12:55 PM EDT, 06/03/2021 (MT Newswires) -- Colibri Resource Corp. (CBI.V) said Thursday that its option partner Silver Spruce Resources Inc. (SSE.V) will be starting its planned Phase 1 reverse circulation drill program on the companies' El Mezquite Au-Ag Property.
This is the first-ever drilling at El Mezquite. On last look on Thursday, the company's shares remained unchanged, while Silver Spruce shares rose 7.1%.
Phase 1 drilling planned by Silver Spruce will consist of a minimum of 2,000 meters of RC drilling to be completed from 8 drill pads.
The first phase of the drill program has been planned to test northeast-southwest trending structures defined by geological mapping and sampling and supplemented by lineament analyses and to test the results of an Induced Polarization survey previously completed by the company.