Gran Colombia Gold Announces Intersection of 2.05m @ 461 g/t Au,
Including 0.37m @ 2,329 g/t Au, From the Providencia Mine as High-Grade Infill Drilling Results Continue;
Files National Instrument 43-101 Technical Report for Its Marmato Project -
November 20, 2017
TORONTO, Nov. 20, 2017 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX:GCM)
announced results today from the ongoing underground infill drilling
program at the Providencia Mine at its Segovia Operations.
Infill drilling at Providencia is designed on 20 meter x 20 meter
centers, and is aimed to further delineate one of the main high-grade
orebodies, currently in production, on which limited previous surface
drilling had intersected high gold grades.
Hole PV-IU-083, which was drilled from the 5335 drill bay located along
the ramp developed in the hanging-wall of the main vein system,
returned an overall grade of 460.87 g/t Au and 163.5 g/t Ag over a core
length of 2.05 meters, including an outstanding sample interval of
2,329.3 g/t Au and 791 g/t Ag over 0.37 meters. http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2017/Gran-Colombia-Gold-Announces-Intersection-of-205m--461-gt-Au-Including-037m--2329-gt-Au-From-the-Providencia-Mine-as-High-Grade-Infill-Drilling-Results-Continue-Files-National-Instrument-43-101-Technical-Report-for-Its-Marmato-Project/default.aspx Serafino Iacono, Executive Co-Chairman of Gran Colombia, commented:
“We are pleased to report that the latest assay results returned from
the ongoing Providencia infill drilling program represent the highest
drilling grades ever seen at Segovia, which further increases our
confidence in the potential for adding new resources to the mine and to
extending its mine life.
Head grades in the Company-operated mining areas at Providencia have
increased this year, contributing to the 12% year-over year production
growth we recently reported in our nine months 2017 results.
We are now two-thirds of the way through our 2017 drilling program at
Segovia and encouraged by the continuing high-grades of our results.”
Segovia Drilling Highlights and Key Intercepts
These new drilling results augment the previously released high-grade
infill drill results at Providencia Mine in the 2017 drilling program.
This intersection is located about 19 meters from the face of the vein
currently in production, which guarantees high-grade ore in the short-
term mining plan for Providencia.
Drilling results from the Providencia Mine reinforce the previously
modelled high-grade nature, strong down-plunge and along strike
continuity of gold mineralization and thickness of one of the main
orebodies currently in production.
This orebody remains open at depth and to the east, which offers the
potential for additional resource growth, although it is close to the
Drilling focused on providing increased definition and confidence in
the near-term mine operation within the M&I Mineral Resources, and
included the following key intercepts:
Hole From (m) To (m) Width (m) Vein Au (g/t) Ag (g/t)
PV-IU-083* 37.00 39.05 2.05 Providencia 460.87 163.5
including 38.35 38.72 0.37 2,329.30 791.0
* Denotes underground drill holes. This underground hole was drilled at
-17 degrees from the horizontal, and the intersection length does not
represent the true width. Sample grades over 8.0 g/t Au reported.
The intersection is a quartz vein and silicified wall rock.
All gold and silver grades are uncut and are not diluted to a minimum
Please refer to Figure 1 and 2 to this press release for an illustrative
map and cross section related to the Providencia infill drilling
program, copies of which are also available on the Company's website at http://www.grancolombiagold.com
Dr. Stewart D. Redwood, PhD, FIMMM, Senior Consulting Geologist to the Company, is a qualified person as defined by National Instrument 43-101 – Standards of Disclosure or Mineral Projects and prepared or reviewed the preparation of the scientific and technical information in this press release in respect of the drilling results from the Segovia Project. Dr. Redwood verified the data disclosed in this news release, including the sampling, analytical and test data underlying the information contained in this news release. Verification included a review of the quality assurance and quality control samples, and review of the applicable assay databases and assay certificates.
Quality Assurance and Quality Control
The samples were prepared and assayed by SGS Laboratories Ltd (ISO 9001:2008) at their laboratory in Medellin, Colombia. Gold was assayed by fire assay with atomic absorption spectrophotometer (“AAS”) finish. Samples over 10 g/t gold were re-assayed by fire assay with gravimetric finish. Silver was assayed by aqua regia digestion and AAS finish. Silver grades over 500 g/t were re-assayed by nitric acid and hydrochloric acid digestion and AAS finish. Blank, standard and duplicate samples were routinely inserted for quality assurance and quality control. Marmato Project Technical Report
Gran Colombia also announced today that it has filed a technical report
on its Marmato Project in Colombia (the “Technical Report”) pursuant to
National Instrument 43-101 - Standards of Disclosure for Mineral
Projects (“NI 43-101").
