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$GCM Mining Announces Updated Mineral Resource Estimate and Positive
Preliminary Economic Assessment for Its Toroparu Project in Guyana
December 1, 2021
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2021/GCM-Mining-Announces-Updated-Mineral-Resource-Estimate-and-Positive-Preliminary-Economic-Assessment-for-Its-Toroparu-Project-in-Guyana/default.aspx
Updated Mineral Resource Estimate of 8.4 Mozs Measured and
Indicated Gold Resource at 1.42 g/t and
396 Mlbs Measured and
Indicated Copper Resource at 0.1% in 185 million tonnes of rock
Preliminary Economic Assessment estimates:
280,000 ozs of gold production in the first year of operation in 2024;
5.4 Mozs of gold, 2.5 Mozs of silver and
141.3 Mlbs of copper produced over a 24-year mine life;
US$8.0 billion total revenue, US$3.5 billion operating margin and
US$1.7 billion after-tax Free Cash Flow at a US$1,500/oz gold price; and,
After-tax net present value (5%) of US$794 million
with an after-tax IRR of 46% and two-year payback.
Initial US$355 Million capex to construct the Toroparu Project
is fully funded.
TORONTO, Dec. 01, 2021 (GLOBE NEWSWIRE) --
GCM Mining Corp. (the “Company”) (TSX: GCM, OTCQX: TPRFF) announced
today that it has completed an updated Mineral Resource estimate for
its Toroparu Project in Guyana with an effective date of November 1,
2021 and in accordance with the Canadian Institute of Mining Metallurgy
and Petroleum (“CIM”) Definition Standards incorporated by reference in
National Instrument 43-101 – Standards of Disclosure for Mineral
Projects (“NI 43-101”). GCM Mining also announced today that Nordmin
Engineering Ltd. (“Nordmin”) and SRK Consulting (U.S.), Inc. (“SRK”)
have completed preliminary results of a Preliminary Economic Assessment
(“PEA”) for the Toroparu Project effective November 26, 2021 and is
currently finalizing the technical report to be prepared in accordance
with NI 43-101 and filed on SEDAR and the Company’s website in mid-
January 2022.
Highlights of the PEA for the Toroparu Project
The PEA affirms the economic viability of the open pit and underground
mining operations at the Toroparu Project.
Total life-of-mine (“LoM”) gold production of 5.4 million ounces
(“Mozs”) representing 88.4% of the 6.2 Mozs of gold fed to the milling
circuit at an average grade of 1.78 g/t Au over the 24-year mine life.
Open pit mine operations will deliver 93 Mt of potential mill feed
(“PMF”) over the LoM and underground mining operations, which commence
in year 10, will deliver an additional 14 Mt of PMF.
Average annual gold production of 225,000 ounces over the 24-year mine
life.
During the first two-year payback period, gold production averages
254,000 ounces per year and over the first 9 years of surface-only
mining, gold production averages 202,000 ounces per year. With the
commencement of underground mining in year 10, annual gold production
from open pit and underground increases to an average of
239,000 ounces over the remaining 15 years of the LoM.
Initial capital cost, to be incurred from 2021 through 2023,
totals US$355 million, of which US$138 million will be funded by
deposits under a Precious Metals Purchase Agreement (“PMPA”) with
Wheaton Precious Metals International Ltd. (“WPMI”) and
the balance by the net proceeds of the Senior Notes financing
closed in August of this year.
Processing capacity will be built in two phases with an initial
Phase I nominal capacity of 7,000 tpd (2.55 Mtpa) in a gold leach
plant based on gravity and carbon-in-leach circuits (“CIL”) and
increasing in year 6 to 14,000 tpd (5.1 Mtpa) in
Phase II with the construction of a copper concentrator based on
gravity and copper flotation circuits.
The copper concentrator will facilitate the recovery of
141.3 million pounds (“Mlbs”) of copper over its 19 years of operation.
The PEA delivers solid financial results with LoM total revenue of
US$8.0 billion,
US$3.5 billion of operating margin and
US$1.7 billion of after-tax Free Cash Flow.
The LoM PEA financial results are based on long-term prices of
US$1,500/oz gold, US$20.22/oz silver and
US$3.13/lb copper.
Gold and copper account for approximately 94% and
5.5%, respectively, of total revenue over the LoM.
LoM cash cost of US$742/oz and LoM all-in sustaining cost (“AISC”) of
US$916/oz.
The PEA estimates a US$794 million after-tax NPV 5% (net present value
at a 5% discount rate),
a 46% IRR (after-tax Internal Rate of Return) and
a two-year after-tax payback of the initial capital cost of the
Project.
Lombardo Paredes, Chief Executive Officer of GCM Mining, commented
“The PEA was initiated as a result of a significantly expanded Mineral
Resource developed from the discovery of the structural control of
high-grade gold mineralization at Toroparu as reported in our July 6,
2021 press release. Compared with Gold X Mining’s previous Mineral
Resource estimate (September 2018), total Measured and Indicated Gold
Resources have increased by
approximately 15% to 8.4 million ounces of gold and reflect an
increase in the average head grade from 0.91 g/t to 1.42 g/t in the
latest update.
The updated mineral resource estimate reported herein, which represents
a potential step change to the economic value of Toroparu, underlies
the scoping of a long mine life project within the PEA recovering
280,000 ounces of gold in the first year of operation in 2024 and
an estimated 225,000 ounces of gold per year from both surface and
underground mining operations over 24 years.
A total of 5.4 million ounces of gold is expected to be produced over
the LoM in the PEA, an approximately 20% increase from the previous
PEA prepared by Gold X Mining in July 2019.
We have already commenced pre-construction activities
at the Toroparu Project site.
We have hired Haukes Construction (Guyana) Ltd., a division of Haukes
NV of Suriname, for construction of the preliminary earthworks at
Toroparu, with development of the permanent man-camp, airstrip and
rock quarries currently underway.
Preparations are also being made for the rehabilitation of the
historical access road commencing early next year.
Based on the technical and financial merits demonstrated by the PEA and
funded by the US$300 million Senior Notes financing we closed in August
and the Wheaton stream, we are proceeding with construction of
the Toroparu Project, which is initially focused on the surface mining
of higher-grade gold processed through a 7,000 tonnes per day (“tpd”)
gold leach mill.
The PEA envisions an expansion of milling capacity to 14,000 tpd with
the addition of a copper concentrator in year 6 and
the addition of underground mining operations in year 10 of
the mine life.
Importantly, the Toroparu Deposit is open both along strike and at
depth with the additional mineralization potential below the 450 m
level amenable to underground mining methods.
We believe the Toroparu Project has the potential to be a multi-
generational gold mine which can create significant value for our
shareholders, solidifying its position along with our Segovia
Operations as a cornerstone asset in GCM Mining.”
Mineral Resource Estimate (“MRE”) Update Effective November 1, 2021
The MRE, which is summarized in Tables 1 and 2 below, was prepared by
Nordmin following a two-phase diamond drill program carried out by
Gold X Mining in 2020-2021 which comprised a total of 20,750 meters in
114 drill holes.
