The drilling program is focused on the exploration of the 100% owned, 1,200-hectare, Lac La Croix project in Quebec, Canada.
The Lac La Croix Project Overview
The Lac La Croix project is a significant exploration target located in the James Bay Lowlands of Quebec, Canada. The project is situated approximately 200 kilometers north of the city of James Bay and is surrounded by a large, unexplored region of the Canadian Shield. The project’s 1,200-hectare land package is comprised of multiple geological formations, including the Lac La Croix Group, the Superior Province, and the Grenville Province.
Drilling Program Update
The diamond drilling program is a crucial component of the Lac La Croix project’s exploration strategy. The program is designed to test the geological potential of the project and to identify potential mineralization. The drilling program has been ongoing for several months, with six holes now completed and a seventh hole currently underway.
Drilling Results
This will provide a more comprehensive understanding of the mineralization and help guide future exploration efforts.
The Diamond Core Drilling Program
The diamond core drilling program is a crucial component of the Pilar project’s exploration strategy.
The system is characterized by a series of shallow to intermediate depth deposits, with the majority of the deposits being shallow.
Characteristics of Pilar
Exploration and Drilling
8 g/t gold, including 8.9 m of 1.1 g/t Au and 12 g/T silver. 86.9 m of 0.7 g/t gold, including 8.2 m of 0.9 g/t Au and 10 g/T silver.
2020 phase 1 RC drilling highlights include 1.6 m of 10.1 g/t Au and 1.8 m of 10.5 g/t Au.
Introduction
The 2020 phase 1 reverse circulation (RC) drilling program at the Golden Arrow project in British Columbia, Canada, has yielded significant results, providing valuable insights into the geological setting and mineralization of the property. The Golden Arrow project is a copper-gold-silver deposit located in the heart of the Canadian Copper Belt, an area known for its rich mineral deposits. The project’s potential for hosting a large, high-grade copper-gold-silver deposit has been a major focus of exploration efforts.
Geology and Setting
The Golden Arrow project is situated within the Canadian Copper Belt, a region characterized by a complex geological history, including multiple phases of tectonic activity and volcanic activity. The project’s geology is dominated by a series of volcanic and sedimentary rocks, including andesites, rhyolites, and conglomerates. These rocks have been subjected to multiple episodes of deformation, metamorphism, and alteration, resulting in a complex and varied geological setting.
62% of gold is recovered from 1 tonne of ore, with 1 tonne of ore yielding 0.62 tonnes of gold. 46-day leaching period is the longest leaching period achieved to date. Leaching process is a complex process that involves multiple stages and requires careful planning and execution. The leaching process involves the use of a solvent to extract gold from the ore. The solvent is applied to the ore in a controlled manner, and the resulting mixture is then subjected to various treatment processes to separate the gold from the other minerals.
Introduction
The Pilar bulk sample summary is a significant achievement in the field of gold extraction. The 62-per-cent recovery of gold over a 46-day leaching period is a testament to the effectiveness of the leaching process.
2) 100% of the El Pilar Project, located in the state of Sonora, Mexico. 3) 100% of the La Piedad Project, located in the state of Michoacan, Mexico. 4) 100% of the La Cumbre Project, located in the state of Durango, Mexico.
Company Overview
Colibri is a Canadian-based mineral exploration company with a strong focus on acquiring, exploring, and developing prospective gold and silver properties in Mexico. The company’s primary goal is to identify and develop high-grade gold and silver deposits in the country’s most significant mining regions.
Key Projects
This press release may contain forward-looking statements, including but not limited to, statements regarding the Company’s future financial performance, growth prospects, and strategic plans.
The Future of Renewable Energy: A Bright Horizon
The world is on the cusp of a revolution in the way we generate and consume energy. Renewable energy sources, such as solar and wind power, are becoming increasingly cost-competitive with fossil fuels, making them an attractive option for countries and companies looking to reduce their carbon footprint and transition to a more sustainable future.
The Rise of Renewable Energy
Renewable energy has been gaining momentum in recent years, driven by declining costs, technological advancements, and growing public awareness of the need to address climate change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238687 SOURCE: Colibri Resource Corporation
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