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Caldas Gold Corp.
Summary
| Project: | Marmato | |
|---|---|---|
| Deposit: | Marmato | |
| Location: | Colombia | |
| Commodities: | Gold | |
| Date: | 7/6/2020 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-7-2020: Caldas Gold Corp. announces a Resource Estimation report for its Marmato deposit at the Marmato project. Updated Mineral Resource Estimate for Project. TORONTO, July 06, 2020 -- Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF) announced today that i | |
| Resources: | (Resources, M+I): 39.4Mt @ 3.2g/t Au (4Moz Au) | |
| CP/QP: | [Resource] Ben Parsons (SRK Consulting (US) Inc.) | |
| ABSTRACT: | TORONTO, July 06, 2020 -- Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF) announced today that it has completed an updated Mineral Resource estimate for its Marmato Project prepared in accordance with the Canadian Institute of Mining Metallurgy and Petroleum (“CIM”) Definition Standards incorporated by reference in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) with an effective date of March 17, 2020. Caldas Gold also announced today that SRK Consulting (U.S.), Inc. (“SRK”) has completed preliminary results of a Preliminary Feasibility Study (“PFS”) for the Marmato Project effective March 17, 2020 and is currently finalizing the technical report to be prepared in accordance with NI 43-101 and filed on SEDAR and the Company’s website in August 2020. Serafino Iacono, Chairman and CEO of Caldas Gold, commented “We are very pleased with the results in the PFS for the Marmato Project. The study affirms the economic viability of the project and the strength and potential for upside validating Wheaton Precious Metals’ decision to enter into a US$110 million stream transaction as part of our financing for the expansion of our mining operations. With a continuation of our drilling programs in the Deeps Mineralization, we are confident that we will be able to continue to expand Mineral Resources at Marmato and add to the mine life.” | |
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