Northwire Canada EditionThursday, July 23, 2026
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VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2% VZZ 0.180 +2.9% BMR 0.145 +3.6% NVO 0.055 −8.3% PMET 4.47 +2.0% CTG 0.125 +13.6% AVU 0.040 +0.0% SGML 14.32 −3.1% WRLG 0.720 +1.4% CAN 0.065 +8.3% ABRA 15.63 +1.6% LSTR 0.060 +0.0% OLA 13.10 +2.5% EQX 13.15 +2.7% SRA 0.780 +0.0% UTWO 0.390 −13.3% IVN 10.64 −1.2%
Drill Results

Colibri resume drilling at EP

Colibri Resumes Mexican Drill Program as Market Awaits Assay Truth to Justify Recent Price Surge

By The Northwire Desk — AI Analysis Jan 15, 2026 · 20:39 CBI · 0.265 Colibri Resource Corporation
Executive Summary

The most recent news (January 15, 2026) confirms that Colibri has resumed its Reverse Circulation (RC) drill program at the Plomo area of the 100%-owned EP Gold Project in Sonora, Mexico. Key operational details include: - Completion of 11 RC holes (906 meters) at the San Perfecto and Banco de Oro targets prior to the year-end break. - Resumption of drilling for an additional 6 to 10 RC holes. - Assays from the December drilling are currently pending and are expected to be received starting in early February 2026. - The program is described as "first-pass" exploration intended to evaluate priority structures systematically.

Material Impact

The impact of this specific release is neutral. While it demonstrates operational continuity and the execution of the exploration strategy, it lacks the technical data (assays) required to re-rate the stock. - In Line with Expectations: The news follows the December 8, 2024, announcement of drilling commencement. The "resumption" is a standard administrative update following a holiday break. - Timing Risk: The market has already priced in significant optimism, with the stock rising from $0.15 to $0.28 since October 2025. Any delay or poor results in the February assays could result in a sharp correction. - Strategic Context: The company is finally utilizing the $1.49M raised in November 2025. Previously, the company was operating on a "shoestring" budget, reporting a mere $6,734 in cash as of September 30, 2025.

CBI · Price
Company Overview

Colibri Resource Corp. is a Canadian explorer focused on gold and silver in Sonora, Mexico. - Flagship Project: EP Gold Project (100% owned). It covers 4,766 hectares in the Caborca Gold Belt, within 25km of Fresnillo’s La Herradura mine. Only 3 of 10 high-priority targets have been drill-tested to date. - Secondary Asset: El Pilar (49% JV with Tocvan Ventures). This is an advanced-stage oxide gold project moving toward a 50,000-tonne pilot mine scenario.

Read the original news release →

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M&A / Property Mar 13, 2026 · 09:48

Colibri hits shallow gold at Plomo as balance sheet cleanup paves way for 2026 exploration push

Drill Results