GOLD & SILVER EXPLORATION - SONORA, MEXICO "Building Shareholder Value By Delivering Meaningful - Colibri Resource Corp.
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GOLD &
SILVER
EXPLORATION
SONORA, MEXICO
“Building Shareholder Value By
Delivering Meaningful
Discoveries” Investor
T S X Presentation
Venture – CBI
F rMarch
a n k10,f 2021
urt – 2C01
Forward Looking Statements
This presentation is strictly confidential and must not be copied, distributed, circulated or disseminated without the express written consent of the Corporation.
This presentation does not constitute an “offering memorandum” as such term is defined under Canadian securities legislation and confers no statutory,
contractual or other similar rights of rescission or other action or remedy to any recipient under securities legislation in Canada, the United States or other
jurisdiction for misrepresentation or otherwise. No securities are being offered for sale hereunder. This document does not provide full disclosure of all material
facts relating to the securities offered. Readers must conduct their own analysis and review of the Corporation and of the information contained in this
presentation and must contact their own professional advisors.
This presentation contains “forward-looking information”. Forward-looking information includes, without limitation, statements regarding macroeconomic
factors, future demand and supply dynamics for lithium, production and development forecasts and timelines, mineral resource estimates, future lithium prices,
solutions to past problems, valuations, capital and operating expenditures, ability to obtain financing, currency exchange rates, government regulation of mining
operations, and environmental risks. In general, forward-looking information can be identified by the use of forward-looking terminology such as “plans”,
“expects” or “does not expect”, “projects”, “forecasts”, “budget”, “estimates”, “schedule”, “intends”, or variations of such words and phrases or state that certain
actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Some of the specific forward-looking information herein
includes . The forward-looking information is based upon factors and assumptions the Company believes is reasonable based on information currently
available to them. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance of the Corporation to differ from forward-looking information. There can be no assurance that such information will prove to be accurate as
actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking information. The Corporation does not undertake to update any forward-looking information, except as required under applicable securities
laws.
These materials may contain inaccuracies or typographical errors. The Corporation shall not be responsible for any errors or omissions contained in these
materials and do not guarantee the accuracy, completeness or timeliness of the information contained herein.
Jamie Lavigne P.Geo., who is a qualified person under National Instrument 43-101 and is a Director of the Corporation, has reviewed the scientific and technical
information related to geology and exploration in this presentation.
2
About Us
Colibri Resource Corp is a mineral exploration company
focused on exploring and developing its quality properties in
Sonora, Mexico. All current projects hold the potential for
hosting significant gold and silver deposits
Our growth strategy is to purposefully advance our gold and
silver properties to a stage where a production decision can
be made or sold to a third party
Our primary strength is in our team of highly experienced
mining professionals. The team has a proven track record of
developing properties from discovery to production
Colibri will consider initiating low capex, low cost operations
early in the life of our projects to internally fund the
advancement of the resources while minimizing shareholder
dilution
Old working at the “Saddle Vein” (Evelyn Gold Project) 3
Quick Facts
PUBLICLY TRADED
➢ TSX Venture Exchange: CBI Sonora State, Mexico
➢ Frankfurt: 2CO Projects Portfolio
➢ OTC: CRUCF
CORPORATE STRUCTURE
➢ 67.7 million shares outstanding Evelyn
➢ 98.4 million shares fully diluted Pitaya
➢ Based in Moncton, New Brunswick, Canada Diamante
SIX GOLD & SILVER EXPLORATION PROJECTS IN SONORA Hermosillo Office
➢ Evelyn – Drill Stage – Active Exploration – 100% Owned
➢ El Mezquite – Drill Ready – Active Exploration
(50% optioned to Silver Spruce Resources) Pilar
➢ Diamante – Recently Acquired – Active Exploration
➢ Pilar – Moderately Advanced – Active Exploration
(51% Optioned to Tocvan Ventures) El Mezquite
➢ Jackie – Grass roots exploration – Active Exploration
(50% optioned to Silver Spruce Resources) Jackie
➢ Pitaya – JV with Agnico Eagle (being sold)
4
Why Mexico? Why Sonora?
