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 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. 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. TSX Venture: CBI 2
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 ➢ 59.1 million shares outstanding ➢ 86.6 million shares fully diluted Hermosillo Office ➢ Based in Moncton, New Brunswick, Canada FIVE EXPLORATION PROJECTS IN SONORA, MEXICO ➢ Pilar ➢ Evelyn ➢ El Mezquite ➢ Pitaya – JV with Agnico Eagle (being sold) ➢ Jackie TSX Venture: CBI 3
Why Mexico? Why Sonora? 1. Mexico - 8 th largest producer of gold globally at 125 million metric tons – (1 st 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 production in the country 4. Sonora has an affordable & experienced labour force and materials are easily sourced 5. All Colibri projects are geographically near producing or past producing mines 6. 4 of 5 of Colibri’s exploration projects have historic artisanal mining on property – increased probability of finding additional deposits using modern science
Pilar Gold Property Suaqui Grande Area, Sonora
Pilar Gold Property Moderate / Advanced Exploration • 12 km NE of Suaqui Grande, Sonora, Mexico • 100% owned (no royalties) • Near Surface Mineralization • Open Pit Potential, Oxidized, Heap Leach Potential, Low Sulfidation, Highly Fractured, Epithermal Mineralization Focus of Property Gold Exploration Highly Fractured and Oxidized Host Rock 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 TSX Venture: CBI 6
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 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 Guadaloupana claims • Extensive Chip Samples & Soil Samples (mapped) • 92 Samples averaged 1.22 g/t Au TSX Venture: CBI • Au in Soils in undrilled area reach as high as 2.03 g/t Au 7
Pilar: Trenching and Soil Samples Trench Sample Highlights Sample in Meters Grade Au (g/t) 4 Trench h Zone 6 28 9 7.72 12 4.4 North Hill 3 55.4 Zone Main Zone Main Zone Trench work Trench work Guadaloupana Claim Metallurgical Recovery 3 Test Average : La Sonora Claim 92% Gold in Soil Survey – La Sonora Claim 72 hour bottle roll TSX Venture: CBI 8
Pilar: Historic Drilling Highlights 40.5m @1.31 g/t Au 16.5m @53.4 g/t Au 25.5m @1.07 g/t Au 66m @0.94 g/t Au 13.5m @ 8.92 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 9
Pilar: Historic Drilling Highlights (continued) Hole ID Intercept (m) Results (g/t) Operator Hole ID Intercept (m) Results (g/t) Operator S-10 16.5 53.47 SCM JES-18-03 13.5 5.64 CBI Q-8b 13.5 9.64 SCM incl. 9 8.16 CBI P-8 15 1.06 SCM incl. 1.5 33.4 CBI P-9b 9 10.16 SCM JES-18-04 28.5 0.57 CBI N-8c 4.5 2.59 SCM JES-18-07 12 0.52 CBI K-16 7.5 3.3 SCM incl. 3 1.74 CBI R-8 6 2.19 SCM JES-18-19 45 0.73 CBI PP-8 7.5 1.07 SCM incl. 3 5.37 CBI P-8b 43.5 0.65 SCM JES-18-24 61.5 0.75 CBI PP-8c 12 2.15 SCM incl. 1.5 17.3 CBI R-8c 9 2.36 SCM JES-18-25 3 5.4 CBI 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 3D – Mineralized Envelope (0.20 g/t Au cut off) 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 North Hill 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 Main Zone TSX Venture: CBI JESP-13-15 66 0.94 CGR and 1.5 7.36 CGR 10
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 11
Evelyn Gold Property Caborca Area, Sonora
Evelyn Gold Property Early Stage Exploration High Potential Exploration Opportunity • Acquired in 2008 • 506 hectares - located in northwest Sonora, Mexico • Easy access : 150 kilometres northwest of the capital Evelyn city, Hermosillo • Pitaya JV “Great Address!” • 30km from La Herradura Gold Mine (Fresnillo PLC) • FY17 Production: 473,638 Oz Au • 9km from Noche Buena Gold Mine (Industrias Penoles) • FY2017 Production: 172,282 Oz Au • On strike with the El Chanate Gold Mine (Alamos Gold) • FY2015 Production 79,312 Oz Au • Initial soil and rock chip sampling work has been *In addition… structural study indicates a similar setting to the completed large orogenic deposit of Noche Buena. Possible low grade / high • Highlight: Quartz vein in outcrop sampled an average tonnage gold deposit(s)! of 10 g/t Au over 80m. Average vein width: 1.5m TSX Venture: CBI • Heavy artisanal placer mining activity on property 13
Evelyn: Structure & Mineralization • SSW to NNE trending Quartz Vein (exposed) at saddle measures over 130m at surface • 80m sampled over vein averages over 10 g/t Au – vein averages 1m to 3m wide TSX Venture: CBI NW trending Structure - (A typical orientation for gold deposits in NW Sonora) 14
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