The updated MRE includes an open pit and a maiden underground resource
estimate within the Toroparu Main & NW and SE deposits that are defined
by multiple discreet northwest and east-west oriented high grade
mineralized structures that intersect in a repeatable pattern over an
estimated four kilometers of strike, 400-450 m in width, and
450-500 m in depth.
The satellite deposits consist of the Southeast zone (SE) and
the Sona Hill satellite gold deposits.
Table 1: Mineral Resource Statement for the Toroparu Gold Project
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2021/GCM-Mining-Announces-Updated-Mineral-Resource-Estimate-and-Positive-Preliminary-Economic-Assessment-for-Its-Toroparu-Project-in-Guyana/default.aspx
Gran Colombia Changes Name to GCM Mining Corp.
November 29, 2021
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Changes-Name-to-GCM-Mining-Corp/default.aspx
TORONTO, Nov. 29, 2021 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (the “Company”) (TSX: GCM, OTCQX: TPRFF)
announced today that it has changed its name to GCM Mining Corp.
effective immediately and its website can be found at
https://www.gcm-mining.com.
Commenting on the name change, Serafino Iacono, Executive Chairman of
the Company, said “We are very proud of our Colombian roots and, in
Colombia, we will continue to operate as Gran Colombia.
Our new corporate name reflects our strategy to grow through
diversification, expanding our operations and investments to other
countries and broadening our products to include other metals beyond
just gold and silver.
With the acquisition earlier this year of the Toroparu Project in
Guyana
and our equity stake in Denarius and its flagship Lomero Project in
Spain, we have commenced our diversification strategy.
We have a strong balance sheet and we are fully funded to build
Toroparu, one of the largest undeveloped gold/copper projects in the
Americas.
We expect to announce the results on the updated mineral resource
estimate and preliminary economic assessment for Toroparu shortly,
solidifying its position along with our Segovia Operations, as a
cornerstone asset in GCM Mining Corp.”
There is no change to the Company’s trading symbols for its common
shares and common share purchase warrants and we expect that trading
on the Toronto Stock Exchange under the Company’s new name will
formally commence on December 1, 2021.
In the interim, trading will continue under the Company’s old name.
The new ISIN and CUSIP numbers for the Company’s common shares are
CA36168L1058 and 36168L105, respectively.
For the Company’s listed common share purchase warrants (TSX:
GCM.WT.B; OTC Pink: TPRXF), the new ISIN and CUSIP numbers are
CA36168L1132 and 36168L113, respectively.
About GCM Mining Corp.
GCM Mining Corp. is a mid-tier gold producer with a proven track record
of mine building and operating in Latin America.
In Colombia, the Company is currently the largest underground gold and
silver producer with several mines in operation at its high-grade
Segovia Operations.
In Guyana, the Company is advancing the Toroparu Project, one of the
largest undeveloped gold projects in the Americas.
The Company also owns an approximately 44% equity interest in
Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an
approximately 27% equity interest in Denarius Silver Corp. (TSX-V:
DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and
an approximately 26% equity interest in
Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at
https://www.gcm-mining.com
and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may --
--results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and the Company disclaims, ---- the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
Source: Gran Colombia Gold
View All News
$Gran Colombia Declares Monthly Dividend to Be Paid on December 15, 2021
November 15, 2021
https://www.grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Declares-Monthly-Dividend-to-Be-Paid-onDecember-15-2021/default.aspx
TORONTO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp.
(“Gran Colombia” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced
today that its Board of Directors has declared the next monthly
dividend of CA$0.015 per common share will be paid on December 15, 2021
to shareholders of record as of the close of business on November 30,
2021.
About Gran Colombia Gold Corp.
Gran Colombia is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold projects in the Americas. Gran Colombia also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at
http://www.grancolombiagold.com
and by reviewing its profile on SEDAR at www.sedar.com.
https://www.grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Declares-Monthly-Dividend-to-Be-Paid-onDecember-15-2021/default.aspx
$In GOD We Trust - Real Money - AU Safety 6000yrs )
[Suppressed Image]
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[Suppressed Image]
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[Suppressed Image]
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
https://www.usdebtclock.org/
God Bless
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166747120
Ps.
opinion appreciated
$trunkmonk Note: Gran Colombia Gold Corp. (TPRFF) Third Quarter 2021 Results Webcast
As a reminder, Gran Colombia will host a conference call and webcast on
Friday, November 12, 2021 at 9:00 a.m. Eastern Time to discuss the results.
Webcast and call-in details are as follows:
Live Event link:
https://edge.media-server.com/mmc/p/wyypvtrs
Canada Toll / International: 1 (514) 841-2157
North America Toll Free: 1 (866) 215-5508
Colombia Toll Free: 01 800 9 156 924
Conference ID: 50241486
A replay of the webcast will be available at
http://www.grancolombiagold.com
from Friday, November 12, 2021 until Friday, December 10, 2021.
https://www.grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Announces-Third-Quarter-and-First-Nine-Months-2021-Results/default.aspx
The Company reported net income of $25.3 million ($0.26 per share) in the third quarter of 2021 compared with $18.0 million ($0.39 per share) in the third quarter of 2020 reflecting an improvement in other income (expense) items and lower income tax expense which more than offset the impact of lower income from operations in the third quarter of 2021.
For the first nine months of 2021, net income amounted to $173.4 million ($2.32 per share) compared with $23.7 million ($0.53 per share) in the first nine months last year.
Although net income in the first nine months of 2021 reflected the impact of lower income from operations this year, it benefitted from other income items including the $56.9 million gain on loss of control of Aris, the $52.1 million gain on financial instruments (compared with a $21.3 million loss on financial instruments in the first nine months last year) and the $8.9 million gain on sale of the Zancudo Project.
Net income in the first nine months of 2021 included Aris Transaction costs of $9.8 million while net income in the first nine months of 2020 included Bluenose RTO Transaction costs of $16.7 million.
Adjusted net income (1) for the third quarter of 2021 was $14.4 million ($0.15 per share) compared with $29.5 million ($0.47 per share) in the third quarter last year.
For the first nine months of 2021, adjusted net income totaled $59.9 million ($0.78 per share) compared with $68.2 million ($1.14 per share) in the first nine months last year.
The year-over-year decrease in adjusted net income in the third quarter and first nine months of 2021 largely reflects the impact of the factors noted above regarding revenue and total cash costs per ounce on adjusted EBITDA, partially offset by a decrease in income tax expense.
The Company added a 27% equity interest in Denarius Silver Corp. (“Denarius”) to its portfolio in the first nine months of 2021, giving it exposure to the Lomero-Poyatos polymetallic deposit located in Spain, in close proximity to the Matsa JV project in the Iberian Pyrite Belt, and to the Guia Antigua and Zancudo Projects in Colombia.
Denarius, fully funded to carry out its current exploration campaigns, commenced drilling at its Guia Antigua Project in mid-2021 and in October, commenced a 23,500 meters drilling campaign at its Lomero Project designed to validate some selected historical holes drilled within the existing mine and then conduct a 50x50 meters in-fill drilling program in the lower levels of the same mine.
Gran Colombia remains committed to the health and safety of its employees, and through COMFAMA Colombia, was the first mining company in Antioquia to secure COVID-19 vaccines to immunize its employees and their families in the third quarter of 2021.