1. Mexico - 7th largest producer of gold
globally at 130.5 tonnes in 2017 – (1st in
silver production)
2. Politically stable country
3. Mining friendly (approximately 4% of GDP)
4. Leading state in Mexico – Sonora State
represents the largest proportional share of annual
gold production in the country
5. Affordable & experienced labour force
and materials are easily sourced 2017
TSX.V:CBI 5
Evelyn Gold Project
Caborca Gold Belt:
A Regionally Significant & Active Gold Mining District
-Drill Stage Exploration
- Targeting >1 million ounces of gold
6
6
High Potential Exploration in the prolific
Evelyn Gold Property - Summary “Caborca Gold Belt”
• 506 Hectares - 100% owned - (No NSRs)
• Targeting: 1 million ounce (minimum) –
open pit resource
Evelyn • 5 hole diamond drill program completed
Tajitos – 600k Oz Au
• Property wide magnetic survey completed
La Herradura –
20M+ Oz Au
• Property wide soil survey completed
• Two phases of trench programs completed
Noche Buena – 2.2M
Oz Au
• Significant trench results – including 41.0
g/t Au
• > 400 surface chip samples - including 43.9
g/t Au
• Located in the Caborca Orogenic Gold Belt
• Numerous historic adits on property
• Historical & current artisanal placer
mining activity on property
7
Location & Infrastructure
Near a major highway (HWY #2)
Infrastructure and support services are available in city of
Caborca (pop. 60,000) – 60km SE of Evelyn
Accommodation, electricity, internet/phone services available
in Caborca
Qualified & experienced local workforce
Water is available nearby
Accessible year round by maintained ranch roads
Soledad Diplo Mine
La Herradura
Mine
Evelyn Project
Noche Buena Mine
Caborca
8
Regional Claims Map
Fresnillo owns in excess of 120k hectares in immediate area as part of a “district consolidation strategy”
Colibri
Soledad-Diplos Mine – Fresnillo plc
Fresnillo plc
Penoles
Great Panther
Evelyn - Colibri
• 4 operating and
historic gold mines
with 35km
La Herradura Mine – Fresnillo plc
• Evelyn displays • One of Mexico’s largest gold mines
similarities to the • Open Pit – Heap leach
• Current Resource: 10.2 million oz Au
structure,
• 2018 Production: 474k oz Au
mineralization • Avg. grade: 0.80 g/t Au Noche Buena Mine – Fresnillo plc
characteristics and also • Operational since: 1997 • Open Pit – Heap leach
• Current Resource: 507k oz Au
shows the presence of • Original Resource: 2.2M oz Au
certain indicator • 2019 Production: 127k oz Au
minerals found at the • Avg. Grade: 0.53 g/t Au
La Herradura mine and • Operational since: 2012
Noche Buena Mine
Fresnillo is one of Mexico’s largest gold producers and the world’s largest silver producer
TSX.V:CBI 9
3.89 g/t Au 17.75 g/t Au 9.47 g/t Au
West Evelyn Area 1.72 g/t Au
Central Area 1.19 g/t Au
4.58 g/t Au
5.08 g/t Au
1.74 g/t Au
2.36 g/t Au
2.46 g/t Au 1.57 g/t Au
1.12 g/t Au
1.78 g/t Au 6.93 g/t Au
41.0 g/t Au
7.40 g/t Au Explanation
2.97 g/t Au 4.81 g/t Au
5.15 g/t Au Current_Sa...
Au
2.50 g/t Au El Sahuaro Area
*
#
0.54 g/t Au
2.44 g/t Au *
# 0.1 - 0.25
0.68 g/t Au
Main Zone *
# 0.25 - 0.5
1.97 g/t Au *
# 0.5 - 1.00
LEGEND
Legend
#
* >1.00
Current Trench
Hole Samples Au ppm
25.41 g/t Au
43.9 g/t Au !(
Au Drill
Rock_Chip_Sam...
ppm
*
# 1.00
SamplesCRTotal
") Historical
Au
Au
>1.00
Samples Au ppm
Soil_Samples_Au
ppb!( !( 1.0
Samples_semitotal_rock.csv
Rojo Inverse Fault
Zone
Events
Au!( >1.00
Inferred Fault
Infered Fault
") !(
0.5 -
1.00
(Jm) 10
!( 0.130000 - 0.249999West Evelyn Area
Central Area
• E xNorth
p l a n aWest
t i o n and
North East
trending structures are
Current_Sa...
