Monday, September 18, 2017 7:33:06 AM
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2017/Gran-Colombia-Gold-Announces-Multiple-High-Grade-Drill-Results-From-Its-2017-Infill-Drilling-Program-at-Its-Providencia-Mine-in-Segovia/default.aspx
TORONTO, Sept. 18, 2017 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX:GCM) announced today the assay results from the ongoing 2017 diamond infill drilling program at its Providencia underground gold mine at its Segovia Operations.
Infill drilling at Providencia was aimed to further delineate one of the main high-grade orebodies on which sparse previous surface drilling had intersected high gold grades. Multiple high gold grades generated from 19 drill holes (1,119 metres) drilled from underground in the 2017 drilling program were intersected on the main vein system with maximum grades of 649.1 g/t Au over 0.39 metres and 249.3g/t Ag over 0.95 metres.
[iSegovia Drilling Highlights and Key Intercepts
• Drilling results from the Providencia mine confirm the previously modelled high-grade nature, strong down-plunge continuity of gold mineralization and the thickness of one of the main orebodies currently in production on Level 14.
• This orebody remains open at depth and we believe it offers the potential for additional resource growth.
• The high-grade gold mineralized intercepts associated to this main orebody confirm the higher grade mineralization at depth, which could have a positive impact on the increase of the mining production at Providencia.
• The Providencia drill program continues to increase the confidence in the geological model of the orebodies through increased drill density.
• The drilling program focused on providing increased definition and confidence in the near-term mine operation and includes the following key intercepts:
Hole From (m) To (m) Width (m) Vein Au (g/t) Ag (g/t)
Providencia Mine
PV-IU-050* 40.31 41.01 0.70 Providencia 18.94 35.1
PV-IU-053* 34.72 36.42 1.70 Providencia 62.22 63.5
PV-IU-054* 29.05 32.81 3.76 Providencia 290.50 142.0
PV-IU-057* 65.15 67.39 2.74 Providencia 131.39 79.6
PV-IU-058* 36.10 38.60 2.50 Providencia 248.87 166.4
PV-IU-059* 28.94 29.77 0.83 Providencia 324.15 170.3
PV-IU-060* 30.25 30.61 0.36 Providencia 191.29 64.1
PV-IU-062* 34.81 37.04 2.56 Providencia 210.94 75.2
PV-IU-063* 50.00 54.40 4.40 Providencia 31.36 15.5
including 51.09 53.60 2.51 51.43 25.6
PV-IU-066* 38.80 42.57 3.77 HW Providencia 9.13 13.8
including 42.20 42.57 0.37 61.93 97.8
PV-IU-066* 46.64 48.05 1.41 Providencia 40.83 16.2
PV-IU-067* 57.45 58.35 0.90 Providencia 34.10 23.5
PV-IU-068* 48.00 53.60 5.60 Providencia 11.69 5.4
including 48.00 50.00 2.00 21.72 10.4
PV-IU-071* 42.80 45.60 2.80 HW Providencia 10.96 6.5
PV-IU-071* 52.30 52.58 0.28 HW Providencia 14.22 11.4
PV-IU-071* 54.67 57.50 2.83 Providencia 44.22 38.7
including 56.60 57.50 0.90 131.30 116.6
* Denotes underground drill holes. The underground holes were drilled at –16 to -84 degrees from the horizontal, and the intersection lengths do not represent true widths. Sample grades over 8.0 g/t Au reported. Grades are for quartz vein intersections and are length-weighted composites. The length is the sample length and is not necessarily the true width of the vein. All gold and silver grades are uncut and are not diluted to a minimum mining width. Abbreviations: HW: hanging wall vein.
]
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