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Pilar Gold Project – Colibri Option Partner Tocvan Ventures Announces High Grade Mineralization At Two New Showings

NEWS RELEASE – Dieppe, NB. January 7th, 2020. (CBI-TSXV) Colibri Resource Corporation (“Colibri” or the “Company”) is pleased to announce that it has received the rock chip sample results from Tocvan Ventures Inc. (“Tocvan”) which were taken by Tocvan’s geologists during a due diligence visit the Pilar gold project in November 2019. Colibri has subsequently entered into an option agreement with Tocvan regarding Pilar since that time (See news release dated: November 26, 2019). A total of 35 samples were sent for assay, four of which were QA-QC samples. Significant results were found in 22 samples. Sample # Au g/t Ag g/t Cu % Pb % PILAR-MTS-02 0.9 14.3 0.261 … Continue reading

Colibri Resource Receives Sample Results And Interpretation From Its Evelyn Study – Drill Holes Identified For Maiden Drill Program

NEWS RELEASE – Dieppe, NB. December 3rd, 2019. (CBI-TSXV) Colibri Resource Corporation (“Colibri” or the “Company”) is pleased to announce that it has received the sample results from its field geology study conducted by AuroMetallum Geology Consulting Services. The highest value received was from a chip sample which measured 40.1 ppm Au from a quartz vein containing boxwork, pyrite, and goethite. The team which conducted the study in October 2019 submitted a total of 100 samples to the Hermosillo, Mexico office of ALS Chemex Labs. Of the 100 samples submitted, 91 samples were taken from exposed outcrop and subcrops in the areas of study, 5 samples were duplicates and another … Continue reading

Colibri Resource Corp and Tocvan Ventures Finalize Option Agreement on Pilar Gold Project

NEWS RELEASE – Dieppe, NB. November 26th, 2019. (CBI-TSXV) Colibri Resource Corporation (“Colibri” or the “Company”) wishes to announce that Tocvan Ventures has completed all necessary due diligence and has finalized their option agreement dated September 22nd with Colibri. The agreement allows Tocvan to acquire 51% interest in the Pilar project located in Sonora Mexico. Under the terms of the agreement Tocvan has now advanced the first year’s cash payment of $125,000 to Colibri and issued 2,000,000 common shares of Tocvan to Colibri. Under the terms of the agreement Tocvan must now complete $2,000,000 of exploration on the property over five years, advance Colibri an additional $275,000 over the 5-year … Continue reading

Colibri Resource Corporation Arranges Loan from Agnico Eagle Mines Limited

Dieppe, NB. November  13, 2019. (CBI-TSXV) Colibri Resource Corporation (“Colibri” or the “Company”) wishes to announce that it has entered into a loan agreement with Agnico Eagle Mines Limited (“Agnico Eagle”) for proceeds of $300,000 USD (approximately: $400,000 CAD). Proceeds of the loan will be primarily used for exploration activities at the Company’s Evelyn and El Mezquite gold projects as well as for general working capital purposes. Loan ParticularsTerm:              2 yearsInterest:         10% compounded annually – payable at maturitySecurity:        Colibri’s joint venture interest in its “Pitaya” joint venture with Agnico Eagle “These loan proceeds, in addition to the anticipated receipt of funds of the first … Continue reading

Colibri Receives TSX Venture Exchange Approval for its Acquisition of Yaque Minerales – Files Updated with NI 43-101 Complaint Property Report on El Mezquite

DIEPPE, N.B., November 6th, 2019 (CBI: TSX-V) – Colibri Resource Corporation (“Colibri” or the “Company”) wishes to announce that the TSX Venture Exchange has accepted for filing its acquisition of Yaque Minerales S.A de C.V. (“Yaque”). The agreement was first announced on October 30th, 2018. Yaque is a private gold exploration company owned by a non-arms length company called OnTop Capital. The $1 million CAD purchase is being made by way of a five-year convertible debenture bearing 2.5% annual interest and carries a $0.20 per share conversion privilege. There are two projects in Yaque: “El Mezquite” and “Jackie”. Both are located in the prolific High Sierra Madre in Sonora, Mexico … Continue reading