Published in June 2021, the Company’s inaugural sustainability report reflects a focused effort on measuring and disclosing its Environmental, Social and Governance (“ESG”) priorities and performance moving forward.
Selected Financial Information
https://www.grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Announces-Third-Quarter-and-First-Nine-Months-2021-Results/default.aspx
$Gran Colombia Gold - Red Cloud Oktoberfest 2021 -
Oct 18, 2021
they will shut down btc long before they confiscate the one and only real money that will be needed to do dollar reset.
NWO Fed. Gov. has confiscated Gold coin, physicals
in the past but....
NOT gold mining stocks -
I prefer the 10 - 20 baggers. )
IMO!
Petrodollar System Breaking Down -
Oct 27, 2021
The banks control the .gov not the other way around... physical is the answer.
"Venezuelans Turn To Gold Nuggets As The Local Currency Implodes"
Hundreds of countries will be doing the same. watch the sky, once in a lifetime event coming. this is not about crypto, its about gold and silver, the suckers drawn into crypto will come around before their worthless 1s and 0s turn to all 0s.
https://www.zerohedge.com/markets/venezuelans-turn-gold-nuggets-local-currency-implodes
Chinese Paper Silver Gold Mkt Getting Squeezed
BY JHANDERS - SATURDAY, OCT 30, 2021 - 9:55
https://www.zerohedge.com/news/2021-10-30/chinese-paper-silver-gold-mkt-getting-squeezed
$trunkmonk thanks; Gold price to double as Fed kicks off tightening and economy flatlines
15,513 viewsOct 21, 2021
Supply Chain Crisis Effects on Gold & Silver
BY GOLDCORE
THURSDAY, OCT 14, 2021 - 9:59
https://www.zerohedge.com/news/2021-10-14/supply-chain-crisis-effects-gold-silver
Gold & Silver - Zero Supply Chain Risk
$Pro_Life thanks; Gran Colombia Announces Third Quarter 2021 Production and Webcast
T.GCM
TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it produced a total of 17,213 ounces of gold at its Segovia Operations in September 2021 bringing the total gold production for the third quarter of 2021 to 49,848 ounces compared with 51,555 ounces from Segovia in the third quarter of 2020. The Company also produced 52,382 ounces of silver at Segovia in the third quarter of 2021, up from 47,560 ounces of silver in the third quarter last year. For the first nine months of 2021, Segovia’s gold and silver production totalled 151,104 ounces and 164,270 ounces, respectively, up from 146,278 ounces of gold and 134,820 ounces of silver in the first nine months of 2020.
Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting on the Company’s latest results, said, “We have maintained a steady pace of production in the third quarter of 2021, which included a planned four-day maintenance shutdown at the Maria Dama plant in July. With our trailing 12-months total gold production from Segovia at the end of the third quarter amounting to 201,187 ounces of gold, up 2% over 2020, we are confident we will meet our production guidance at Segovia for the full year of 200,000 to 220,000 ounces of gold.
We are on track to complete our expansion of the Maria Dama plant to
2,000 tonnes per day (“tpd”) in the fourth quarter of 2021 and our mine
and brownfield exploration programs are proceeding as planned.
In addition, commissioning of the new polymetallic plant at Segovia is nearing completion and we expect to have our first concentrate production in the fourth quarter of 2021.
At the end of September 2021, we had a cash position of approximately US$329 million, including the net proceeds of approximately US$268 million from the US$300 million offering of Senior Unsecured Notes due 2026 (“Notes”) completed in August that have been set aside to fund the Toroparu Project in Guyana.
The Gold Notes were fully redeemed in September using a portion of the net proceeds of the Notes. At the end of September 2021, in addition to the Notes, we had CA$18 million of Convertible Debentures outstanding.”
The Segovia Operations processed an average of 1,487 tpd in the third
quarter of 2021 with an average head grade of 12.6 g/t compared with
1,283 tpd at an average head grade of 15.1 g/t in the third quarter
last year.
For the first nine months of 2021, the Segovia Operations processed an
average of 1,513 tpd with an average head grade of 12.7 g/t compared
with 1,259 tpd at an average head grade of 14.7 g/t in the first nine
months last year.
Third Quarter 2021 Results Webcast
Gran Colombia announced today that it will release its results for the 2021 third quarter and first nine months of 2021 after market close on Thursday, November 11, 2021 and will host a conference call and webcast on Friday, November 12, 2021 at 9:00 a.m. Eastern Time to discuss the results.
Webcast and call-in details are as follows:
Live Event link: https://edge.media-server.com/mmc/p/wyypvtrs
Canada Toll / International: 1 (514) 841-2157
North America Toll Free: 1 (866) 215-5508
Colombia Toll Free: 01 800 9 156 924
Conference ID: 50241486
A replay of the webcast will be available at www.grancolombiagold.com from Friday, November 12, 2021 until Friday, December 10, 2021.
About Gran Colombia Gold Corp.
Gran Colombia is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold projects in the Americas. Gran Colombia also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at
http://www.grancolombiagold.com
and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to production, the repayments of its Gold Notes, payment of dividends and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Gran Colombia to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Gran Colombia disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
trunkmonk Note; Market Analysis » Just 72 Hours from Anarchy – Bill Holter
Just 72 Hours from Anarchy – Bill Holter
By Greg Hunter On October 12, 2021 In Market Analysis 4 Comments
By Greg Hunter’s USAWatchdog.com
https://usawatchdog.com/just-72-hours-from-anarchy-bill-holter/
Note; The Beginning Of The End" | Alasdair MacLeod
1,441 views Premiered 69 minutes ago
Liberty and Finance
61.5K subscribers
The dollar is toast on the French announcement:
Bombshell! France Finance Minister Declares Independence from the US! Dollar death, Inflation coming - Oct 14, 2021
https://www.youtube.com/watch?v=hv0NmSYppUY
Pro-Life Note; Market Analysis » Just 72 Hours from Anarchy – Bill Holter
Just 72 Hours from Anarchy – Bill Holter
By Greg Hunter On October 12, 2021 In Market Analysis 4 Comments
By Greg Hunter’s USAWatchdog.com
https://usawatchdog.com/just-72-hours-from-anarchy-bill-holter/
Note; The Beginning Of The End" | Alasdair MacLeod
1,441 views Premiered 69 minutes ago
Liberty and Finance
61.5K subscribers
https://themarketherald.ca/satori-drills-longest-and-highest-grade-interval-at-south-zone-averaging-9-59-g-t-au-over-11-75-metres-2021-10-07/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cquote_tab
BUD has plenty of high grade gold; )
https://satoriresources.ca/wp-content/uploads/2021/03/PowerPoint-Presentation-_-BUD-March-2021.pdf
http://www.satoriresources.ca
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA!
