Colibri Reports 223 Grams of Silver per Tonne, 3.2% Lead, and 8.6% Zinc over Four Metres in Diamond Drilling at the Ramard Property

VANCOUVER, June 18, 2012 /CNW/ - Colibri Resource Corporation ("Colibri" or the "Company") (TSX.V-CBI) is pleased to report results from the 2012 diamond drilling program at the Ramard Project near the town of Carbo in Sonora, Mexico. Drilling began at Ramard in the La Bronca Zone on March 6th and was completed on May 5th, 2012. A total of 2,291.8 metres were drilled in 13 holes by contractor Major Drilling de Mexico S.A. de C.V. Targets were tested over a 500 metre strike length in the La Bronca Zone.  A drill hole location map and additional information about the Ramard project can be found at http://www.colibriresource.com/projects/ramard/.

The 2012 diamond drilling program at La Bronca was designed to test several different targets. Six of the 2011 percussion drill holes were twinned in order to confirm sample results and mineralization controls. Other holes were designed to test structural controls on silver-lead-zinc mineralization and geophysical targets as defined by the 2011 I.P. survey.

The 2012 drilling indicates that there are several styles of silver-lead-zinc mineralization at La Bronca. Significant mineralization was controlled by steep northeast-dipping structures, disseminated parallel to sedimentary bedding, or disseminated near sediment-intrusive contacts. The structurally-controlled zones typically carry higher grade silver and base metal values over narrower intersections while the disseminated mineralization is of lower grade over larger intervals. Significant results are summarized in the table at the end of this news release. Please note that the sample intervals are core widths and do not represent true widths.

The highest silver values appeared where drill holes intersected strongly oxidized structures. The best intercepts of this type were:

Drillhole          From (m)   To (m)   Length (m)    Ag (g/t)   Pb (%)   Zn (%)
12RAM012    6.0   10.0   4.0   223.5   3.2   8.6
12RAM007    2.0   5.0   3.0   222.4   2.4   11.8
12RAM007        30.65   31.6   0.95   321.9   5.1   3.4
12RAM004    139.0   141.2   2.2   195.2   1.3   1.8
12RAM008       17.0   20.6   3.6   115.1   13.5   3.3
12RAM008       68.5   69.3   0.8   159.7   1.3   4.5
12RAM013    5.0   8.0   3.0   150.0   0.6   0.1
12RAM001    28.3   31.1   2.8   94.1   1.1   0.7

Examples of disseminated mineralization include:

Drillhole          From (m)   To (m)   Length (m)   Ag (g/t)   Pb (%)   Zn (%)
12RAM004    128.4   141.9   13.8   37.6   --   0.5
12RAM001     15.0   31.1   16.1   18.2   0.27   0.26
12RAM006         82.0   119.0   37.0   12.3   --   0.20

Gold and copper values were present in the drillholes, but were sporadic. In hole 12RAM003, a 0.85 metre intersection at 5.85 to 6.7 metres depth averaged 0.89 g Au/T, 80 g Ag/T, 9.0% Zn, and 5.7% Cu.

This drill program shows that significant zones of sediment-hosted silver-lead-zinc mineralization are distributed over a minimum 500-metre strike length. Multiple geochemical, geological, and geophysical targets remain to be tested in the roughly 4,000 hectare Ramard Property. The Company plans to continue fieldwork to advance several of these target areas for drill testing.

Sample Protocol

The company has a QA/QC protocol in place which includes the use of certified standards, blanks, and duplicate samples, and secure care and custody of samples.

Diamond drill core was logged, photographed, and then cut in half with a diamond saw under supervision of Company geologists. The Company maintained a secure chain of custody while transporting half-core samples to Inspectorate de Mexico S.A. de C.V.'s preparation facility in Hermosillo, Mexico. Inspectorate sent prepared sample pulps to the lab's analytical facility in Vancouver, British Columbia.

Samples were analyzed using Inspectorate's GEN-X 30 package, which includes gold analysis by fire assay and an atomic absorption finish, a package of 30 elements by aqua regia digestion and ICP-AES (induced coupling plasma - atomic emission spectroscopy), and mercury by cold vapour and an atomic absorption finish. Overlimit analyses for silver, copper, lead, and zinc are done using an aqua regia digestion and an atomic absorption finish. Inspectorate's quality control system complies with International Standards ISO 9001:2008 and meets all established criteria as related to reporting requirements for mining and exploration companies under National Instrument, NI-43-101.

Company Information

Colibri Resources is a Canadian exploration company focused on the exploration and development of base and precious metal projects in Mexico. Cary Pothorin, P.Geo., a qualified person as defined in National Policy 43-101, is responsible for all technical information contained in this news release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents herein.

Disclosure Regarding Forward-Looking Statements: This press release contains certain "Forward-Looking Statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are disclosed in the Corporation's documents filed from time to time with the TSX Venture Exchange and, among others, the British Columbia Securities Commission as well as under the heading "Risk Factors" in the Company's annual and interim Management Discussion and Analysis.

