VANCOUVER, June 7, 2011 /CNW/ - Colibri Resource Corporation is pleased
to report more results of a 2000 meter drilling program at the Ramard
silver project, in Sonora, Mexico. The Ramard property (see www.colibriresource.com) 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. Assays have been
returned from holes 11-16 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%).
Notable intercepts include:
BRAPD11 intersected 52 meters averaging 11.6 parts per billion (ppb)
gold, 10.9 grams per tonne (gpt) silver, 0.13% lead, 0.16% zinc between
surface and 50 meters depth including 2 meters of 100 ppb gold, 117.3
(gpt) silver, 0.8% lead, 1.5% zinc between 50 and 52 meters depth.
BRAPD12 cut 5 meters of 65 ppb gold, 76 (gpt) silver 3.56% lead, 2.76%
zinc between 16 and 21 meters depth,
BRAPD14 cut 21 ppb gold, 31.6 (gpt) silver, 0.26% copper, 1.07% zinc
between surface and 25 meters depth,
BRAPD15 cut 27 ppb gold, 129 grams per tonne silver, 1.88% lead, 2.76%
zinc between surface and 17 meters depth including 4 meters of 77 ppb
gold, 397.5 (gpt) silver (12.8 troy ounces per metric tonne), 5.45%
lead, 8.8% zinc between 5 and 9 meters depth, including 1 meter of 230
ppb gold, 974.6 (gpt) silver (31.4 troy ounces per metric tonne),
12.43% lead, 1.81% zinc between 5 and 6 meters depth plus 36ppb gold,
365 (gpt) silver (11.8 troy ounces per metric tonne), 4.85% lead,
19.46% zinc between 7 and 8 meters depth. This hole was terminated at
17 meters depth due to difficult drilling conditions and restarted 5
meters away at an inclination of -60 degrees and yielded comparable
results,
BRAPD16 cut 7 meters of 25.6ppb gold, 196.3 (gpt) silver, 2.87% lead,
3.49% zinc between 3 and 10 meters depth, including 132 ppb gold, 770
(gpt) silver (24.8 troy ounces per metric tonne), 11% lead, 13.4% zinc
between 6 and 7 meters depth.
BRAPD Drill Borings-April 2011
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| Drill Hole |
| UTM |
| Incline (º) |
| Total Depth (meters) |
| Drill Interval (meters) |
| Width (meters) |
| Gold (ppb) |
| Silver (gpt) |
| Copper (percent) |
| Lead (percent) |
| Zinc (percent) |
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BRAPD11
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-70
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99m
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0-52m
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52m
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12
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10.9
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<0.01
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0.13
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0.16
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518387E
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17-52m
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35m
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16
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13.0
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<0.01
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0.11
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0.13
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3285494N
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50-52m
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2m
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100
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117.3
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<0.01
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0.80
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1.50
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BRAPD12
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-90
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100m
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16-21m
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5m
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65
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76.0
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<0.01
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3.56
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2.76
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518398E
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18-19m
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1m
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154
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204.3
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<0.01
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13.45
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8.14
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3285742N
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BRAPD13
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-90
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99m
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18-20m
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2m
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<5
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1.4
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<0.01
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0.14
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1.38
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518379E
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3285712N
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BRAPD14
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-70
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67m
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0-50m
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50m
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15
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18.5
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0.15
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0.03
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0.67
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518585E
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0-25m
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25m
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21
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31.6
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0.26
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0.05
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1.07
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3285800N
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0-10m
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10m
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38
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62.4
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0.56
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0.06
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1.05
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13-14m
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1m
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28
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211.8
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1.11
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0.07
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1.12
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BRAPD15
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-90
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17m
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0-17m
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17m
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27
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129.1
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<0.01
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1.88
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2.76
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518454E
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3-17m
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14m
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32
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156.4
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<0.01
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2.27
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3.31
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3285770N
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5-9m
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4m
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77
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397.5
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<0.01
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5.45
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8.80
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5-6m
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1m
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230
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974.6
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<0.01
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12.43
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1.81
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7-8m
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1m
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36
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365.0
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<0.01
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4.85
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19.46
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BRAPD16
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-90
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99m
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3-10m
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7m
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26
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196.3
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<0.01
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2.87
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3.49
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518455E
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5-7m
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2m
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90
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592.0
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0.01
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9.98
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8.10
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3285765N
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6-7m
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1m
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132
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770.1
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<0.01
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11
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13.44
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Holes BRAPD14, 15 and 16 are more than 500 meters 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 1 km
from the drill sites and the railhead at the town of Carbo less than 10
kilometers 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 meter
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 days drilling. Sample pulps were
analyzed by Inspectorate in their laboratory in Richmond, British
Columbia 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 J.J. Irwin, Ph.D.,
P.Geo. the qualified person under National Instrument 43-101 on this
project.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents herein.
<p> Lance Geselbracht, P.E., President and Chief Executive Officer <br/> Tel: (250) 755-7871 </p>