$Pro-Life Note; Satori Drills Longest and Highest Grade Interval at South Zone Averaging 9.59 g/t Au over 11.75 Metres
Interval within a mineralized envelope grading 4.76 g/t over 27.8m
Toronto, Ontario--(Newsfile Corp. - October 7, 2021) -
https://www.newsfilecorp.com/release/98862
Price of Gold When the NEXT COLLAPSE Comes - James Jim Rickards on Stock Market Crash
172 viewsOct 7, 2021
A HISTORY OF FINANCIAL REPRESSION...by LYNETTE ZANG - Oct 7, 2021
https://www.youtube.com/watch?v=ZBCg3sU_sCs
Lyn Alden: This Is The ONLY Reason Why Gold Will 20X (And Break All Time Highs) - Oct 6, 2021
https://www.youtube.com/watch?v=TceQq5kperU
New Gold Whale on COMEX | Andy Schectman - Premiered Sep 14, 2021
https://www.youtube.com/watch?v=TIUacdxrcQI
Gold Price Around the World:
https://youtu.be/L1ijCWxwFr8
$NAK Northern Dynasty Minerals $NAK 4.5 billion tonnes in the Inferred category at a grade of 0.25% Copper, 0.25 g/t gold, 226 ppm molybdenum and 1.2 g/t silver, containing 25 billion lbs of copper, 36 million oz of gold 2.2 billion lbs of molybdenum and 170 million oz of silver
$50 silver price, $2,300 gold are next, but not before this happens first - Patrick Karim
$trunkmonk thanks; Below is an example of this pattern from the
Technical Analysis Science of Market Forecasting Textbooks:
$Gran Colombia Gold Announces the Discovery of Two Additional High-
Grade Veins at Its El Silencio Mine at Its Segovia Operations
July 12, 2021
https://www.grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Gold-Announces-the-Discovery-of-Two-Additional-High-Grade-Veins-at-Its-El-Silencio-Mine-at-Its-Segovia-Operations/default.aspx
TORONTO, July 12, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today
high-grade intercepts from the first 59 diamond drill holes
totaling 10,229 meters of an in-fill drilling campaign that is being
carried out by the Company’s Mine Geology Department at
the El Silencio mine at its Segovia Operations.
This 23,000 meters drilling campaign, which commenced in 2020 and
will be completed this year, is focused on resource definition
within the underground mine developments of
the El Silencio mine and complements the previously
announced 60,000 meters drilling program being carried out in 2021
by the Company’s exploration team.
High-grade intercepts from two new veins recently discovered
by this in-fill drilling campaign at the El Silencio mine provide and
corroborate information of importance for the current and future
development of different sectors of this flagship mine.
$The best high-grade intercepts from these latest drill results at
the El Silencio mine include:
1040 Vein, new discovery:
137.44 g/t Au and 10.1 g/t Ag over 0.56 meters (ES-GM-U51-20);
1150 Vein, new discovery:
93.19 g/t Au and <0.3 g/t Ag over 0.54 meters (ES-GM-U59-20);
1180 Vein: 73.03 g/t Au and 32.0 g/t Ag over 0.30 meters (ES-GM-U49-20); and
Manto Vein: 44.49 g/t Au and 98.5 g/t Ag over 0.35 meters (ES-GM-U17-21).
https://www.grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Gold-Announces-the-Discovery-of-Two-Additional-High-Grade-Veins-at-Its-El-Silencio-Mine-at-Its-Segovia-Operations/default.aspx
$Latest Presentation
https://grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx
$Golden cross forms in gold’s chart
Posted on July 8, 2021 by Opinion
MarketWatch/Mark DeCambre/7-6-2021
Gold Price
(Gold price, 50-day and 200-day moving averages)
Overlay chart showing the 50-day and 200-day averages crossing –
a TI bulliish indicator
$Gran Colombia Announces Results From the 2021 Drill Program at Its
Toroparu Project in Guyana; Confirms 4-Km Strike Length of Structurally
Controlled High-Grade Gold Mineralized Structures
July 6, 2021
TORONTO, July 06, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) (“Gran Colombia”
or the “Company”) is pleased to announce results from the recently
completed Phase 2 diamond drill program at its 100%-owned
Toroparu Project in Western Guyana.
The 10,494 meters Phase 2 program was designed to confirm the
continuity of both the northwest oriented high-grade gold structures
and the cross cutting east-west high-grade structures that create a
repeatable pattern of intersecting zones amenable to underground mining
methods over the 4 kilometer strike length of the Toroparu Project1.
Serafino Iacono, Executive Chairman of Gran Colombia, commented,
“The discovery of the structural control of high-grade gold
mineralization at Toroparu has reaffirmed our confidence in the
npotential value of this project as one of our cornerstone assets.
The recently completed, two-phase diamond drill program comprised a
total of 20,750 meters in 114 drill holes and has confirmed
a 4-kilometer ("km") strike length of high-grade structurally
controlled gold mineralization at Toroparu.
In addition, the program identified a repeated pattern of intersections
of NW-SE and E-W oriented sub-vertical structures containing high-grade
zones extending over mineable widths up to 100 m vertically (“jewelry
boxes”)2 that support our belief that a high-grade resource amenable to
underground mining methods lies at the core of this very large,
disseminated gold deposit.
We are currently working with Nordmin to prepare an updated mineral
resource estimate and preliminary economic assessment (“PEA”)
incorporating the high-grade results from this latest drilling program.
We expect the PEA will be completed later this summer.”
Highlights
Assay results from the 2021 Phase 2 High-Grade Definition Drill Program
extend high-grade mineralization to the northwest of historical
drilling and confirm a 4-km overall strike length of Toroparu Deposit
Area (Figures 1 and 2).
Drill results identify several additional concentrations of high-grade
gold contained in intersecting NW-SE and E-W structures (“pipes”) that
occur in a repetitive pattern across the deposit (Figure 2).
These structural pipes exhibit continuity over 2 metre ("m") to 25 m
widths extending over 30 to 100 vertical metres and confirm the
potential for significant volumes of gold mineralization amenable to
underground mining methods exists along the 4 km Toroparu Deposit Area.
The high-grade mineralized pipes, ranging in grade from approximately
5 g/t gold ("Au") to greater than 20 g/t Au over potentially mineable
widths, are often surrounded by a lower grade (0.5 - 5.0 g/t Au) halo
of mineralized material. (Figure 5).
The high-grade gold grades intersected in structures range from
2.42 g/t Au to 101.7 g/t Au and have a length-weighted average grade of
6.7 g/t Au (uncut) over 113 m and 76 intervals highlighted in this
release (Table 1).
Since historical drilling has been limited to the upper 450 m of
vertical extension of the deposit, this remains open at depth across
the 4-km of strike length at depths that are relatively shallow for an
underground mine.
Results from the most northwest set of drill holes, which intersected
multiple high-grade intervals indicate that the high-grade structural
component of the deposit is still open along strike to the northwest.
Figure 1: 2020/2021 Drill Results
https://www.globenewswire.com/NewsRoom/AttachmentNg/cafe9a55-43f7-489c-ac04-00017211a672
2021 Phase 2 Drill Program - Drill Result Highlights (Figures 1 through 8)
Significant intercepts were encountered in 27 of the 42 holes drilled.
Highlights of best intercepts are presented in table below:
https://grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Announces-Results-From-the-2021-Drill-Program-at-Its-Toroparu-Project-in-Guyana-Confirms-4-Km-Strike-Length-of-Structurally-Controlled-High-Grade-Gold-Mineralized-Structures/default.aspx
welcome to; Gran Colombia Gold: Largest Colombian Gold Producer with Growth Plans
Jun 25, 2021
Paul giving you a following mark )
TIA
A Historical Divide: A 160-Year View of the Gold-Oil Ratio
Published 7 months ago on November 5, 2020 - By Aran Ali
https://www.visualcapitalist.com/the-gold-oil-ratio-160-years/
$trunkmonk thanks; Gran Colombia Announces Voting Results of the Annual General and Special
Meeting of Shareholders Held Today; Shareholders
Approve Gold X Acquisition
May 27, 2021
TORONTO, May 27, 2021 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp.’s (TSX: GCM, OTCQX: TPRFF) Annual General and
Special Meeting of Shareholders was held today.
