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Colibri Resource Corporation (CRUCF) is a Canadian-based mineral exploration company focused on acquiring and exploring high potential gold & silver properties in Mexico. The company's notable projects include the Pilar Gold & Silver Project in Sonora, Mexico. Partnerships, like the one with Tocvan Ventures, underscore the company's commitment to advancing exploration activities and potential resource development. Recent drilling activities at Pilar have shown promising results, indicating the presence of significant mineralization zones that may contribute to a future resource estimate. Colibri's diversified portfolio of projects, including the EP Gold Project and interests in the Sierra Madre, positions the company for growth and success in the precious metals sector.
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Colibri Resource Corporation (CBI) and Silver Spruce Resources Inc. (SSE) are pleased to announce an application to drill up to 1,000 meters on the Diamante Gold & Silver Project in eastern Sonora. The drill program aims to test newly prioritized target areas and follow up on positive drill results from the 2022 campaign. The companies expect the permit to be granted within the next three weeks, with the drilling program to commence soon after. Ian McGavney, President & CEO of Colibri, expressed optimism about the upcoming drill program and the company's various projects in Sonora, including the flagship EP Gold Project.
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Colibri Resource Corporation (TSXV: CBI) (OTC Pink: CRUCF) announces the discovery of a promising new zone of gold mineralization on the Evelyn property at the EP gold project located in the Caborca Gold Belt, NW Sonora. The discovery of the West Sahuaro Zone is the thickest, most continuous, and highest grade gold mineralization intersected to date on the Evelyn property.
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Colibri Resource Corporation (CBI) and Silver Spruce Resources Inc. (SSE) have reported the discovery of new Gold-Silver showings on the Diamante property. The assays include 3.52 g/t Au and 197 g/t Ag from outcrop grab samples in previously untested areas. Recent exploration at Diamante II has been focused on property-wide geological mapping, evaluation, and sampling of historical showings, with highlights of the 2023 work including the discovery of new mineralized showings in the southern and northern parts of the concession. The Diamante property is comprised of the Diamante I and Diamante II concessions, containing numerous historical artisanal and small-scale mining sites. Colibri and Silver Spruce commenced exploration on the Diamante property in 2021 and completed the first-ever drill program on the Diamante property at the prioritized El Pillado and La Prieta targets located on Diamante I during 2022.
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Colibri Resource Corporation provides an update on its exploration and corporate activities.
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Colibri Resource Corporation completes Phase 3 drilling campaign in Sonora Mexico
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Ian McGavney appointed as President and CEO of Colibri Resource Corporation, Ron Goguen Sr. retires from the position. McGavney has been serving as COO since 2018. The Company owns large land positions in gold and silver mining districts in Sonora, Mexico. Recent private placement includes detachable common share purchase warrants and finder's options exercisable at $0.12 CAD per share for 24 months.
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Colibri Resource Corporation closes second tranche of non-brokered private placement, raising gross proceeds of US$200,000
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Colibri Resource Corporation granted extension for non-brokered private placement
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Colibri Resource Corporation's option partner, Tocvan Ventures, has achieved a 62% recovery of gold over a 46-day leaching period at the Pilar Gold and Silver Project in Sonora, Mexico. The head grade was calculated at 1.9 g/t Au and 7 g/t Ag, with extracted grade at 1.2 g/t Au and 3 g/t Ag. The report suggests that increased recovery is possible with a more consistent flowrate of leaching solution. The low cyanide consumption indicates low operating costs. The company is pleased with the results and sees potential for rapid recovery methods in addition to heap leaching.
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FAQ
What is the current stock price of COLIBRI RESOURCE ORD OLD (CRUCF)?
The current stock price of COLIBRI RESOURCE ORD OLD (CRUCF) is $0.015 as of January 29, 2025.
What is the market cap of COLIBRI RESOURCE ORD OLD (CRUCF)?
The market cap of COLIBRI RESOURCE ORD OLD (CRUCF) is approximately 2.2M.
What is Colibri Resource Corporation focused on?
Colibri Resource Corporation is focused on acquiring and exploring high potential gold & silver properties in Mexico.
What are some of Colibri Resource Corporation's notable projects?
Colibri Resource Corporation's notable projects include the Pilar Gold & Silver Project in Sonora, Mexico.
What recent activities have highlighted Colibri Resource Corporation's potential for growth?
Recent drilling activities at the Pilar project have yielded promising results, indicating significant mineralization zones for potential resource development.
How does Colibri Resource Corporation's partnership with Tocvan Ventures contribute to its objectives?
Partnerships, like the one with Tocvan Ventures, underscore Colibri Resource Corporation's commitment to advancing exploration activities and potential resource development.
What key factors contribute to Colibri Resource Corporation's success in the precious metals sector?
Colibri Resource Corporation's diversified portfolio of projects, recent drilling successes, and strategic partnerships position the company for growth and success in the precious metals sector.
COLIBRI RESOURCE ORD OLD
OTC:CRUCF
CRUCF Rankings
CRUCF Stock Data
2.17M
81.50M
21.59%
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United States of America
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