Colibri Resource Corporation has announced a significant corporate update detailing its near-term initiatives aimed at advancing its fully owned EP Gold Project while also emphasizing its 49% stake in the Pilar Gold-Silver Project in Sonora, Mexico. As precious metals prices approach historic highs, Colibri is strategically focused on enhancing shareholder value through a growth strategy that encompasses exploration, development, and improved market visibility.
The EP Gold Project, which spans 4,766 hectares in the Caborca Gold Belt, is situated near key operations owned by Fresnillo Plc, including the producing La Herradura and Noche Buena mines. Only a fraction of the project’s high-priority targets have been drill-tested, suggesting substantial exploration potential. To date, over 12,000 meters of drilling has been completed, alongside more than 2,500 surface samples indicating high-grade gold values. The forthcoming exploration efforts at EP are poised to include drilling new zones and employing modern technology to evaluate the entire property.
In addition to developments at EP, Colibri’s involvement in the Pilar Gold-Silver Project, managed by Tocvan Ventures, is also noteworthy. With over 24,000 meters of drilling and surface work completed, Pilar has shown potential for significant resource extraction. A recent bulk sample indicated a promising average gold grade, and follow-up tests revealed a high rate of gold recovery under leaching conditions. Tocvan’s recent receipt of permits for a 50,000-tonne pilot mine facility near Pilar opens up opportunities for large-scale testing in a favorable market.
To support its ongoing and future projects, Colibri is implementing a comprehensive corporate strategy that includes efforts to convert outstanding debt into equity, exploring financing options to bolster its financial position, and enhancing marketing initiatives aimed at attracting new investors.
Management expressed optimism regarding the company’s growth trajectory. With potential at both EP and Pilar, Colibri Resource Corporation is poised to deliver significant returns for its shareholders in a promising precious metals landscape.
In summary, the company is moving forward with distinct initiatives that could greatly influence its operational success and investor appeal, while additional updates on these strategic efforts are anticipated in the near future.
