Colibri core drilling cuts multiple intervals of gold-silver-copper-lead-zinc mineralization on Leon Project in first 2 holes.



    Listed TSX-V: CBI

    VANCOUVER, Jan. 21 /CNW/ - Colibri Resource Corporation has received
assays from core drilling of the first two holes on the Leon Project, Sonora,
Mexico. This project presents multiple targets including at least 4 separate
clusters of artesanal underground mine workings. Core drilling focused on the
Amarillas zone, a former producing mining camp. The Leon Project is held by an
option agreement between the Mexican subsidiary of Colibri, Minera Halcones SA
de CV and a private Mexican company to acquire 100% ownership of
5,800 hectares of mineral concessions.
    Drill targets on the Amarillas zone (see drill core location map posted
at www.colibriresourcecorp.com) cut intensely altered sericite - kaolinite
host rocks, quartz veins and stockwork quartz veinlets. Pyrite, chalcopyrite,
galena, sphalerite and arsenopyrite have been observed in the drill core.
Mineralization occurs as quartz veins containing gold-silver-copper-lead-zinc
and as disseminated intervals up to 30 meters wide. Core holes LEDH-1 and
LEDH-2 were targeted to cut across a zone of discontinuous outcrops of steeply
NW-dipping quartz-sericite veins and stockworks.

    
    ----------------------------------------------------------
    LEDH-01  525685 E  3305909 N  Az170  -50 degrees  297.75m
    ----------------------------------------------------------

    LEDH-1 cut 5 different zones of mineralization

      1) between 12.5 and 18 meters depth:

    -------------------------------------------------------------------------
    Sample      Au      Ag      Cu     Pb     Zn      from      To    width
                ppb     ppm     ppm    ppm    ppm                       m
    -------------------------------------------------------------------------
    LEDH-006     12     7.9     303   2067   3500       11     12.5    1.5
    -------------------------------------------------------------------------
    LEDH-007     14    41.1    9475    475   2497     12.5     14.3    1.8
    -------------------------------------------------------------------------
    LEDH-008      2     7.5     549    589   4174     14.3       16    1.7
    -------------------------------------------------------------------------
    LEDH-009      2     4.2     219    522   4858       16       18      2
    -------------------------------------------------------------------------

      2) between 28 and 32 meters:

    -------------------------------------------------------------------------
    Sample      Au      Ag      Cu     Pb     Zn      from      to    width
                ppb     ppm     ppm    ppm    ppm                       m
    -------------------------------------------------------------------------
    LEDH-015     24    15.5     534   1536  10409       28       30      2
    -------------------------------------------------------------------------
    LEDH-016      2    18.7    1268   1258   8602       30       32      2
    -------------------------------------------------------------------------

      3) between 54 and 58.65 meters:

    -------------------------------------------------------------------------
    Sample      Au      Ag      Cu     Pb     Zn      from      to    width
                ppb     ppm     ppm    ppm    ppm                       m
    -------------------------------------------------------------------------
    LEDH-029      9     9.7     193    976   2859       54    56.85   2.85
    -------------------------------------------------------------------------
    LEDH-030     50    87.2   12733    947   3939    56.85    58.65    1.8
    -------------------------------------------------------------------------

      4) between 174.15 and 174.15 meters:

    -------------------------------------------------------------------------
    Sample      Au      Ag      Cu     Pb     Zn      from      to    width
                ppb     ppm     ppm    ppm    ppm                       m
    -------------------------------------------------------------------------
    LEDH-088    682    78.6    3606   2478   8301   174.15    174.5   0.35
    -------------------------------------------------------------------------

      5) between 193.8 and 222 meters:

    -------------------------------------------------------------------------
    Sample      Au      Ag      Cu     Pb     Zn      from      to    width
                ppb     ppm     ppm    ppm    ppm                       m
    -------------------------------------------------------------------------
    LEDH-098     91    11.4     841    717   3591    193.8   196.35   2.55
    -------------------------------------------------------------------------
    LEDH-099     17     4.5     201    739   1790   196.35      198   1.65
    -------------------------------------------------------------------------
    LEDH-100      2     0.5      48    191    288      198      200      2
    -------------------------------------------------------------------------
    LEDH-101      5     1.9     132    475   1254      200      202      2
    -------------------------------------------------------------------------
    LEDH-102      2     0.5      71     41     50      202   203.75   1.75
    -------------------------------------------------------------------------
    LEDH-103      2     0.5      97    106    177   203.75   205.05    1.3
    -------------------------------------------------------------------------
    LEDH-104     53    32.4    6111    766   7273   205.05    206.2   1.15
    -------------------------------------------------------------------------
    LEDH-105      8     3.1     132    383    851    206.2    207.7    1.5
    -------------------------------------------------------------------------
    LEDH-106     31      48    4076   3956   4414    207.7   208.45   0.75
    -------------------------------------------------------------------------
    LEDH-107      7     3.4     156    314    868   208.45      211   2.55
    -------------------------------------------------------------------------
    LEDH-108      6     9.3     399    682   3001      211      213      2
    -------------------------------------------------------------------------
    LEDH-109      6     5.1     589    322   2102      213      215      2
    -------------------------------------------------------------------------
    LEDH-110      5     1.2     143    163   1295      215   217.15   2.15
    -------------------------------------------------------------------------
    LEDH-111     10    13.4    1409    572   7403   217.15   218.75    1.6
    -------------------------------------------------------------------------
    LEDH-112     24    20.2    1645   1836   5300   218.75   220.35    1.6
    -------------------------------------------------------------------------
    LEDH-113     22    10.5     627   4229   4502   220.35      222   1.65
    -------------------------------------------------------------------------


