- Company: Colibri Resource Corp.
- Tickers: TSXV: CBI | OTC: CRUCF
- Project: EP Gold Project (San Perfecto + Plomo area targets)
- Region: Caborca Gold Belt, Sonora, Mexico (major operator neighborhood: Fresnillo, Agnico Eagle, Osisko Development)
What’s New
Colibri Resource Corporation (TSX-V:CBI; OTC:CRUCF) is currently in an Active Execution Phase at its 100% owned EP Gold Project in Sonora, Mexico. Theyes Company has completed an initial batch of holes using an initial pass reverse circulation (RC) drilling program that was commenced late last year, and has resumed and increased drilling activity in the Plomo area which is located outside of the San Perfecto and Banco de Oro areas that were previously being drilled.
Drilling Program Details (Completed / Samples Submitted)
- Drilled 11 Reverse Circulation Holes
- Total Length: Approximately 906 Metres
- Focused on the San Perfecto and Banco de Oro areas
- Samples submitted in December 2025
Current Drilling Activity (Now Underway):
- Active RC Drilling in the Plomo Area
- Additional 6-10 Reverse Circulation Holes Planned
- Designed to Test Priority Targets and Expand Structural Understanding
Assay Results Expected in Early February 2026
The Company expects to start receiving assay results from the drilling program in early February 2026, marking the beginning of the next key data driven milestone for the project.
Why This Matters
For Colibri (CBI/CRUCF), this drilling program is much more than just measuring progress by the length of the holes drilled – it is a validation exercise for targets that have already been identified as priorities through mapping, sampling and regional geological context.
An Initial Pass RC Program is designed to allow for rapid and efficient completion of drilling to allow for management to determine if the surface indications are valid indicators of subsurface mineralization. An Initial Pass RC Program allows for management to complete a disciplined, staged approach to ensure that geological confirmation occurs prior to escalating to deeper or more costly drilling activities.
The results of this program will assist in answering important questions including:
- Are the targeted structures mineralized?
- Is there evidence of grade continuity or scale?
- Which zones merit tighter spacing or deeper follow-up drilling?
By limiting up-front costs associated with drilling, Colibri is able to maximize the amount of information gathered per dollar spent – a key strategy for junior gold exploration companies.
Project and Neighborhood Context
The EP Gold Project is located within the Caborca Gold Belt in Sonora, a region recognized as one of Mexico’s most prolific gold-producing regions. Sonora continues to attract investment capital from exploration companies due to its unique combination of geological potential, established mining infrastructure and long operating history.
Colibri’s property package in Sonora is situated within a larger ecosystem that includes properties operated by Fresnillo plc, Agnico Eagle Mines and Osisko Development, etc. While proximity to other projects does not necessarily equate to success, it provides regional validation especially when structural trends and mineralization styles are consistent with those seen in other successful projects.
Sonora also provides practical advantages related to execution:
- Accessible roads and logistical options
- Experienced local mining workforce
- Familiar permitting and operating environments
All of these advantages can significantly reduce the friction experienced by projects transitioning from exploration to more advanced stages.
Gold Market Snapshot (Fresh Data + What’s Moving Gold Right Now)
Gold prices are entering 2026 near historic highs and provide a favorable macroeconomic environment for gold-exploration focused companies like Colibri (CBI/CRUCF). As with many markets, however, short-term price volatility remains elevated.
Live-ish Pricing (Jan 16, 2026)
- Spot gold: ~ $4,597/oz (morning hours in ET)
- Record high this week: ~ $4,642.72/oz
- Week-to-date performance: approximately +2%, as profit taking occurred later in the week
What’s Driving Gold Headlines Right Now
The recent gold price movement reflects the battle between macro pressures and structural demand:
- Economic data from the US: Stronger-than-anticipated releases have bolstered the value of the US dollar, which is tempering the immediate prospect of a Federal Reserve interest-rate cut. In turn, this is creating some near-term headwinds for gold.
- Post-record consolidation: Traders have taken advantage of multiple historic highs in gold prices to take profits, resulting in significant but orderly declines in price.
- Supportive structural drivers: Continued central-bank purchases of gold, portfolio diversification, and ongoing global geopolitical tensions remain strong drivers of the long-term narrative for gold.
Physical Market Signals
- India: Elevated gold prices are reducing current retail demand.
- China: Physical demand in China for gold remains stable as the country approaches the Lunar New Year, providing a counter-balance to Western paper-based market volatility.
2025 → 2026 Setup
Market analysts are increasingly framing 2026 as a year of consolidation with upside optionality where gold remains sensitive to changes in monetary policy, real yields, currency values, and geopolitical events — all of which can rapidly shift investor focus towards junior gold exploration companies.
What to Watch Next
- Early February 2026 assay results from the 11-hole / ~906 meter initial phase – The first tangible results of this campaign.
- Update regarding the completion of the next 6-10 RC holes in Plomo
- Follow-up plans (e.g., Step-outs, Tighter Spacing, Deeper Drilling, New Target Selection) after integrating assay and geological results.
Final Thoughts
Colibri is in the execution window – Drilling is actively occurring, the first batch of drilling is already at the lab and the next major catalyst is assay results expected early February 2026. Additionally, gold prices are currently trading at near-record levels (~$4600/oz), so investor interest across the sector can be very responsive to both macro headlines and news flow surrounding drill result announcements.
Marc has been involved in the Stock Market Media Industry for the last +5 years. After obtaining a college degree in engineering in France, he moved to Canada, where he created Money,eh?, a personal finance website.
