Colibri Resource Corporation · TSXV:CBI
Colibri Resource — Investor Presentation (December 2019)
36 slides from Colibri Resource's investor presentation, Dec 1, 2019
Slide 1: Gold Exploration Corporate Presentation
Corporate GOLD EXPLORATION Presentation December 1 2019 SONORA, MEXICO “Driving Value through Discovery…” T S X Ve n t u r e - C B I
Slide 2: Forward Looking Statements
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 securiti
Slide 3: Macro Picture - Why Gold? Why Now?
Macro Picture -Why Gold? Why Now? Chart of 1929/1930 Crash • At the end of every bull run there is a bear! • Current US bull market is longest in history – 2nd largest run preceded the crash of 1929 • The higher the climb…the sharper the fall! • Gold has a nearly perfect inverse relationship of stoc
Slide 4: Introduction
Introduction Sonora State, Mexico QUICK FACTS ➢ Trades: TSX.V: CBI | FSE: 2CO ➢ Property Portfolio Focused on Sonora, Mexico ➢ Led by an Experienced Management Team and Board who have Found, Developed, and Managed Producing Mines CORPORATE STRUCTURE ➢ 64.8 million shares outstanding Hermosillo Offic
Slide 5: Why Mexico? Why Sonora?
Why Mexico? Why Sonora? 1. Mexico - 7th largest producer of gold globally at 130.5 tonnes in 2017 – (1st in silver production) 2. Mexico - Politically stable country – Mining friendly (approximately 4% of GDP) 3. Well Endowed Geologically – Sonora State represents the largest share of annual gold pr
Slide 6: Evelyn Gold Property
Evelyn Gold Property Caborca Area, Sonora
Slide 7: Evelyn Gold Property
Evelyn Gold Property ▪ Well located in the Sonora Gold Belt Sonora Gold Belt ▪ Same geological setting as major mines in the trend - Orogenic - type lode gold mineralization Evelyn USA/MEXICO BORDER ▪ Strong gold anomalies at surface – hosted in andesite and rhyolites ▪ Northwest/Southeast Trend con
Slide 8: Evelyn Gold Property - High Potential Exploration Opportunity
Evelyn Gold Property Early Stage Exploration High Potential Exploration Opportunity Caborca Gold Belt: Distribution of gold deposits that extend from northern Sonora southeasterly through the Evelyn deposit and northwesterly • 100% owned (No NSRs) through southern Arizona and California. These depos
Slide 9: Evelyn – Regional Claims Map
Evelyn – Regional Claims Map Colibri Fresnillo plc Argonaut Great Panther • Region is predominantly La Herradura staked by -Mexico’s largest gold mine -Open Pit – Heap leach Fresnillo plc -Responsible for more than 50% of all income for Fresnillo • Fresnillo is Mexico’s largest gold producer Noche B
Slide 10: Evelyn Gold Property - High Potential Exploration Opportunity
Evelyn Gold Property High Potential Exploration Opportunity To scale open pit mine footprints: La Choya – 33 km Evelyn Project - Colibri La Herradura Noche Buena >10M oz Au >2M oz Au La Herradura Mine – Fresnillo plc Current Resource: 10.2 million oz Au 2018 Production: 474k oz Au Evelyn Avg. grade:
Slide 11: Evelyn – Geology
Evelyn – Geology Regional Geology Similar geological setting as major mines/deposits in the district 11
Slide 12: Evelyn – Geology
Evelyn – Geology “The Evelyn property is underlain by rhyolitic, andesitic, and sandstone components of the Jurassic magmatic arc that are very common in north-central 2.74 g/t Au and northwestern Sonora. 2.97 g/t Au Some of these rocks are metamorphosed to low grade El Sahuaro Area 4.19 g/t Au such
Slide 13: Evelyn – Soil Sample Map & Mapping Notes
Evelyn – Soil Sample Map & Mapping Notes High value soil anomalies – recent grab • Soil Samples samples as high as 4.81 >100 ppb Au g/t Au (taken from exposed subcrop) (0.10 g/t) are significant in NW Sonora…where Extensive Sheet anomalous cut off grades veining gold in avg. 0.2 to 0.3 in quartz met
Slide 14: Evelyn quartz vein and soil anomalies
• S to N trending High Grade Quartz Soil anomaly Vein (exposed) at saddle which measures over 200m at surface • Vein sampling averages >10 g/t Au – vein averages 1m to 3m wide • High sample: 43.1 View from top of Saddle looking NE along quartz vein. g/t Au Strong soil anomalies are to the NE. View f
Slide 15: Evelyn – Upcoming Drilling – Jan. 2020
Evelyn – Upcoming Drilling – Jan. 2020 TSX Venture: CBI 15
Slide 16: Evelyn – Going Forward
Evelyn – Going Forward… ❑ Additional exploration focussed on soil anomalies to west ❑ Geophysical survey(s) – Magnetic & 3DIP(optional) ❑ Drilling – 750m+ program scheduled for Q1 2020 (widely spaced) ❑ Follow up drilling based on Q1 Drilling & Geophysics NNW-trending trust faults, schistosity and r
Slide 17: El Mezquite Gold Property
El Mezquite Gold Property Sierra Madre - Yecora Area, Sonora
