Aris Mining Corp (ARMN)

[NYBob]

Gran Colombia Gold Signs Option Agreement With IAMGOLD to Explore Zancudo Project -
March 16, 2017
TORONTO, ON --(Marketwired - March 16, 2017) -

Gran Colombia Gold Corp. (TSX: GCM) announced today that it has signed
an option agreement with IAMGOLD Corp. (TSX: IMG) for the exploration
and potential purchase of an interest in the Company's
Zancudo Project.

The Zancudo God Mines Project;
is located in the Titiribí mining district of Antioquia, about 27 km
south of Medellin, and comprises a historical -
Zancudo gold mine, the Independencia Mine,
in the Middle Cauca Gold Belt that had produced about 130,000 ounces
of gold with recovered grades of 14.6 g/t Au and 108.4 g/t Ag.

The Zancudo Project, a former high grade producer, provides
additional exploration upside. -
http://s21.q4cdn.com/834539576/files/doc_presentations/01-10-2017-GCM-Corporate-Presentation-January-(FINAL).pdf

The Independencia Gold Mine;
exploited an epithermal to mesothermal, intermediate sulphidation type
vein system that was exploited over 3.5 km with known depths of over
900m.

Gran Colombia had completed a 14,000m drilling program at
the Zancudo Project in 2011 and 2012 that focused on defining new
potential resources by following the strike and shallow dip extensions
of the Santa Catalina and Manto Antiguo structures that represent the
extension to the south of what was mined in the historical
Independencia Gold Mine.

Following the gold price collapse in 2013, the Company halted further
exploration at the project to focus on the expansion and modernization
of its high-grade producing Segovia Operations.

Under the agreement, IAMGOLD has been granted an option to acquire an
initial undivided 65% interest (the "First Option") in
the Zancudo Gold Mine Project by incurring an aggregate of US$10
million of mineral exploration expenditures over a six-year period,
subject to meeting specified annual work commitments during the First
Option period, of which the first US$1 million to be incurred within
the first year is a firm commitment and IAMGOLD has the right to cease
its obligations at any time thereafter.

IAMGOLD has also been granted an additional option
(the "Second Option") to acquire a further 5% undivided interest
for an aggregate 70% undivided interest in the Zancudo Project by
completing a feasibility study within three years after exercising
the First Option.

Upon exercise of the First Option or the Second Option, as the case may
be, the parties will form a joint venture to hold the Zancudo Project,
to advance the exploration and, if feasible, to advance the
development and mining of any commercially exploitable ore body.

About Gran Colombia Gold Corp.

Gran Colombia is a Canadian-based gold and silver exploration,
development and production company with its primary focus in Colombia.

Gran Colombia is currently the largest underground gold and silver
producer in Colombia
with several underground mines in operation at its
Segovia and Marmato Operations.
Gran Colombia is in the midst of an expansion and modernization
project at its Segovia Operations.

Gran Colombia Gold Corp;
wrote this old Gold Mine property off in 2013 when gold
collapsed and have been looking for a deal to resurrect exploration
on the project (without us having to use our own funds) or
sell it since then.

The IAMGOLD deal fit our profile of what we were looking for and
they are a solid partner.

They must spend US$10 million over the next 6 years on exploration to
get a 65% interest in the property.

Completing a feasibility study within the following 3 years can bring
them up to 70%.

At that point we form a JV and each party carries their respective
interest in future capex and profits.



The FARC are demobilizing after signing a peace accord with the Colombian
government last year following more than half a century of conflict.

The government has also launched negotiations with the last remaining
active rebel group, the National Liberation Army (ELN).

https://www.yahoo.com/news/colombia-freezes-farc-assets-under-peace-deal-212015308.html

Authorities say the war has cost 260,000 lives,
of His people, the LORD has now helped -
to make " Great Peace " again in Colombia.

- God Bless -