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Colibri Resource - CRUCF STOCK NEWS

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.

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.

Rhea-AI Summary
Colibri Resource Corporation (TSXV: CBI) appoints Doug Coleman, a prominent mining and exploration executive, to its Advisory Board. Mr. Coleman, currently the Head of Mexico for Appian Capital Advisory LLP, brings over 30 years of experience in mining exploration in Mexico and is well-connected within the industry. The company also announces the issuance of 2.85 million stock options with a strike price of $0.06 to its Board of Directors, employees, and a consultant.
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Colibri Resource Corporation has contracted Geo Digital Imaging de Mexico, S.A. de C.V. to complete a high-definition magnetic survey covering the highest priority targets identified on the Plomo claims of its flagship EP Gold project. The survey is expected to assist in selecting hole locations for Colibri's inaugural drilling program at the Plomo in Q2 2024. The aerial magnetic survey of up to 1373.5 hectares will be completed using a DRONEmag magnetic sensor. The survey is already underway and is expected to take approximately 10 days to complete in the field.
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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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FAQ

What is the current stock price of Colibri Resource (CRUCF)?

The current stock price of Colibri Resource (CRUCF) is $0.0206 as of March 3, 2025.

What is the market cap of Colibri Resource (CRUCF)?

The market cap of Colibri Resource (CRUCF) is approximately 1.8M.

What is Colibri Resource Corporation's primary focus?

Colibri Resource Corporation focuses on the acquisition, exploration, and development of gold and silver properties in Mexico.

What are Colibri's key projects?

Colibri's key projects include the Pilar Gold & Silver Project (49% ownership), the EP Gold Project (100% ownership), and the Diamante and Jackie projects in the Sierra Madre region.

Where is the Pilar Gold & Silver Project located?

The Pilar Gold & Silver Project is located in Sonora, Mexico, and is interpreted as a low-sulphidation epithermal gold-silver system.

What is the significance of the EP Gold Project?

The EP Gold Project is situated in the Caborca Gold Belt, a region known for its world-class orogenic gold deposits, and has delivered promising exploration results.

What differentiates Colibri from other mineral exploration companies?

Colibri's strategic focus on underexplored yet highly prospective regions in Mexico, its partnerships with experienced operators, and its methodical approach to exploration set it apart from competitors.

What is Colibri's approach to advancing its projects?

Colibri aims to systematically explore and develop its properties, advancing them to production readiness while leveraging partnerships and market opportunities.

What are the potential outcomes of the Pilar Project?

The Pilar Project shows potential for near-term production, with ongoing efforts to establish a maiden resource estimate and a pilot mining facility.

What exploration techniques does Colibri use?

Colibri employs advanced techniques such as geochemical sampling, geophysical surveys, and diamond drilling, supported by rigorous QA/QC protocols.

What challenges does Colibri face in the mining industry?

Colibri faces challenges such as securing funding, geological complexities, and regulatory requirements, common to the mineral exploration sector.

How does Colibri plan to create shareholder value?

Colibri aims to create value by advancing its projects to production readiness, leveraging strategic partnerships, and capitalizing on favorable market conditions for gold and silver.
Colibri Resource

OTC:CRUCF

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CRUCF Stock Data

1.81M
87.12M
21.59%
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