Welcome!

News Feed Item

Colombian Mines Expands Drill Indicated Strike of Sabana Blanca Zone and Drills Bedded Sulfide Mineralization at El Dovio Project

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/30/14 -- (TSX VENTURE: CMJ)(FRANKFURT: X6C) - Colombian Mines Corporation ("Colombian Mines" or the "Company") is pleased to announce drilling in the Sabana Blanca zone at the Company's El Dovio project intersected mineralization 230 meters to the east along strike from the Sabana Blanca tunnel materially expanding the drill indicated strike length of the Sabana Blanca zone. Drilling also identified a new zone of zinc dominated mineralization south of the Sabana Blanca adit and a scout drill hole in the Brazo 1 zone resulted in an important geological discovery, intersecting a massive to semi-massive bedded sulfides in a previously unknown sequence of carbonaceous sediments, a geological environment with potential to host a bedded Volcanogenic Massive Sulfide ("VMS") style mineralization.

Discussion and Results

Sabana Blanca Zone:

Drilling in the Sabana Blanca Creek ("SBC") outcrops approximately 230 meters to the east along strike from the Sabana Blanca tunnel intersected mineralization typical of the Sabana Blanca zone. Multiphase bituminous crystalline quartz with semi-massive to massive pyrite (iron sulfide) and chalcopyrite (copper sulfide) cut by veinlets and irregular masses of sphalerite (zinc sulfide) were intersected in both holes drilled in the SBC area and indicate confirmation of the strike extent of mineralization in the high grade Sabana Blanca zone.

Table 1. Summary Drill Intercepts Sabana Blanc Creek Outcrop Area


----------------------------------------------------------------------------
----------------------------------------------------------------------------
                              Intercept                                 AuEq
Hole       From (m)   To (m) Length (m)   Au g/T   Ag g/T  Cu %  Zn %  (g/T)
----------------------------------------------------------------------------
SBC14-01       61.0     64.0        3.0     8.02     4.90  0.83   0.5    9.7
----------------------------------------------------------------------------
SBC14-02       35.5     40.8        5.3     1.58    15.42  3.96   0.1    8.4
----------------------------------------------------------------------------
               56.9     61.7        4.8     2.14     7.46  1.05   1.5    4.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------

(i)Note: Gold Equivalent values were calculated using the following metal prices, Gold $40.99 / gram, Silver $0.63 / gram, Copper $3.04 / pound and Zinc $0.96 / pound.

New Zone:

Drill holes SB14-01, 02 and 03 were drilled from a point roughly 82 meters south of the outcropping mineralization and in the structural hanging-wall of the Sabana Blanca zone. SB14-01 did not intersect significant mineralization. Holes SB10-02 and 03 intersected significant mineralization that may be indicative of a new zone of mineralization.

This mineralization is interpreted to be separate and distinct from that of the main Sabana Blanca zone. Sphalerite is the dominant mineral and has a distinctive brick red color while that of the Sabana Blanca zone is typically a dark brown color, possibly indicating higher iron content and higher temperatures of formation. Unlike mineralization in the Sabana Blanca zone, where chalcopyrite is a major component, in the newly identified zone chalcopyrite is present in trace amounts. Logging and interpretation suggests this zone is situated well above the and in the structural hanging wall of the main Sabana Blanca zone.

Table 2. Summary Drill Intercepts - New Zone


----------------------------------------------------------------------------
----------------------------------------------------------------------------
                               Intercept                               Au Eq
Hole        From (m)  To (m)  Length (m) Au g/T  Ag g/T   Cu %   Zn %  (g/T)
----------------------------------------------------------------------------
SB14-01     No Significant Intercepts
----------------------------------------------------------------------------
Sb14-02         17.0    22.0         5.0   0.57    4.96   0.23    4.0    3.1
----------------------------------------------------------------------------
SB14-03         53.5    64.3        10.8   1.18    3.77   0.26    0.4    1.9
----------------------------------------------------------------------------
                73.6    79.5         5.9   0.78    3.34   0.24    0.2    1.3
----------------------------------------------------------------------------
----------------------------------------------------------------------------

(i)Note: Gold Equivalent values were calculated using the following metal prices, Gold $40.99 / gram, Silver $0.63 / gram, Copper $3.04 / pound and Zinc $0.96 / pound.

Brazo 1 Zone:

Scout hole BR14-01, discovered a previously unknown sequence of well developed bedded, semi-massive to massive sulfides consisting of fine grained pyrite and pyrrhotite with traces of chalcopyrite and sphalerite in thin bedded, fine grained silty carbonaceous sediments including minor intervals of chert and metamorphosed volcanic rocks. The sedimentary package appears to strike nearly north - south and the east - northeast trending Sabana Blanca zone is projected to intersect this important horizon between BR14-01 and SBC14-01 in an area wholly lacking outcrop. This important discovery materially expands the exploration potential for the El Dovio project and further indicates that the high grade Sabana Blanca zone is a large feeder or "stringer" zone beneath a highly prospective VMS horizon. Values in the bedded sulfides and surrounding sediments are moderately to highly anomalous, ranging from 0.01 to 0.16 g/T Au, 0.02 to 1.7 g/T Ag, 0.011 to 0.033 % Cu, and 0.01 to 0.07 % Zn and clearly indicate elevated metal content well above background levels.. Hole BR14-01, was drilled to a depth of 98 meters at an azimuth of 59 degrees and an inclination of 45 degrees, lack of outcrop in the area resulted in the hole being drilled sub-parallel to the dip of the sedimentary package that hosts the bedded sulfides and therefore testing a comparatively narrow portion of this previously unknown bedding controlled mineralization. The Company has formulated plans to establish suitable drill sites to allow drilling that will cut across the sedimentary package and test high grade surface mineralization in the Brazo 1 zone where surface channel sampling by the Company returned composite surface channel results grading 3.8 g/T Au, 4.1 g/T Ag and 0.3% Zn over 9 meters as announced November 5, 2012.