The detailed results of the votes for each matter to be acted upon
are set out below:
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Voting-Results-of-the-Annual-General-and-Special-Meeting-of-Shareholders-Held-Today-Shareholders-Approve-Gold-X-Acquisition/default.aspx
Update on Gold X Acquisition
Gran Colombia is also pleased to announce that, earlier today,
the shareholders of both the Company and
Gold X approved the proposed Arrangement under which
the Company will acquire all of the issued and outstanding
common shares of Gold X not already owned by the Company
in exchange for Gran Colombia common shares on
the basis of 0.6948 of a Gran Colombia share
for each Gold X share.
Gold X expects to apply for a final order of the Supreme Court of
British Columbia approving the Arrangement on or about June 1, 2021
(the “Final Order”).
Subject to receipt of the Final Order, as well as the satisfaction or
waiver of other customary closing conditions,
Gold X and the Company expect that the Arrangement will become
effective at 12:01 a.m. on June 4, 2021.
About Gran Colombia Gold Corp.
Gran Colombia is a Canadian-based mid-tier gold producer with its
primary focus in Colombia where it is currently the largest underground
gold and silver producer with several mines in operation at its high-
grade Segovia Operations.
Gran Colombia’s portfolio includes equity positions in several listed
companies advancing gold and silver projects including
a 44.3% equity interest in Aris Gold Corporation (TSX: ARIS)
(Colombia – Marmato; Canada – Juby),
a 17.8% equity interest in Gold X Mining Corp. (TSX-V: GLDX) (Guyana –
Toroparu),
a 27.3% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain –
Lomero; Colombia – Guia Antigua and Zancudo) and
a 25.8% equity interest in Western Atlas Resources Inc. (TSX-V: WA) b(Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at
http://www.grancolombiagold.com
and by reviewing its profile on SEDAR at www.sedar.com.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
Cautionary Statement on Forward-Looking Information:
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Voting-Results-of-the-Annual-General-and-Special-Meeting-of-Shareholders-Held-Today-Shareholders-Approve-Gold-X-Acquisition/default.aspx
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164077344
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Gold spot up 18 on opex today. Huh. What up. Was it that got folks to pile in? Half trillion Repo by the Fed today, or the talking Fed heads telling everyone that Fed can fight run away inflation? Especially when JP never mentioned run away anything, what did he call it transitory inflation? U can’t make this stuff up. Me thinks gold about to blast off.
this is a big deal folks, Huge. its happening slower than I thought it would, Basil 3 is bringing back gold as a viable standard, and China has been waiting for this to occur. BIS knows the dollar has to weaken, US has been abusing the world with its never ending printing where there is now about 600T in derivatives in the world, all interest rate sensitive. Crypto is proof that people are tired of it, but putting your money into a ponzi backed by nothing other than when a billionaires lips move is not a storehouse of value. Crypto will have its place, China and central banks know this, its how people will trade safely across borders with gold backing it so loose lips wont sink financial ships.
Not a bad bounce, although it went deeper than expected.
https://kingworldnews.com/analyst-david-p-out-of-europe-major-signals-on-gold-miners-plus-400-silver/
Looking forward to what is coming.
That’s it, when QBs and dumbo football players jump into crypto, it’s time to get out. Get into gold, or better yet silver and hang 10 on the biggest wave in ur lifetime about to surface.
Some entity just walked gold back down, dollar coming back from shock.
Some entity just walked gold back down, dollar coming back from shock.
Employment misses by a mile. Most likely markets will ignore it.
VIX gonna fly this year. Above 80 and beyond. Watch the wall grow.
https://www.kitco.com/news/2021-04-23/Can-drastic-bitcoin-selloff-help-push-gold-price-above-1-800-next-week.html
I dont think gold is too much moved by bitcoin one way or the other, but I do believe we will see things never seen before, and the phrase you aint seen nothing yet is appropriate for metal, miners, bitcoin, all based on economy. Peter Schiff is always talking up something, but he is often right, and when it comes to the hollowness of bitcoin and the denial of sky high debt and bubbles, is yet to be seen.
china is getting close to their own crypto backed by gold. they are paving the way by saying crypto is ok.
https://www.zerohedge.com/markets/huge-reversal-china-now-calls-bitcoin-investment-alternative-after-years-crackdowns
It’s still coming folks. Get ready.
I love this article, magnets and DDD. Do your triple DDD too. Mine is close.
Dollar going down, too much Debt , out of control Derivatives based on interest rates, 600 Trillion worth.
http://www.demeadville.com/100421_The_Gold_Update.html
gold indexs and gold miners need to band together and create credit cards based on gold, where they can buy anything they want anytime they want, or cash in any balance for fiscal, and add balance to account with gold deposits. say pair up with chainlink to make transfers safe and easy.
So many experts coming out of the woodwork, saying when this goes down gold should go down, when that goes up gold should go down......they know nothing. gold is the front running indicator for everything accept silver. All other movement is controlled to suppress that movement(oil, dollar, yen, rates, crypto, inflation) Gold is normally an indicator for all of these things going wrong, and still has all the fundamentals supporting sky high value simply because of sky high debt. Gold should be somewhere between 2600 and 23k, right now, but the paper gold casino where there are hundreds of pieces of paper per gold is suppressing the price. once physical gold breaks free of paper control, if it ever does, it will be going up hundreds/day.
Gold 1,730
Rhodium 23,000
Palladium 2,598
Big Inflation coming. It will be bizzaro for a while, u know, like the dollar going up when prices go up, there is no normal anymore. Which is precisely why getting back to normal with unprecedented debt will be very very painful.
Yes gold don’t like strong dollar, not to worry, things will change right before our eyes in an instant.
Nobody even noticing oil prices just like they won’t notice price increases while they spend free money from gov. And as interest rates rise under duress, caldera forms in gold. Stay tuned.
$trunkmonk thanks; Gran Colombia and Gold X Execute Arrangement Agreement for the
Creation of a Mid-Tier Latin American-Focused Gold Producer
March 15, 2021
TORONTO, March 15, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) (“Gran Colombia”) and
Gold X Mining Corp. (TSXV: GLDX) (“Gold X”) are pleased to announce
that they have entered into a definitive arrangement agreement (the
“Agreement”) pursuant to which Gran Colombia will acquire all of the
issued and outstanding common shares of Gold X (the “Gold X Shares”)
not already owned by Gran Colombia by way of a statutory plan of
arrangement (the “Arrangement”) under the Business Corporations Act
(British Columbia).
Gran Colombia currently owns 9,571,158 shares of Gold X, or
approximately 18% of the Gold X Shares outstanding.
