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Gran Colombia Gold Corp.

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Summary

Project:

Segovia

Deposit:Segovia
Location:Colombia
Commodities:Silver-Gold
Date:5/14/2020
Report Code:NI43-101
Report Type:Pre-Feasibility Study
Project Stage:Pursuing Resource Increase/Upgrade
Report details:14-5-2020: Gran Colombia Gold Corp. announces a Pre-Feasibility Study report for its Segovia deposit at the Segovia project. PFS results incl. post-tax NPV (5%) of US$138.8M. This report was prepared as a prefeasibility-level Canadian National Instrument
Resources:(Reserves, P+P): 1.98Mt @ 10.5g/t Au (670koz Au)
CP/QP:[Overall Report]: Jeff Osborn, Ben Parsons, Eric Olin, Cristian Pereira, David Bird, Fredy Henriquez, Fernando Rodrigues, Joshua Sames, Mark Willow (SRK Consulting (US) Inc.)
ABSTRACT:This report was prepared as a prefeasibility-level Canadian National Instrument 43-101 (NI 43-101) Technical Report (Technical Report) for Gran Colombia Gold Corp. (GCG or Company) by SRK Consulting (U.S.), Inc. (SRK) on the Segovia Project, which is comprised of several areas named Providencia, El Silencio, Sandra K, Carla, and Las Verticales Veins System (Las Aves, Pomarosa and Pomarosa 2 shears). The Las Verticales Vein System is currently considered to be at the exploration stage and is therefore reported within the Mineral Resources but is excluded from the prefeasibility study due to the level of confidence at the current stage. The metric system has been used throughout this report. Tonnes (t) are metric of 1,000 kg, or 2,204.6 lb. All currency is in U.S. dollars (US$) unless otherwise stated. 1.1 Property Description and Ownership The Segovia Project (Segovia or the Segovia Project) is a gold mining complex located in Colombia’s Segovia-Remedios mining district, Department of Antioquia, north-west Colombia approximately 180 kilometers (km) northeast of Medellín (the Department capital of Antioquia), at 74° 42’ W and 7° 04’ N. Within the Segovia Project area, the Company is current producing from three underground mines, Providencia, El Silencio and Sandra K. The Carla Project (Carla, or the Carla Project) is a development stage project located approximately 10 km southeast of Segovia at approximately 7° 04’ 18.0’’ N, 74° 41’ 55.5’ W

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