Day: August 25, 2020

Colibri Receives Positive Structural Study Interpretations from Its Partner at the Pilar Gold Project

August 25, 2020

“We are happy with the progress at Pilar. Almost all historic drilling at Pilar has been at shallow depths extending to approximately 125m in the “Main” and the “North Hill” zones. This new data highlights that there are several untested areas at Pilar and that there is excellent potential to extend mineralized to a greater depth and along strike. Colibri shareholders truly stand to benefit greatly going forward should follow up drilling programs confirm this theory,” stated Ron Goguen, President and CEO of Colibri.

Comet Resources – Santa Teresa Gold Project Acquisition Completion

August 25, 2020

Paul Ray, Director of El Alamo Resources Ltd and CEO of Raptor Capital International Ltd stated “The closing of the SPA represents an important first step in developing the Santa Teresa Gold Project into a high-grade operating gold mine. The acquisition by Comet adds a well credentialed Board and Management team that have over 50 years of combined exploration, development and mining expertise. The pending gold stream financing by Raptor, which is subject to definitive documents being finalised, is expected to fully fund the Project into production. We are looking forward to working together with the Comet team on this exciting Project.”

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