Au
important controls on the gold
distribution in the Caborca Gold
*
#
* 0.1 - 0.25
#
Belt
El Sahuaro Area * 0.25 - 0.5
#
*
# 0.5 - 1.00
# LEGEND
* >1.00
Legend
Current Trench Samples Au ppm
!(
Au Drill Hole
Rock_Chip_Sam...
ppm#* 1.00
- 1.00
SamplesCRTotal
") Samples Au ppm
Au
>1.00
Historical
Au
Soil_Samples_Au
ppb !( 1.00
!Au
Samples_semitotal_rock.csv Events
Cerro Rojo Area Cerro
ShearRojo Inverse Fault
Zone
Au!( >1.00
Inferred Fault
Infered Fault
") !(
0.5 - 1.0
1.00
*Samples taken from Colibri’s 2019-2021 Exploration programs (Jm)
!( 0.130000 - 0.249999
Shearing
**Samples are grab samples of outcrop and subcrop from Rhyolitic tuff
surface and from trenches !( 0.250000
(Jm)
Shear Zone - 0.499999
!( Schist (Jm)
0.500000
Infered - 0.999999
Fault
!( 1.000000
MIneral - 10000.000000Metres
FranjaMain Zone – Cerro Rojo Area
Noche Buena Mine (11 km)
8.6 g/t Au
9.51 g/t Au 20.1 g/t Au
1.64 g/t Au 1.66 g/t Au 6.45 g/t Au
4.19 g/t Au
27.1 g/t Au
27.5 g/t Au
3.12 g/t Au 1.5 g/t Au
25.4 g/t Au 23.2 g/t Au 2.00 g/t Au
2.33 g/t Au
17.6 g/t Au
43.9 g/t Au
40.0 g/t Au 4.49 g/t Au
7.28 g/t Au
13.5 g/t Au
4.01 g/t Au
Saddle Vein
3.81 g/t Au
2.44 g/t Au
Legend
>1.0 g/t Au
0.5 – 0.99 g/t Au
0.10 – 0.49 g/t Au
0m 50m 100m
TSX.V:CBI 12“Main Zone” Area – Cerro Rojo • NNE trending high
grade quartz vein
which measures
Looking SW >125m on strike at
Recently discovered high grade vein
surface and
averages 1m wide
• Highest grade
sample: 43.1 g/t
SE to NW Faults/Structures Au
DDH:EVE-20-02
• Projected to
continue SSW “Saddle Vein”
At Main Zone
DDH:EVE-20-01
• Gold-bearing
quartz with Fe-
carbonate and
Cerro Rojo Fault
chlorite
• Foliation trends
NW
• Similar veins
observed north
Noche Buena – heap leach pad and south over a
1.2km distance
• Similar style and
Soil anomaly
Soil anomaly orientation of
mineralization
Quartz Vein Projection reported at La
Herradura and
Noche Buena Historic Working
View from top of Saddle looking toward Noche Buena Mine - 11km SSW 13Evelyn – Next Steps
Near Term: (Winter/Spring 2021)
• Trenching – Ongoing
• Ground truthing new geophysical interpretation - Ongoing
• Geophysics – Induced Polarization Survey
• Interpretation/3D Modeling (on going)
• Drilling – (2nd quarter 2021)
Historic Workings at “Saddle Vein”
14El Mezquite Gold Project
Sierra Madre - Yecora Area, Sonora
Target: > 1million ounces of Gold
TSX.V:CBI 15El Mezquite Gold Property Early Stage Exploration
High Potential Exploration Opportunity
• 180 Hectares -100% Owned – (No
NSR)
50% Optioned to Silver Spruce Resources
*Silver Spruce has option to earn 50%
