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.
Colibri (OTC:CRUCF) announced two non‑brokered private placements totaling up to C$1.625M / US$1.625M to fund exploration at its Mexican gold projects Pilar and EP and for working capital. The Equity Offering: up to 8,666,666 units at C$0.15 (each unit = 1 common share + 1 warrant exercisable at C$0.25 for 24 months) for gross proceeds up to C$1.3M. The Debenture Offering: up to 250 convertible debenture units at US$1,000 each for gross proceeds up to US$250,000; debentures bear 10% interest, mature in two years, convertible at C$0.25/share with a fixed FX rate of C$1.30/US$1. Approximately C$300,000 of proceeds are expected from former debenture holders and do not represent new money. Closings are subject to TSXV acceptance and standard hold periods.
Colibri Resource Corporation (TSXV: CBI) has partnered with TerraEye to implement an advanced targeting program at its EP Gold Project in Sonora, Mexico. The collaboration will leverage TerraEye's satellite remote sensing and AI-driven exploration solutions to identify high-potential gold targets.
The program combines multispectral and hyperspectral satellite imagery with AI anomaly detection to analyze geological and geochemical indicators of mineralization. TerraEye will deliver a prioritized target portfolio, analytical reports, GIS-ready data package, and platform access. Currently, Colibri has identified 10 high-priority targets, with only three drill-tested, and expects this program to expand their exploration pipeline.
Colibri Resource Corporation (OTC:CRUCF) has outlined its growth strategy focused on two key Mexican gold projects. The company's 100%-owned EP Gold Project spans 4,766 hectares in the Caborca Gold Belt, strategically located within 25km of Fresnillo Plc's major operations. EP Gold features extensive exploration work, including 12,000+ meters of drilling and 2,500 surface samples, with only 3 of 10 high-priority targets tested.
Additionally, Colibri holds a 49% interest in the Pilar Gold-Silver Project, operated by Tocvan Ventures. Pilar has undergone extensive development with over 24,000 meters of drilling and recently secured permits for a 50,000-tonne pilot mine facility. A 2023 bulk sample demonstrated 1.9 g/t Au average grade with potential gold recovery of 95-99% under agitated leach conditions.
Colibri Resource Corporation (TSXV: CBI) announces that its joint venture partner, Tocvan Ventures Corp., has received approval for a 50,000-tonne pilot mine facility in Sonora, Mexico. The facility is strategically located near the Pilar Gold & Silver Project, which is 49% owned by Colibri and 51% by Tocvan.
The Pilar project has demonstrated promising results, with a 1,400-tonne bulk sample in 2023 yielding 1.9 g/t Au average head grade and 62% gold recovery using heap leach methods. Recent drilling highlights include intercepts of 83.5m at 1.3 g/t Au and 116.9m at 1.2 g/t Au. Metallurgical studies have shown excellent recovery rates of 95-99% for gold and 73-97% for silver using gravity recovery with agitated leach.
Colibri Resource Corporation (OTC:CRUCF) announced a significant change in its Board of Directors. Jamie Lavigne, P. Geo, has resigned from his position as Director, effective immediately. The company has appointed Mark Smethurst, P. Geo as his replacement.
Smethurst brings over 25 years of mining industry experience and currently serves as Director, Technical Manager, and Geology Consultant at Canadian Gold Resources Ltd. His extensive background includes leadership roles at Newpath Resources, Tocvan Ventures, and Rockcliff Resources. Smethurst holds a B.Sc. in Geology from the University of Toronto, an M.Sc. in Geophysics & Geology from the University of Windsor, and is a CFA-Level III candidate.
Colibri Resource Corporation (TSXV: CBI) has withdrawn its previously announced amendments to outstanding debentures, warrants, and finder's options. The company has decided against proceeding with the changes after reviewing its capital requirements and market conditions.
Key financial details include: US$444,000 of debentures matured on August 1, 2025, and an additional US$175,000 will mature on August 31, 2025. Additionally, 2,637,582 warrants expired on August 1, with 1,083,200 warrants and 11,049 finder's options set to expire on August 31, 2025. Management is developing a new comprehensive financing plan to address maturing debentures and working capital needs.
Colibri Resource Corporation (TSXV: CBI) has announced proposed amendments to its outstanding convertible debentures and warrants. The company plans to modify US$619,000 of outstanding 10% unsecured convertible debentures, along with 3,720,792 warrants and 11,049 finders' options.
Key amendments include extending the maturity dates by two years to 2027 and reducing the conversion price to C$0.25 per share. Alternatively, debenture holders can convert at C$0.15 per share at the current maturity date. The changes aim to strengthen Colibri's balance sheet and support the advancement of its Pilar Gold & Silver Project, which is progressing toward a 50,000-tonne pilot leach facility.
Colibri Resource Corporation (TSXV: CBI) has announced strategic developments to strengthen its position in the mining sector. The company has increased its ownership in the Diamante Gold-Silver Project in Sonora, Mexico to 60% and plans to acquire the remaining interest from joint venture partner Silver Spruce Resources. Key highlights include:
- Acquisition of Silver Spruce's 50% stake in Yaque Minerales in exchange for $80,000 in outstanding exploration expenditures
- Sale of 50% interest in the Jackie Project to Silver Spruce for $25,000 in shares plus 1% NSR royalty
- Implementation of a 5:1 share consolidation, reducing outstanding shares from 115.4M to approximately 23.1M
Recent drilling results at Diamante revealed significant gold-silver mineralization, with highlights including 9.0 meters at 2.48 g/t Au and 56.70 g/t Ag at the La Prieta Target. The project is strategically located in the Sierra Madre region, near several producing mines.