Colibri intersects more high grade near surface mineralization at Ramard; 974 grams per tonne silver, 12.4% lead, and 1.8% zinc at 5 meters depth, plus 365 gpt silver, 4.85% lead, 19.46% zinc at 7 meters.

VANCOUVER, June 7, 2011 /CNW/ - Colibri Resource Corporation is pleased to report more results of a 2000 meter drilling program at the Ramard silver project, in Sonora, Mexico. The Ramard property (see www.colibriresource.com) consists of over 4000 hectares of mineral concessions located 100 km north of the city of Hermosillo, Sonora, wholly owned by Colibri's Mexican subsidiary, Minera Halcones.  The Ramard property contains numerous historical artisanal silver mine workings. Assays have been returned from holes 11-16 of 28 drill holes.

All holes were drilled across a gently dipping skarn/manto formation and are believed to be close to true width (within 10%).

Notable intercepts include:

BRAPD11 intersected 52 meters averaging 11.6 parts per billion (ppb) gold, 10.9 grams per tonne (gpt) silver, 0.13% lead, 0.16% zinc between surface and 50 meters depth including 2 meters of 100 ppb gold, 117.3 (gpt) silver, 0.8% lead, 1.5% zinc between 50 and 52 meters depth.

BRAPD12 cut 5 meters of 65 ppb gold, 76 (gpt) silver 3.56% lead, 2.76% zinc between 16 and 21 meters depth,

BRAPD14 cut 21 ppb gold, 31.6 (gpt) silver, 0.26% copper, 1.07% zinc between surface and 25 meters depth,

BRAPD15 cut 27 ppb gold, 129 grams per tonne silver, 1.88% lead, 2.76% zinc between surface and 17 meters depth including 4 meters of 77 ppb gold, 397.5 (gpt) silver (12.8 troy ounces per metric tonne), 5.45% lead, 8.8% zinc between 5 and 9 meters depth, including 1 meter of 230 ppb gold, 974.6 (gpt) silver (31.4 troy ounces per metric tonne), 12.43% lead, 1.81% zinc between 5 and 6 meters depth plus 36ppb gold, 365 (gpt) silver (11.8 troy ounces per metric tonne), 4.85% lead, 19.46% zinc between 7 and 8 meters depth.  This hole was terminated at 17 meters depth due to difficult drilling conditions and restarted 5 meters away at an inclination of -60 degrees and yielded comparable results,

BRAPD16 cut 7 meters of 25.6ppb gold, 196.3 (gpt) silver, 2.87% lead, 3.49% zinc between 3 and 10 meters depth, including 132 ppb gold, 770 (gpt) silver (24.8 troy ounces per metric tonne), 11% lead, 13.4% zinc between 6 and 7 meters depth.

BRAPD Drill Borings-April 2011

                                         
Drill Hole   UTM   Incline (º)   Total Depth (meters)   Drill Interval (meters)   Width (meters)   Gold (ppb)   Silver (gpt)   Copper (percent)   Lead (percent)   Zinc (percent)
BRAPD11       -70   99m   0-52m   52m   12   10.9   <0.01   0.13   0.16
    518387E           17-52m   35m   16   13.0   <0.01   0.11   0.13
    3285494N           50-52m   2m   100   117.3   <0.01   0.80   1.50
                                         
BRAPD12       -90   100m   16-21m   5m   65   76.0   <0.01   3.56   2.76
    518398E           18-19m   1m   154   204.3   <0.01   13.45   8.14
    3285742N                                    
BRAPD13       -90   99m   18-20m   2m   <5   1.4   <0.01   0.14   1.38
    518379E                                    
    3285712N                                    
BRAPD14       -70   67m   0-50m   50m   15   18.5   0.15   0.03   0.67
    518585E           0-25m   25m   21   31.6   0.26   0.05   1.07
    3285800N           0-10m   10m   38   62.4   0.56   0.06   1.05
                13-14m   1m   28   211.8   1.11   0.07   1.12
                                         
BRAPD15       -90   17m   0-17m   17m   27   129.1   <0.01   1.88   2.76
    518454E           3-17m   14m   32   156.4   <0.01   2.27   3.31
    3285770N           5-9m   4m   77   397.5   <0.01   5.45   8.80
                5-6m   1m   230   974.6   <0.01   12.43   1.81
                7-8m   1m   36   365.0   <0.01   4.85   19.46
                                         
BRAPD16       -90   99m   3-10m   7m   26   196.3   <0.01   2.87   3.49
    518455E           5-7m   2m   90   592.0   0.01   9.98   8.10
    3285765N           6-7m   1m   132   770.1   <0.01   11   13.44

Holes BRAPD14, 15 and 16 are more than 500 meters distant from BRAPD9 which contains comparable concentrations of silver, lead and zinc (see news release of May 27, 2011), an indication of the size and scope of this system.

These results further demonstrate the potential of the Ramard project, with both high grade manto horizons plus disseminated silver, gold, lead, zinc. 

Access on the project is excellent, with a paved road less than 1 km from the drill sites and the railhead at the town of Carbo less than 10 kilometers distant. The company is waiting for analyses of the remainder of the drill holes.

Drilling was conducted using a direct circulation, rotating hammer, track mounted rig and Ingersoll Rand 750 cfm compressor.  Drill hammer width is 4.5 inches.  Samples were collected in a cyclone at one meter intervals and split with a Jones splitter.  All samples were split on site with half of the sample kept for archival purposes.   At least one duplicate sample was collected from all holes.  Samples were taken directly to Inspectorate Laboratory sample preparation lab in Hermosillo, Sonora at the end on each days drilling.  Sample pulps were analyzed by Inspectorate in their laboratory in Richmond, British Columbia using AuAg-1AT-GV for gold and silver and BM-AR-OR for copper, lead and zinc, quantitative procedures designed for ore grade samples.

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.

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

 

 

SOURCE Colibri Resource Corporation

For further information:

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


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.