He explicitly says this for segovia alone. He said this last year, long before the merger with goldx.
He must mean bringing some of the other 20 unexplored Segovia veins into production.
If that is the case, adding Toroparu would make the total 600k oz per year.
Institutions should like the bigger $500 mil market cap company and greater than 500k oz production with diversified country.
When guy in guyana was profitable, it was given a high valuation ($800 mil market cap for only 200k oz production).
Some people think that is a better country for investment.
Q: does the polymetalic plant work with denarius ore? It is polymetalic with silver and gold. Truck some ore over, add a crusher, and GCM increases production even more.
$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:
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
$Aris Gold Announces 10,000 Metre Drill Program At Juby Project, Ontario, Canada
Aris Gold Corp this morning announced that it has begun planning for a drill program on its Juby Project within the Abitibi greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of drilling.
Aris Gold Corp (TSX: ARIS) this morning announced that it has begun planning for a drill program on its Juby Project within the Abitibi greenstone belt of Ontario. The program is expected to consist of a total of 10,000 metres of drilling.
The initial drill program is set to begin in the third quarter of 2021, with the program targeting an extension between the Big Dome and Golden Lake deposits, while also testing known high grade mineralized zones. Currently, the project contains a 10 kilometre long strike which follows the Tyrrell Shear Zone.
Presently, the 14,000 acre Juby property contains a mineral resource estimate of 773,000 ounces of indicated gold within 21.3 million tonnes based on an open pit model. A further 1,488,000 ounces of inferred resource is contain within the model, within 47.1 million tonnes. The estimate is based on a 0.4 g/t cut-off, and was established via 105,861 metres of drilling within 379 holes.
Active exploration has not occurred on the property since 2018.
Aris Gold last traded at $2.30 on the TSX.
$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately 44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company currently advancing a major expansion and modernization of its underground mining operations at its Marmato Project in Colombia.
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