Category: Exploration and Development

With samples in hand in combination with the geological & structural mapping, Colibri now feels confident moving forward with its planned drilling program of up to 1000 meters at Evelyn. Permits are being applied for and drilling companies are being contacted for quotations. The Company will provide guidance to the market as permits are received and when a drilling contract has been awarded.

Brad Marwood, Managing Director CZL said “Utilising a mining contractor to start the Plomosas mine was the right decision and after 12 months of growth I am confident that the Company can deliver superior outcomes from the Plomosas mine. We will enter 2020 with a renewed focus and increased determination to achieve strong returns to shareholders.”

“These recent drill results continue a theme we saw in the last results, released in early November, of better grade times thickness on average than the current reserve,” said Brad Mercer, Capstone’s Senior Vice President of Operations and Exploration.

The Company is initially targeting a five to ten million tonne, shallow high grade Cu-Au resource localized along the strike length of the exposed skarn zone. Further work will examine the deeper potential of the mineralizing system including a potential Porphyry Cu-Au source for the shallow high-grade mineralization.

CEO John Lawrence said “Leach testing could be ready at Puerto Blanco by the end of December 2019, and it will also involve the processing of flotation concentrates at Madero. Typical shake down changes, transportation logistics, and a review of costs per ton of ore processed are anticipated. “

The amparo forces Grupo Mexico to respect the strike at the San Martin Sombrerete mine, Zacatecas. The First Collegiate Court on Labor Matters granted an amparo to the National Union of Mining, Metallurgical, Steel and Similar Workers of the Mexican Republic (SNTMMSSRM) that heads Napoleon Gomez Urrutia, which forces the company Mexico Group to respect the strike at the San Martin Sombrerete mine, Zacatecas.