Colibri Resources – Exploration Update At The Evelyn Gold Project And The Pilar Property

Ian McGavney, COO of Colibri Resources (TSX.V:CBI – OTC:CRUCF) joins us to provide an exploration update at both the Company flagship Evelyn Gold Project and the Pilar Property in Sonora Mexico.


We start with reviewing the Phase 1A drill program from Evelyn Gold Project, which was paused on December 18 for the 2021 holiday season after having completed a total of 3,122 metres of Reverse Circulation (“RC”) drilling in 22 holes. The drilling will resume in Phase 1b to follow up on other successful surface and trenching work, along with targets generate from IP and geophysics work.  The balance of the fully funded 10,000 meter drill program will proceed after that as Phase 2 and will continue to explore the El Sahuaro and Main Zone area at the Cerro Rojo target.


At the Pilar Property, also in Sonora Mexico, the Option Partner Tocvan Ventures (CSE: TOC) has started done some trenching and the plan to drill 5,000 to 8,000 meters, and we’ll be following along as more of those assays are released as 2022 unfolds.  Ian also mentioned that their other 3 projects in the Sierra Madre: the El Mezquite Gold & Silver Project , the Jackie Gold & Silver Project, and the Diamante Gold & Silver Project are getting work this year through option earn-in agreements by Silver Spruce Resources (TSXV: SSE) 


We also discussed that the Company has purchased their own RC Drill Rig, and has a competent and experienced crew to run it, as highlighted on the January 11th, news release.   This will allow for greater optionality in exploration, as well as a means of lowering costs.


Please email us with any follow up questions for Ian regarding Colibri Resources. Out email addresses are and

Click here to read over the recent news out of Colibri Resources.

    Jan 24, 2022 24:36 AM

    Full algo attack at open. Every miner negative. Proof of corruption and manipulation and Regulators condone it. The fraud is growing more rampant. Obviously the Fed is out of control. Their only tool left is a computer program that works against Retail.
    Oil also hit hard. Biden talking about sending troops to Europe which is commodity positive. Orchestration at its finest.

      Jan 24, 2022 24:19 AM

      Talk about running stops … looks like MMs are loading up mining and oil stocks (at sale prices).

      Jan 24, 2022 24:32 AM

      – 8.4% account hit
      DOW -1.63%
      S&P 500 -1.94%
      Nasdaq -2.3%
      Gold -.01%

    Jan 24, 2022 24:05 AM

    Biden is an idiot……… The Biden/Obama/CIA……… plan………… Biden the sock puppet,,,,,,,,hell, I doubt he even knows where Russia is located…… lol
    Usofcommie , just might get their butts in a jam on this one………. of course for the Lockheeds of the world they are licking their lips…………

      Jan 24, 2022 24:17 AM

      Hey, we have our own Biden like idiot in Canada, Fidel Turdeau…

    Jan 24, 2022 24:19 AM

    Going to be a cold winter for the NATO troops………. if Russia shuts off Gazprom…….. Europe might freeze to death……. from the StUPID USNAZI scam ……….

      Jan 24, 2022 24:21 AM

      Very inconsiderate of the troops: why start a war in the snow? Says a lot about politicians and their agendas. They would never send bankers out in the snow to steal from the people.

    Jan 24, 2022 24:49 AM

    BOIL is way up

      Jan 24, 2022 24:58 AM

      BOIL is an Index. That is managed money and doesn’t qualify for theft.

      How can Wall Street divert retail funds to managed money if a stock outside an index or in a managed fund is allowed to out perform.
      Fees come first, then betting against your clients with derivative plays. How can they do that if a person handles their own trades?

    Jan 24, 2022 24:14 AM

    The markets are tanking and the tapering isn’t over. The US could soon find itself fighting a war on two fronts, The Ukraine and Russia, and Taiwan with The Chinese. It won’t be sticks and stones like in Afghanistan. DT

      Jan 24, 2022 24:25 AM

      Sounds like a cover up of the failure of fiat currencies. Any grown-ups in the room?

    Jan 24, 2022 24:36 AM

    Looks like Friday’s open was a test-run for today. The difference is there is no recovery like Friday… yet.

    Jan 24, 2022 24:00 PM

    Look out for the coming recession. The stock market should rebound somewhat this week and then watch out below for the next weeks and months. Been short the conventional markets for a couple of weeks and will add to shorts on a rally. Will probably short silver sometime this week. The cryptos have been and will be toast. Gold in the future will show its’ risk off move while the cryptos will prove to be a risk on asset along with the conventional markets. As mentioned in December, 2022 will prove to be a nasty year for almost all asset classes except for PM stocks which has seen the majority of their move down—-some still have farther to fall but the largest percentage of losses are behind them.

      Jan 24, 2022 24:11 PM

      Thanks Doc. Sounds pretty accurate.

      Jan 24, 2022 24:29 PM

      ‘2022 will prove to be a nasty year for almost all asset classes except for PM stocks which has seen the majority of their move down…’

      Thank you for that declaration Doc. I pay great attention to your opinions. Have you bought any FURY, which you mentioned a few weeks ago? As I recall you said you didn’t want to mess around and try to pick off the absolute low.


        Jan 24, 2022 24:38 PM

        Blaze, I did nibble at some FURY 2 weeks ago. In fact I’m going to be a consistent purchaser of PM stocks and some conventional stocks in the future—-there is no hurry since pain will be with us for some time. I’m anxious to see how February and March play out for the PMs since those months are going to tell us a huge story about direction in the future. There’s a lot to like about some of the technicals of the PMs and a lot not to like.

    Jan 24, 2022 24:01 PM

    Nice reversal day for the market (conventional)—-should scare the bears about we’re back to buying the dips. Wouldn’t be surprised as mentioned above that the markets should hold their own this week. If they do, then the FED won’t have to be as dovish to support them.