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About Colibri Resource Corporation
Colibri Resource Corporation (OTC: CRUCF) is a Canadian-based mineral exploration company dedicated to the acquisition, exploration, and development of precious metal properties in Mexico. The company is listed on the TSX Venture Exchange (TSXV: CBI) and focuses on gold and silver exploration in some of Mexico's most prolific mining regions, including Sonora and the Sierra Madre Occidental. With a diversified portfolio of high-potential projects, Colibri aims to unlock value through systematic exploration and strategic partnerships.
Core Projects
- Pilar Gold & Silver Project: Located in Sonora, Mexico, Pilar is a joint venture with Tocvan Ventures (Colibri holds a 49% interest). The project is interpreted as a low-sulphidation epithermal gold-silver system hosted in andesite rocks. Pilar spans a 1.2-kilometer mineralized trend, with three primary zones of mineralization (Main Zone, North Hill, and 4-T). Recent drilling and metallurgical studies indicate the potential for near-term production, with ongoing efforts to establish a maiden resource estimate and a pilot mining facility to process up to 50,000 tonnes of material.
- EP Gold Project: Situated in the Caborca Gold Belt, a region known for its world-class orogenic gold deposits, the EP project covers 4,766 hectares. Surrounded by major gold producers, the project has delivered promising exploration results, including high-grade surface samples and drill intercepts. The San Perfecto target within the EP project has emerged as a top priority for further drilling.
- Sierra Madre Projects: Colibri holds interests in the Diamante and Jackie gold-silver projects. The Diamante property, located near major mining operations in the Sierra Madre Occidental, has shown promising results from recent drilling, including high-grade silver and base metal intercepts. The Jackie project is an early-stage exploration asset with significant discovery potential.
Strategic Positioning
Colibri operates in regions with favorable mining jurisdictions, abundant infrastructure, and proximity to major producers, enabling cost-effective exploration and development. The company’s joint venture partnerships, such as its collaboration with Tocvan Ventures, provide access to additional technical expertise and funding. Colibri’s focus on advancing projects to production readiness demonstrates its commitment to creating shareholder value while minimizing risk.
Competitive Landscape
Colibri competes in the highly fragmented and competitive mineral exploration industry. Its differentiation lies in its strategic focus on underexplored yet highly prospective regions in Mexico, its partnerships with experienced operators, and its methodical approach to exploration. The company also benefits from its ability to adapt to market conditions, as evidenced by its plans to capitalize on high gold prices through a pilot mining facility at Pilar.
Operational Expertise
Colibri employs advanced exploration techniques, including geochemical sampling, geophysical surveys, and diamond drilling, to identify and delineate mineralized zones. The company’s adherence to rigorous quality assurance and quality control (QA/QC) protocols ensures the reliability of its exploration results. Additionally, Colibri’s experienced management team and technical advisors bring decades of expertise in mineral exploration and project development.
Conclusion
With a diversified portfolio of high-potential projects, strategic partnerships, and a focus on advancing assets to production, Colibri Resource Corporation is well-positioned to capitalize on the growing demand for gold and silver. Its operations in Mexico’s prolific mining regions, combined with its commitment to systematic exploration and resource development, underscore its potential as a significant player in the precious metals sector.
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.
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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