Colombian Mines Reports, High Resolution Geophysics Identifies 20 High Priority Targets at Mercedes & Provides El Dovio Drill...
20 Maio 2014 - 11:48AM
Marketwired
Colombian Mines Reports, High Resolution Geophysics Identifies 20
High Priority Targets at Mercedes and Provides El Dovio Drilling
Update
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 20, 2014) -
Editors Note: There is a photo associated with this press
release.
Colombian Mines Corporation ("Colombian Mines" or the "Company")
(TSX-VENTURE:CMJ)(FRANKFURT:X6C) is pleased to report
interpretation of high resolution airborne magnetometry and
radiometric surveys has been completed at Mercedes. State of the
art modeling and interpretation has identified 20 highly
prospective anomalies within a newly identified structural corridor
more than eight (8) kilometers long and six (6) kilometers wide
that is bound by a distinct geophysical lineament termed the DWI
trend. The Company has previously reported sample results from
surface outcrops within the DWI trend ranging from 264 to 1,120
grams per metric tonne silver (g/T Ag), 0.992 to 49.8 grams per
metric tonne gold (g/T Au) and 3.88 to 26.47% copper (Cu). Magnetic
and radiometric anomalies indicate potential to expand these
occurrences and discover additional vein and porphyry style
mineralization on the property.
Using "state of the art" software and interpretation techniques
including 3D magnetic vector inversion voxel modeling, consulting
geophysicist, Robert Ellis, with EGC Inc. of Reno, Nevada prepared
additional products from the high resolution airborne magnetic and
radiometric data collected by MPX Geophysics, the acquisition
contractor. The approach was to invert the aeromagnetic data to a
3D solid of the magnetic susceptibility. This process creates a
block model (voxel) of magnetic susceptibility that's computed
effect fits the observed total field response within specified
parameters. Depth plans and sections were generated through the
susceptibility model to more easily compare known geology with
estimates of the depth and geometry of magnetic sources.
Maps of the Magnetization Vector Inversion ("MVI")
Susceptibility Amplitude taken at 200 meters below the surface and
the Vertical Derivative Reduced to Pole ("VDRTP") clearly show the
DWI trend and interpreted graben. The map of the MVI Susceptibility
Amplitude may be viewed by clicking here and the VDRTP may be
viewed by clicking here or visiting the Mercedes project section of
the Company's website. A composite level model of the magnetic
susceptibility from the surface to 2,000 meters is available for
viewing on the Company's website or by clicking here.
Magnetic and radiometric anomalies indicate east-west,
west-northwest and northwest tensional "pull apart" structures
within the structural corridor. Tensional structures commonly form
low pressure, open spaces, critical for the movement and deposition
of vein minerals from metal bearing fluids. The large Quebrada
Cobre vein with a strike length of roughly seven (7) kilometers and
observed vein widths locally approaching 30 meters is considered by
the Company to be one such vein structure. The Company believes
there is high potential to discover other similar structures within
this corridor. Similar corridors with tensional structures host
major mineral deposits in Colombia and around the world. Virtually
all of the mineralization in the California and Vetas districts of
Colombia is related to a similar system.
The completion of the inversion modeling and the resulting
interpretation is an important step forward in the exploration and
understanding of the Mercedes project. To date all known high grade
mineral occurrences but one, are located within the structural
corridor and the bounding DWI trend. Zones of high magnetization
flank the structural corridor and are interpreted to be dominated
by intrusive rocks with strong potential to host porphyry style
mineralization.
About Mercedes: The 100% owned, 5,000 hectare, Mercedes contract
covers a district scale volcano-sedimentary hosted, intermediate
sulfidation epithermal system with outcropping high grade
gold-silver-copper mineralization. Surface reconnaissance of the
principal belt of mineralization which includes Fillon Amarillo
(Yellow Ridge), the Don Wilson and Imba zones has returned sample
results from surface outcrops as previously reported by the Company
ranging from .992 to 49.8 g/T Au, 264 to 1,120 g/T Ag and 3.88 to
26.47% Cu over an area roughly 2.8 kilometers long and 1 kilometer
wide. Work to date indicates at least three similar sub-parallel
belts of mineralization within the interpreted graben. Potential
also may exist to discover high grade, sediment hosted gold -
copper mineralization in fissile calcareous shale units within the
volcano-sedimentary sequence and in carbonate platform units
believed to underlie the volcano-sedimentary sequence.
El Dovio: The Company also advises that drilling is ongoing at
its El Dovio project. Core form holes SB14-01, SB14-02 and SB14-03
is now in the Company's core facility in Medellin. The Company
expects to have all samples for these holes delivered to SGS's
Medellin laboratory by May 23. Drilling operations have been moved
from the Sabana Blanca zone to the Brazo 1 target zone. Drilling in
the Brazo 1 zone will test down dip projections of surface
mineralization in an area where the Company has previously
announced composite channel sample results averaging 13.6 g/T Au,
10.75 g/T Ag and 1.6% Zn over two (2) meters within a broader nine
(9) meter wide zone that averaged 3.8 g/T Au, 4.1 g/T Ag and 0.6%
Zn.
Robert G. Carrington is the Company's designated Qualified
Person within the meaning of NI 43-101 and has reviewed and
validated the technical information contained in this release.
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.
To view the photo associated with this press release, please
visit the following link:
http://www.marketwire.com/library/20140520-CMJ_NR_140520Map800.jpg
Colombian Mines CorporationSharon HebginCorporate
Communications(604) 649-9195 - Canada(760) 668-7211 - United
Statesshebgin@colombianmines.comColombian Mines CorporationDave
CrossChief Financial Officer and Corporate Secretary(604)
669-0868dcross@crossdavis.comwww.colombianmines.com
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