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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
Comment by stubbson Feb 03, 1999 11:24am
51 Views
Post# 795820

RE: Clarification?

RE: Clarification?Sorry for the long delay but just figured out how to get on the cbi forum.The 3 holes were drilled on the known fault northern extension and the 1 hole (no gold) was drilled on the other side(west).The results were low but the important issue is the gold zone continues and lots of drilling will have to be done around these targets.This will be done at a later date as they are very excited about the two north properties.I just got off the phone and 4 holes are complete and the onsite geologist likes what he sees as they compare to the Lasalle main zone.However the assays will tell the true story which can be expected by month end.The road is completed all the way up to the main targets for Anococo and the drill will be or is moving as we speak.I expected the stock to drop(since we will be quiet for some weeks) and now am recomending to my group to start buying as we are in drill mode with results expected out within 4-5 weeks.If we hit even resonable results our stock should have some healthy moves as the nes would indicate a very long,long gold zone. Stubbs
Bullboard Posts