VANCOUVER, Dec. 8, 2011 /CNW/ – Colibri Resource Corporation (“Colibri”) is pleased to update activities at the Ramard silver property (see www.colibriresource.com) located 100 km northeast of the city of Hermosillo, Sonora. In April and May of this year, a 2400 meter drill program was completed at the site. This fall, soil and rock chip grid sampling has been completed on over 10 square kilometers. This information is in addition to soil and rock chip sampling previously completed on the site. Updated information can be viewed at http://www.colibriresource.com/projects/ramard/.
In November, Colibri contracted SJ Geophysics to conduct an Induced Polarization survey for the property. This IP survey covers approximately 2000 hectares of the claim site; fieldwork will be completed by December 22. The survey will cover the LaBronca zone, location of the last drill program and areas to the southwest referred to as “Verde” and “Picacho” Zones. During the IP survey, Colibri geologists will also be completing geological mapping in areas covered by soil and rock grid. The induced polarization survey is being used to locate areas of anomalous-chargeability and resistivity, which are geophysical characteristics often associated with mineralization. Targets developed by the geophysical survey will be correlated with surface soil and rock chip samples, and geological mapping to verify previously identified drill locations and new drill targets. A 2000 meter diamond drill program will commence immediately upon completion of the I.P. survey and geologic mapping. This is scheduled to begin in January, 2012.
New CFO
Colibri is pleased to announce the appointment of Mr. Brian Lewicki, as the Company’s new CFO effective December 6, 2011. Mr. Lewicki, a Chartered Accountant, replaces Mr. Bill Walker who has resigned as CFO but will remain as a director of Colibri. Mr. Lewicki has been a CFO for private business, worked as a consulting accountant and been a Certified Accountant since 1994. Mr. Lewicki has provided financial, accounting, tax and compliance services to Colibri in the past as a consultant and is familiar with all aspects of Colibri’s financial reporting.
Lance Geselbracht, President of Colibri, stated: “I want to thank Bill Walker for over 5 ½ years of dedicated service to Colibri as CFO and look forward to continue serving with him on Colibri’s Board of Directors”.
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.
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Lance Geselbracht, P.E., President and Chief Executive Officer
Tel: (250) 755-7871
