|By Marketwired .||
|May 20, 2014 10:49 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/20/14 -- Editors Note: There is a photo associated with this press release.
Colombian Mines Corporation ("Colombian Mines" or the "Company") (TSX VENTURE: CMJ)(FRANKFURT: X6C) is pleased to report interpretation of high resolution airborne magnetometry and radiometric surveys has been completed at Mercedes. State of the art modeling and interpretation has identified 20 highly prospective anomalies within a newly identified structural corridor more than eight (8) kilometers long and six (6) kilometers wide that is bound by a distinct geophysical lineament termed the DWI trend. The Company has previously reported sample results from surface outcrops within the DWI trend ranging from 264 to 1,120 grams per metric tonne silver (g/T Ag), 0.992 to 49.8 grams per metric tonne gold (g/T Au) and 3.88 to 26.47% copper (Cu). Magnetic and radiometric anomalies indicate potential to expand these occurrences and discover additional vein and porphyry style mineralization on the property.
Using "state of the art" software and interpretation techniques including 3D magnetic vector inversion voxel modeling, consulting geophysicist, Robert Ellis, with EGC Inc. of Reno, Nevada prepared additional products from the high resolution airborne magnetic and radiometric data collected by MPX Geophysics, the acquisition contractor. The approach was to invert the aeromagnetic data to a 3D solid of the magnetic susceptibility. This process creates a block model (voxel) of magnetic susceptibility that's computed effect fits the observed total field response within specified parameters. Depth plans and sections were generated through the susceptibility model to more easily compare known geology with estimates of the depth and geometry of magnetic sources.
Maps of the Magnetization Vector Inversion ("MVI") Susceptibility Amplitude taken at 200 meters below the surface and the Vertical Derivative Reduced to Pole ("VDRTP") clearly show the DWI trend and interpreted graben. The map of the MVI Susceptibility Amplitude may be viewed by clicking here and the VDRTP may be viewed by clicking here or visiting the Mercedes project section of the Company's website. A composite level model of the magnetic susceptibility from the surface to 2,000 meters is available for viewing on the Company's website or by clicking here.
Magnetic and radiometric anomalies indicate east-west, west-northwest and northwest tensional "pull apart" structures within the structural corridor. Tensional structures commonly form low pressure, open spaces, critical for the movement and deposition of vein minerals from metal bearing fluids. The large Quebrada Cobre vein with a strike length of roughly seven (7) kilometers and observed vein widths locally approaching 30 meters is considered by the Company to be one such vein structure. The Company believes there is high potential to discover other similar structures within this corridor. Similar corridors with tensional structures host major mineral deposits in Colombia and around the world. Virtually all of the mineralization in the California and Vetas districts of Colombia is related to a similar system.
The completion of the inversion modeling and the resulting interpretation is an important step forward in the exploration and understanding of the Mercedes project. To date all known high grade mineral occurrences but one, are located within the structural corridor and the bounding DWI trend. Zones of high magnetization flank the structural corridor and are interpreted to be dominated by intrusive rocks with strong potential to host porphyry style mineralization.
About Mercedes: The 100% owned, 5,000 hectare, Mercedes contract covers a district scale volcano-sedimentary hosted, intermediate sulfidation epithermal system with outcropping high grade gold-silver-copper mineralization. Surface reconnaissance of the principal belt of mineralization which includes Fillon Amarillo (Yellow Ridge), the Don Wilson and Imba zones has returned sample results from surface outcrops as previously reported by the Company ranging from .992 to 49.8 g/T Au, 264 to 1,120 g/T Ag and 3.88 to 26.47% Cu over an area roughly 2.8 kilometers long and 1 kilometer wide. Work to date indicates at least three similar sub-parallel belts of mineralization within the interpreted graben. Potential also may exist to discover high grade, sediment hosted gold - copper mineralization in fissile calcareous shale units within the volcano-sedimentary sequence and in carbonate platform units believed to underlie the volcano-sedimentary sequence.
El Dovio: The Company also advises that drilling is ongoing at its El Dovio project. Core form holes SB14-01, SB14-02 and SB14-03 is now in the Company's core facility in Medellin. The Company expects to have all samples for these holes delivered to SGS's Medellin laboratory by May 23. Drilling operations have been moved from the Sabana Blanca zone to the Brazo 1 target zone. Drilling in the Brazo 1 zone will test down dip projections of surface mineralization in an area where the Company has previously announced composite channel sample results averaging 13.6 g/T Au, 10.75 g/T Ag and 1.6% Zn over two (2) meters within a broader nine (9) meter wide zone that averaged 3.8 g/T Au, 4.1 g/T Ag and 0.6% Zn.
