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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, exploring, and developing prospective gold and silver properties in Mexico. The Company holds high potential precious metal projects, including Evelyn/Plomo Property, Pilar Property, Diamante Gold & Silver Project and Jackie Gold & Silver Project. The Company holds a 100% interest in the Evelyn/Plomo property (EP), which is located in the Caborca Orogenic Gold Belt and covers an area of approximately 506 hectares (ha). The Company holds 49% ownership of the Pilar Gold & Silver Project, which is located in the State of Sonora, Mexico. Its Diamante Gold & Silver project is located adjacent to the Company’s Mezquite project in eastern Sonora. The Diamante Project covers an area of approximately 1,057 ha in the Sierra Madre-Yecora area. The Jackie Gold & Silver property is located in the State of Sonora, Mexico, which covers an area of approximately 1,113 hectares.


TSXV:CBI - Post by User

Bullboard Posts
Post by stubbson Aug 05, 1997 6:29pm
1 Views
Post# 627970

norb

norbSorry it took so long to reply but have been out and about.I basically was following Gold Reserve's path as they to are down in Ven.They have approx 6 mill oz and 30 mill shares full diluted.Chesbar has approx 40 mill shares with potencial of 3-6 mill oz(their portion of Barrick agreement).Gold Reserve in the days of 3-6 mill were trading in the low $8-$12 Range.They shot up to aprox $22 range once they forcasted 5.5-6 mill oz range.They have pulled back like everyone else as cold gold and Bre-x kicked in.I believe the $10 range in the next 12 months is very possible as gold will have its day and chesbar will be noticed for their professional manor in dealing with this whole play as well as the size of this deposit.As I have seen jeff69 post I believe this stock will take off once the permits and second round of drilling is performed(first 4 holes already done and reported).I would like to clear up my statement of 5 times the results of Placer and Gold Reserve.I meant the results on 4 holes are 5 times the average holes of the other two.Of course we have a hell of alot of holes to drill and averages will or should drop.Again I'm buying again as I see a quick upside and a long term hudge play here.
Bullboard Posts