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) generates frequent news related to its activities as a Canadian junior mineral exploration company focused on precious metals in Mexico. Company updates highlight the progress of gold and silver exploration programs, particularly at the EP Gold Project in Sonora’s Caborca Gold Belt and at the Pilar and Diamante projects.
Recent news releases describe the mobilization of reverse circulation (RC) drill rigs, commencement and continuation of drilling campaigns, and systematic evaluation of targets such as the San Perfecto, Banco de Oro, and Plomo areas within the EP Gold Project. Colibri reports on drilling progress, the number of holes completed, metres drilled, and the submission of samples to independent laboratories, with assay results to be released after review.
News coverage also includes financing developments, such as non-brokered private placements of equity units and convertible debenture units, debt conversion transactions, and oversubscribed offerings. These updates outline how net proceeds are intended to fund exploration at Colibri’s flagship Mexican gold projects and provide working capital, as well as the terms of units, warrants, and debentures.
In addition, Colibri’s releases provide regional context for its projects, noting the EP Gold Project’s location within and adjacent to concession holdings of Fresnillo plc and within an active mining district in Sonora. Readers following CRUCF news can expect ongoing information on exploration milestones, drilling campaigns, financing activities, and technical oversight, including statements reviewed by Qualified Persons under National Instrument 43-101.
Investors and observers can use this news feed to monitor Colibri’s exploration progress, capital-raising efforts, and project updates across its Mexican gold and silver portfolio.
Colibri Resource (TSXV: CBI) reports drill results from its Pilar Gold & Silver Project in Sonora, Mexico, where it holds a 49% interest. The project's co-owner, Tocvan Ventures (51% interest), announced results from five holes in the ongoing Phase 4 RC drill program. Highlights include:
- North Hill Trend: JES-24-95 intersected 76.3m of 0.2 g/t Au, 1 g/t Ag, and 0.4% Zn from 1.5m depth, including 7.6m of 0.2 g/t Au, 3 g/t Ag, and 2.8% Zn.
- Main Zone Eastern Infill: JES-24-94 hit 24.4m of 0.2 g/t Au and 5 g/t Ag from 38.1m depth, including higher-grade intervals.
All five reported holes intersected mineralization, with results pending for three additional drillholes. The program has completed 3,268 meters across 26 drill holes to date, showing broad mineralization and connecting known trends at Pilar.
Colibri Resource (TSXV: CBI) announced positive results from the Pilar Gold & Silver Project in Sonora, Mexico. Partner Tocvan Ventures reported results from six holes in the ongoing Phase 4 Reverse Circulation (RC) drill program. Highlights include mineralization expansion 130 meters northwest of previous drillhole JES-24-79, which showed 42.7 meters of 1.0 g/t gold. Drillhole JES-24-88 returned 24.4 meters of 0.2 g/t gold and 4 g/t silver, with a high-grade section of 1.5 meters at 1.1 g/t gold and 25 g/t silver. The North Hill Trend now extends over 500 meters. Results for eight additional holes are pending, with ongoing surface mapping and sampling to identify new drill targets.
Colibri Resource (TSXV: CBI) and its co-owner Tocvan Ventures announced results from six drill holes at the Pilar Gold & Silver Project in Sonora, Mexico.
The drilling program revealed several significant mineralized zones, including high gold, silver, copper, and zinc values. Key findings include JES-24-73, which showed 4.6 meters with 2.2 g/t Au, 49 g/t Ag, 0.46% Cu, and 1.48% Zn, and JES-24-84, which returned 10.7 meters of 0.6 g/t Au and 3 g/t Ag. Additionally, exploration hole JES-24-87 indicated broader mineralization, with 53.4 meters of 0.1 g/t Au and 2 g/t Ag.
The results suggest resource potential expansion along the Main Zone and 4-T Trend. Over 2,700 meters have been drilled in 2024, with more results pending analysis.
Colibri Resource has listed its common shares on the Frankfurt Stock Exchange under the trading symbol '2CO1'. This strategic move aims to attract European investors to its precious metals exploration projects, including the 49% owned Pilar Gold & Silver Project and the 100% owned EP Gold Project. The Frankfurt Stock Exchange is one of the largest international trading centers, facilitating significant securities trading through its electronic platform XETRA.
The ongoing Phase IV drilling at the Pilar Project, managed by Tocvan Ventures, has completed over 2,200 meters across 20 drill holes, with notable results including 56.4 meters of 1.0 g/t Au and 42.7 meters of 1.0 g/t Au. An NI 43-101 compliant resource estimate is anticipated by Q4 2024. Additionally, Colibri has decided to return the Mezquite project claim, reducing long-term liabilities, while continuing its interests in the Diamante and Jackie projects.
Colibri Resource has announced significant drill results from its Pilar Gold and Silver Project in Sonora, Mexico. In collaboration with Tocvan Ventures, results from five drill holes in the Phase 4 RC drill program were highlighted, especially drill hole JES-24-79. JES-24-79 returned 42.7 meters of 1.0 g/t gold, including a high-grade 3.1 meters of 10.9 g/t gold, making it the second-best intersection outside the Main Zone. Additional key findings include drill holes JES-24-78, 80, 81, and 82, all showing elevated values of gold, silver, and other elements, indicating potential mineralization extensions. Further results are pending, and the drilling continues to provide encouraging signs of substantial resource growth beyond the Main Zone.
Colibri Resource (TSXV: CBI) and Tocvan Ventures announced drill results from their Pilar Gold & Silver Project in Sonora, Mexico. Hole JES-24-77, drilled in the 4-T Trend area, intersected 56.4 meters of 1.0 g/t gold, including 9.2 meters of 5.3 g/t gold. This is the longest and highest-grade intersection outside the Main Zone to date. A total of 1,825.4 meters has been drilled across 15 holes, with results for eleven holes pending. The 4-T Trend, 400 meters east of the Main Zone, shows significant resource potential and low strip ratio potential for future development. Initial exploration results from holes JES-24-74, 75, and 76 showed anomalous intervals but no significant mineralization.
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