Under the terms of the Agreement, all of the issued and outstanding
Gold X Shares will be acquired by Gran Colombia in exchange for
Gran Colombia common shares (the “Gran Colombia Shares”)
on the basis of 0.6948 of a Gran Colombia Share for each
Gold X Share (the “Exchange Ratio”).
The Exchange Ratio implies consideration of CA$4.10 per Gold X Share
based on the 20-day volume weighted average price of
the Gran Colombia Shares on the Toronto Stock Exchange as of
the market close on March 12, 2021 (the “Value Date”) for total
consideration of approximately CA$315 million on a 100% and fully
diluted in-the-money basis.
The Exchange Ratio represents a premium of 39% based on the closing
price of the Gold X Shares on the TSX Venture Exchange (the “TSXV”)
on the Value Date and a 44% premium based on the 20-day volume
weighted average price of the Gold X Shares ending on the Value Date.
$Transaction Highlights
Creation of a New, Latin American-Focused Growth Platform –
the combined company will consist of a complementary asset portfolio
including the world-class, free cash flow generating
Segovia Operations located in Colombia, as well as the large,
high-growth and substantially de-risked
Toroparu Gold Project in Guyana that boasts 4.5 million ounces of
LOM gold production over a 24-year mine life.
Latin American Operating & Mine Building Expertise –
unlocking the value of
the Toroparu Gold Project through development and achieving
production will be supported by
Gran Colombia’s proven track-record of mine building and
operating in Latin America.
Significant Resource Growth & Exploration Potential –
significant potential to grow mineable ounces from
24 largely untested, highly prospective veins in close proximity to
the Segovia Operations, as well as delineate additional
large gold deposits and discover high-priority targets within
the 538 km2 Toroparu Gold Project land package,
which predominately remains unexplored.
Enhanced Balance Sheet & Access to Capital –
the combined company will have approximately US$100 million in cash,
greater access to equity and debt capital markets, financing support
from Wheaton Precious Metals as well as robust free cash flow from
Gran Colombia’s Segovia Operations.
Enhanced Capital Markets Profile –
combining Gran Colombia and Gold X has the potential to result in
increased critical mass for further consolidation,
improved trading liquidity and attracting
greater support from institutional investors.
Serafino Iacono, Executive Chairman of Gran Colombia, commented:
“We are pleased to present this arrangement to the shareholders of
Gran Colombia and Gold X. Creating long-term value for our shareholders
is at the core of our strategy.
The contemplated acquisition will provide Gran Colombia with an
opportunity to add a large-scale, long-life Latin American gold
development project to its portfolio.
When this transaction is consummated,
the Toroparu Gold Project will join our
Segovia Operations as cornerstones of our long-term growth strategy.”
Paul Matysek, Chief Executive Officer & Director of Gold X, stated:
"Gold X has delivered on its commitment to maximize value for its
shareholders through its disciplined approach to risk mitigation,
exploration and project development.
This transaction provides Gold X shareholders with an immediate and
significant upfront premium, exposure to an established
Latin American gold producer and re-rating potential.
With a strong operating history, solid balance sheet and track-record
of developing assets within the Guiana Shield,
we believe that Gran Colombia is an ideal partner to bring
Toroparu into production.”
Benefits to Gran Colombia Shareholders
Adds a large, substantially de-risked growth project to
Gran Colombia’s portfolio
7.35 million gold ounces added to
Gran Colombia’s Measured and
Indicated mineral resource profile
Significant potential to upgrade inferred resources into mineable
ounces
Exploration and incremental resource growth within a highly prospective
538 km2 land package
Geographic and asset diversification
Alignment with Gran Colombia’s geographic, development and operational
competencies
Capital markets re-rating opportunity
Benefits to Gold X Shareholders
Significant premium
(44% based on Gold X’s 20-day VWAP as of March 12, 2021 on the TSXV)
Increased balance sheet strength, access to capital and free cash flow
to fund development
Continued exposure to upside at
the Toroparu Gold Project
Diversified ownership in Gran Colombia’s world-class
Segovia Gold Mine
Access to Gran Colombia’s in-house development and operational
capabilities
Gran Colombia’s monthly dividend
Significant improvement in trading liquidity and greater capital
markets exposure
Transaction Conditions & Timing
Gold X intends to call a meeting of shareholders to be held in
May 2021 to seek shareholder approval for the Arrangement
(the “Gold X Meeting”).
Completion of the Arrangement will require:
approval of at least 66 2/3% of the votes cast by
Gold X shareholders at the Gold X Meeting, and
approval of a simple majority of the votes cast by
Gold X shareholders at the Gold X Meeting,
excluding votes from certain shareholders, including
Gran Colombia, as required under Multilateral Instrument 61-101.
Completion of the Arrangement is also subject to the receipt of court
and stock exchange approvals, the approval of a simple majority of
the shareholders of Gran Colombia to the issuance of the Gran Colombia
Shares and other customary closing conditions for transactions of this
nature. Gran Colombia intends to hold its shareholder meeting on or
around the date of the Gold X Meeting.
The Agreement provides for, among other things, non-solicitation
covenants, with “fiduciary out” provisions that allow
Gold X to consider and accept a superior proposal, subject to a
“right to match period”
in favour of Gran Colombia.
The Agreement also provides for a termination fee of
CA$5.5 million to be paid by
Gold X to Gran Colombia if the Agreement is terminated in certain
specified circumstances and a reverse termination fee of
CA$5.5 million to be paid by
Gran Colombia to Gold X if the Agreement is terminated in certain
specified circumstances.
Gran Colombia and Gold X have also agreed
to a reciprocal expense reimbursement of
CA$1 million payable if the Agreement is terminated in certain
circumstances.
The directors and senior officers of Gold X, holding in aggregate
over 2.5% of the issued and outstanding common shares of
Gold X, have entered into voting support agreements with
Gran Colombia, pursuant to which they have agreed to vote their shares
in favour of the Arrangement.
Together with shares already owned or held by
Gran Colombia, approximately 20.6% of Gold X’s issued and outstanding
shares would be voted in support of the Arrangement at
the Gold X Meeting.
The directors and senior officers of Gran Colombia,
holding in aggregate over 4.3% of the issued and outstanding common
shares of Gran Colombia, have entered into voting support agreements
with Gold X, pursuant to which they have agreed to vote their shares
in favour of the Arrangement at the Gran Colombia shareholder meeting.
The companies are working towards closing the transaction
in late May/ early June 2021.
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-and-Gold-X-Execute-Arrangement-Agreement-for-the-Creation-of-a-Mid-Tier-Latin-American-Focused-Gold-Producer/default.aspx
Board Approval and Recommendation
The special committee of independent directors of
Gold X (the “Special Committee”) has received an opinion from
BMO Capital Markets that, based upon and subject to the limitations,
assumptions and qualifications of and other matters considered in
connection with the preparation of such opinion, the consideration to
be received by Gold X shareholders (other than Gran Colombia) pursuant
to the Arrangement is fair, from a financial point of view, to
the Gold X shareholders (other than Gran Colombia)
(the “Fairness Opinion”).
Following its review and in consideration of, amongst other things,
the Fairness Opinion, the Special Committee has unanimously recommended
that the board of directors of Gold X approve the Arrangement.
