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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

Colibri Reports Significant Assay Results on its Pitaya Property Including 20.96 g/t Au Over 2.2 Meters as Received from J.V. Partner Agnico Eagle Mining Ltd.

DIEPPE, N.B., Dec 11, 2017. (CBI: TSX-V) Colibri Resource Corporation (Colibri) is pleased to announce drill results for the Pitaya project, Sonora, Mexico as received from joint venture partner, Agnico Eagle Mines Limited (Agnico Eagle). Pitaya is a joint venture project with Agnico Eagle and is immediately adjacent to and on strike from Fresnillo’s Tajitos discovery, in which greater than 328,000 ounces of gold have been announced.  Agnico Eagle is the operator of the Pitaya Project and currently holds 66.33% of the joint venture with Colibri controlling 33.67%  Agnico Eagle has had two drills operating at Pitaya (see press release dated April; 10, 2017); a total of 7286.55 meters in … Continue reading

Colibri Confirms New Drill Targets on Pilar Property Using 3D Modelling Software

DIEPPE, N.B., November 14, 2017 (CBI: TSX-V) Colibri Resource Corporation (“Colibri”) is pleased to announce that it has created and confirmed a model to delineate drill targets on the Pilar property. Colibri hired international consultant and geologist PJ Lafleur to work with Hector Mendivil, a 3D software (ArcGIS TARGET) specialist in Hermosillo.  Under Colibri’s country manager and geologist, Jackie E. Stephens, a model was created pertaining to the existing 2 gold trends on the Pilar Gold Project.  Stephens, a graduate-student of the University of Arizona under Dr. John Guilbert, with 50 years of world-wide mineral exploration experience, has determined several new drill-targets at the Pilar.  Stephens states that there are … Continue reading

Colibri Announces that it has Retained Frontier Consulting Ltd. for Investor Relations and Marketing

DIEPPE, N.B., October 23, 2017 (CBI: TSX-V) Colibri Resource Corporation (”Colibri” or the ”Company’) is pleased to announce that it has retained FronTier Consulting Ltd. (“FronTier”), part of the FronTier Merchant Capital Group, to provide investor relations and marketing services to the Company in compliance with regulatory guidelines. FronTier is an investor relations company based in Toronto, Canada. FronTier will assist the Company by increasing its market awareness using a number of financial market communications initiatives including facilitating in-person introductions for the Company with institutional and retail brokers in Toronto and other financial centres and through media distribution on national television, radio and multiple on-line channels. Under the terms of … Continue reading

Colibri Reports Mapping and Sampling Conducted on the Evelyn Gold Project

DIEPPE, N.B., October 11, 2017 (CBI: TSX-V) Colibri Resource Corporation (“Colibri” or the “Company”) is pleased to announce the release of a report by Dr. Jonathan Nourse, Professor and Chair of the Geological Sciences Department at the California State Polytechnic University in Pomona, California. Dr. Nourse’s report summarizes results of his reconnaissance including geological mapping, rock chip sampling and structural investigations conducted on the 506 hectare Evelyn property. Dr. Nourse walked approximately half of the property and focused on sampling and mapping endeavors on outcrops that had quartz veins with hematite.  In addition to several isolated occurrences of anomalous gold, his work identified three important gold-bearing zones (described below) that … Continue reading

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