Colibri Resource ( (TSE:CBI) ) has provided an announcement.
Colibri Resource Corporation has completed 1,122 meters of diamond drilling in ten holes at the El Pilar Gold & Silver Project in Sonora, Mexico, marking significant progress in its exploration efforts. The drilling program, managed by Tocvan Ventures, aims to enhance the geological model and prepare for a maiden resource estimate and Preliminary Economic Assessment. Initial core reviews indicate favorable structures for mineralization, although assay results are pending. This development could potentially impact the company’s strategic positioning and project valuation.
More about Colibri Resource
Colibri Resource Corporation operates in the mining industry, focusing on the exploration and development of gold and silver projects. The company holds a 49% interest in the El Pilar Gold & Silver Project in Sonora, Mexico, alongside its partner Tocvan Ventures, which holds the remaining 51% stake.
YTD Price Performance: 50.0%
Average Trading Volume: 117,914
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.12M
See more data about CBI stock on TipRanks’ Stock Analysis page.