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Colibri Resource Stock Price, News & Analysis

CRUCF OTC

Welcome to our dedicated page for Colibri Resource news (Ticker: CRUCF), a resource for investors and traders seeking the latest updates and insights on Colibri Resource stock.

Colibri Resource Corporation (CRUCF) maintains an active portfolio of gold and silver exploration projects in Mexico's premier mining regions. This page aggregates official updates from the company's EP Gold and Pilar Gold & Silver projects, including drilling results, resource estimates, and strategic developments.

Investors and industry observers will find verified updates on reverse circulation drilling programs, geological modeling advancements, and partnership initiatives with key players like Tocvan Ventures. The curated news selection emphasizes operational milestones, technical reports, and corporate announcements that impact the company's exploration trajectory.

Content highlights include progress reports from the Caborca Gold Belt operations, analyses of epithermal system discoveries, and updates on bulk sampling initiatives. All materials adhere to NI 43-101 standards and quality-controlled data verification processes.

Bookmark this page for streamlined access to CRUCF's evolving exploration narrative, with new developments added as they become publicly available through official channels.

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Colibri Resource (CBI: TSXV) has announced supplemental details for its non-brokered private placement offering announced on January 17, 2025. The company plans to issue up to 10 million units at $0.025 per unit, targeting gross proceeds of up to $250,000. Each unit includes one common share and one warrant, with warrants exercisable at $0.05 per share for 24 months.

The proceeds allocation is structured as follows: 20% for exploration at Mexican precious metals projects including Pilar Gold and EP Gold Projects, 65% for arm's length creditors and loan interest payments, and up to 15% for reimbursing non-arm's length parties. The offering is expected to close mid-February 2025, subject to TSX Venture Exchange approval, with securities subject to a four-month hold period.

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Colibri Resource (TSXV: CBI) has provided an update on its diamond drilling program at the El Pilar Gold & Silver Project in Sonora, Mexico, where it holds a 49% interest alongside Tocvan Ventures (51%). Six holes have been completed, totaling 672.2 metres, with a seventh hole currently in progress. Initial cores have been logged and are being prepared for geochemical analysis.

The project has shown promising historical drill results, including highlights such as 116.9 metres of 1.2 g/t gold, 108.9 metres of 0.8 g/t gold, and 94.6 metres of 1.6 g/t gold. Metallurgical testing has demonstrated strong recovery rates, with 62% gold recovery over a 46-day leaching period and gravity recovery tests showing 95-99% gold recovery.

The Pilar property is interpreted as a structurally controlled low-sulphidation epithermal system, with mineralization extending along a 1.2-kilometre trend, of which only half has been drill tested.

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Colibri Resource (TSXV: CBI) has announced a new non-brokered private placement offering of up to 10 million units at $0.025 per unit, aiming to raise up to $250,000. Each unit includes one common share and one warrant, with warrants exercisable at $0.05 per share for 24 months.

The proceeds will fund exploration at the company's Mexican precious metals projects, including the Pilar Gold Project and EP Gold Project. The offering is expected to close in mid-February 2025, potentially in multiple tranches.

Additionally, Colibri received final TSX Venture Exchange acceptance for its previous private placement, which raised $305,500 through the sale of 6,110,000 units, correcting earlier disclosure that stated 550,000 units had been sold. These units included warrants exercisable at $0.075 for 24 months.

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Colibri Resource and partner Tocvan Ventures have initiated a 1,250-metre diamond core drilling program at the Pilar Gold & Silver Project in Sonora, Mexico. The company plans a test mine/bulk sample of up to 50,000 tonnes in Q3 2025, with ground preparation starting in Q1 2025.

The Pilar property has demonstrated significant drilling results across three primary zones: Main Zone, North Hill, and 4-T. Notable highlights include intersections of 116.9 metres at 1.2 g/t gold and 94.6 metres at 1.6 g/t gold. Previous metallurgical testing showed promising recovery rates, with 62% gold recovery over a 46-day leaching period and up to 99% gold recovery in gravity recovery with agitated leach tests.

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Colibri Resource (TSXV: CBI) and Silver Spruce Resources have reported drilling results from their Diamante property in Sonora, Mexico. The highlight discovery includes an intercept of 94.80 g/t Ag, 0.08 g/t Au, 2.89% Pb, and 1.12% Zn over 2.50 metres.

