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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.
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.
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