VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 9, 2014) - Colombian Mines Corporation (TSX VENTURE:CMJ)(FRANKFURT:X6C) ("Colombian Mines" or the "Company") is pleased to announce it has awarded the contract for drilling at El Dovio to MPX Drilling Colombia SAS ("MPX"). Accordingly, MPX has advised the Company it will mobilize equipment and field crews to El Dovio, arriving April 11.
The 2014 drilling will expand on the highly successful and exciting 2013 drilling. The 2014 drilling will consist mostly of step-out drilling to expand know mineralization in the Sabana Blanca zone along strike and down dip as well as initial drill testing of the Platanillal and Brazo 1 zones. Table 1 below presents the announced drill intervals from the Company's 2013 drill program in the Sabana Blanca zone at El Dovio.
| TABLE 1. Previously Announced 2013 El Dovio Drill Intercepts | ||||||||
| Drill Hole Number |
From (m) |
To (m) |
Length (m) |
Length (feet) |
Au g/T |
Ag g/T |
Cu % |
Zn % |
| D13-01A | 21.3 | 120.9 | 99.6 | 327 | 0.64 | 1.41 | 0.08 | 0.18 |
| 26.0 | 30.0 | 4.0 | 13 | 2.26 | 1.93 | 0.05 | 0.15 | |
| 69.2 | 86.3 | 17.1 | 56 | 2.38 | 4.03 | 0.37 | 0.71 | |
| Including | ||||||||
| 81.4 | 86.3 | 4.9 | 16 | 7.28 | 11.74 | 1.23 | 1.99 | |
| Including | ||||||||
| 81.4 | 83.5 | 2.1 | 7 | 15.60 | 20.31 | 2.24 | 2.09 | |
| 114.8 | 120.9 | 6.1 | 20 | 7.00 | 4.36 | 0.02 | 0.65 | |
| Including | ||||||||
| 114.8 | 117.7 | 3.0 | 10 | 13.77 | 5.76 | 0.02 | 0.13 | |
| D13-02 | 47.5 | 98.7 | 51.2 | 168 | 1.15 | 5.99 | 1.11 | 0.16 |
| 51.6 | 53.5 | 1.9 | 6 | 3.18 | 2.33 | 0.26 | 0.10 | |
| 77.5 | 92.9 | 15.4 | 51 | 3.43 | 17.93 | 3.60 | 0.40 | |
| Including | ||||||||
| 79.5 | 91.9 | 12.4 | 41 | 4.02 | 20.23 | 4.17 | 0.46 | |
| Including | ||||||||
| 89.3 | 91.9 | 2.6 | 9 | 9.36 | 30.06 | 5.16 | 0.50 | |
| D13-04 | 40.0 | 101.5 | 61.5 | 202 | 0.60 | 3.56 | 0.72 | 0.13 |
| 71.0 | 100.6 | 29.6 | 97 | 1.14 | 6.86 | 1.48 | 0.16 | |
| Including | ||||||||
| 72.0 | 77.1 | 5.1 | 17 | 4.02 | 10.80 | 1.33 | 0.36 | |
| and | ||||||||
| 93.0 | 100.6 | 7.6 | 25 | 0.95 | 15.70 | 4.30 | 0.26 | |
| D13-05 | 69.0 | 95.5 | 26.6 | 87 | 1.66 | 9.55 | 1.53 | 0.36 |
| Including | ||||||||
| 86.5 | 93.4 | 6.9 | 23 | 5.86 | 34.29 | 5.89 | 1.29 | |
| D13-06 | 41.5 | 59.5 | 18.0 | 59 | 1.20 | 3.24 | 0.57 | 0.46 |
| Including | ||||||||
| 49.6 | 51.6 | 2.0 | 7 | 3.60 | 3.00 | 0.07 | 0.69 | |
| and | ||||||||
| 54.5 | 56.9 | 2.4 | 8 | 3.90 | 15.60 | 4.00 | 2.26 | |
| D13-07 | 37.7 | 83.5 | 45.8 | 150 | 0.97 | 3.93 | 0.55 | 0.31 |
| Including | ||||||||
| 47.5 | 56.3 | 8.8 | 29 | 2.60 | 12.94 | 2.68 | 0.87 | |
| also | ||||||||
| 53.0 | 56.3 | 3.3 | 11 | 2.04 | 26.66 | 6.83 | 0.83 | |
| D13-08 | 54.5 | 91.3 | 36.8 | 121 | 0.80 | 1.99 | 0.26 | 0.23 |
| Including | ||||||||
| 55.5 | 58.5 | 3.0 | 10 | 3.68 | 11.57 | 1.91 | 1.08 | |
| and | ||||||||
| 69.5 | 72.5 | 3.0 | 10 | 3.88 | 5.53 | 0.63 | 1.15 | |
About El Dovio: Colombian Mines Corporation's El Dovio project hosts structurally controlled, high grade, gold - poly metallic mineralization comprised of multi-phased coliform banded crystalline quartz containing semi-massive to massive sulfides in metamorphosed thoelitic volcanic rocks of the Cañasgordas Group. Mineralization at El Dovio occurs in four major zones, the Sabana Blanca, Granizales, Platanillal and Brazo 1 zones. Metallurgical characteristics are excellent, yielding greater than 96% of the contained gold, copper and zinc, and 91% of contained silver with conventional flotation.
Additional potential exists to discover bedded VMS style mineralization along an important sediment - volcanic contact that stretches for more than seven (7) kilometers across the El Dovio property and which is similar to that known to host the Atico Mining's, Mina El Roble. The Company has already identified strong gold and copper geochemical results similar to those associated with mineralization in the Sabana Blanc, Brazo 1 and Granizales zones and limited prospecting of this zone discovered bedded sulfides in graphitic sediments.
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.
Contact Information:
Sharon Hebgin
Corporate Communications
(604) 649-9195 - Canada
(760) 668-7211 - United States
shebgin@colombianmines.com
Colombian Mines Corporation
Dave Cross
Chief Financial Officer and Corporate Secretary
(604) 669-0868
dcross@crossdavis.com
www.colombianmines.com