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Gran Colombia Gold Corp.
Summary
| Project: | Marmato | |
|---|---|---|
| Deposit: | Marmato | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 10/17/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-10-2017: Gran Colombia Gold Corp. announces an Exploration/Drilling Update report for its Marmato deposit at the Marmato project. Drilling results incl. 59.18m @ 3.09g/t Au, 3.62g/t Ag from 137.26m. TORONTO, CANADA, Tuesday, October 17, 2017 – Gran Col | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Stewart D. Redwood (Internal) | |
| ABSTRACT: | TORONTO, CANADA, Tuesday, October 17, 2017 – Gran Colombia Gold Corp. (TSX: GCM) announced results today from an ongoing underground exploration drilling program at its Marmato Project. Hole MND_282_03_17, drilled from Level 20, has intercepted an interval of “Deeps style” of mineralization at a vertical depth of about 1,000 meters below surface and about 25 meters vertically below Level 21, which returned an overall grade of 3.09 g/t Au over a core length of 59.18 meters, including a higher-grade sub section of 4.00 g/t Au over 40.40 meters. Serafino Iacono, Executive Co-Chairman of Gran Colombia, commented: “We continue to be encouraged by the exploration results we are seeing at Marmato ahead of a more substantial drilling program that we have planned for next year to continue expanding our understanding of the total mineral resource potential of the deposit. Following on our recent announcement of an underground Mineral Resource estimate for Marmato, this latest intersection corroborates our confidence in the presence of a high-grade core within a wider halo with a lower grade in the “Deeps” zone below the current operating mine. The deep mineralization remains open for continued expansion along strike and at depth and has the potential to expand the mine life at our Marmato operations.” Hole MND_282_03_17 belongs to an underground drilling campaign targeted to explore the down-dip extension of the typical vein mineralization between Level 21, the deepest level of the existing operating mine, and Level 24. | |
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