V. (“Bestep”), a private Mexican company.
  • Bestep holds 100% of the right, title and interest in the Pilar Gold Project (“Pilar Property”) and the Sun Project.
  • Both properties are near Suaqui Grande, Sonora, Mexico and neither properties are subject to any royalties or encumbrances.

 

Pilar Gold Property (105 hectares)

  • 100% Ownership, No NSR
  • In-house Resource Estimate (Main Zone):
    • 42,858 Oz Au, Grade 1.9 g/t Au
  • Small Scale, High Grade Mining Dating Back to Early 1900’s
  • Previous Optionees:
  • Santa Catalina Mining – Lundin Group (Oct 95′- Mar 98′)
  • Santa Fe Mining (Mar 09′ – Mar 10′)
  • Canadian Gold Resources (Jun 10′ – Dec 16′)
  • Extensive Drilling, Trenching, Geophysics, Sampling
  • Open Pit, Highly Oxidized, Heap Leach Potential

 

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
  • 57 Rock-chip & 27 Soil Samples (all mapped)
  • 92 Rock-chip Samples (mapped, avg. 1.229 g/t Au)
  • 590 Rock-chip Samples at 5m Intervals (mapped)
  • 7,192 Meters of Drilling with CGR Management
  • Standard Cyanide Bottle Roll Testing Completed

 

 

Previous Channel & Chip Sampling

Channel Sampling

Chip Sampling


Highly Silicified Boulder with Analysis of 6 g/t Au

30+ Major Trenches Spanning 2.7km

 

Previous Drilling Campaigns

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

Recent 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

 

Recent Drilling – Intercept Highlights

 

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

 

Technical Objectives

  • Produce Resource Calculation
    • at Least 120,000 Ounces of Gold
  • Verify Lundin’s Mineralized Structured Zone
    • 1,200m x 625m
  • Preliminary Economic Assessment

 

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