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 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.
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Canagold Resources Ltd. (OTCQB: CRUCF) reported high-grade gold assay results from three drill holes in its ongoing drilling program at the New Polaris Gold project in British Columbia. Assays revealed 30.8 grams per tonne (gpt) Au over 3.9 meters, 16.0 gpt Au over 1.5 meters, and 11.6 gpt Au over 5.1 meters. The 24,000-meter drill program aims to upgrade inferred resources to indicated status, with results indicating strong continuity of mineralization. Out of 47 planned holes, 17 have been drilled, supporting the project's resource estimates and future feasibility studies.
Canagold Resources Ltd. (OTCQB:CRUCF) announced promising initial gold assay results from its New Polaris Gold project in British Columbia. The first three diamond drill holes from a 24,000 m program revealed high-grade gold, with highlights including 12.0 gpt over 3 m, and 124.2 gpt over 6.6 m. These results exceeded expectations and may enhance resource confidence. Drilling aims to upgrade inferred resources to indicated status, supporting a future feasibility study. The drill program is set to continue throughout the summer and fall, with further results anticipated regularly.
Canarc Resource Corp. has successfully closed the second tranche of its CAD$8.4 million private placement, raising CAD$5.2 million. This tranche involved 65 million units at CAD$0.08 per unit, which includes insider participation from Chairman Bradford Cooke. Notably, Eric Sprott acquired 12.5 million units for CAD$1 million, increasing his stake to approximately 10.2% of Canarc's shares. The funds will be allocated for exploration and working capital. Shares issued are subject to a four-month hold period. The private placement awaits final acceptance from the Toronto Stock Exchange.