Colombian Mines Purchases El Dovio Surface Rights
24 Fevereiro 2014 - 11:00AM
Marketwired
Colombian Mines Purchases El Dovio Surface Rights
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 24, 2014) -
Colombian Mines Corporation (TSX-VENTURE:CMJ)(FRANKFURT:X6C)
("Colombian Mines" or the "Company") is pleased to announce the
Company has successfully negotiated the purchase of approximately
35 hectares of surface real estate covering all known and
prospective mineralization and surrounding areas at El Dovio.
This important acquisition, at a very reasonable price, on a
"willing buyer - willing seller" basis, assures the Company future
access for exploration and development of the Sabana Blanca, Brazo
1 and other zones. Included in the purchase is significant
infrastructure including housing, outbuildings, and installed grid
electricity that will enhance future programs and reduce future
operating expenses.
This important and strategic opportunity came about when the
owner approached the Company and indicated a desire to sell the
property. The Company enjoys very good relations with the former
owner, the local community and all stake holders, and is pleased
that the owner sought to sell to the Company before offering to
third parties, eliminating potential for speculation. The
consolidation of mineral and surface rights benefits the Company in
many ways, ensuring access for current and future exploration and
development programs, improving operational flexibility on a going
forward basis and simplifying environmental management as a
consolidated unit.
About El Dovio: The Company's 100% owned El Dovio project, is
comprised of 10,106 hectares, in four contiguous Concession
Contracts that cover a high grade, gold rich, poly-metallic vein
system hosted in metamorphosed marine volcanic rocks. Saw cut,
surface channel samples from trenches in the Sabana Blanca zone
indicate a zone ranging from 30 to 68 meters wide with an average
sampled grade of 4.5 grams gold per tonne (g/T Au) and 0.5 to 2%
copper (Cu) with sub-intervals to 27 g/T Au over 7 meters and
individual samples ranging from 20 to 104 g/T Au. Recently
completed Phase I drilling consistently intersected high grade
mineralization consistent with surface results and confirms the
down dip extension of mineralization, which remains open to
extension on strike and at depth.
Up Coming Events:
Colombian Mines will be exhibiting at PDAC in Session A, Sunday
and Monday, March 2nd and 3rd in booth 2215A. The Company will also
be exhibiting the El Dovio project in the Core Shack Session B,
Tuesday and Wednesday March 4th and 5th, and will be making a
corporate presentation Tuesday, March 4 at 4:40 PM, Session Gold -
Americas 3, Room 801A, MTCC, South Building.
About Colombian Mines Corporation: Colombian Mines Corporation
is an aggressive exploration and development stage company with a
distinct "first mover" advantage in Colombia. Focused on developing
shareholder value through exploration and development of key
projects, the Company is also one of Colombia's leading "prospect
generators". Further information can be found on our website at
www.colombianmines.com.
Robert G. Carrington, President & CEO
Neither the TSX Venture Exchange nor the Investment Industry
Regulatory Organization of Canada accepts responsibility for the
adequacy or accuracy of this release.
Forward-Looking Statement
Some of the statements in this news release contain
forward-looking information that involves inherent risk and
uncertainty affecting the business of Colombian Mines Corporation.
Actual results may differ materially from those currently
anticipated in such statements.
Colombian Mines CorporationSharon HebginCorporate
Communications(604) 649-9195 (Canada)(760) 668-7211 (United
States)shebgin@colombianmines.comColombian Mines CorporationDave
CrossChief Financial Officer and Corporate Secretary(604)
669-0868dcross@crossdavis.comwww.colombianmines.com
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