The Gold X board (with any interested directors having abstained from
voting), following the receipt and review of recommendations from the
Special Committee, has unanimously approved the Agreement and the
Arrangement and has determined that the Arrangement is fair to
shareholders of Gold X (other than Gran Colombia) and is in the best
interests of Gold X, and recommends to shareholders that they vote in
favour of the Arrangement.
The Agreement has also been unanimously approved by the board of
directors of Gran Colombia.
Additional Information
Full details of the Arrangement are set out in the Agreement, which will
be filed by Gold X under its profile on SEDAR at www.sedar.com.
In addition, further information regarding the Arrangement will be
contained in management information circulars to be prepared in
connection with the shareholder meetings and filed on each company’s
profile on www.sedar.com at the time that each is mailed to shareholders.
All shareholders of each company are urged to read the management
information circular once it becomes available as it will contain
additional important information concerning the Arrangement.
Gran Colombia currently owns 9,571,158 Gold X Shares, representing
approximately 18% of the issued and outstanding Gold X Shares on a non-
diluted basis.
Gran Colombia also holds warrants to acquire up to 4,625,000 additional
Gold X Shares at a weighted average exercise price of CA$2.33
(subject to adjustment in certain events) expiring at various dates
within the next 42 months.
Assuming exercise in full of the warrants,
Gran Colombia would own 14,196,158 Gold X Shares,
representing approximately 25% of the issued and outstanding
Gold X Shares on a partially diluted basis.
If the Arrangement is not consummated for any reason,
Gran Colombia intends to continue to review Gold X’s business affairs,
capital needs and general industry and economic conditions, and, based
on such review, Gran Colombia may, from time to time, depending on
market and other conditions, increase or decrease its ownership,
control or direction over the shares or other securities of
Gold X, through market transactions, private agreements, public
offerings or otherwise, or approve a corporate transaction with regard
to Gold X. A copy of Gran Colombia's related amended early warning
report will be filed with the applicable securities commissions and
will be made available on SEDAR at www.sedar.com.
Advisors and Counsel
Gran Colombia has engaged Canaccord Genuity Corp. as its financial
advisor and Wildeboer Dellelce LLP as its legal advisor in connection
with the transaction.
BMO Capital Markets is acting as financial advisor to
the Gold X Special Committee and Stikeman Elliott LLP is acting as
legal advisor to Gold X and the Special Committee in connection with
the transaction.
$About Gran Colombia Gold Corp.
Gran Colombia is a Canadian-based mid-tier gold producer
with its primary focus in Colombia where it is currently
the largest underground gold and silver producer with
several mines in operation at its high-grade
Segovia Operations.
Gran Colombia owns approximately 44% of
Aris Gold Corporation,
a Canadian mining company currently advancing a major expansion and
modernization of its underground mining operations at its
Marmato Project in Colombia.
Gran Colombia’s project pipeline also includes an approximately
18% equity interest in Gold X Mining Corp. (TSXV: GLDX) (Guyana –
Toroparu),
an approximately
36% equity interest in Denarius Silver Corp. (TSX-V:
DSLV) (Colombia – Guia Antigua and Zancudo) and
an approximately
26% equity interest in
Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at
http://www.grancolombiagold.com
and by reviewing its profile on SEDAR at www.sedar.com .
About Gold X Mining Corp.
Gold X Mining Corp. is a Canadian junior mining company developing
the Toroparu Gold Project in Guyana, South America.
Gold X has spent more than US$150 million on the Project to date to
classify 7.35 million ounces of Measured and Indicated and
3.15 million ounces of Inferred gold resources,
develop engineering studies for use in a feasibility study, and define
a number of exploration targets around
the Toroparu Project on its 53,844 hectare (538 km2) 100% owned
Upper Puruni Concession.
Gold X has 53,032,452 issued and outstanding common shares with more
than 40% of the shares closely held by insiders and
Gold X’s executive management team.
Additional information on Gold X can be found on its website at www.goldxmining.com and by reviewing its profile on SEDAR at www.sedar.com .
Cautionary Statement on Forward-Looking Information:
Certain of the information contained in this news release constitutes ‘forward-looking statements’ within the meaning of securities laws. Such forward-looking statements, including but not limited to statements relating to: the transaction and the proposed Arrangement as proposed to be effected pursuant to the Agreement; the ability of the parties to satisfy the conditions to closing of the Arrangement; the mailing of the management information circular in connection with the Gold X Meeting and Gran Colombia’s shareholder meeting and the anticipated timing thereof; and the anticipated timing and effects of the completion of the Arrangement, involve risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements. Such factors include, among others, obtaining required shareholder and regulatory approvals, exercise of any termination rights under the Agreement, meeting other conditions in the Agreement, material adverse effects on the business, properties and assets of Gold X, and whether any superior proposal will be made. Although each of Gold X and Gran Colombia has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Neither Gold X nor Gran Colombia undertakes to update any forward-looking statements, except in accordance with applicable securities laws.
The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Gold X’s actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this press release.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
None of the securities to be issued pursuant to the transaction have been or will be registered under the United States Securities Act of 1933, as amended (the “ U.S. Securities Act ”), or any state securities laws, and any securities issuable in the transaction are anticipated to be issued in reliance upon available exemptions from such registration requirements pursuant to Section 3(a)(10) of the U.S. Securities Act and applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
Primary Logo
Source: Gran Colombia Gold
$Gran Colombia Gold Corp. (TPRFF) Silver and Gold
http://www.grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx
$Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF): One of the Top,
Highest Grade Underground Global Gold Mines, Significant Exploration
Future, Exciting Times Ahead; Mike Davies Interviewed
By Dr. Allen Alper, PhD Economic Geology and Petrology, Columbia
University, NYC, USA
on 2/2/2021
$Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF)
is currently the largest underground gold and silver producer in Colombia,
with several mines in operation at its high-grade Segovia Operations.
$Segovia is one of the top five, highest-grade, underground global gold
operations, with still a significant exploration future in front of it.
Last year they spun off a Company called
Caldas Gold Corp. (TSX-V: CGC; OTCQX: ALLXF) to advance
Marmato Project.
Another spinoff called
ESV Resources Ltd. (TSX-V: ESV.H)
is aimed to create value through the Zancudo and other projects.
Gran Colombia Gold
http://www.metalsnews.com/Metals+News/MetalsNews/Dr.+Allen+Alper,+PhD+Economic+Geology+and+Petrology,+Columbia+University,+NYC,+USA/FEATURED1340523/Gran+Colombia+Gold+Corp+(TSX+GCM+OTCQX+TPRFF)+One+of+the+Top+Highest+Grade+Underground+Global+Gold+Mines+Signifi.htm
$Gran Colombia Gold Provides Exploration Update for Its Segovia Operations
February 23, 2021
$Announces multiple high-grade gold and silver intercepts from the
initial drill holes at its Vera brownfield target
Plans to drill 60,000 meters at its Segovia Operations in 2021 at an
estimated total cost of approximately US$14 million
TORONTO, Feb. 23, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today that
the first eight step-out diamond drill holes at
the Vera brownfield target in its Segovia mining title
have resulted in multiple high-grade gold and silver intercepts,
including:
96.68 g/t Au and 423.7 g/t Ag over 0.49 meters on the Lluvias Vein
m(VER-ES-006);
46.54 g/t Au and 365.0 g/t Ag over 0.34 meters on the Lluvias Vein
(VER-ES-005); and
5.48 g/t Au and 212.1 g/t Ag over 0.64 meters on the Lluvias Vein
(VER-ES-003).
