TSX Ventur e - CBI
March 2019
Corporate Presentation
Delivering Value Through Exploration TSX Ventur e - CBI Corporate - - PowerPoint PPT Presentation
Delivering Value Through Exploration TSX Ventur e - CBI Corporate Presentation March 2019 Forward Looking Statements This presentation is strictly confidential and must not be copied, distributed, circulated or disseminated without the
TSX Ventur e - CBI
March 2019
Corporate Presentation
TSX Venture: CBI
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
“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. Jackie Stephens P.Geo., who is a qualified person under National Instrument 43-101 and is independent of the Corporation, has reviewed the scientific and technical information related to geology and exploration in this presentation.
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TSX Venture: CBI
3 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
➢ 59.1 million shares outstanding ➢ 86.6 million shares fully diluted ➢ Based in Moncton, New Brunswick, Canada
FIVE EXPLORATION PROJECTS IN SONORA, MEXICO ➢ Pilar ➢ Evelyn ➢ El Mezquite ➢ Pitaya – JV with Agnico Eagle (being sold) ➢ Jackie
Sonora State, Mexico
Hermosillo Office
metric tons – (1st in silver production)
(approximately 4% of GDP)
share of annual gold production in the country
materials are easily sourced
past producing mines
mining on property – increased probability of finding additional
deposits using modern science
Suaqui Grande Area, Sonora
TSX Venture: CBI
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Sulfidation, Highly Fractured, Epithermal Mineralization
Focus of Property Gold Exploration Location Near Suaqui Grande, Mexico Closest large center - Hermosillo, Sonora (2.5 Hour Driving Distance) Development Stage Moderate / Advanced Exploration Metals Gold with Silver Credit Deposit Type Low Sulfidation, Epithermal, Volcanic host, Highly Fractured, Oxidized, Altered Moderate / Advanced Exploration
Highly Fractured and Oxidized Host Rock
TSX Venture: CBI
and at depth
tests)
claims
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TSX Venture: CBI
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Main Zone North Hill Zone 4 Trench h Zone
Guadaloupana Claim La Sonora Claim
Gold in Soil Survey – La Sonora Claim
Sample in Meters Grade Au (g/t) 6 28 9 7.72 12 4.4 3 55.4 Trench Sample Highlights
Main Zone
Trench work Trench work
Metallurgical Recovery 3 Test Average :
92%
72 hour bottle roll
TSX Venture: CBI
9 40.5m @ 0.73 g/t Au 3m @ 5.4 g/t Au 16.5m @53.4 g/t Au 25.5m @1.07 g/t Au 9m @ 10.16 g/t Au 13.5m @ 8.92 g/t Au 61.5m @ 0.75 g/t Au 66m @0.94 g/t Au 9m @ 8.14 g/t Au 40.5m @1.31 g/t Au
Topographic View of North Hill and Main Zone
TSX Venture: CBI
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3D – Mineralized Envelope (0.20 g/t Au cut off) Main Zone North Hill
Hole ID Intercept (m) Results (g/t) Operator JES-18-03 13.5 5.64 CBI incl. 9 8.16 CBI incl. 1.5 33.4 CBI JES-18-04 28.5 0.57 CBI JES-18-07 12 0.52 CBI incl. 3 1.74 CBI JES-18-19 45 0.73 CBI incl. 3 5.37 CBI JES-18-24 61.5 0.75 CBI incl. 1.5 17.3 CBI JES-18-25 3 5.4 CBI Hole ID Intercept (m) Results (g/t) Operator S-10 16.5 53.47 SCM Q-8b 13.5 9.64 SCM P-8 15 1.06 SCM P-9b 9 10.16 SCM N-8c 4.5 2.59 SCM K-16 7.5 3.3 SCM R-8 6 2.19 SCM PP-8 7.5 1.07 SCM P-8b 43.5 0.65 SCM PP-8c 12 2.15 SCM R-8c 9 2.36 SCM Q-11b 4.5 1.24 SCM and 9 1.46 SCM and 12 3.9 SCM Hole ID Intercept (m) Results (g/t) Operator J-3 3 3.05 CGR J-7 3 7.91 CGR JES-10 60 0.58 CGR JES-12 40.5 1.31 CGR JES-15 10.5 1.01 CGR and 4.5 1.93 CGR JES-17 3 1.13 CGR JES-25 4.5 1.04 CGR and 3 1.38 CGR JESP-12-4 3 3.44 CGR and 21 0.84 CGR JESP-12-18 3 1.25 CGR JESP-13-15 66 0.94 CGR and 1.5 7.36 CGR
TSX Venture: CBI
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➢ Advanced Modeling ➢ Resource Infill Drilling ➢ Exploration Drilling ➢ 43-101 Compliant Resource Calculation ➢ Preliminary Economic Assessment ➢ Potential Open Pit Heap Leach Operation
Caborca Area, Sonora
TSX Venture: CBI
13 High Potential Exploration Opportunity
city, Hermosillo
PLC)
Penoles)
Gold)
completed
Pitaya JV
Evelyn Early Stage Exploration
*In addition… structural study indicates a similar setting to the large orogenic deposit of Noche Buena. Possible low grade / high tonnage gold deposit(s)!