TABLE OF SIGNIFICANT RAMARD 2012 DIAMOND DRILL INTERCEPTS

HOLE
NUMBER
FROM
(m)
TO
(m)
WIDTH
(m)
Au
(g/T)
Ag
(g/T)
Pb
(%)
Zn
(%)
Cu
(%)
                 
12RAM001 15.00 31.10 16.10 - 18.21 0.27 0.26 -
   including 28.30 31.10 2.80 - 94.12 1.13 0.66 -
  99.27 100.22 0.95 - 75.00 1.76 4.21 -
                 
12RAM002 18.00 24.00 6.00 - 5.58 0.02 0.22 -
                 
12RAM003 5.85 6.70 0.85 0.897 80.00 0.20 9.00 5.70
  83.80 97.60 13.80 - 6.14 0.02 0.16 -
  104.15 110.00 5.85 - 1.17 - 0.02 -
                 
12RAM004 128.10 141.90 13.80 - 37.65 0.23 0.50 0.05
   including 139.00 141.20 2.20 0.130 195.20 1.26 1.76 0.08
                 
12RAM005 51.85 60.00 8.15 - 19.98 0.08 1.27 0.06
   including 51.85 54.10 2.25 - 56.89 0.22 1.43 -
  115.20 118.95 3.75 - 30.77 1.29 1.52 -
                 
12RAM006 82.00 119.00 37.00 - 12.34 0.03 0.20 -
   including 92.25 92.70 0.45 0.547 132.40 1.14 3.15 0.43
            and 117.00 118.00 1.00 - 116.90 0.26 0.23 -
  159.85 216.55 56.70 - 2.14 0.01 0.64 -
                 
12RAM007 0.00 8.95 8.95 0.080 120.06 1.15 6.16 0.04
   including 2.00 5.00 3.00 0.230 222.41 2.45 11.89 0.10
  30.65 91.00 60.35 - 6.27 0.09 0.16 -
   including 30.65 31.60 0.95 0.140 321.90 5.10 3.49 -
                 
12RAM008 0.00 30.50 30.50 - 25.09 2.05 1.48 0.19
   including 17.00 20.60 3.60 - 115.17 13.58 3.36 1.02
  36.90 47.10 10.20 - 4.56 0.26 0.37 0.01
  68.50 69.30 0.80 0.060 159.70 1.27 4.49 -
                 
12RAM009 0.00 54.90 54.90 - 10.76 0.13 0.31 -
   including 15.25 21.95 6.70 - 85.66 0.95 0.22 0.01
                 
12RAM010 175.00 177.45 2.45 - 21.79 0.04 0.19 -
                 
12RAM011 18.80 24.00 5.20 - 20.91 0.27 0.29 -
  114.80 128.00 13.20 - 9.75 0.05 0.61 -
   including 121.00 122.00 1.00   58.90 0.30 0.12  
                 
12RAM012 6.00 10.00 4.00 0.020 223.55 3.28 8.69 -
  24.00 32.00 8.00 0.040 4.16 0.01 0.66 0.16
   including 28.00 29.00 1.00 0.282 14.80 - 2.10 0.68
                 
12RAM013 0.00 103.70 103.70 - 8.20 0.01 0.52 0.07
  0.00 18.30 18.30 - 39.36 0.02 2.15 0.27
   including 4.00 11.00 7.00   83.41 0.02 0.82 0.35
   including 5.00 8.00 3.00 - 149.96 0.01 0.61 0.07

NOTE - Sample intervals are core widths and do not represent true widths.

RAMARD DIAMOND DRILL HOLE LOCATIONS

HOLE UTM N UTM E EL m AZ INCL TOTAL
  NAD 27 MEX DATUM       DEPTH
12RAM001 3285435.823 518569.796 597.655 235.00 -50.00 302.15
12RAM002 3285399.638 518798.905 587.998 225.00 -50.00 311.05
12RAM003 3285306.857 518726.895 606.534 50.00 -70.00 199.05
12RAM004 3285700.474 518500.793 584.368 315.00 -50.00 152.50
12RAM005 3285679.061 518383.468 592.608 225.00 -50.00 152.50
12RAM006 3285639.866 518489.248 578.115 225.00 -50.00 305.00
12RAM007 3285412.105 518537.884 601.810 0.00 -90.00 125.00
12RAM008 3285381.528 518472.538 594.944 0.00 -90.00 111.65
12RAM009 3285475.399 518445.299 592.370 0.00 -90.00 54.90
12RAM0010 3285530.379 518521.680 580.474 225.00 -50.00 198.25
12RAM0011 3285404.839 518685.823 599.905 225.00 -50.00 191.10
12RAM0012 3285766.100 518450.604 595.267 0.00 -90.00 85.00
12RAM0013 3285801.564 518586.091 583.316 230.00 -60.00 103.70

 

 

 

SOURCE Colibri Resource Corporation

For further information:

Lance Geselbracht, P.E., President and Chief Executive Officer
Tel: (250) 755-7871

Investor Relations are provided by Longwave Group. Please contact Jay Rogers at (778) 294 4287.


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890