EVELYN GOLD PROJECT
Summary
- Location:In the Caborca Orogenic Gold Belt
- A regionally significant & active gold mining district
- Numerous historic adits on property
- Historical & current artisanal placer mining activity on property
- Size:506 Hectares (5.06 Km²)
- Stage: Drill Exploration
- Targeting: 1 million ounce of gold (minimum) – open pit resource
- Ownership:100% owned (No NSRs)
- Work Completed:
- 5 hole diamond drill program
- Property wide magnetic survey
- Property wide soil survey
- Two phases of trench programs
- Significant trench results - including 41.0 g/t Au
- > 400 surface chip samples - including 43.9g/t Au
Location & Infrastructure
- Near a major highway (HWY #2)
- Infrastructure and support services are available in city of Caborca (pop. 60,000) – 60km SE of Evelyn
- Accommodation, electricity, internet/phone services available in Caborca
- Qualified & experienced local workforce
- Water is available nearby
- Accessible year round by maintained ranch roads
Regional Claims Map
Fresnillo owns in excess of 120k hectares in immediate area as part of a “district consolidation strategy” and is one of Mexico’s largest gold producers and the world’s largest silver producer.
Evelyn includes 4 operating and historic gold mines with 35km, and displays similarities to the structure, mineralization characteristics and also shows the presence of certain indicator minerals found at the La Herradura mine and Noche Buena Mine.
La Herradura Mine
- One of Mexico’s largest gold mines
- Open Pit – Heap leach
- Current Resource: 10.2 million oz Au
- 2018 Production: 474k oz Au
- Avg. grade: 0.80 g/t Au
- Operational since: 1997
Noche Buena Mine
- Open Pit – Heap leach
- Current Resource: 507k oz Au
- Original Resource: 2.2M oz Au
- 2019 Production: 127k oz Au
- Avg. Grade: 0.53 g/t Au
- Operational since: 2012
Samples Maps
Samples taken from Colibri’s 2019-2021 Exploration programs
Samples are grab samples of outcrop and subcrop from surface and from trenches
Topography Samples Map
Magnetic Samples Map
North West and North East trending structures are important controls on the gold distribution in the Caborca Gold Belt.
Samples Maps Over Induced Polarization Survey Results
Main Zone - Cerro Rojo Area
Next Steps
Near Term: (Spring/Summer 2021)
- Trenching (Ongoing)
- Ground truthing new geophysical interpretation (Ongoing)
- Geophysics - 3D Induced Polarization Survey (Ongoing)
- Interpretation/3D Modeling (Ongoing)
- Drilling (3rd quarter 2021)