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Colombian Mines Corporation (TSXV:CMJ,FWB:X6C) announced that MPX Drilling Colombia has moved its drill on-site and is positioning it at El Dovio. In addition, Columbian Mines’ joint venture partner Overland Resources (ASX:OVR) has made its first payment under the Rio Negro joint venture option agreement. Overland has also provided results from 386 soil geochemical samples from its work at Rio Negro.
As quoted in the press release:
Recent soil sampling has better defined an anomalous gold in soil geochemical corridor, extending over approximately 600m x 200m, in the Central area of the Rio Negro Project, with individual soil samples containing more than 2.7 grams gold per metric tonne. Mapping in the Central area has delineated several gold bearing quartz veins with strike orientations similar to the newly identified north-northwest gold in soils trend. Overland advises that it intends to expand the mapping and soil geochemical coverage to the north to better define the nature and extent of the mineralization.
Click here to read the Colombian Mines Corporation (TSXV:CMJ) press release
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