Colibri Resource Advances First-Pass Drill Program at San Perfecto and Priority Targets, EP Gold Project, Sonora, Mexico, Within a Region Hosting Projects Operated by Fresnillo plc, Agnico Eagle, Osisko Development, Minera Alamos, and Aztec Minerals
Colibri Resource Advances First-Pass Drill
Program at San Perfecto and Priority Targets,
EP Gold Project, Sonora, Mexico, Within a
Region Hosting Projects Operated by Fresnillo
plc, Agnico Eagle, Osisko Development,
Minera Alamos, and Aztec Minerals
Dieppe, New Brunswick--(Newsfile Corp. - January 15, 2026) -
Colibri Resource Corporation (TSXV:
CBI) ("Colibri" or the "Company") is pleased to announce that it has resumed reverse circulation ("RC")
drilling in the Plomo area of its 100%-owned EP Gold Project in Sonora, Mexico.
The current phase of work is designed to systematically evaluate priority structures and targets identified
within the Plomo area, which has seen limited historical drilling, using a disciplined, first-pass exploration
approach.
Prior to the year-end break, the Company completed an initial phase of drilling at the San Perfecto and
Banco de Oro targets consisting of eleven (11) RC drill holes totaling approximately 906 metres, with
samples submitted for assay in December.
The resumed program continues the first-pass evaluation of the San Perfecto target, while expanding
testing to additional priority targets identified within the Plomo area. The Company plans to complete an
additional six (6) to ten (10) RC drill holes as part of this phase of work.
The Plomo area hosts multiple exploration targets within the broader EP Gold Project and has
experienced minimal historical drilling. Colibri's ongoing work at Plomo is part of a systematic, staged
exploration strategy aimed at evaluating multiple targets across the area through a reverse circulation
(RC) drilling program at the EP Gold Project.
Samples from the Company's December drilling campaign are currently at the laboratory. Based on
current laboratory guidance, the Company anticipates that assay results from these initial drill holes may
begin to be received in early February, subject to laboratory turnaround times. Results will be reported
once received, compiled, and reviewed.
"This phase of work represents a disciplined continuation of our first-pass exploration strategy at
Plomo," said Ian McGavney, President & CEO of Colibri Resource Corporation. "Our focus remains on
systematically evaluating priority targets through careful execution and data collection, while maintaining
operational momentum as we await results from the initial drill program."
About Colibri Resource Corporation
Colibri Resource Corporation (TSXV: CBI) is a Canadian junior mining company engaged in the
acquisition, exploration, and development of precious metal properties, with a focus on gold exploration
in Sonora, Mexico. Colibri holds a 100% interest in the EP Gold Project, a 49% joint venture interest in
the Pilar Gold & Silver Project, and a 60% interest in the Diamante Project.
For more information on Colibri Resource Corporation and its projects, please visit
www.colibriresource.com
.
Qualified Person
The technical and scientific information contained in this news release has been reviewed and approved
by Jamie Lavigne, P.Geo., an independent Qualified Person as defined in National Instrument 43-101.
ON BEHALF OF THE BOARD
Ian McGavney
President, CEO & Director
Tel: (506) 383-4274
Email:
Notice Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy
of this release.
This news release contains "forward-looking statements". Statements in this press release which are
not purely historical are forward-looking statements and include any statements regarding beliefs,
plans, expectations or intentions regarding the future. Actual results could differ from those projected
in any forward-looking statements due to numerous factors. These forward-looking statements are
made as of the date of this news release, and the Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although the Company believes that the plans,
expectations and intentions contained in this press release are reasonable, there can be no
assurance that they will prove to be accurate.
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