Colibri Resource Stock Price, News & Analysis

Colibri Resource Corporation (TSXV: CBI) has received TSX Venture Exchange approval for a 5:1 share consolidation, effective June 13, 2025. The consolidation will reduce the company's outstanding shares from 115,417,625 to approximately 23,083,525 shares. The company will maintain its current name and trading symbol, but has obtained a new CUSIP (194168407) and ISIN (CA194168407). Fractional shares will be rounded up if at least half a share, and down if less than half. Exercise prices and share amounts for convertible securities will be adjusted proportionally. Registered shareholders will receive instructions from Computershare Investor Services Inc. for exchanging share certificates, while holders of DRS/Book or brokerage accounts require no action.

Colibri Resource Corporation (TSXV: CBI) has announced strategic developments to strengthen its position in the mining sector. The company has increased its ownership in the Diamante Gold-Silver Project in Sonora, Mexico to 60% and plans to acquire the remaining interest from joint venture partner Silver Spruce Resources. Key highlights include:

- Acquisition of Silver Spruce's 50% stake in Yaque Minerales in exchange for $80,000 in outstanding exploration expenditures
- Sale of 50% interest in the Jackie Project to Silver Spruce for $25,000 in shares plus 1% NSR royalty
- Implementation of a 5:1 share consolidation, reducing outstanding shares from 115.4M to approximately 23.1M

Recent drilling results at Diamante revealed significant gold-silver mineralization, with highlights including 9.0 meters at 2.48 g/t Au and 56.70 g/t Ag at the La Prieta Target. The project is strategically located in the Sierra Madre region, near several producing mines.

Colibri Resource (TSXV: CBI) has announced results from the final three holes of a 10-hole diamond drilling program at the El Pilar Gold & Silver Project in Sonora, Mexico. The company holds a 49% interest alongside 51% partner Tocvan Ventures.

Key highlights include:

• Extension of Main Zone by 70 meters south with high-grade results
• Drill hole JES-25-112 returned 7.2 g/t Au and 80 g/t Ag over 2.6 meters
• Broader mineralization zone averaging 0.5 g/t Au over 46.9 meters from 54.5 meters depth
• Core duplicate analysis showed 18 g/t Au over 1.1 meters, indicating presence of coarse gold

The company plans to advance a maiden resource estimate and is finalizing plans for an upcoming up to 50,000-tonne test mine/bulk sample. Previous metallurgical studies showed promising recovery rates of 95-99% for gold and 73-97% for silver through gravity recovery with agitated leach.

Colibri Resource (TSXV: CBI) has successfully closed the second and final tranche of its non-brokered private placement, raising $146,500. Combined with the first tranche from February 11, 2025, the total proceeds amount to $286,900.

The offering consisted of units comprising one common share and one warrant, with each warrant allowing purchase of an additional common share at C$0.05 for 24 months. In total, 11,476,000 common shares and warrants were issued. The company paid $2,000 in finder's fees and issued 80,000 finder's warrants.

Proceeds allocation:

• 20% for exploration at Mexican precious metals projects
• 65% for creditors and loan interest payments
• 15% for non-arm's length party expense reimbursements

Three insiders participated, investing $82,475 for 3,299,000 units.

Colibri Resource (TSXV: CBI) has announced significant drilling results from its El Pilar Gold & Silver Project in Sonora, Mexico, where it holds a 49% interest alongside partner Tocvan Ventures (51%). The highlight is a new high-grade gold-silver discovery located 300 meters east of the Main Zone, along the North Hill Trend.

Key findings include:

• Hole JES-25-108: 21.6 g/t gold and 209 g/t silver over 3.0 meters (from 8.3m depth)
• Broader mineralization of 1.2 g/t gold and 14 g/t silver over 64.9 meters from surface
• Additional discovery in Hole JES-25-107: 0.2 g/t gold and 5 g/t silver over 108.2 meters from surface

The company plans to incorporate this new discovery into their upcoming 50,000-tonne test mine/bulk sample program. The high-grade mineralization is hosted within a highly fractured near-surface fault zone with associated quartz veining, making it potentially accessible through future trenching operations.

Colibri Resource (TSXV: CBI) has announced significant drill results from its El Pilar Gold & Silver Project in Sonora, Mexico, where it holds a 49% interest alongside partner Tocvan Ventures (51% ownership). The latest core drilling results revealed notable intersections including 1.6 g/t gold over 36.3 meters from surface, contained within a broader zone of 66 meters at 1.0 g/t gold.

Key highlights from hole JES-25-105 include high-grade sections of 15.2 g/t gold over 1.2 meters and 5.8 g/t gold over 3.0 meters. The mineralization extends from surface to 97.4 meters, averaging 0.7 g/t gold. These results represent an improvement over historic drilling in the area.

The company completed a 10-hole diamond drilling program totaling 1,167.5 metres, with results pending for six additional holes. The drilling is part of preparations for a planned 50,000-tonne test mine/bulk sample, with the company targeting development in early 2025.

Colibri Resource (TSXV: CBI) has announced an extension to the closing date of its non-brokered private placement to March 28, 2025, following increased investor interest. The offering, initially announced on January 17, 2025, aims to raise up to $250,000 through the sale of 10 million units at $0.025 per unit.

Each unit consists of one common share and one warrant, with warrants exercisable at C$0.05 for 24 months after issuance. A first tranche closed on February 13, 2025, raising $140,400. Company insiders may participate in the offering, which would constitute a related party transaction under MI 61-101, though expected to be exempt from formal valuation and minority shareholder approval requirements.

Colibri Resource (TSXV: CBI) has announced significant drill results from its El Pilar Gold & Silver Project in Sonora, Mexico. The company, holding a 49% interest alongside partner Tocvan Ventures (51%), reported impressive findings from the first two holes of a recent 10-hole diamond drilling program totaling 1,167.5 metres.

Key highlights include:

• Hole JES-25-104 yielded 10.3 g/t Au over 9.7m, including 60.6 g/t Au over 1.6 meters at 87.8 meters depth
• Broad mineralization zone averaging 1.3 g/t Au over 83.5 meters from 14.1 meters below surface
• Northwestern Hole JES-25-103 returned 3.7 meters of 0.4 g/t Au, 39 g/t Ag, and 2.6% Cu

The company plans to advance the project with an up to 50,000-tonne bulk sample/test mine and a maiden resource estimate in 2025. Previous metallurgical studies showed promising recovery rates of 95-99% for gold and 73-97% for silver through gravity recovery with agitated leach.

Colibri Resource has completed 1,122 meters of diamond drilling across 10 holes at its El Pilar Gold & Silver Project in Sonora, Mexico, where it holds a 49% interest alongside Tocvan Ventures (51%). Samples from the first three drill holes have been sent for laboratory analysis.

The drilling program aims to infill and expand known mineralization corridors, contributing to a maiden resource estimate and Preliminary Economic Assessment for Pilar's Main Zone. Core samples show promising indicators of gold & silver mineralization, though assay results are pending.

The joint venture is planning a pilot mine facility to process up to 50,000 tonnes of material, building on successful 2023 bulk sample results that demonstrated strong gold and silver recovery through various methods. Historic drilling highlights include intersections of up to 116.9 metres at 1.2 g/t gold, with some sections reaching 12 g/t Au and 23 g/t Ag.