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Caldas Gold Corp.
Summary
| Project: | Marmato | |
|---|---|---|
| Deposit: | Marmato | |
| Location: | Colombia | |
| Commodities: | Silver-Gold | |
| Date: | 5/13/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-5-2020: Caldas Gold Corp. announces an Exploration/Drilling Update report for its Marmato deposit at the Marmato project. Drilling results incl. 430.52m @ 1.82g/t Au, 1.6g/t Ag from 337.05m. TORONTO, May 13, 2020 -- Caldas Gold Corp. (TSX-V: CGC) annou | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stewart R. Redwood (Internal) | |
| ABSTRACT: | TORONTO, May 13, 2020 -- Caldas Gold Corp. (TSX-V: CGC) announced today additional higher-grade gold intercepts over broad widths from the final ten diamond drill holes (7,120 meters) drilled in the Marmato Deeps Zone (“MDZ”), completing the extension of the 2019 Phase 2 infill drilling program at its Marmato Project in Caldas, Colombia. This latest drilling, which was successful in extending the recently discovered New Zone (“NZ”) along strike to more than 400 meters, was designed to test the strike extension of the NZ to the southeast and the down plunge extension of the Main Zone (“MZ”) below the 600 meters level that was set as the bottom of the Indicated Resources for the upcoming pre-feasibility study (“PFS”), which is expected to be finalized in mid-2020. High-grade mineralization over a broad width was also intercepted in hole MT-IU-062, representing a potential new zone (“NZ2”) south of the MDZ. This zone is anticipated to be accretive to overall global resource growth as the mineralization lies either outside the boundary of the current mineral resource estimate block model for the MZ or in areas that were previously estimated to be below the cut-off grade due to lack of information. Serafino Iacono, Chairman and Interim Chief Executive Officer of Caldas Gold, commented, “Our enthusiasm continues to build as the NZ continues to deliver robust gold grades of a size that begins to resemble the MZ. | |
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