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Colibri Resource Corp.
Summary
| Project: | El Mezquite | |
|---|---|---|
| Deposit: | El Mezquite | |
| Location: | Mexico | |
| Commodities: | Gold-Silver-Lead-Zinc | |
| Date: | 4/18/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-4-2019: Colibri Resource Corp. announces a Supporting Acquisition report for its El Mezquite deposit at the El Mezquite project. Property of merit report for El Mezquite. The El Mezquite property is currently controlled by the Mexican entity Yaque Mine | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Rodrigo Calles-Montijo (Servicios Geologicos IMEx. S.C.) | |
| ABSTRACT: | The El Mezquite property is currently controlled by the Mexican entity Yaque Minerales, S.A. de C.V (Yaque Minerales). At the date of this report, Colibri Resources intends to initiate acquisition of Yaque Minerales. The original Mineral Rights are protected by the mineral concession No. 222106, named El Mezquite, issued in favor of Jorge Murrieta Valenzuela (75%) and Gerardo Sotomayor Ibarra (25%). The mineral rights protected by the mining claim El Mezquite have been negotiated several times since February 03, 2010. All these negotiations have been coordinated by geologist Jackie E. Stephens, originally as a representative of the company Minera Bestep, S.A. de C.V. and lately as a representative of the company Yaque Mineral S.A. de C.V A Letter of Intent for an Option to Purchase El Mezquite property was signed on February 03, 2010 by the owners of the concession in favor of Minera Bestep, S.A. de C.V. This agreement was formalized in June 2014, for the transfer of the 100% of the rights for exploration, with a purchase option for the property. The transaction was approved by the governmental office of the Mexican Public Mining Registry in a document signed on June 16th 2011. The original purchase price of the property was established at US$ 1,000,000 (VAT included) purchase of 100% of the mineral rights of the concession. There was a 1% NSR within the original agreement to be carried forward. | |
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