Colombian Mines Collects 1,120 g/T Silver and 9.54% Copper Grab Samples from 8.5 Kilometer Long Geophysical Anomaly at Mercedes
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 19, 2014) - Colombian Mines Corporation (TSX VENTURE:CMJ)(X6C.F) ("Colombian Mines" or the "Company") is pleased to announce results of recent reconnaissance samples assaying from 935 to 1,120 grams silver per metric tonne (g/T Ag), 3.88 to 9.54% copper (Cu) and 0.992 to 1.258 grams gold per metric tonne (g/T Au) from samples collected by crews field checking a newly identified eight and one half (8 1/2) kilometer long geophysical anomaly along the northern most belt of mineralization at Mercedes. This new area lies approximately 2.8 kilometers southeast of, and structurally on trend from the area where the Company has previously reported reconnaissance samples to 50 g/T Au, 773 g/T Ag and 26.5% Cu. These latest results identify an important extension of high grade mineralization along a major structural corridor, and demonstrate the importance of airborne geophysics in identifying prospective targets within the large Mercedes project area.
The samples were collected by crews investigating anomalies identified in recently announced aero-magnetometry and radiometric surveys. All samples reported are reconnaissance rock chip and grab surface samples for geochemical purposes only. Mineralization along the northern belt is typically found in veins, stock works and breccia zones that are spatially associated with, and parallel to a pair of large northwest trending faults forming multiple intersections with cross faults as seen on the geology map of the property at http://www.colombianmines.com/Mercedes.asp and a large linear topographic anomaly known as Yellow Ridge (Fillon Amarillo). Coincident magnetic and radiometric anomalies identify a zone of interest at least eight and one half (8 1/2) kilometers long trending North 45° - 60° West that appears to be more than one (1) kilometer wide.
As discussed in the Company's previous press releases, mineralization at Mercedes is thought to occur in three principal northwest trending belts. High grade gold-silver-copper mineralization dominates the northern belt, while the central and southern belts appear to be dominated by silver-copper and copper mineralization. Importantly, all of the highest gold, silver and copper values are from this northern belt of mineralization.
About Mercedes:
The 100% owned, 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 near Fillon Amarillo has returned sample results from separate samples to 50 g/T Au, 1,120 g/T Ag, and 26.5% Cu over a zone at least 2.8 kilometers long and roughly 1 kilometer wide. Work to date indicates at least three similar belts of mineralization cross the property. Historically, artisanal mining has exploited bonanza grade gold and copper mineralization, as well as high purity barite in the region but there is currently no artisanal mining activity on the property. Epithermal mineralization appears to be distal to several intrusive complexes that may host porphyry style gold - copper exploration targets. Potential may exist to discover high grade, sediment hosted gold - copper mineralization in carbonate platform sequences known to underlie the outcropping volcano-sedimentary sequences.
Up Coming Events:
Colombian Mines will be exhibiting at PDAC in Session A, Sunday and Monday, March 2 and 3 in booth 2215A. The Company will also be presenting the El Dovio project in the Core Shack Session B, Tuesday and Wednesday, March 4 and 5, and will be making a corporate presentation on Tuesday, March 4 at 4:40 PM, Session Gold - Americas 3, Room 801A, MTCC, South Building.
Mr. Robert G. Carrington, P. Geo, a Qualified Person as defined by National Instrument 43-101, the President and CEO of the Company, has reviewed and verified the technical information contained 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.
