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Colombian Mines Corporation (TSXV:CMJ,FWB:X6C) will commence drilling at its Yarumalito porphyry gold project on August 1, 2013. The planned drilling program will consist of 3,500 to 4,000 meters of diamond core drilling, and drill targets have been selected based on integrating new and historic work. Drilling is being conducted under an Option Agreement with Teck Resources Limited, through its Colombian subsidiary.
As quoted in the press release:
Drilling at Yarumalito is being conducted under an Option Agreement with Teck Resources Limited, through its Colombian subsidiary (“Teck”). Colombian Mines manages the project which is 100% sole funded by Teck. The total commercial value of the work commitments, payments and private placements to Colombian Mines under the option
agreement is $15,500,000 as previously disclosed by the Company March 2, 2012.The planned drilling program will consist of 3,500 to 4,000 meters of diamond core drilling. Drilling willtest favorable geochemical and geophysical targets in the Obispo, Balastreras, Boca Toma, La Suiza, and extensions of the Escuela zones within the broad 3 kilometer by 2 kilometer Yarumalito anomalous zone.
Click here to read the Colombian Mines Corporation (TSXV:CMJ,FWB:X6C) press release
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