The diamond drill holes at Vera, totaling 2,223 meters, were carried out
from surface as part of the Company’s brownfield drilling program which
commenced in October 2020 aimed at testing the down-dip continuity of
the historical Vera mine, a past-producing mine operated by
Frontino Gold Mines Ltd
(“FGM”) from 1940 until 1988.
The Vera vein is one of 24 known veins in the Segovia mining title that
Gran Colombia is not currently mining.
Serafino Iacono, Executive Chairman of Gran Colombia, commented,
“We are very encouraged by these early drilling results at Vera which
provide a clear indication that mineralization is still open at depth.
This is a very exciting time for Gran Colombia, as we continue to
explore our high-grade producing mines and expand our exploration
efforts to include regional brownfield targets.
The exploration team has done an outstanding job over the last several
years as we have continued to replace and replenish our resource base
and reserves at our mines.
Now the team is ready to take on a strategic, expanded brownfield
exploration program, targeting new resources that will utilize our
current infrastructure and capacity, leading to production growth and
mine life extension at Segovia. We are confident that our exploration
campaign will continue to be a key value driver for
Gran Colombia as we move forward.”
Key Highlights of the Vera Drill Program
The Vera brownfield target is located east of
the Sandra K – Cogote Vein System and represents
one of the highest priority targets in the Company’s
brownfield drilling program at Segovia.
Following a 3D geological and structural modelling exercise
incorporating a compilation of old channel sampling and mining data
along with a new detailed geological-structural survey, an initial
diamond drilling program totaling 3,500 meters in twelve holes was
designed for the Vera brownfield target.
This is aimed at testing the down-plunge continuity of
the main orebody mined in the past and the extension of a
potential NE plunging ore-shoot occurring in the southern sector of
the historical mine, currently being mined by artisanal miners under
contract with the Company.
The brownfield drilling program at Vera commenced in early October 2020
with one diamond drill rig operating from two purpose-built surface
drill stations.
Approximately 63% of the total drilling program was completed by
the end of January in the eight drill holes
reported in this press release.
The remaining four drill holes (approximately 1,300 m) will be
completed by the end of March 2021.
Drilling has confirmed a new model for
the Vera vein which was built based on historical drill hole
intercepts, new structural data, chip channel data and fieldwork.
This new model incorporates a post-mineralization NW striking
dextral oblique-reverse fault that dips to the NE.
This was not previously identified by FGM, which interpreted that
there were two sub-parallel quartz veins named
Vera and Lluvias, the latter in the hanging-wall of the Vera vein.
The intersections to date of the current drill program confirm the
presence of the interpreted fault and the relative displacement along
it, and support the model that
the Vera and Lluvias veins are the same vein, with
the Lluvias vein occurring in the upthrown fault block.
Gran Colombia’s drilling program was successful in confirming
the continuity of the high-grade gold and silver mineralization in
the upthrown fault block, below the deepest level of
the historical mine.
The presence of high silver grades at Vera confirms the metal zoning
pattern and polarity that characterize the entire eastern sector of
the Segovia RPP-140 mining title, shown by a reversal of
the Au/Ag ratios from Sandra K to Guia Antigua.
The style of mineralization of the intersections drilled so far is
characterized by narrow veins hosting two main stages of
mineralization.
“Stage 1” is represented by milky quartz and pyrite and
galena forming nests, while
“Stage 2” is characterized by grey quartz and pyrite intergrown with
galena and sphalerite along with minor amounts of
silver sulfosalts (possibly proustite and/or pyrargyrite).
The veins are enveloped by a narrow halo of sericitic alteration.
The table below lists the key intercepts from the Vera drilling
program:
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Gold-Provides-Exploration-Update-for-Its-Segovia-Operations/default.aspx
http://www.grancolombiagold.com/Home/default.aspx
http://www.grancolombiagold.com/operations-and-projects/colombia/default.aspx
http://www.grancolombiagold.com/news-and-investors/events-and-presentations/events-calendar/default.aspx
http://www.grancolombiagold.com/news-and-investors/Videos/default.aspx
http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2021/Gran-Colombia-Announces-Acquisition-of-Approximately-36-Equity-Interest-in-Denarius-Silver-Corp/default.aspx
http://www.grancolombiagold.com/news-and-investors/market-information/default.aspx#dividends
http://www.grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
Gold futures looking dumb like spot gold. I’m thinking it’s getting ready to move hard in one detection or the other. Since it’s Friday, and it’s skittish near the lows, I may just close my eyes for a while.
Rocky has left the building...in a stretcher. gold 1692
This gold takedown was worse than last March in several ways. None of the conditions are there, it looks like it’s punch drunk in the corner of the ring and has no idea which way to go, most importantly If any of the conditions show up from last year it’s curtains, where I believe gold will have no friends for a long time. Only thing gonna straighten it out is an epic failure of some sort or china steps up rumors of gold standard. Gold looks like a fighter who has been in the ring 15 rounds too many.
All the baloney about shortages have been out there for months. I believe, like a year ago, it will be slow recovery without the head start of a V. Let’s hope I’m wrong, but I see no Rocky Balboa and Adrain took off with bitcoins.
$trunkmonk thanks; 'Great Panther Silver, Ltd. (GPL)' Webcasts -
The Company will host a conference call and webcast on Thursday,
March 4, 2021, at 9:00 AM PT/12:00 PM ET. Shareholders, analysts,
investors and media are invited to join by logging in or calling in
five minutes prior to the start time.
Webcast: Webcast Registration
https://www.greatpanther.com/investors/webcasts/
Canada/USA TF:
1 800 319 4610
International Toll:
+1 604 638 5340
Scroll to the right to see the table data.
A replay of the webcast will be available approximately one hour
after the conference call.
Audio replay will be available until April 4, 2021, by calling
the numbers below using the replay access code 6298.
Canada/USA TF:
1 800 319 6413
International Toll:
+1 604 638 9010
Replay Access Code: 6298
Scroll to the right to see the table data.
Replay of previous Great Panther conference call and webcasts
are available below.
2020
Third Quarter 2020 Financial Results Webcast and Conference Call
Second Quarter 2020 Financial Results Webcast and Conference Call
First Quarter 2020 Financial Results Webcast and Conference Call
https://www.greatpanther.com/investors/webcasts/
$jsc52033 thanks; Great Panther Mining Ltd (GPL) BARCHART OPINION Overall Average: 88% BUY
$GPL is way undervalued and heading to multi dollars the financial
forecasts to be released soon!!
$BARCHART OPINION Overall Average: 88% BUY
Overall Average Signal calculated from all 13 indicators.
Signal Strength is a long-term measurement of the historical strength
of the Signal, while Signal Direction is a short-term (3-Day)
measurement of the movement of the Signal.
Barchart Opinion
https://www.barchart.com/stocks/quotes/GPL/opinion
Will Silver investors take delivery on the COMEX this week: w/David Smith
Physical holdings is the only way to go. The banks hold it. Why not mainstreet folks?
If only true value could be had, too many fake options for safe haven have to be proven they are not. Time.
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