$trunkman thanks; 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.
Gran Colombia Announces Multiple High-Grade Drill Results From the 2021 In-Mine and Brownfield Drilling Campaigns at Its Segovia Operations; Success Continues at the Brownfield Vera Project Including 31.78 g/t Au and 8,150.0 g/t Ag Over 0.30 Meters June 09, 2021 TORONTO, June 09, 2021 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) (“Gran Colombia” or the “Company”) announced today multiple high-grade intercepts from the latest 62 diamond drill holes, totaling 13,056 meters, from the 2021 in-mine and near-mine drilling programs and a further 11 diamond drill holes, totaling 3,190 meters, from the 2021 brownfield drilling programs at its Segovia Operations.
The Company also announced the assay results from four additional kick- off diamond drill holes (2,319 meters) from the ongoing directional drilling program at the El Silencio Deep Zone.
Significant high-grade intercepts from the latest drill results include:
In-mine
Providencia: 211.68 g/t Au and 253.6 g/t Ag over 0.33 meters on the Providencia Vein (PV-ES-008);
Sandra K: 147.91 g/t Au and 194.8 g/t Ag over 0.74 meters on the Sandra K Techo Hanging Wall Vein (SK-IU-175); Sandra K: 85.56 g/t Au and 262.1 g/t Ag over 1.32 meters on the
Sandra K Techo Vein (SK-IU-169);
Chumeca: 187.11 g/t Au and 242.2 g/t Ag over 0.43 meters on the Chumeca Hanging Wall Vein (CH-IU-030);
El Silencio: 37.16 g/t Au and 52.5 g/t Ag over 0.55 meters on the 450 Vein (ES-MH08-02);
El Silencio: 23.25 g/t Au and 117.5 g/t Ag over 1.80 meters on the Manto Vein (ES-MH08-02); Brownfield
Vera: 15.39 g/t Au and 3,496.1 g/t Ag over 0.70 meters on the Lluvias Vein (VER-ES-010); and,
Marmajito: 123.65 g/t Au and 172.60 Ag over 0.93 meters on the Marmajito Vein (MAR-EU-003).
$GLDXF: effective June 8,2021 Gran Colombia Gold Corp acquired all of the issued and outstanding common shares of Gold X Mng Corp. For further information, refer to the Company's management information circular in respect of the shareholder meeting held on May 27, 2021, and its news releases dated May 20, 2021, May 27, 2021 and June 1, 2021.
post-tax NPV5% of $1,034M for the Toroparu project
(toro present value with 5% discount is a billion US dollars but market gives it only C$200M or less)
ongoing project optimization that includes the discovery of continuous high-grade gold bearing structures extending for +3 km in strike and +450m in depth.
over time, as it advances, it should become more accretive as we increase the multiple applied to;
$Toroparu (using a 1.0x multiple our target would be ~C$22).
$Gold should rocket, along with silver and miners, soon.
$trunkmonk thanks; $4000 Gold – Insurance, A Hedge, An Investment Kelsey Williams
$Gold Price vs Stock Market – 100 Year Chart
$Gold Price vs Stock Market – 20 Year Chart
$Gold Price vs Stock Market – 10 Year Chart
$Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming 22,126 views•May 31, 2021
Palisades Gold Radio 70.2K subscribers Tom welcomes mining legend Pierre Lassonde to the show. Pierre is the Co- Founder of Franco Nevada and Formerly President of Newmont Mining.
$trunkmonk thanks; 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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