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Colibri Resource Corporation To Acquire Yaque Minerales From Ontop Capital Limited

DIEPPE, N.B., October 30, 2018. (CBI: TSX-V) Colibri Resource Corporation (“Colibri”) is pleased to announce that it has entered into a share purchase agreement dated October 27, 2018 with OnTop Capital Limited (“OnTop”) to purchase 100% of the issued and outstanding shares of Yaque Minerales S.A. de C.V (“Yaque”), a wholly owned subsidiary of OnTop (the “Transaction”). Closing of the Transaction is subject to regulatory and shareholder approval. As consideration for the Transaction, Colibri has agreed to issue a convertible debenture in the amount of $1 million CDN bearing an annual interest rate of 2.5% which is convertible at any time, in whole or in part, over the next 5 … Continue reading

Colibri Resource Corporation Intersects 61 metres with an average grade of 0.75 g/t Au – Including 1.5 meters of 17.3 g/t Au

DIEPPE, N.B., July 16th, 2018 (CBI: TSX-V) – Colibri Resource Corporation (“Colibri” or the “Company”) wishes to announce assay results from the last seven holes and two hole extensions completed on its Phase 1 reverse circulation (RC) drilling program on its 100% owned Pilar Gold Project in Sonora, Mexico. Highlights include an intersection of 61 meters (m) of 0.75 grams per tonne (g/t) gold (Au) which includes 17.3 g/t over Au over an intersection of 1.5 m in hole JES-18-24. (all assays in program are 1.5 m in length) The objectives of the Phase 1 drill program at Pilar have been to confirm continuity within previously interpreted zones of mineralization, … Continue reading

Colibri Completes Drilling at Pilar, Receives Results of Soil Sample Program, and Receives Assay Results on Final 4 Holes on Its Pitaya Property Joinnt Venture With Agnico Eagle

DIEPPE, N.B., June 14, 2018 (CBI: TSX-V) – Colibri Resource Corporation (“Colibri” or the “Company”), wishes to announce that it has completed drilling of the final 900m of its 3,000m Phase 1 drilling program at its Pilar Gold Project in Sonora, Mexico. Samples from the final 7 drill holes and 2 drill hole extensions have been collected and delivered to ALS Chemex laboratories in Hermosillo, Mexico for assay preparation and subsequently the Atomic Absorption and Fire Assay analysis will be completed in Vancouver, Canada. Assay results will be released as they become available. Colibri has also received the results of a soil sample survey across its eastern claims at the … Continue reading

Colibri Resource Corporation Announces Second Batch Results from Drilling at Pilar Gold Project

DIEPPE, N.B., May 31st, 2018 (CBI: TSX-V) – Colibri Resource Corporation (“Colibri” or the “Company”) wishes to announce assay results from 16 more holes completed on its Phase 1 reverse circulation (RC) drilling program on its 100% owned Pilar Gold Project in Sonora, Mexico.  Results include an intersection of 5.37 grams per tonne (g/t) Au over an intersection length of 3.0 meters (m) in hole JES-18-19 which was part of a longer intersection of 40.5m of 0.73 g/t. All holes drilled in the 2018 campaign to date at Pilar have intersected gold mineralization ranging from anomalous to high grade. Hole JES-18-3, previously released (see Colibri NR dated May 8, 2018) … Continue reading

Colibri Resource Corporation Intersects 9 Metres With an Average Grade of 8.16 Grams/tonne Au

DIEPPE, N.B., May 8, 2018 (CBI: TSX-V) – Colibri Resource Corporation (“Colibri” or the “Company”) is pleased to announce assay results from the first four holes completed on its Phase 1 reverse circulation (RC) drilling program on its 100% owned Pilar Gold Project in Sonora, Mexico. Results include an intersection of 8.16 grams per tonne (g/t) Au over an intersection length of 9.0 meters (m) which includes 33.4 g/t over an intersection interval of 1.5m in hole JES-18-3. (all assays in program are 1.5 meters in length) The Company has completed 2,117 metres (20 holes) of its planned 3,000 m Phase 1 RC drill program at Pilar. The objectives of … Continue reading

