Resources Newsletter
Resources Newsletter
Página 13
A NEW MINING DISTRICT?
DECREE 1374 EXCLUSION MAP
Source: Environmental Ministry of Colombia
Mining requests to do exploration have been shown in the past as a sign of predatory mining activities, without noting that only 1 % of the territory in Colombia has actual mining activities.
The most recent exclusion map comprises 21.1 million hectares.
In addtiton to this last cut, 66 million ha are excluded by natural and forest reserves corresponding to 76 % of the national territory left in uncertain conditions to perform exploration.
Colombia remains one of the districts with higher new mineral discovery probabilities in the world.
After announcing the new rally of exploration success in the Cauca Belt, and our expectations form some companies with prospective assets including Colombian Mines Corp.( TSX-V: CMJ), the company confirmed this thesis with positive new results at polymetallic high grade VMS El Dovio Project. Results from the first hole at the Sabana Blanca target included:
17 m @ 2.4 g / t Au( 5.2 g / t Au Eq.) 2 m @ 29.5 g / t Au Eq.
Suggesting a very desirable configuration for a massive sulfide deposit with a fairly well 9-30 m mineralized stockwork in the same orogenic belt than El Roble deposit which has produced some 85Mlb Cu, could being defining the peak of a new district in an unexplored región.
According to the ANM reports, 90 % of these requests have been rejected.
MINING REQUESTS BEFORE ANM PURGE
Source: Colombian Mining Cadastre
The recurrent delays in defining mining available areas is very detrimental to the investment profile of Colombia and greatly benefit illegal mining.
Source: Colombian Mines Corp.
In addition to CMJ, companies keeping on drilling business include 1) Bellhaven C & G( TSX-V: BHV) reporting the longest intercept at La Mina( 311 m @ 1 g / t Au Eq.) at the prospective breccia found at La Garucha( new) target, and 2) Continental Gold( TSX: CNL), which in turn is now focused on taking the Veta Sur and Yaraguá veins to the maximum value by commiting 8 rigs to do infill drilling, safe depth testing and ensuring upgraded high quality resources.
You are welcome to contact us for a complimentary and no-obligation conversation about any South American mining interests or needs your organization might have, or visit our webpage www. ophirmri. com info @ ophirmri. com m. + 57 320 674 1695
Opinions expressed in this report accurately reflect autor’ s personal opinion about the company of concern. Also, the author certifies that he has not received, is not receiving and will not receive any direct or indirect payment in exchange for expressing a specific opinion