11:49 AM EDT, 03/13/2026 (MT Newswires) -- Colibri Resource ( CRUCF ) on Friday reported assay results from its maiden phase one reconnaissance reverse-circulation drill program completed at the Plomo claims within the EP gold project in Mexico.

Highlights include 7.5 meters of 2.92 grams per tonne (g/t) gold and 30 m of 0.73 g/t gold.

The company said it intersected gold mineralization in 18 of 22 holes.

"These results continue to strengthen our belief that the EP gold project hosts one or more significant gold system within the Caborca gold belt," President and Chief Executive Officer Ian McGavney said.

Colibri said it is currently evaluating follow-up drill programs designed to test the continuity of mineralization along the San Perfecto corridor and to further evaluate the potential for near-surface mineralization identified in several drill holes.

The company's shares were last seen up $0.01 to $0.14 on the TSX Venture Exchange.

Price: 0.14, Change: +0.01, Percent Change: +7.69