    ---------------------------------------------------------
    LEDH-02  525683 E  3305757 N  Az 170 -50 degrees  158.4m
    ---------------------------------------------------------

    LEDH-2 cut two zones of mineralization

      1) between surface and 19.5 meters:

    -------------------------------------------------------------------------
    Sample      Au      Ag      Cu     Pb     Zn      from      to    width
                ppb     ppm     ppm    ppm    ppm                       m
    -------------------------------------------------------------------------
    LEDH-152     18    13.9     689    860    867        0    12.45  12.45
    -------------------------------------------------------------------------
    LEDH-153     67    12.2     852   1446   3032    12.45     14.6   2.15
    -------------------------------------------------------------------------
    LEDH-154     85    10.8     185    503   4388     14.6     16.9    2.3
    -------------------------------------------------------------------------
    LEDH-155     33     0.5    1046    103   4520     16.9     18.5    1.6
    -------------------------------------------------------------------------
    LEDH-156   1223   134.2   20533   9285   7520     18.5     19.5      1
    -------------------------------------------------------------------------

      2) between 74.4 and 115.5 meters:

    -------------------------------------------------------------------------
    Sample      Au      Ag      Cu     Pb     Zn      from      to    width
                ppb     ppm     ppm    ppm    ppm                       m
    -------------------------------------------------------------------------
    LEDH-184     34     6.9     327    660   2166     74.4     77.3    2.9
    -------------------------------------------------------------------------
    LEDH-185     11       3      71    878   2150     77.3     79.3      2
    -------------------------------------------------------------------------
    LEDH-186      8     0.5      40    309    963     79.3     82.4    3.1
    -------------------------------------------------------------------------
    LEDH-187     37     8.9    2691    786   2979     82.4    84.45   2.05
    -------------------------------------------------------------------------
    LEDH-188     15     0.5      44    397    472    84.45     86.5   2.05
    -------------------------------------------------------------------------
    LEDH-189      3     0.5      34    166    180     86.5     88.5      2
    -------------------------------------------------------------------------
    LEDH-190     17     0.5      41    447    392     88.5     90.5      2
    -------------------------------------------------------------------------
    LEDH-191     23     3.5      63    766   1405     90.5     92.5      2
    -------------------------------------------------------------------------
    LEDH-192      7     0.5      38    207    198     92.5     94.5      2
    -------------------------------------------------------------------------
    LEDH-193     15     0.5      51    668   1173     94.5       97    2.5
    -------------------------------------------------------------------------
    LEDH-194     10     0.5      25     59     53       97       99      2
    -------------------------------------------------------------------------
    LEDH-195     16     2.2     183    941    894       99      101      2
    -------------------------------------------------------------------------
    LEDH-196      6     7.4     624   1641   5390      101   102.85   1.85
    -------------------------------------------------------------------------
    LEDH-197      7     0.5     161    386   1377   102.85    103.7   0.85
    -------------------------------------------------------------------------
    LEDH-198     19     0.5      26    660    890    103.7    105.5    1.8
    -------------------------------------------------------------------------
    LEDH-199     28     9.6     125   3998   4454    105.5   107.45   1.95
    -------------------------------------------------------------------------
    LEDH-200     34     3.6     100   1369   3368   107.45    109.5   2.05
    -------------------------------------------------------------------------
    LEDH-201    121    11.6     263   2066   7569    109.5    111.5      2
    -------------------------------------------------------------------------
    LEDH-202     64    12.8     342   1983   8839    111.5    113.5      2
    -------------------------------------------------------------------------
    LEDH-203     46     4.6     132   1106   3858    113.5    115.5      2
    -------------------------------------------------------------------------
    

    Highlights include the near surface mineralization encountered in both
holes:
    Between 11 and 18m in LEDH-1, 7 meters average 7 ppb gold, 15.3 ppm
silver, 0.27% copper, 0.085% lead and 0.38% zinc,
    And between 0 and 19.5m in LEDH-2, 19.5 meters average 94 ppb gold,
18.4 ppm silver, 0.21% copper, 0.13% lead, 0.22% zinc including 1 meter of
1.2 grams per tonne gold, 134.2 grams per tonne silver (equivalent to
4.3 ounces per metric tonne), 2.05% copper, 0.93% lead, 0.75% zinc between
18.5 and 19.5 meters depth
    The broad intervals of disseminated mineralization between 77.3 and
115.5 meters in LEDH-2 and 193.8 and 222 meters depth in hole LEDH-1 are
probably the same structure.
    Molybdenum and tungsten are also strongly anomalous in some of the
mineralized zones.
    The breadth and extent of mineralized intervals in these first 2 holes is
considered to be an encouraging indication of the size and potency of this
porphyry system. Assays are pending for holes 3 to 5. Drilling has begun again
following the Christmas break.
    The same silicified, sericitized structures have been traced for more
than 3 km strike length. The first phase of core drilling is focused on one
precious metals-rich zone of a large porphyry intrusive system that includes
the large copper-molybdenum rock and soil anomaly 2-3 km to the east of
current drilling, and the El Creston molybdenum deposit (see news releases of
Creston Moly Corp, TSX- CMS). Drilling was directed at -50 degrees across
structures that dip approximately 70 degrees hence sample widths are likely to
be close to true width.
    Each core sample is logged and cut in half with a diamond saw. Half of
the sample is taken to Sonora Sample Preparation Lab, Hermosillo, Mexico, and
then transported to Vancouver, B.C. Assays are conducted by International
Plasma Labs. The remaining half of the core sample is stored in Hermosillo.
    Exploration was conducted under the supervision of J.J. Irwin, B.Sc.,
Ph.D., 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.





For further information:

For further information: Visit our website at
www.colibriresourcecorp.com or call Lance Geselbracht, P.E., (250) 755-7871


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