Colibri Director Wins Nicholas Denys Award

DIEPPE, N.B., November 1, 2019 (CBI: TSX-V) – Colibri Resource Corporation (“Colibri” or the “Company”) wishes to congratulate Roger Doucet, a Director of the Company, for being honored with the Nicholas Denys Award at the recent XPLOR Conference held by the Quebec Mineral Exploration Association (AEMQ). This award is bestowed to highlight the careers of prospectors who, through his/her work over many years, has made a significant contribution to the development of prospecting and mining exploration in Quebec. From 1975 to 1988, Roger worked for Lac Minerals Ltd. during which time he discovered the Bousquet #1 gold mine and was also involved with discovery of the Doyon Gold Mine. Both … Continue reading

Colibri Resource Corporation Announces Private Placement

Dieppe, NB. October 9th, 2019. (CBI-TSXV) Colibri Resource Corporation (“Colibri” or the “Company”) wishes to announce that, subject to regulatory approval, it has completed a private placement in the amount of 3,260,000 units for gross proceeds of $163,000. The 5 cent units consist of one common share and one full share purchase warrant. Each warrant entitles the investor to acquire one additional common share at $0.10 for three years from the closing of the private placement. The Company may pay finder’s fees in connection with this placement in accordance with TSX Venture Exchange regulations. All securities issued pursuant to this financing will be subject to resale restrictions for a period … Continue reading

Colibri Resource Corp. retains AuroMetallum for Mapping at Evelyn Gold Project in Sonora

Colibri Resource Corporation (TSX Venture – CBI) (“Colibri” or “The Company”) is pleased to announce that it has contracted AuroMetallum Geology Consulting Services of Hermosillo, Mexico to complete a comprehensive geological mapping study of its Evelyn Gold Project near Caborca in Sonora, Mexico. The project is utilizing a team of four members and will take approximately 3 to 4 weeks of field work to complete. The final report is expected to be prepared within 6 to 7 weeks. The final comprehensive report will verify and absorb isolated work programs completed to date by Colibri and is intended to generate additional areas of interest not yet mapped or chip sampled. The … Continue reading

Colibri Resource Corp. Signs Pilar Gold Property Option Agreement with Tocvan Ventures

Colibri Resource Corporation (TSX Venture – CBI) (“Colibri” or “The Company”) is pleased to announce that it has entered into a Property Option Agreement with Tocvan Ventures Corp. (Tocvan) (CSE:TOC) on its 100% owned Pilar Gold Project located near Suaqui Grande, Sonora Mexico. Tocvan has been granted a 60 day exclusivity period for the project during which time they will complete additional due diligence in exchange for paying Colibri $25,000 (non-refundable). Upon giving notice of satisfactory due diligence Tocvan will be granted an initial option to earn 51% of the Pilar Project over a 5 year period and subject to satisfying the terms set forth below. Upon completion of these … Continue reading

Colibri Resource Corp. Appoints Terry Byberg To Its Board Of Directors

Dieppe, NB. August 22nd, 2019. (CBI-TSX Venture) Colibri Resource Corporation (“Colibri” or the “Company”) is pleased to announce the appointment of Terrence (Terry) Byberg to its Board of Directors. A graduate of the Haileybury School of Mines, Mr. Byberg is an accomplished mining executive who has over 40 years of international mining experience in Canada, USA, Mexico, Greece, Australia, and Philippines. He is currently Executive Vice President of Stratabound Minerals and has previous held positions as VP of Mining for Chieftian Metals, President of Silver Eagle Mines, and General Manager of TVX Gold and Royal Oak Mines. “We welcome Terry and his vast experience to our Board of Directors. We … Continue reading

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