interest by spending $600k in exploration
as well as cash payments to CBI of La Colorada
$210,000 USD and $500k CAD
• Sierra Madre Occidental – El Mezquite
Epithermal Gold & Silver Belt
• Potential to host a low grade /
large tonnage deposit(s)
• 10 km NW of Tepoca and 175 km
ESE of Hermosillo - Easily accessed
by ranch road year round
• Accessible infrastructure and
skilled workforce
• Between: La Mulatos Mine (58km
NE)/La India Mine (50km NE) and
La Colorada Mine (100km NW)
16Exploration to Date:
• 362 Rock Chip Samples
• 22 high grade values (>0.50 g/t
Au) (including 3.41 g/t Au & 198
g/t Ag
• Anomalous 300m x 600m
mineralized zone identified
• 3DIP & Mag survey completed over
Eastern side of property
• Drill targets identified: (No drilling
completed to date)
17IP Anomalies
Grab Samples
(g/t Au)
+
Next Steps
➢ Additional geochemical exploration focussed on surface
anomalies – mapping and sampling (underway)
➢ Additional geophysical survey work on other targets
➢ Exploration Drilling – 1,500m RC + (planned Q2 2021)
18Diamante Gold & Silver Project
Sierra Madre - Yecora Area, Sonora
Target: > 1million ounces of Gold
TSX.V:CBI 19Diamante Gold & Silver Property
• Sonora, Mexico
• Sierra Madre Occidental Complex Diamante 1
Diamante
• 2 Claim Blocks - 1057 Hectares • 567 Hectares
- Diamante 1 – 567 Ha
- Diamante 2 – 490 Ha El Mezquite Sierra Madre Occidental
• 180 Hectares
• Adjacent to Colibri’s El Mezquite
Project
• NW of Colibri’s Jackie Project
• Path to acquire 100% ownership –over Diamante 2
up to 2.5 years • 490 Hectares
• Nearby mine development (Minera
Alamos) Tepoca
• Multiple styles of mineralization
• Database includes:
• 272 samples Jackie Samples - Au
• Geological Mapping • 1140 Hectares
>1.0 g/t
• Bottle roll metallurgy
• Aster Satellite interpretation 0.50 to 0.99 g/t
0.25 to 0.49 g/t
• Historic Sample Highlights: 0.10 to 0.24 g/t
• 39.8 g/t Au + 109 g/t Ag
• 18.6 g/t Au + 62 g/t Ag
• 6.41 g/t Au + 3160 g/t Ag
• 6.76 g/t Au + 351 g/t Ag
TSX.V:CBI 20Diamante 1 La Prieta – El Aguaje
5.68 g/t Au + 298 g/t Ag
6.76 g/t Au + 351 g/t Ag
1.09 g/t Au Samples - Au
2.64 g/t Au + 183 g/t Ag
>1.0 g/t
0.50 to 0.99 g/t
0.25 to 0.49 g/t
0.10 to 0.24 g/t
0.051 to 0.09 g/t
0.00 to 0.05 g/t
El Chon – El Pilado
La Olla
1.17 g/t Au + 705 g/t Ag
(Mine Dump) El Caso
2.05 g/t Au
La Cruz
2.52 g/t Au + 233 g/t Ag
El Mezquite
21Diamante 2
El Mezquite
Gold & Silver Project
1.11 g/t Au + 9 g/t Ag
5.64 g/t Au + 8 g/t Ag
2.57 g/t Au Mezquite Raizudo
3.87 g/t Au + 557 g/t Ag
3.22 g/t
? 6.41 g/t Au + 307 g/t Ag
Stockwork El Puerto
?
