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Colibri Resource Corp
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Close 2011-06-06 C$ 0.32
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Colibri Resource drills two m of 117.3 g/t Au at Ramard

2011-06-07 09:59 ET - News Release

Mr. Lance Geselbracht reports

COLIBRI INTERSECTS MORE HIGH GRADE NEAR SURFACE MINERALIZATION AT RAMARD; 974 GRAMS PER TONNE SILVER, 12.4% LEAD, AND 1.8% ZINC AT 5 METRES DEPTH, PLUS 365 GPT SILVER, 4.85% LEAD, 19.46% ZINC AT 7 METRES.

Colibri Resource Corp. has released more results of a 2,000-metre drilling program at the Ramard silver project, in Sonora, Mexico. The Ramard property consists of over 4,000 hectares of mineral concessions located 100 kilometres 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. Assays have been returned from holes 11 through 16 of 28 drill holes.

All holes were drilled across a gently dipping skarn/manto formation and are believed to be close to true width (within 10 per cent).

Notable intercepts include:

  • BRAPD11 intersected 52 metres averaging 11.6 parts per billion (ppb) gold, 10.9 grams per tonne (gpt) silver, 0.13 per cent lead and 0.16 per cent zinc between surface and 50 metres depth including two metres of 100 ppb gold, 117.3 gpt silver, 0.8 per cent lead and 1.5 per cent zinc between 50 and 52 metres depth.

  • BRAPD12 cut five metres of 65 ppb gold, 76 gpt silver 3.56 per cent lead and 2.76 per cent zinc between 16 and 21 metres depth.

  • BRAPD14 cut 21 ppb gold, 31.6 gpt silver, 0.26 per cent copper and 1.07 per cent zinc between surface and 25 metres depth.

  • BRAPD15 cut 27 ppb gold, 129 grams per tonne silver, 1.88 per cent lead and 2.76 per cent zinc between surface and 17 metres depth including four metres of 77 ppb gold, 397.5 gpt silver (12.8 troy ounces per metric tonne), 5.45 per cent lead and 8.8 per cent zinc between five and nine metres depth, including one metre of 230 ppb gold, 974.6 (gpt) silver (31.4 troy ounces per metric tonne), 12.43 per cent lead and 1.81 per cent zinc between five and six metres depth plus 36 ppb gold, 365 gpt silver (11.8 troy ounces per metric tonne), 4.85 per cent lead and 19.46 per cent zinc between seven and eight metres depth. This hole was terminated at 17 metres depth due to difficult drilling conditions and restarted five metres away at an inclination of minus 60 degrees and yielded comparable results.

  • BRAPD16 cut seven metres of 25.6 ppb gold, 196.3 gpt silver, 2.87 per cent lead and 3.49 per cent zinc between three and 10 metres depth, including 132 ppb gold, 770 gpt silver (24.8 troy ounces per metric tonne), 11 per cent lead and 13.4 per cent zinc between six and seven metres depth.

                                            BRAPD DRILL BORINGS-APRIL, 2011

Drill hole   Total depth  Drill interval     Width      Gold     Silver      Copper        Lead        Zinc
                (metres)        (metres)  (metres)     (ppb)      (gpt)  (per cent)  (per cent)  (per cent)

BRAPD11              99m           0-52m       52m        12       10.9       <0.01        0.13        0.16
                                  17-52m       35m        16       13.0       <0.01        0.11        0.13
                                  50-52m        2m       100      117.3       <0.01        0.80        1.50

BRAPD12             100m          16-21m        5m        65       76.0       <0.01        3.56        2.76
                                  18-19m        1m       154      204.3       <0.01       13.45        8.14

BRAPD13              99m          18-20m        2m        <5        1.4       <0.01        0.14        1.38


BRAPD14              67m           0-50m       50m        15       18.5        0.15        0.03        0.67
                                   0-25m       25m        21       31.6        0.26        0.05        1.07
                                   0-10m       10m        38       62.4        0.56        0.06        1.05
                                  13-14m        1m        28      211.8        1.11        0.07        1.12

BRAPD15              17m           0-17m       17m        27      129.1       <0.01        1.88        2.76
                                   3-17m       14m        32      156.4       <0.01        2.27        3.31
                                    5-9m        4m        77      397.5       <0.01        5.45        8.80
                                    5-6m        1m       230      974.6       <0.01       12.43        1.81
                                    7-8m        1m        36      365.0       <0.01        4.85       19.46

BRAPD16              99m           3-10m        7m        26      196.3       <0.01        2.87        3.49
                                    5-7m        2m        90      592.0        0.01        9.98        8.10
                                    6-7m        1m       132      770.1       <0.01          11       13.44

Holes BRAPD14, 15 and 16 are more than 500 metres distant from BRAPD9 which contains comparable concentrations of silver, lead and zinc (see news release of May 27, 2011), an indication of the size and scope of this system.

These results further demonstrate the potential of the Ramard project, with both high-grade manto horizons plus disseminated silver, gold, lead, zinc.

Access on the project is excellent, with a paved road less than one kilometre from the drill sites and the railhead at the town of Carbo less than 10 kilometres distant. The company is waiting for analyses of the remainder of the drill holes.

Drilling was conducted using a direct circulation, rotating hammer, track-mounted rig and Ingersoll Rand 750 CFM compressor. Drill hammer width is 4.5 inches. Samples were collected in a cyclone at one-metre intervals and split with a Jones splitter. All samples were split on site with half of the sample kept for archival purposes. At least one duplicate sample was collected from all holes. Samples were taken directly to Inspectorate Laboratory sample preparation lab in Hermosillo, Sonora, at the end on each day's drilling. Sample pulps were analyzed by Inspectorate in its laboratory in Richmond, B.C., using AuAg-1AT-GV for gold and silver and BM-AR-OR for copper, lead and zinc, quantitative procedures designed for ore-grade samples.

Exploration was conducted under the supervision of Dr. J.J. Irwin, PhD, PGeo, the qualified person under National Instrument 43-101 on this project.

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