News
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May 17, 2011
Vancouver, British Columbia – May 17, 2011 Colibri Resource Corporation is pleased to report the initial results of a 2000 meter drilling program at the Ramard silver project, in Sonora, Mexico. The Ramard property (see www.colibriresource.com) consists of over 4000 hectares of mineral concessions located 100 km north of the city of Hermosillo, Sonora, wholly owned by Colibri’s Mexican subsidiary, Minera Halcones. The Ramard property contains numerous historical artisanal silver mine workings. Assays have been returned from the first 5 of 29 drill holes all in the La Bronca Zone. Reported are the first five borings of the drill program that was recently completed. Hole BRAPD1 was drilled vertically across … Continue reading →
April 12, 2011
Vancouver, British Columbia – April12, 2011 Colibri Resource Corp is pleased to announce the 2000 meter drill program on the Ramard property in Sonora, Mexico has begun. The Ramard property consists of over 4000 hectares of mineral concessions located 100 km north of the city of Hermosillo, Sonora, wholly owned by Colibri’s Mexican subsidiary, Minera Halcones. In 2006 and 2007, drilling was completed on the property with a small, portable core-drill rig and a percussion rig, reported in a series of 2007 press releases (see www.colibriresource.com/2007/ .). Drill collar locations and representative drill sections are shown at www.colibriresource.com/projects/ramard. The drill program will focus primarily on the La Bronca Zone in … Continue reading →
April 7, 2011
Vancouver, British Columbia — April 7, 2011. Colibri Resource Corporation (“Colibri” or the “Company”) (TSX.V-CBI) is pleased to announce the closing of its previously announced non-brokered private placement (the “Private Placement”) of units (each, a “Unit”). In total, the Company issued an aggregate of 12,000,000 Units at a price of $0.20 per Unit for gross proceeds of $2,400,000. Each Unit issued pursuant to the Private Placement consists of one common share (each, a “Common Share”) of the Company and one share purchase warrant (each, a “Warrant”). Each Warrant is exercisable into one Common Share at an exercise price of $0.35 per Common Share until April 6, 2013. In the event … Continue reading →
March 4, 2011
Vancouver, British Columbia — March 4, 2011. Colibri Resource Corporation (“Colibri” or the “Company”) (TSX.V-CBI) is pleased to announce that it intends to carry out, subject to approval from the TSX Venture Exchange (the “TSX-V”), a non-brokered private placement (the “Private Placement”) of up to 12,000,000 units at a price of $0.20 per unit for gross proceeds of up to $2,400,000. Each unit sold in the Private Placement will consist of one common share of the Company and one share purchase warrant, providing the holder with the right to purchase one additional Colibri common share for $0.35 per share for a period of 24 months from the closing of the … Continue reading →
March 2, 2011
Vancouver, British Columbia – March 2, 2011. Colibri Resource Corporation (“Colibri” or the “Company”) (TSX.V-CBI) is pleased to announce the signing of an Earn-In and Shareholders Agreement dated February 28, 2011 (the “Agreement”) with Agnico-Eagle Mines Ltd. (“AEM”) which agreement reflects the terms of the letter of intent entered into between Colibri and AEM in December 2010. Pursuant to the Agreement, AEM may acquire up to a 75% interest in the Company’s Colibri gold project in Sonora, Mexico (the “Colibri Project”) and form a joint venture with the Company by making qualified exploration expenditures and payments to Colibri. To earn a 75% interest in the Colibri Project, AEM is required … Continue reading →
February 17, 2011
Colibri Resource Corp is pleased to announce an initial 2000 meter, diamond core drill program on the Ramard property in Sonora, Mexico to commence in March, 2011. The Ramard property consists of over 4000 hectares of mineral concessions located 100 km north of the city of Hermosillo, Sonora, wholly owned by Colibri’s Mexican subsidiary, Minera Halcones. The Ramard property contains numerous historical artisanal silver mine workings. In 2006 and 2007, drilling was completed on the property with a small, portable core-drill rig and a percussion rig, reported in a series of 2007 press releases (see www.colibriresource.com/2007/.). Drill collar locations and representative drill sections are shown at www.colibriresource.com/projects/ramard. Every drill hole … Continue reading →
December 7, 2010
Colibri Resource Corporation and Agnico-Eagle Mines Ltd. (AEM) have signed a Letter of Intent (LOI) that allows AEM to acquire up to 75 percent of the Colibri gold claim in Sonora, Mexico and form a joint venture by making qualified exploration expenditures and payments to Colibri. AEM currently operates 6 gold mines and will produce in excess of one million ounces of gold in 2010, including production from the Pinos Altos mine in Chihuahua, Mexico. This LOI is conditional upon the approval of AEM’s and Colibri’s Board of Directors, the completion of due diligence by AEM and approval by the TSX-Venture Exchange. The Colibri claim, centered within the Sonora gold … Continue reading →
June 23, 2010
Colibri Resource Corporation is pleased to report that the option contracts to acquire the Colibri, Ramard and Leon Projects have been officially exercised and 100% of the mineral rights for all of these claim packages have been legally transferred to Minera Halcones SA de CV, the Mexican subsidiary of Colibri. The Colibri Project consists of greater than 6,000 hectares encompassed by 6 separate claim titles. This large land package is within the prolific Sonora-Mojave Megashear belt, a large scale structure that includes more than 5 operating gold mines and numerous prospects. The Ramard Project is a porphyry-skarn project that encompasses 4,000 hectares of mineral claims in the central Sonoran porphyry … Continue reading →
April 16, 2010
VANCOUVER, Apr.16 /CNW/ Colibri Resource Corp. has contracted SJ Geophysics to conduct a geophysical survey on the Leon Project in Sonora, Mexico. The survey will measure the ambient magnetic field over most of the project area, approximately 4,000 hectares and 200 line kilometers (km). In porphyry molybdenum and porphyry copper systems such as the Leon Project, mineralization is commonly associated with anomalous magnetic characteristics. The company plans to conduct geologic mapping, rock sampling and to extend the soil sampling grid at the same time (see February 13th, 2008 news release at www.colibriresourcecorp.com). The Leon Project claims are contiguous to the Creston Moly Corporation El Creston deposit, currently in the advanced … Continue reading →
February 1, 2010
Colibri Resource Corporation is pleased to welcome Ronald Goguen, Sr., President, CEO and Chairman of the Board of Landdrill International Inc. to our Board of Directors. Mr. Goguen is the founding shareholder of Landdrill International Inc’s predecessor company, and he has been President & CEO of Landdrill since taking them public in March 2006. Ron purchased his first exploration drilling company, Ideal Drilling, in 1980. In 1981, he added a second exploration drilling company and increased sales and net income significantly. Those companies were combined to become Major Drilling Group International Inc., a publicly traded company that has traded on the TSX since March 1995 (TSX:MDI). Ron served as President … Continue reading →
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