TOM Amilot Capital Inc

Tolima Gold Inc. ("Tolima") (TSX VENTURE:TOM) is pleased to announce that its
Joint Venture Partner IAMGOLD Corporation (TSX:IMG)(NYSE:IAG) ("IAMGOLD") will
be starting an initial 2,000 to 4,000 metre drill program on Tolima's ANCAL
project, following the issuance last week of all necessary water use permits
from the local environmental authority. Drilling will be conducted by the
Canadian company Kluane Drilling and is scheduled to start in the next two
weeks. The initial drill program consists of five drill holes sited along the
Payuco target as outlined by recently completed geochemical and ground
geophysical surveys.


Pursuant to a letter agreement (the "Joint Venture Agreement") between Tolima
and IAMGOLD dated October 4, 2012, and as amended June 27, 2013, IAMGOLD
Corporation has the option to earn a 51% equity interest in the ANCAL project by
completing expenditures totaling US$6 million in exploration or completing
12,000 meters of diamond drilling, whichever comes first. IAMGOLD has further
options to increase such participation up to 70% upon completing a feasibility
study on such project (see Tolima's news release of October 9, 2012).


The Payuco target is one of five anomalies identified to date on the ANCAL
project. In addition to the drilling program, IAMGOLD continues to advance
exploration on other targets within the ANCAL project, including the Orofino
anomaly previously discussed in the NI 43-101 report of May 24, 2011 by Scott
Wilson Consulting Inc. available on Tolima's SEDAR profile at www.sedar.com.


To date, IAMGOLD has completed an initial exploration program including the
collection of 235 stream sediment and 612 rock samples, and 1:1,000 scale
geological mapping covering 15,500 hectares. Based on this work, two new areas
were identified for soil sampling: La Bamba and Payuco, both located on the east
side of the Cauca River. 1181 soil samples were collected and results have
identified gold and associated path finder elements anomalies on Payuco zone
confirming the initial anomalies identified from IAMGOLD's stream sediment
sampling. 


At the Payuco target, five lines of Induced Polarization ("IP") totaling 5.5 km
was completed over the main soil gold anomaly. Preliminary results have outlined
coincident chargeability highs over the geochemical anomaly for drill testing. 


Jaime Lopez, the Chief Executive Officer of Tolima, stated: "We are very excited
about IAMGOLD moving ahead with the drilling of our highly promising ANCAL
project and are looking forward to their results."


Related Party Disclosure

IAMGOLD currently holds approximately 13% of the issued and outstanding common
shares of Tolima, and is considered an "Insider" within the meaning of the
policies of the TSX Venture Exchange (the "TSX-V"). 


Due to IAMGOLD's approximate 13% share ownership in Tolima, IAMGOLD is also a
"Related Party" to Tolima within the meaning of Multilateral Instrument 61-101
("MI 61-101"), and the Joint Venture Agreement constitutes a "Related Party
Transaction" for Tolima. 


Information Concerning Tolima

Tolima is a gold exploration, development and production company with interests
in mining properties in Colombia. Tolima's properties include (i) the Remedios
Project, located in the Remedios/Segovia mining district in the Antioquia
Department of Colombia, with over 11,500 hectares of exploration ground, two
mines (the "San Pablo" and "Bartola" mines) and a gold processing and recovery
plant located in the area of "San Pablo" with a capacity of 100 tons per day;
(ii) the ANCAL Project, located in the Marmato/Caramanta district of the Caldas
and Antioquia Departments of Colombia, including more than 14,000 hectares of
exploration ground; and (iii) the NORTOL project, located in the Tolima
Department of Colombia, including more than 48,000 hectares of exploration
ground and the "Papayo" mine, which is being rehabilitated. 


Qualified Person

The technical information in this news release has been approved by Mr. Joaquin
Buenaventura (P. Geo.), a Qualified Person and the Company's Vice-President of
Exploration. Mr. Buenaventura has over 40 years of experience in the mining
industry in Colombia, and he has a Master's Degree in mineral exploration from
Queen's University in Kingston, Ontario, Canada. He was a General Manager of
Ingeominas (Colombian Institute of Geology and Mines), and has worked as a
Senior Geologist, Project Manager and Consultant for various mining and energy
companies. Mr. Buenaventura has been an academic professor as well for over 16
years at the Universidad Nacional de Colombia in Bogota. He has over 50
publications related to the mining industry in Colombia. 


Cautionary Statements

Some of the ownership interests in the Company's mining properties derive from
applications for concessions or mining titles beneficially held, which are
subject to formal assignment to the Company's operating subsidiaries. Such
applications and assignment are subject to review by the relevant mining
authority and to registration before the National Mining Registry of Colombia in
order to confirm current compliance with the terms of each mining property and
meeting with certain legal, financial and technical criteria. There is no
certainty as to if or when issuance of mining titles from applications or formal
registration of assignments will be achieved. 


Forward-looking statements

This news release contains certain "forward looking statements" including, for
example, the ability of Tolima to achieve formal assignment and registration of
its mining properties and the ability to carry out exploration activities. Such
forward-looking statements involve risks and uncertainties, both known and
unknown. The results or events depicted in these forward-looking statements may
differ materially from actual results or events. In addition to other factors
and assumptions which may be identified herein, assumptions have been made
regarding and are implicit in, among other things: receipt of government and
third party approvals in respect of transferring assets, the state of the
capital markets; tax issues associated with doing business internationally, the
ability to successfully manage the political and economic risks inherent in
pursuing mineral exploration opportunities in Colombia; and the ability to
obtain qualified staff, equipment and services in a timely and cost efficient
manner to develop the business. Any forward-looking statement speaks only as of
the date of this news release and, except as may be required by applicable
securities laws, Tolima does not intend, and disclaims any duty or obligation
to, update or revise any forward-looking statements, whether as a result of new
information, future events or results or otherwise. 


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Tolima Gold Inc.
Lisa-Marie Iannitelli
Toronto
+1 647 476 7577
lm@tolimagold.com

Amilot Capital (TSXV:TOM)
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부터 5월(5) 2024 으로 6월(6) 2024

Amilot Capital (TSXV:TOM)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024