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Caldas Gold Corp.
Summary
| Project: | Marmato | |
|---|---|---|
| Deposit: | Marmato | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 3/2/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-3-2020: Caldas Gold Corp. announces an Exploration/Drilling Update report for its Marmato deposit at the Marmato project. Drilling results incl. 87.15m @ 3.9m frin 685.7m. TORONTO, March 02, 2020 -- Caldas Gold Corp. (TSXV: CGC) announced today that dri | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stewart D. Redwood (Not stated) | |
| ABSTRACT: | TORONTO, March 02, 2020 -- Caldas Gold Corp. (TSXV: CGC) announced today that drill hole MT-IU-053A was successful in extending the recently discovered New Zone (“NZ”) down-plunge by more than 200 meters at its Marmato Project in Caldas, Colombia. This drill hole, part of the 2019 Phase 2 drilling campaign, was initially planned to 600 meters depth and was extended to 800 meters depth to test the down-dip continuity of the high-grade intersection intercepted by drill hole MT-IU-050 that was reported previously in Gran Colombia Gold Corp.’s (TSX: GCM; OTCQX: TPRFF) press release issued on February 3, 2020. In drill hole MT-IU-053A, the down-plunge extension of the NZ was intersected at an elevation of 544 meters and has continuous high-grade mineralization down to an elevation of 460 meters. The zone remains open at depth. Assay results from this drill hole returned a high-grade interval with results as follows: Serafino Iacono, Interim Chief Executive Officer of Caldas Gold, commented, “Although still at a very early stage, this New Zone is proving to be an exciting new discovery as we have outlined a continuous down-plunge zone on the northern margin of the Main Zone (“MZ”), | |
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