TSX Venture: CBI
Quartz Vein (exposed) at saddle measures
averages over 10 g/t Au – vein averages 1m to 3m wide NW trending Structure - (A typical orientation for gold deposits in NW Sonora) 14
TSX Venture: CBI View from top of Saddle looking toward Noche Buena Mine 9km to SW
Noche Buena Mine
Soil anomaly
View from top of Saddle looking NE along quartz vein. Strong soil anomalies are to the NE.
Quartz Vein Extension
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Noche Buena (Fresnillo)
➢ Additional Exploration focussed on soil anomalies ➢ Geophysical surveys – 3DIP & Magnetic ➢ Drilling
Soil Sample Map
*Soil Samples >100 ppb are significant in NW Sonora where cut
to 0.3 ppm Qtz vein at Saddle
Soil anomaly
Yecora Area, Sonora
TSX Venture: CBI
El Mezquite El Mezquite Project
Gold Belt, Mexico
tonnage deposits
Mexico (175 km ESE of Hermosillo)
North East)/La India Mine (50km North East) and La Colorada Mine (100km North West)
skilled workforce
Convertible Debenture at $0.20 per share 17 Early Stage Exploration High Potential Exploration Opportunity
TSX Venture: CBI
identified
property which also has historical obras (workings) 18
TSX Venture: CBI
➢ Additional geochemical exploration focussed on surface anomalies – mapping and sampling ➢ Additional geophysical survey work on other targets ➢ Drilling
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+ Grab Samples (g/t Au)
Experience & Leadership
TSX Venture: CBI
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Management is experienced in mineral exploration, mine development, business development, and corporate finance. Ronald Goguen, Sr.
Chairman/CEO/ President Founder, Former President, CEO & Chairman of both Major Drilling International (TSX: MDI) and the Beaver Brook Antimony Mine
Brian Crawford, CPA
CFO 30 Years Experience as Financial Officer of Public and Private Corporations
Ian McGavney
COO Founder & Past President of Skye Capital Corporation and Northern Lorena Resources. Nearly two decades of experience in junior resource company operations, finance, and marketing
Ed Stringer
Director 50 Years in the Mineral Exploration Business; Former CEO of Britannia Mine (sold to Hudbay Minerals)
Paul Bartos, Ph.D.
Director Noted Authority on Epithermal Gold Deposits; Principal Geologist, AngloGold Ashanti; Extensive Experience in Latin America
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 Retired; Former Director of Logistics for a drilling company in Mexico
As of: March 15, 2019
TSX Venture: CBI
23 Ticker Symbol TSX Venture: CBI Total Shares Outstanding 59,082,986 Warrants: 23,239,480 4,462,500 - 25c until Sept, 2019 11,042,980 -15c until February, 2023 1,350,000 - 15c until March, 2023 6,384,000 – 10c until March, 2022 Options: 4,325,000 550,000 - 15c until June, 2021 1,975,000 – 10c until April, 2023 1,800,000 – 10c until April, 2028 Fully Diluted Shares 86,647,466 Insider & Management Ownership Retail Ownership 40% 60%
TSX Venture: CBI
12 month Go Forward Plan – (Creating Value & News Flow)
1) Sell Pitaya interest 2) Complete proposed work on current projects Priority Work: i. Trenching, Mapping and Drilling at El Mezquite ii. Geophysics, Mapping and Drilling at Evelyn iii. Structure Study and Trenching at Pilar iv. Prospecting at Jackie 3) Joint Venture 1 or more projects (Evelyn, Pilar, El Mezquite & Jackie)
Budget: $1.5 Million USD ($2 million CDN)
❖ $0.5 Million USD ($0.65 million CDN) - Pitaya sale proceeds ❖ $1.0 Million USD ($1.35 Million CDN – via Private Placement) 24
TSX Venture: CBI
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Colibri Resource Corporation Suite 700-105 Englehart Street Dieppe, New Brunswick E1A 8K2 Canada TSX Venture – CBI Phone: (506) 383-4274 Email: info@colibriresource.com
Caborca Area, Sonora Mexico
Appendix 1
TSX Venture: CBI
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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 - Tajitos Project (>400 Koz Au) – 2km (E) Nearby Mines: Fresnillo - La Herradura (>10 Moz Au) – 40km (NW) Fresnillo - Noche Buena (>1 Moz Au) – 10km (W) Minera Alamos - El Chanate (>1 Moz Au) – 30km (SE) Fresnillo - Soledad Dipolos (> 400 Koz Au) – 25km (NE)
PLIEGUE NORTH ZONE
Advanced Exploration
TSX Venture: CBI
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Extensive work completed on Project:
15,322 m
7,642 m (27 holes)
2,700 +
Extensive
Extensive
$6.26 million USD
$1.36 million USD Regional Perspective
GO FORWARD PLAN: Sell interest in project - Expected Proceeds $500,000 USD (or greater)
>10 Moz Au (>0.4 MozAu) >5 Moz
High Sierra, Sonora Mexico
Appendix 2
TSX Venture: CBI
30 Minera Alamos’ – Santana Project
Recent Drilling Results: (Nicho Deposit)
Au (from surface) – Oct. 11, 2018
Au – Oct. 17, 2018
Au, 9.8 g/t Ag and 0.33 per cent copper (1.47 g/t Au equivalent) – Divisadero Discovery – Oct. 25, 2018
REGIONAL EXPLORATION
Grass Roots Exploration
Jackie
M
Jackie Claim
El Mezquite
Sierra Madre Occidental
Going Forward: 2019 Plans
Potential:
Multi - Large tonnage / Low Grade deposits