Ongoing Drilling

The Company has initiated a program of underground drilling utilizing the Company's man portable hydraulic drill. This will allow the Company to explore certain very high grade targets it has not been able to test from the surface. Once underground drilling is completed, the Company plans to continue surface drilling where priority targets will include expansion of drilling in the Sabana Blanca zone and the projected intersection of the Sabana Blanca and Brazo 1 zones.

Notes and Comments

All drill intercepts in reported herein are drilled intercept length. It is believed true width of these intercepts is between 80 to 100 percent of the reported intercept length, however insufficient drilling has yet to be done in these drill area to reasonably determine the geometry and true width of the intervals.

Gold equivalency calculations are included to more clearly present the approximate value of the polymetallic mineralization at El Dovio. All gold equivalent values (opt AuEq) were calculated using the following metal prices, Gold (1275 per troy ounce ($40.99 / gram), Silver $19.75 per troy ounce ($0.63 / gram), Copper $3.04 / pound and Zinc $0.96 / pound. One troy ounce contains approximately 31.1 grams and one percent equals approximately 22 pounds per metric tonne.

Sample Collection - Quality Control - Quality Assurance

The Company's samples are collected in accordance with accepted industry best practices. Core is transported from the site to the Company's core facility in Medellin, Colombia by Company personnel. After being logged, photographed, diamond saw cut and sampled, samples are delivered the SGS's Medellin laboratory for preparation and analyses, (ISO9001:2000). Gold is analyzed by fire assay with an ICP/AES finish. Silver and base metal analyses were determined with ICP/AES techniques. The Company maintains and continuously monitors its rigid QC-QA through insertion of a series of blank, duplicate, certified standard samples at a rate of 1:30 or higher into the sample stream.

Mr. Robert G. Carrington, P.Geo., a Qualified Person as defined by National Instrument 43-101 and President of the Company, has reviewed and verified the technical information in this news 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.

Forward-Looking Statement:

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.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
"Software-defined storage is a big problem in this industry because so many people have different definitions as they see fit to use it," stated Peter McCallum, VP of Datacenter Solutions at FalconStor Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Unless your company can spend a lot of money on new technology, re-engineering your environment and hiring a comprehensive cybersecurity team, you will most likely move to the cloud or seek external service partnerships. In his session at 18th Cloud Expo, Darren Guccione, CEO of Keeper Security, revealed what you need to know when it comes to encryption in the cloud.
Actian Corporation has announced the latest version of the Actian Vector in Hadoop (VectorH) database, generally available at the end of July. VectorH is based on the same query engine that powers Actian Vector, which recently doubled the TPC-H benchmark record for non-clustered systems at the 3000GB scale factor (see tpc.org/3323). The ability to easily ingest information from different data sources and rapidly develop queries to make better business decisions is becoming increasingly importan...
StackIQ has announced the release of Stacki 3.2. Stacki is an easy-to-use Linux server provisioning tool. Stacki 3.2 delivers new capabilities that simplify the automation and integration of site-specific requirements. StackIQ is the commercial entity behind this open source bare metal provisioning tool. Since the release of Stacki in June of 2015, the Stacki core team has been focused on making the Community Edition meet the needs of members of the community, adding features and value, while ...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus...
The competitive landscape of the global cloud computing market in the healthcare industry is crowded due to the presence of a large number of players. The large number of participants has led to the fragmented nature of the market. Some of the major players operating in the global cloud computing market in the healthcare industry are Cisco Systems Inc., Carestream Health Inc., Carecloud Corp., AGFA Healthcare, IBM Corp., Cleardata Networks, Merge Healthcare Inc., Microsoft Corp., Intel Corp., an...
Is your aging software platform suffering from technical debt while the market changes and demands new solutions at a faster clip? It’s a bold move, but you might consider walking away from your core platform and starting fresh. ReadyTalk did exactly that. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue and over a decade of audio conferencing product development to start an innovati...
Continuous testing helps bridge the gap between developing quickly and maintaining high quality products. But to implement continuous testing, CTOs must take a strategic approach to building a testing infrastructure and toolset that empowers their team to move fast. Download our guide to laying the groundwork for a scalable continuous testing strategy.
Early adopters of IoT viewed it mainly as a different term for machine-to-machine connectivity or M2M. This is understandable since a prerequisite for any IoT solution is the ability to collect and aggregate device data, which is most often presented in a dashboard. The problem is that viewing data in a dashboard requires a human to interpret the results and take manual action, which doesn’t scale to the needs of IoT.