Robert G. Carrington is the Company's designated Qualified Person within the meaning of NI 43-101 and has reviewed and validated the technical information contained in this release.
About Colombian Mines Corporation: Colombian Mines Corporation is an aggressive exploration and development stage company with a distinct "first mover" advantage in Colombia. Focused on developing shareholder value through exploration and development of key projects, the Company is also one of Colombia's leading "prospect generators". Further information can be found on our website at www.colombianmines.com.
Robert G. Carrington, President & CEO
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Colombian Mines Corporation. Actual results may differ materially from those currently anticipated in such statements.
To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20140520-CMJ_NR_140520Map800.jpg
Sensors and effectors of IoT are solving problems in new ways, but small businesses have been slow to join the quantified world. They’ll need information from IoT using applications as varied as the businesses themselves. In his session at @ThingsExpo, Roger Meike, Distinguished Engineer, Director of Technology Innovation at Intuit, showed how IoT manufacturers can use open standards, public APIs and custom apps to enable the Quantified Small Business. He used a Raspberry Pi to connect sensors...
Feb. 12, 2016 03:45 AM EST Reads: 328
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, will discuss how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved effi...
Feb. 12, 2016 03:45 AM EST Reads: 261
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Feb. 12, 2016 02:30 AM EST Reads: 219
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Feb. 12, 2016 02:00 AM EST Reads: 428
The principles behind DevOps are not new - for decades people have been automating system administration and decreasing the time to deploy apps and perform other management tasks. However, only recently did we see the tools and the will necessary to share the benefits and power of automation with a wider circle of people. In his session at DevOps Summit, Bernard Sanders, Chief Technology Officer at CloudBolt Software, explored the latest tools including Puppet, Chef, Docker, and CMPs needed to...
Feb. 12, 2016 01:30 AM EST Reads: 340
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
Feb. 12, 2016 12:45 AM EST Reads: 400
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Feb. 12, 2016 12:00 AM EST Reads: 274
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Feb. 11, 2016 11:00 PM EST Reads: 227
Data-as-a-Service is the complete package for the transformation of raw data into meaningful data assets and the delivery of those data assets. In her session at 18th Cloud Expo, Lakshmi Randall, an industry expert, analyst and strategist, will address: What is DaaS (Data-as-a-Service)? Challenges addressed by DaaS Vendors that are enabling DaaS Architecture options for DaaS
Feb. 11, 2016 10:45 PM EST Reads: 363
One of the bewildering things about DevOps is integrating the massive toolchain including the dozens of new tools that seem to crop up every year. Part of DevOps is Continuous Delivery and having a complex toolchain can add additional integration and setup to your developer environment. In his session at @DevOpsSummit at 18th Cloud Expo, Miko Matsumura, Chief Marketing Officer of Gradle Inc., will discuss which tools to use in a developer stack, how to provision the toolchain to minimize onboa...
Feb. 11, 2016 10:00 PM EST Reads: 122
As someone who has been dedicated to automation and Application Release Automation (ARA) technology for almost six years now, one of the most common questions I get asked regards Platform-as-a-Service (PaaS). Specifically, people want to know whether release automation is still needed when a PaaS is in place, and why. Isn't that what a PaaS provides? A solution to the deployment and runtime challenges of an application? Why would anyone using a PaaS then need an automation engine with workflow ...
Feb. 11, 2016 05:15 PM EST Reads: 219
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
Feb. 11, 2016 05:00 PM EST Reads: 392
The cloud competition for database hosts is fierce. How do you evaluate a cloud provider for your database platform? In his session at 18th Cloud Expo, Chris Presley, a Solutions Architect at Pythian, will give users a checklist of considerations when choosing a provider. Chris Presley is a Solutions Architect at Pythian. He loves order – making him a premier Microsoft SQL Server expert. Not only has he programmed and administered SQL Server, but he has also shared his expertise and passion w...
Feb. 11, 2016 04:30 PM EST
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Feb. 11, 2016 04:15 PM EST Reads: 182
SYS-CON Events announced today that FalconStor Software® Inc., a 15-year innovator of software-defined storage solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. FalconStor Software®, Inc. (NASDAQ: FALC) is a leading software-defined storage company offering a converged, hardware-agnostic, software-defined storage and data services platform. Its flagship solution FreeStor®, utilizes a horizonta...
Feb. 11, 2016 04:00 PM EST