The 2024 drill program completed 7 diamond drill holes totaling 800m across multiple zones including El Pillado, La Prieta, and El Mezquite-Raisudo. Despite encountering difficulties with core quality and recovery, successful results were obtained at El Pillado South, where drilling targeted a large color anomaly and intersected significant mineralization.

The program faced challenges with poor core quality and recovery, particularly in mineralized zones, which detailed evaluation and interpretation of results. However, the sampling confirms the presence of mineralization consistent with visual observations.

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Colibri Resource and partner Tocvan Ventures will begin a 1,250-metre diamond core drilling program at the Pilar Gold & Silver Project in Sonora, Mexico in early January 2025. The drilling will focus on the Main Zone to develop a geological model for an upcoming maiden resource estimation.

The companies are planning a 50,000-tonne bulk test mine sample scheduled for next year, with ground preparation expected in Q1 2025. The test mine is projected to recover 800-1,400 ounces of gold and 5,000 ounces of silver, based on previous bulk sample results that showed 62% gold recovery and 50% silver recovery. The test mine facility is budgeted at USD $1.7 million.

Additionally, Colibri announced the closure of its private placement, selling 550,000 units for aggregate proceeds of $305,500, with each unit consisting of one common share and one warrant at $0.075 for 24 months.

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Colibri Resource (TSXV: CBI) has announced an extension of its non-brokered private placement offering. The company aims to raise up to CDN$450,000 by issuing up to 9,000,000 units at CDN$0.05 per unit. Each unit consists of one common share and one whole non-transferable warrant, exercisable at CDN$0.075 per share for 24 months. The offering's closing date has been extended to November 3, 2024.

A first tranche closed on September 6th, 2024, raising $305,500. The offering has received conditional approval from the Exchange, with final approval pending. Proceeds will fund exploration expenses at Colibri's precious metals projects in Mexico, including the Pilar and EP gold projects, and for working capital. The securities are subject to a four-month and one-day statutory hold period and are not registered under U.S. securities laws.

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Colibri Resource (TSXV: CBI) has closed the first tranche of its non-brokered private placement, raising $305,500. The offering consists of units priced at $0.05, each comprising one common share and one warrant exercisable at $0.075 for 24 months. Insiders participated, acquiring 550,000 units for $27,500. The company also sold its RC Drill Rig for USD $395,000 in cash and drill credits.

Proceeds will fund exploration at Colibri's Mexican precious metals projects, including the Pilar and EP gold projects. At the EP Gold Project's San Perfecto target, characterized by a 1,250m by 700m mineralized footprint, the company plans its first drilling program. Historical sampling has shown promising gold values, with 15% of samples returning over 1.00 g/t Au, up to 58.9 g/t Au in some areas.

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Colibri Resource (TSXV: CBI) (OTC Pink: CRUCF) has reported promising results from geological mapping and outcrop sampling at its EP gold project in the Caborca Gold Belt, NW Sonora, Mexico. Key highlights include:

1. San Perfecto target: Samples returned values up to 2.99 g/t Au, extending the surface mineralization footprint by 350 meters.

2. La Culebra target: Samples yielded values up to 4.64 g/t Au over a 650-meter strike length.

3. San Perfecto's mineralization footprint now spans approximately 1,250m by 700m, remaining open to the southeast.

4. La Culebra shows potential for copper mineralization, with common malachite occurrences.

These results demonstrate significant discovery potential across the EP property, particularly at the San Perfecto target, which is interpreted as a well-developed high-level orogenic gold system.

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Colibri Resource (TSXV: CBI) reports that its partner, Tocvan Ventures (51% interest), has announced plans for the Pilar Gold & Silver Project in Sonora, Mexico. Key highlights include:

1. A core drill program at the Pilar Main Zone scheduled to start in September.
2. Plans for resource drilling with core and RC methods.
3. A strategy for a pilot facility at Pilar, aiming to process up to 50,000 tonnes of material by early 2025.
4. Preparations for 1,200 to 2,000 meters of core drilling and 1,700 to 2,500 meters of RC drilling before year-end.
5. Anticipation of a maiden resource estimate for the Pilar Main Zone upon completion of drilling.

The company aims to showcase the project's potential and take advantage of current high gold prices through these initiatives.

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FAQ

What is the current stock price of Colibri Resource (CRUCF)?

The current stock price of Colibri Resource (CRUCF) is $0.03 as of June 10, 2025.

What is the market cap of Colibri Resource (CRUCF)?

The market cap of Colibri Resource (CRUCF) is approximately 2.8M.
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