1.98 g/t Au
6.41 g/t Au + 3160 g/t Ag
(Mine Dump)
El Cumbro
3.6 g/t Au + 1560 g/t Ag 1.11 g/t Au
(Mine Dump)
0.97 g/t Au + 144 g/t Ag
Samples - Au
>1.0 g/t
0.50 to 0.99 g/t
Calton Area 0.25 to 0.49 g/t
18.65 g/t Au + 62 g/t Ag ? 1.09 g/t Au + 5 g/t Ag 0.10 to 0.24 g/t
0.051 to 0.99 g/t
39.8 g/t Au + 109 g/t Ag
0.00 to 0.05 g/t
Southern
Anomaly
Jackie
TSX.V:CBI 22ASTER Identified Anomalies
Go Forward Plans
➢ Field Exploration: Mapping & Sampling
➢ Beginning March 2021
Argilization ➢ Geophysics: Magnetics & IP
Allunite
Illunite
Sericite ➢ Summer 2021
Caolinite
Propitalization
Supergene
Oxidization
➢ Exploration Drilling
Argilization + FeOx
➢ Fall/Winter 2021
Metres
23Pilar Gold & Silver Project
Suaqui Grande - Sonora
TSX.V:CBI 24Pilar Gold & Silver Property
• Moderate to Advanced Exploration
• Near Surface Mineralization
• Oxidized, Open Pit Heap Leach Potential, Low Sulfidation/Epithermal,
Highly Fractured
• 100% owned (no royalties)
• 51% Optioned to Tocvan Ventures (5 year schedule) Highly Fractured and
Oxidized Host Rock
• Earn In Terms: (Staged)
• $2,000,000 exploration to be performed
• Issuance of 5,000,000 shares of TOC + $400,000
• Tocvan reported drill intersections of 94.6m of 1.6 g/t Au including
9.2m of 10.8 g/t Au and 41.2m of 1.1 g/t Au on Feb. 9, 2021
• Colibri is significant shareholder of Tocvan
25Exploration To Date
• Identified Mineralized zone - 1,200m x 625m
• Drill tested and remains open on trend and at depth
• 17,700m cumulative Drilling (Core & RC) – to approx. 125m
vertical depth
• Average metallurgical recovery: 92% (average of three 72
hour bottle roll tests)
• 2,650m of Channel/Trench Sampling
• Trench samples as high as: 55.4 g/t Au over 3m, 28.6 g/t Au
over 6m, and 3.39 g/t Au over 50m
• Magnetic & 3DIP Surveys completed over full concession
• Extensive Chip Samples & Soil Samples (mapped)
• Au in Soils in undrilled area reach as high as 2.03 g/t Au
26Past Drilling Highlights (Intersection Lengths)
16.5m @53.4 g/t Au 40.5m @1.31 g/t Au
25.5m @1.07 g/t Au
North Hill Area 66m @0.94 g/t Au
13.5m @ 9.64 g/t Au
9m @ 10.16 g/t Au
Main Zone Area
9m @ 8.14 g/t Au
61.5m @ 0.75 g/t Au
3m @ 5.4 g/t Au
40.5m @ 0.73 g/t Au
Topographic View of
North Hill and Main Zone 27Recent Geophysical Survey Highlights
• Figure 1a - Zones of mineralization (North Hill,
Main, 4-Trench) as outlined by historic drilling.
• Figure 1b - 3D Inversion Magnetic Susceptibility
slice at ~350m depth. NW-SE shear corridor with
N-S structures bounded within.
• Figure 2 - 3D Magnetic Inversion (~350m depth).
NW-SE shear corridor bounding N-S structures.
Figure 1a Figure 1b
• The study has interpreted underlying structures which
may have acted as the “plumbing” required to create
the shallow mineralization identified near surface by
historical drilling and sampling.
• This structure is hypothesised to be 1000m by 250m
by 300m.
• Target is higher grade and continuity of mineralization
associated with lower order “feeder” structure.