The Technical Report supports the disclosure made by the Company in its
October 4, 2017 news release announcing an update of Marmato's
underground mineral resources.
The Technical Report bearing an effective date of June 16, 2017 is
"NI 43-101 Technical Report, Updated Mineral Resource Estimate,
Marmato Project, Colombia" and was prepared by Benjamin Parsons,
MSc, MAusIMM (CP), Eric J. Olin, MSc Metallurgy, MBA, SME-RM, MAusIMM,
Jeff Osborn, BEng Mining, MMSAQP and Fernando Rodrigues, BS Mining,
MBA, MMSAQP, each of whom is a "qualified person" for the purposes of
The report is available on the Company’s website at http://www.grancolombiagold.com
and under the Company’s profile on SEDAR at www.sedar.com.
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 Operations and Marmato Project. Gran Colombia is continuing its expansion and modernization activities at its high-grade Segovia Operations.
Additional information on Gran Colombia can be found on its website at http://www.grancolombiagold.com
and by reviewing the Company’s page on SEDAR at www.sedar.com. http://www.grancolombiagold.com/news-and-investors/press-releases/press-release-details/2017/Gran-Colombia-Gold-Announces-Intersection-of-205m--461-gt-Au-Including-037m--2329-gt-Au-From-the-Providencia-Mine-as-High-Grade-Infill-Drilling-Results-Continue-Files-National-Instrument-43-101-Technical-Report-for-Its-Marmato-Project/default.aspx
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may
include----the reader is cautioned not to place undue reliance on
The photo is also available via AP PhotoExpress.
For Further Information, Please Contact:
Chief Financial Officer
Figure 1 - Providencia Infill Drilling
Figure 2 - Geological Cross Section - Providencia
Figures accompanying this announcement are also available at:
Figure 1: http://www.globenewswire.com/NewsRoom/AttachmentNg/f5dda56f-eeaa-4aee-81b4-fc4e26cdea1b
Figure 2: http://www.globenewswire.com/NewsRoom/AttachmentNg/561dae67-fa46-4733-b991-df23aa488c5f
Source: Gran Colombia Gold https://investorshub.advfn.com/Gran-Colombia-Gold-Corp-TPRFF-30138/ https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136360725
---- Gran Colombia Gold Corp. (TPRFF) Net income for the second quarter of 2017
was $36.2 million, or $1.77 per share,
compared with $0.1 million,
or $0.01 per share, in the second quarter last year.
For the first half of 2017, net income was $35.4 million, or $1.77 per
compared with $10.9 million, or $1.40 per share, in the first half last
Net income for the second quarter and first half of 2017 includes
a $35.5 million after-tax reversal ($1.73 per share) of impairment
related to the Segovia Operations.
Net income in the first half of 2016 included a $14.5 million
after-tax gain on financial instruments. https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134657179
Gran Colombia Gold Corp. (TPRFF)(TSE:GCM) -
Very oversold and undervalued -
Gran Colombia Gold Corp. (TPRFF) P/E Ratio: 0.9408 is the lowest I seen
for all major gold mining producers and TPRFF is the largest gold mining
producer in Colombia - http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=CA%3AGCM&insttype=Stock
it should go back up to what it been at before -
the gold production increased and mining cost/ounce is
lower than before -
it has increased the gold reserves very much higher than before -
history often repeat itself - http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=CA%3AGCM&time=13&startdate=1%2F4%2F1999&enddate=9%2F15%2F2017&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&x=44&y=11&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=8
TPRFF share price $1.45, Earning per share $1.77 AMAZING!
Gran Colombia Gold Corp. - Mining & Metals -
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Very undervalued gold company in the earth! http://www.marketwatch.com/story/gran-colombia-gold-reports-second-quarter-2017-results-announces-mine-life-extension-at-its-segovia-operations-2017-08-14-171603643 http://www.grancolombiagold.com/Home/default.aspx
In GOD We Trust - 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 -