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Colibri Announces That Phase 1 Drilling Program At Evelyn Gold Project Is Complete

NEWS RELEASE – Dieppe, NB. March 16th, 2020. (CBI-TSXV) Colibri Resource Corporation (“Colibri” or the “Company”) is pleased to announce that Major Drilling has completed Phase 1 drilling at the Evelyn Gold Project located 60 km NW of Caborca Mexico. The initial 5-hole diamond drilling program measured a total of 815.6 meters in length and tested two separate mineralized corridors of initial interest named “Cerro Rojo” and “El Sahuaro”. The HQ sized diamond core drilling program was completed in 15 days and the core collected is currently being logged, split, and bagged for assay sampling at ALS Global Labs in Hermosillo. Assay results will be disclosed in due course. The … Continue reading

Colibri Announces That Maiden Drilling Has Started At Evelyn Gold Project

NEWS RELEASE – Dieppe, NB. February 27th, 2020. (CBI-TSXV) Colibri Resource Corporation (“Colibri” or the “Company”) is pleased to announce that Major Drilling has starting drilling the maiden drill program at Colibri’s Evelyn Gold Project located 60 km NW of Caborca Mexico. The initial 5-hole diamond drilling program will focus on testing two areas recommended by Aurometallum Geology Consulting Services and Colibri geologists in late 2019 as a result of their geological, geochemical, and structural mapping study at Evelyn. The two mineralized corridors of strong initial interest have been named “Cerro Rojo” and “El Sahuaro” (See CBI news release dated: December 3rd, 2019). The drilling program should take approximately 3 … Continue reading

Colibri Announces That Permits For Maiden Drill Program At Evelyn Gold Project Have Been Received

NEWS RELEASE – Dieppe, NB. February 19th, 2020. (CBI-TSXV) Colibri Resource Corporation (“Colibri” or the “Company”) is pleased to announce that it has received the required drilling permits from SEMERNAT (Mexico Secretariat of Environment and Natural Resources) for its maiden drilling program at its Evelyn Gold Project located 60 km NW of Caborca Mexico. Drill pad construction and other required infrastructure preparation will begin immediately and the drilling will then begin upon completion. A press release will be issued when drilling has commenced. The drilling program should take approximately 3 weeks to complete with assay results to be subsequently disclosed in due course. Ron Goguen, President & CEO states: “We … Continue reading

Drillers Have Been Selected For Maiden Drill Program At Evelyn Gold Project

NEWS RELEASE – Dieppe, NB. February 4th, 2020. (CBI-TSXV) Colibri Resource Corporation (“Colibri” or the “Company”) is pleased to announce that it has contracted Major Drilling for its maiden drilling program at its Evelyn Gold Project located 60 km NW of Caborca, Mexico. The Evelyn Gold Project lies in the prolific “Caborca Gold Belt” which hosts many mines and deposits including La Herradura, Mexico’s largest gold mine which produced 474,168 ounces of gold in 2018 at an average grade of 0.80 g/t Au (25km west of Evelyn) and Noche Buena mine which produced 167,208 oz Au at an average grade of 0.52 g/t Au in 2018 (9km south west of … Continue reading

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

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