Year: 2018

Colibri Resource Corporation wishes to announce that it has completed drilling of the final 900m of its 3,000m Phase 1 drilling program at its Pilar Gold Project in Sonora, Mexico. Samples from the final 7 drill holes and 2 drill hole extensions have been collected and delivered to ALS Chemex laboratories in Hermosillo, Mexico for assay preparation and subsequently the Atomic Absorption and Fire Assay analysis will be completed in Vancouver, Canada. Assay results will be released as they become available.

J. Duane Poliquin, Chairman of Azucar commented, “We are very excited to commence what we anticipate being a comprehensive two year intensive drill program at the El Cobre project. The results over the past two years have shown the potential for multiple porphyry centres over a four kilometre strike. We look forward to reporting drill results as we move forward.”

Dr. Peter Megaw, MAG’s Chief Exploration Officer commented, “With the Zacatecas Silver District consolidating, MAG was approached by a number of companies looking to acquire its holdings in the camp. MAG chose to partner with Defiance because of our long-held interest in the exploration potential of the Veta Grande Vein, the second most important vein in the billion-ounce Zacatecas silver district. A number of high-grade ore-shoots have been found along its length and the ability to expand exploration to a continuous 5.6 km stretch of this historically under-explored vein greatly enhances the potential for discovering more. This strategic interest in Defiance provides MAG with exposure to the upside of future discoveries as their exploration of this important vein advances.”

As part of the ongoing exploration follow-up, beginning 2017, a reconnaissance program of sampling, mapping and assaying was conducted within the property. The large area of these mineralized and partially brecciated showings define a rhyodacitic volcanic dome that is associated with high sulphidation style alteration have been confirmed to have anomalous gold, bismuth and molybdenum in rock. Several felsic dome/ silica breccia complexes have been located throughout the property.

“La mejor manera de llegar a ser más competitivos es trabajando en la mejora del recurso humano, que es lo más importante al interior de las empresas mineras”, apuntó Lomelín Guillen.

“Definitivamente, como lo manifestamos en su momento, no estamos de acuerdo con el impuesto ecológico, así lo manifestamos al Congreso del estado y al gobierno del estado. Ese proceso está en instancias judiciales, tenemos una impugnación del gobierno federal y será el tribunal de justicia quien resuelva”, dijo Octavio Alvídrez Ortega, director general de la empresa Fresnillo plc, en mayo pasado.