Slide 18: El Mezquite Gold Property
El Mezquite Gold Property Early Stage Exploration High Potential Exploration Opportunity • 180 Hectares • Sierra Madre Occidental – Sonora Gold Belt, Mexico • Potential to host low grade / large tonnage deposits El Mezquite • 10 km NW of Tepoca, Sonora Mexico (175 km ESE of Hermosillo) • Between: La
Slide 19: El Mezquite: Exploration to Date
El Mezquite: Exploration to Date • 321 Rock Chip Samples • 42 showing high values (>0.10 g/t Au) (up to 3.41 g/t Au & 198 g/t Ag) • 3DIP & Mag survey completed over Eastern side of property – drill targets identified • Historical artisanal mines and workings – several yet to be mapped • Never been d
Slide 20: El Mezquite: Going Forward
Grab Samples (g/t Au) + El Mezquite: Going Forward ➢ Additional geochemical exploration focussed on surface anomalies – mapping and sampling ➢ Additional geophysical survey work on other targets ➢ Drilling TSX Venture: CBI 20
Slide 21: Pilar Gold Property
Pilar Gold Property Suaqui Grande Area, Sonora
Slide 22: Pilar Gold Property
Pilar Gold Property Moderate / Advanced Exploration • Near Surface Mineralization • Open Pit Potential, Oxidized, Heap Leach Potential, Low Sulfidation, Highly Fractured, Epithermal Mineralization • 51% Optioned to Tocvan Ventures (5 year schedule-Recently announced) • 12 km NE of Suaqui Grande, Son
Slide 23: Pilar: Exploration to Date
Pilar: Exploration to Date • Mineralized zone - 1,200m x 625m • 3 Mineralized Zones - drill tested and remain open on trend and at depth • Average metallurgical recovery: 92% (3 x 72 hour bottle roll tests) • 17,700m cumulative Drilling (Core & RC) • 2,650m of Channel/Trench Sampling • Trench sample
Slide 24: Pilar: Historic Drilling Highlights
Pilar: Historic Drilling Highlights 16.5m @53.4 g/t Au 40.5m @1.31 g/t Au 25.5m @1.07 g/t Au 66m @0.94 g/t Au 13.5m @ 9.64 g/t Au 9m @ 10.16 g/t Au 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 TSX Venture: CBI Topographic View of North Hill and Main Zone 24
Slide 25: Pilar: Going Forward
Pilar: Going Forward ➢ Advanced Modeling ➢ Resource Infill Drilling ➢ Exploration Drilling ➢ 43-101 Compliant Resource Calculation ➢ Preliminary Economic Assessment ➢ Potential Open Pit Heap Leach Operation TSX Venture: CBI 25
Slide 26: Management & Board
Management & Board Experience & Leadership
Slide 27: Leadership Team
Leadership Team Management is experienced 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 Bri
Slide 28: Share Structure
Share Structure As of: October 1, 2019
Slide 29: Share Structure
Share Structure Ticker Symbol TSX Venture: CBI Total Shares Outstanding 64,782,986 11,042,980 -15c until February, 2023 1,350,000 - 15c until March, 2023 Warrants: 24,316,980 6,384,000 – 10c until March, 2022 2,280,000 – 10c until July 2022 3,260,000 – 10c until October 2022 550,000 - 15c until June
Slide 30: Summary - Go Forward Plan
Summary 12 month Go Forward Plan – (Creating Value & News Flow) Complete proposed work on projects as follows: I. Mapping and Drilling at Evelyn II. Trenching, Mapping and Drilling at El Mezquite III. Prospecting at Jackie IV. Optionee explores Pilar Funding: $400k CAD – via Agnico Eagle Loan (up to
Slide 31: Thank You!
THANK YOU! Colibri Resource Corporation TSX Venture – CBI Suite 700-105 Englehart Street Phone: (506) 383-4274 Dieppe, New Brunswick E1A 8K2 TSX Venture: CBI Email: [email protected] Canada 31
Slide 32: Pitaya Property
Appendix 1 Pitaya Property Caborca Area, Sonora Mexico
Slide 33: Pitaya Property (JV Partnership with Agnico Eagle Mining)
Pitaya Property (JV Partnership with Agnico Eagle Mining) Advanced Exploration Commodity: Gold (Au) Size: 6564 hectares (65.64 Km²) Stage: Advanced Exploration Ownership: 24.45% (JV Partner Agnico Eagle: 75.55%) Location: Sonora State, Mexico Reserves: Not determined Nearby Exploration: Fresnillo -
Slide 34: Pitaya Property
Pitaya Property Extensive work completed on Project: >5 Moz • Drilling: 15,322 m >10 Moz Au • Drilling 2017: 7,642 m (27 holes) • Chip & Soil Samples: 2,700 + (>0.4 MozAu) • Ground Mag / SRK Extensive • Mapping & Modelling Extensive • Total Expenditures: $6.26 million USD • Expended in 2017: $1.36 m
Slide 35: Jackie Property
Appendix 2 Jackie Property High Sierra, Sonora Mexico
Slide 36: Jackie Property
Jackie Property Grass Roots Exploration • Property acquisition announced in October 2018 REGIONAL EXPLORATION • 1130 Hectares (2km SSW of El Mezquite) • High Sierra Madre – Sonora, Mexico Minera Alamos’ – Santana Project • No historic exploration or drilling Recent Drilling Results: (Nicho Deposit)
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