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Colibri Resource ( (TSE:CBI) ) has provided an update.
Colibri Resource Corporation announced promising assay results from the initial two holes of its 10-hole diamond drilling program at the El Pilar Gold & Silver Project in Sonora, Mexico. The results, which include significant near-surface mineralization, bolster the company’s confidence in the project’s potential as a profitable gold and silver production asset. Future work, including a bulk sample and a maiden resource estimate, is expected to further validate these findings.
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, with its partner Tocvan Ventures holding the remaining 51%.
YTD Price Performance: 25.00%
Average Trading Volume: 130,532
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$2.74M
See more insights into CBI stock on TipRanks’ Stock Analysis page.