Aris Mining Corp (ARIS)

[NYBob]

European Appetite For Gold Has Room To Grow – World Gold Council
Neils Christensen Neils Christensen
Tuesday April 11, 2017 14:59

http://www.kitco.com/news/2017-04-11/European-Appetite-For-Gold-Has-Room-To-Grow-World-Gold-Council.html

Gran Colombia Gold raises gold production -


At the El Silencio and Providencia mines in Segovia, Gran Colombia Gold
concentrates its gold operation. PHOTO Donaldo Zuluaga

At the El Silencio Gold Mine and Providencia Gold mines in Segovia, Gran Colombia Gold concentrates its gold operation.
PHOTO DONALDO ZULUAGA
CALDAS BUSINESS MINING SEGOVIA
POSTED ON MARCH 20, 2017

During the first two months of this year Gran Colombia Gold produced
24,585 troy ounces of gold (765 kilos) and plans to close this year
with 160,000 ounces (4.9 tons) of its mines in Segovia,
Northeastern Antioquia, and Marmato in The north of Caldas.

To achieve this goal, the company announced that in February it
completed the 10,000-meter drilling campaign at
the Providencia de Segovia mine, a task that yielded
favorable results.

According to Serafino Iacono , co-chair of the board of directors of
Gran Colombia Gold, the exploration confirmed that there are at least
two areas with potential, which could increase the overall production
of the Providencia underground mine in the medium term (see
Radiography).

Other exploration work carried out at the Marmato Gold mines;
has made it possible to find an area rich in minerals that is close
to the current front of operations and which, in Iacono's words,
"opens up the potential of a completely different mining scenario
that the company Evaluate carefully ".

It was also reported that the firm SRK Consulting,
is preparing an updated estimate of mineral resources of
Gran Colombia Gold;
which incorporates the results of these drilling.

For the next months of 2017,
the mining company plans to execute a new drilling campaign
of 20,000 meters, to continue its efforts to expand
its mineral resources in its Segovia operations.

Without specifying an amount, Gran Colombia Gold indicated
that the capital investment will focus on
the Providencia Gold Mine and El Silencio Gold mines,
in which it will seek to improve its infrastructure,
adapt ventilation ducts, acquire mining equipment and
expand storage facilities,
as well as implement New plans for health, safety and environmental
initiatives.

Last year, this firm produced 149,687 ounces of gold (4.6 tons)
driven by growth in its Segovia Gold Mines operations.

CONTEXT OF THE NEWS

RADIOGRAPHY
MOVIDA IN THE
SOUTHWEST
Last Thursday, Gran Colombia Gold announced that it has signed
an agreement with Iamgold Corp.;
for the exploration and potential
purchase of a stake in the Zancudo gold mines project in Titiribí,
Southwest Antioquia.

Following the collapse of the gold price in 2013,
the company stopped further exploration at that old gold mines
to focus on the expansion and modernization of its operations
in Segovia.

Iamgold Corp's findings will depend on future
commercial exploitation of that old mines.

Ferney Arias Jiménez
FERNEY ARIAS JIMÉNEZ Contact
Economy journalist from El Colombiano. Oidor of tangos.
I dream of a beautiful moon smile.

http://www.elcolombiano.com/negocios/gran-colombia-gold-quiere-producir-160-000-onzas-de-oro-este-ano-MX6176619 -

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