Aris Mining Corp (ARMN)

[geodan]

Iamgold did another Colombia deal day before, big news, they are going into Colombia, which means likley suitor for Gran

Surrey, BC, Mar 15, 2017 (Filing Services Canada via Comtex) - Miranda Announces That IAMGOLD Corporation Signs Option Agreement to Earn an Interest in Mirandas Antares Project in Colombia

Surrey, BC (FSCwire) - Miranda Gold Corp. ("Miranda") (MAD) is pleased to announce it has signed an option agreement (the Agreement) that allows IAMGOLD Corporation (IAMGOLD) (IMG) IAG, +0.00% to earn an interest in Mirandas Antares Project in Colombia by conducting exploration on a scheduled earn-in basis. IAMGOLD will operate the project with input from Miranda.

IAMGOLD is required to incur US$100,000 in expenditures during 2017 to maintain the right to enter into the option which begins on the later of January 1, 2018 or the date on which mineral title to one or more of the exploration applications making up the Antares Project has been granted by the Colombian government. At such time, should IAMGOLD elect to enter into the option, it will be obligated to incur US$750,000 in expenditures during the subsequent 12 months.

The Antares Project consists of ten primarily contiguous exploration applications. The project covers 10,500 hectares, and is located 20 kilometers east-northeast of Medellin and 45 kilometers west-southwest of the Gramalote deposit within the Antioquia Department. There are two operating mines within 40 kilometers of Antares - Red Eagle Mining Corporations San Ramon Mine and Antioquia Gold Inc.s Cisneros project - indicating it is possible to rapidly permit mines in this part of Antioquia in less than two years.

The Antares Project was generated using Gramalote as a deposit analog model. Antares is a granite-hosted sheeted vein and fracture and stockwork-hosted gold system within northeast shear zones hosted within the Antioquia Batholith, characteristics similar to Gramalote. Antares is notable for its numerous large hydraulically mined excavations of in situ, bulk-mineralized granite that occur on a northeast trend through the project. Gramalote is also characterized by areas of hydraulic mining, including zones which lie within its resource and designed pit area.