Northwire Canada EditionSunday, July 12, 2026
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GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Drill Results Material +

Colibri Intersects 7.5 m of 2.92 g/t Gold and 30 m of 0.73 g/t Gold from Near Surface in Maiden Drill Program at the Plomo Claims, EP Gold Project, Sonora, Mexico

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

By The Northwire Desk — AI Analysis Mar 13, 2026 · 09:48 CBI · 0.13 Colibri Resource Corporation
Executive Summary

The most recent news (March 13, 2026) reports results from a maiden 22-hole Phase 1 RC drill program at the Plomo claims (EP Gold Project). Key intercepts include 7.5m grading 2.92 g/t Au from 6m depth and 30.0m grading 0.73 g/t Au from 3m. Notably, 18 of the 22 holes (82%) intersected gold mineralization. This follows a series of corporate maneuvers in early 2026, including a significant debt conversion (January 29, 2026) that moved over $600k of liabilities into equity and a small $115k USD convertible debenture closing (February 9, 2026) to maintain liquidity.

Material Impact

The news is Material - Positive for several reasons: - High Hit Rate: Intersecting mineralization in 18 of 22 holes in a maiden program suggests a robust and continuous mineralized system rather than isolated pockets. - Near-Surface Nature: The mineralization starts from surface or very shallow depths (3m-6m), which is critical for potential open-pit economics in the future. - Validation of Strategy: These results validate the "San Perfecto" structural corridor as a legitimate target, providing a clear path for Phase 2 step-out drilling. - Contextual Strength: Coming immediately after a balance sheet restructuring, these results provide the "fundamental story" needed to attract the new capital the company signaled it would seek in January.

CBI · Price
Company Overview

Colibri is a Canadian mineral explorer focused on Sonora, Mexico. - Flagship Project: EP Gold Project (100% owned), located in the Caborca Gold Belt near Fresnillo’s La Herradura mine. It covers 4,766 hectares with multiple targets (San Perfecto, Banco de Oro). - Secondary Asset: Pilar Gold-Silver Project (49% interest), a JV with Tocvan Ventures. This is more advanced, with a 50,000-tonne pilot mine planned.

Read the original news release →

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