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Colibri Resource Corp V.CBI

Alternate Symbol(s):  CRUCF

Colibri Resource Corporation is a Canada-based mineral exploration company. The Company is focused on acquiring and exploring prospective gold and silver properties in Mexico. Its projects include Evelyn Gold Project, El Mezquite Gold & Silver Project, Pilar Gold & Silver Project, Diamante Gold & Silver Project, Jackie Gold & Silver Project, and Plomo Gold Project. Its Evelyn Gold Project is located in the Caborca Orogenic Gold Belt and covers an area of approximately 506 hectares (ha). Its El Mezquite Gold & Silver Project is located in Sierra Madre-Yecora Area, Sonora, approximately 10 kilometers (km) northwest of Tepoca, Sonora Mexico and 175 km east-southeast from Hermosillo. This project covers an area of approximately 180 ha. Its Pilar Gold & Silver Project is located in Suaqui Grande-Sonora. It has optioned 51% of Pilar Gold & Silver Project to Tocvan Ventures. Its Diamante Gold & Silver Project covers an area of approximately 1057 ha in Sierra Madre-Yecora area.


TSXV:CBI - Post by User

Bullboard Posts
Post by maldororon Mar 19, 2012 11:51pm
471 Views
Post# 19693069

Drill Baby Drill

Drill Baby Drill

The joint venture with AEM is proceeding at the local Mexican pace. AEM last fall did all the necessary field work including agreements with the local rancheros. CBI has reported that AEM has fulfilled all its obligations under the JV-meaning AEM is up to date. Next commitment is starting now-and that means drilling!! Expect to see a diamond drill on the property within the next two to three weeks and who knows maybe a RC drill as well. AEM is committed to spend $1.5 in drilling over the next 18 months and if results warrant it they will spend more and faster. CBI's own program at the Ramard site is proceeding and that means that CBI is actually drilling. Assaying is a slow process and one is dependent on labs doing the work so I do not expect any news on that front for a while. All of this to say that CBI is doing what they are supposed to be doing viz: explore and drill. Market action? Who knows. But it will not take much good news to move the stock. Maldoror

 

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