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Gran Colombia Gold Corp.
Summary
| Project: | Marmato | |
|---|---|---|
| Deposit: | Marmato | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 3/13/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 13-3-2017: Gran Colombia Gold Corp. announces an Exploration/Drilling Update report for its Marmato deposit at the Marmato project. Drilling results incl. 8.98m @ 20.99g/t Au, 7.11g/t Ag from 112.32m. Gran Colombia Gold Corp. (TSX: GCM) announced today th | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stewart R. Redwood (Internal) | |
| ABSTRACT: | Gran Colombia Gold Corp. (TSX: GCM) announced today the results of its recently completed 2016 diamond infill drilling program at the Segovia Operations. The Company also completed a small underground infill drilling program in 2016 to explore the extension of the mineralization in the Marmato Underground mine. Infill drilling at Segovia was aimed to increase confidence levels of the mineral resources at both the Providencia and Sandra K mines and was carried out in areas where sparse previous surface drilling had intersected high gold grades. High gold grades generated from 74 drill holes (9,472 metres) were intersected on both vein systems with maximum grades of 134.6 g/t Au and 95.4 g/t Ag over 0.73 metres on the Providencia Vein, and 43.2 g/t Au with 37.5 g/t Ag over 2.05 metres on the Sandra K Techo Vein, part of the Sandra K vein system. At Marmato, one of the holes in a small underground drilling campaign, MND-11-16, intersected 8.98 m at 20.99 g/t Au and 7.11 g/t Ag from 112.32 m to 121.30 m depth followed by 50.40 m at 2.20 g/t Au and 3.32 g/t from 121.30 m to the end of the hole at 171.70 m. Serafino Iacono, Executive Co-Chairman of Gran Colombia Gold, commented: "We are pleased to report that the results for the latest Providencia exploration infill drilling campaign are significant for two reasons. First, infill drilling confirms the high-grade mineralized extension of the main ore body to the west of current production levels, and second, this drilling confirms the presence of another high-grade ore body at the east end of Level 12, which could increase Providencia’s overall underground mine production in the medium term. Furthermore, we are pleased to report that the newly confirmed deep mineralization at Marmato is closer to the current mine workings and opens the potential for a completely different mining scenario which the Company will carefully assess." | |
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