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Colibri Resource 's partner, Tocvan Ventures, has initiated infill drilling at the Pilar Gold and Silver Project in Sonora, Mexico. The drilling campaign aims to delineate a maiden resource estimate for the Pilar Main Zone, with significant drilling planned for known mineralized areas and exploration targets. The project is fully permitted, with the first drill hole already underway, following promising results from previous drilling. This development signifies a positive step towards resource definition and project advancement, coinciding with favorable gold prices in the market.
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3.51%
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Colibri Resource (CRUCF) announces a joint venture with Tocvan Ventures Corp. on the Pilar Gold and Silver Project. Tocvan opts not to exercise Right of First Refusal, leading to a 51% Tocvan / 49% Colibri JV. Positive advancements in project value, bulk sample head grade of 1.9 g/t Au, encouraging recovery factors, and potential mineralization expansion.
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Colibri Resource Corporation provides an update on exploration activities at the EP Gold Project, highlighting the completion of an airborne magnetic survey, geological mapping, and outcrop sampling. The survey covered 1,385 hectares, revealing NW-SE and NE-SW oriented lineaments characterizing the Caborca Gold Belt structural fabric. The company identified 14 target areas for exploration, prioritizing 4 for drilling. Notable results include the identification of potential new target areas and fault bounded litho-structural domains.
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Colibri Resource Corporation (TSXV: CBI) appoints Doug Coleman, a prominent mining and exploration executive, to its Advisory Board. Mr. Coleman, currently the Head of Mexico for Appian Capital Advisory LLP, brings over 30 years of experience in mining exploration in Mexico and is well-connected within the industry. The company also announces the issuance of 2.85 million stock options with a strike price of $0.06 to its Board of Directors, employees, and a consultant.
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Colibri Resource Corporation has contracted Geo Digital Imaging de Mexico, S.A. de C.V. to complete a high-definition magnetic survey covering the highest priority targets identified on the Plomo claims of its flagship EP Gold project. The survey is expected to assist in selecting hole locations for Colibri's inaugural drilling program at the Plomo in Q2 2024. The aerial magnetic survey of up to 1373.5 hectares will be completed using a DRONEmag magnetic sensor. The survey is already underway and is expected to take approximately 10 days to complete in the field.
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124.14%
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Colibri Resource Corporation (CBI) and Silver Spruce Resources Inc. (SSE) are pleased to announce an application to drill up to 1,000 meters on the Diamante Gold & Silver Project in eastern Sonora. The drill program aims to test newly prioritized target areas and follow up on positive drill results from the 2022 campaign. The companies expect the permit to be granted within the next three weeks, with the drilling program to commence soon after. Ian McGavney, President & CEO of Colibri, expressed optimism about the upcoming drill program and the company's various projects in Sonora, including the flagship EP Gold Project.
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Colibri Resource Corporation (TSXV: CBI) (OTC Pink: CRUCF) announces the discovery of a promising new zone of gold mineralization on the Evelyn property at the EP gold project located in the Caborca Gold Belt, NW Sonora. The discovery of the West Sahuaro Zone is the thickest, most continuous, and highest grade gold mineralization intersected to date on the Evelyn property.
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-0.33%
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Colibri Resource Corporation (CBI) and Silver Spruce Resources Inc. (SSE) have reported the discovery of new Gold-Silver showings on the Diamante property. The assays include 3.52 g/t Au and 197 g/t Ag from outcrop grab samples in previously untested areas. Recent exploration at Diamante II has been focused on property-wide geological mapping, evaluation, and sampling of historical showings, with highlights of the 2023 work including the discovery of new mineralized showings in the southern and northern parts of the concession. The Diamante property is comprised of the Diamante I and Diamante II concessions, containing numerous historical artisanal and small-scale mining sites. Colibri and Silver Spruce commenced exploration on the Diamante property in 2021 and completed the first-ever drill program on the Diamante property at the prioritized El Pillado and La Prieta targets located on Diamante I during 2022.
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Colibri Resource Corporation provides an update on its exploration and corporate activities.
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Colibri Resource Corporation completes Phase 3 drilling campaign in Sonora Mexico
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COLIBRI RESOURCE ORD OLD
OTC:CRUCF
CRUCF Rankings
CRUCF Stock Data
3.89M
76.70M
22.31%
Dimension Stone Mining and Quarrying
Mining, Quarrying, and Oil and Gas Extraction
United States of America
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