Colombian Mines Identifies Large Magnetic & Radiometric Anomalies Coincident With High Grade Gold-Silver-Copper Mineralizatio...
10 2월 2014 - 8:00PM
Marketwired
Colombian Mines Identifies Large Magnetic and Radiometric Anomalies
Coincident With High Grade Gold-Silver-Copper Mineralization at
Mercedes
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 10, 2014) -
(TSX-VENTURE:CMJ)(FRANKFURT:X6C) - Colombian Mines Corporation
("Colombian Mines" or the "Company") is pleased to announce that a
recently completed high resolution airborne magnetic and
radiometric survey at the Company's Mercedes project in Tolima
Department, Colombia has identified multiple, large, linear
magnetic anomalies, some in excess of seven (7) kilometers long
that are commonly associated with coincident potassium anomalies.
These coincident anomalies indicate the circulation of solutions
destructive to magnetic minerals within large structurally
controlled zones and are typical of magnetic and radiometric
signatures associated with large epithermal systems. Several of
these anomalies are spatially associated with known gold - silver -
copper occurrences where the Company's surface reconnaissance
sampling as previously announced in the Company's release of
December 10, 2012 has returned results to 49 grams gold per metric
tonne (g/T Au), 773 grams silver per metric Tonne (g/T Ag) and 26%
Copper (Cu). Other similar anomalies, outside of the areas
prospected to date, indicate potential to discover additional areas
of epithermal style mineralization on the property.
In addition, several large coincident magnetic and potassium
highs correspond with mapped bodies of hypabysal intrusives, and
are consistent with the magnetic and radiometric signatures
commonly associated with porphyry systems.
Recent field checking of select anomalies identified strong
outcropping vein systems coincident with magnetic lows and
potassium highs. Vein mineralization consisting of semi massive
vein quartz with abundant copper oxides, ranging from four (4) to
more than 20 meters in width as seen in the photo at
http://www.colombianmines.com/i/photos/MercedesNRP1.jpg, was traced
for over 500 meters in continuous unbroken outcrop along one such
mag - radiometric anomaly that is more than seven (7) kilometers
long. Similarly, strong quartz-alunite-adularia open space, stock
work veining as seen at
http://www.colombianmines.com/i/photos/MercedesNRP2.jpg was found
associated with another coincident mag low and potassium high in
the northern portion of the property.
Maps of the preliminary air magnetometry and radiometry can be
viewed on the Company's website at
http://www.colombianmines.com/i/maps/Mercedes_CAirMagRTP.pdf and
http://www.colombianmines.com/i/maps/Mercedes_CKP.pdf. A
preliminary map of the project geology can also be viewed at
http://www.colombianmines.com/i/maps/Mercedes_CGeo.pdf. The Company
currently has crews on the ground following up on these anomalies
and conducting stream sediment geochemical surveys.
About Mercedes:
The 100% owned, 4,995 hectare Mercedes contract covers a
volcano-sedimentary hosted, intermediate sulfidation epithermal
type system with outcropping high grade gold-silver-copper
mineralization. Surface reconnaissance has returned sample results
to 50 grams gold per metric tonne (g/T Au)s, 773 grams silver per
metric tonne (g/T Ag) and 26.5% copper. Historically, artisanal
mining has exploited bonanza grade gold and copper mineralization,
as well as high purity barite in the region. Epithermal
mineralization appears to be distal to several intrusive complexes
that may host porphyry style gold - copper exploration targets.
Potential may exist to discover high grade, sediment hosted gold -
copper mineralization in carbonate platform sequences known to
underlie the outcropping volcano-sedimentary sequences.
Up Coming Events:
Colombian Mines will be exhibiting at PDAC in Session A, Sunday
and Monday, March 2 and 3 in booth 2215A. The Company will also be
presenting the El Dovio project in the Core Shack Session B,
Tuesday and Wednesday, March 4 and 5, and will be making a
corporate presentation on Tuesday, March 4 at 4:40 PM, Session Gold
- Americas 3, Room 801A, MTCC, South Building.
Mr. Robert G. Carrington, P. Geo, a Qualified Person as defined
by National Instrument 43-101, the President and CEO of the
Company, has reviewed and verified the technical information
contained in this news 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.
Colombian Mines CorporationSharon Hebgin Corporate
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
Colombian Mines Corporation (TSXV:CMJ)
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