Colibri Resource Corporation reports on precious-metals exploration and corporate financing activity tied to its mineral property interests in Sonora, Mexico. The company is a Canadian junior mining issuer engaged in the acquisition, exploration, and development of precious metal properties, including its 100% interest in the EP Gold Project, a 49% joint venture interest in the Pilar Gold & Silver Project with Tocvan Ventures, and a 60% interest in claims at the Diamante Gold & Silver Project.
Recurring updates cover reverse-circulation drilling, assay results, target areas such as Plomo, San Perfecto and Banco de Oro, and exploration work in the Caborca Gold Belt. Company news also includes capital-structure actions such as debt conversions, convertible debenture units, common share purchase warrants, and reporting-status changes under semi-annual reporting rules for eligible venture issuers.
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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