Figure 2 28Go Forward Plans
➢ Advanced Interpretation and Modeling - 2021
➢ Resource Infill Drilling - 2021
➢ Exploration Drilling - 2021
➢ 43-101 Compliant Resource Estimation - 2022
➢ Preliminary Economic Assessment – 2022/2023
➢ Potential Open Pit Heap Leach Operation -2024
29Jackie Gold Project
Sierra Madre - Yecora Area, Sonora
Grass Roots Exploration
TSX.V:CBI 30Jackie Gold Project – Grass Root Exploration
Sierra Madre Occidental Complex
• 1113 Hectares
• Claims border Minera Alamos’ Santana Project Jackie
• Santana hosts a series of andesite breccia deposits
• The Nicho deposit is currently under mine development
and is anticipated to be brought into production in Q2
2021. The Jackie eastern border is 6.5km NW from
Nicho deposit
• The project has not been systematically explored
• A series of targets for follow up have been
identified from ASTER and satellite photography Sierra Madre Occidental
31Proximity to Minera Alamos – Nicho Deposit
*Under Mine Construction
Tepoca Divisadero Zone (2018 & 2019 drilling
discovery) 95.7 m @ 0.85 g/t Au, 9.8 g/t Ag ,
• Near major 96.4 m @ 0.42 g/t Au, 3.6 g/t Ag, 133.6 m @
highway 0.56 g/t Au, 6.5 g/t Ag
Nicho Zone: (Phase 2 Development) •
• 1116 Hectares Mineralized from surface to depths of over
250m • 2018 drilling highlights include:
• 2km town of 127.0m @ 0.81 g/t Au, 80.4m @ 1.05 g/t Au,
Tepoca, Sonora 247.9m @ 0.60 g/t Au
Nicho Norte Zone: (bulk test mining
completed) • Past drilling highlights include:
93.0m @ 1.03 g/t Au, 74.7m @ 0.78 g/t Au
Nicho Deposit
Minera Alamos
Minera Alamos - Santana Project Border
*Santana is 8500+ hectares
TSX.V:CBI 32Jackie Gold Project
Exploration 2021 Looking NW
• Prospecting: Prioritized Satellite Generated
Targets
• “Boots on the ground”
• Geological Mapping and Sampling
• Stream/Soil Sampling
• Magnetic Survey
• Lidar Survey
Looking NE
• 3D topographical modeling
• Government Data Compilation
TSX.V:CBI 33Management & Board Experience & Leadership 34
Leadership Team
Management has expertise in mineral exploration, mine development, business development, and corporate finance
Chairman/CEO/ Founder, Former President, CEO & Chairman of both Major Drilling International (TSX: MDI) and the
Ronald Goguen, Sr. President Beaver Brook Antimony Mine
Brian Crawford, CPA CFO/Director 30 Years experience as Financial Officer of public and private corporations
Founder & Past President of Skye Capital Corporation and Northern Lorena Resources. 20+ years of
Ian McGavney COO
experience in junior resource company operations, finance, and marketing
Accomplished geologist with 30+ years of global experience. Large company experience with
Jamie Lavigne Director
Cominco and Western Mining Corporation. VP Exploration for several junior mining companies
Roger Doucet Director Former Director of Exploration for Agnico-Eagle Mines - Mexico; Quebec Prospector of the year 1978
Jacques Monette Director 40 Years Experience as an Underground Mine developer
William MacDonald Director Past Director of Logistics at Landrill - a Mexico based diamond drilling company
Mr. Byberg is an accomplished mining executive who has over 40 years of international mining
Terry Byberg Director
experience
35Share Structure
Feb 25, 2021
TSX.V:CBI 36Share Structure
Ticker Symbol TSX Venture: CBI As of Feb. 25, 2021
Total Shares Outstanding 67,745,486
11,042,980 -15c until February 2023
1,423,000 - 15c until March 2023
6,384,000 – 10c until March 2022
Warrants: 25,308,480
2,280,000 – 10c until July 2022
3,260,000 – 10c until October 2022
962,500 – 12c until November 2022
300,000 - 15c until June 2021
2,300,000 – 10c until April 2023
Options: 5,300,000
1,500,000 – 10c until April 2028
1,200,000 – 5c until May 2025
Fully Diluted Shares 98,353,966
Insider & Management Ownership 30%
Retail Ownership 70%
37Summary
1. Active gold exploration projects with focus in Sonora Mexico
2. Projects are located in established Mining districts
3. Experienced Board of Directors & Management with track record of finding
economic deposits and bringing them to production
4. 2021 - Active exploration programs underway at Evelyn Gold Project, Pilar, El
Mezquite, Diamante ̴ steady news flow for investors
i. Exploration is underway by Colibri at Evelyn Project - leading to near term
drilling program(s)
ii. Partner at Pilar Gold Project is active. Expected to materially expand the
known deposit over the next 12 months – Colibri is a large shareholder
iii. Partner funded exploration at El Mezquite - Active mapping activity
underway - leading to near term drilling program
iv. Colibri soon to begin exploration at high priority targets at Diamante to
establish near term drilling targets
38Thank You
Colibri Resource Corporation
Suite 700-105 Englehart Street
Dieppe, New Brunswick E1A 8K2
Phone: (506) 383-4274
39 39
Email: info@colibriresource.com TSX Venture Exchange – CBIYou can also read