Colibri Provides Update on Drilling Activity and Grants Corporate Stock Options

DIEPPE, N.B., April 16, 2018 (CBI: TSX-V) Colibri Resource Corporation (“Colibri” or the “Company”) is pleased to provide an update on its Phase 1 drilling of its 2018 drilling program on its 100% owned Pilar Project in Sonora State Mexico and announces that it has completed drilling of 5 of the approximately 30 hole drill program. To date, 266 samples have been sent to ALS labs for assaying. The Phase 1 drill program is being managed by Colibri’s Country Manager & geologist Jackie E. Stephens. The Company also announces that it has granted a total of 3,775,000 stock options at a price of $0.10 per share as follows: (a) 1,800,000 … Continue reading

Colibri Resource Corporation Announces Initiation of Phase 1 Drilling at Pilar

DIEPPE, N.B., March 20th, 2018 (CBI: TSX-V) – Colibri Resource Corporation (“Colibri” or the “Company”) is pleased to announce that that Phase 1 drilling of its 2018 drilling program has begun on its 100% owned Pilar Project in Sonora State Mexico. The Phase 1 drilling program, which calls for up to 30 holes to be drilled, is designed to confirm modelling and extend the known mineralization of the Main Zone to the north-west and south-east along trend. Drilling targets for this program have chosen by utilizing 3D modelling techniques introduced in a model prepared by geologist Jamie Lavigne, Hector Mendivil, a Geosoft TARGET for ArcGIS specialist, and Colibri’s Country Manager … Continue reading

Colibri Resource Corporation Closes Second Tranche of Over-Subscribed Private Placement

DIEPPE, N.B., March 16, 2018 (CBI: TSX-V) – Colibri Resource Corporation (“Colibri” or the “Company”) is very pleased to announce that it has closed an over-subscribed second tranche on its previously announced financing (see the Company’s news releases of March 2 and March 9, 2018).  The Company has issued an additional 1,350,000 units at $0.10 per unit for gross proceeds of $135,000.   Total gross proceeds raised between the first and second tranches is $1,212,098. The units consist of 1 common share and 1 common share purchase warrant.  Each warrant entitles the holder to acquire one additional common share at $0.15 for 5 years from the closing of the private placement. … Continue reading

Colibri Resource Corporation Closes First Tranche of Over-Subscribed Private Placement

DIEPPE, N.B., March 5, 2018 (CBI: TSX-V) – Colibri Resource Corporation (“Colibri” or the “Company”) is very pleased to announce that, as a result of strong investor interest, it has closed on an over-subscribed first tranche on its previously announced $1,000,000 financing (see the Company’s news release of February 7, 2018). The Company has issued 10,770,980 units at $0.10 per unit for gross proceeds of $1,077,098, and intends to close a second tranche in due course. Total gross proceeds to be raised between the first and second tranches is expected to be approximately $1,200,000. The units consist of 1 common share and 1 common share purchase warrant.  Each warrant entitles … Continue reading

Colibri Provides Update of its Corporate Development Plans for First Quarter 2018

DIEPPE, N.B., January 4,2018 . (CBI: TSX-V) Colibri Resource Corporation (TSX-Venture: CBI) wishes to provide an update of its Corporate Development plans for the first quarter of 2018. Pilar Gold Project – Advanced Gold Exploration Project The Company has finalized its plans for a two-phase drilling program on the “Main Zone” at its 100% owned advanced exploration Pilar Gold Project in the Sonora State of Mexico. To date, Colibri has defined an in-house resource calculation on Main Zone deposit of 700,000 tonnes grading 1.9 g/t. This new program is designed to expand this resource and define it by NI 43-101 standards. Drilling targets for this program have chosen by utilizing … Continue reading

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