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    Tolima Gold Completes Acquisition of Gold Assets

    Investing News Network
    Dec. 28, 2011 10:14AM PST
    Gold Investing

    Tolima Gold Inc. (TSXV:TOM) announced it has acquired additional gold properties near its existing properties in Colombia.

    Tolima Gold Inc. (TSXV:TOM) announced it has acquired additional gold properties near its existing properties in Colombia.

    As quoted in the press release:

    The total cost for the acquisition of Sun Lakes and Papayo Gold, including the Mineral Properties, land and equipment was US$5,100,000 in cash and 3,297,000 in common shares of Tolima.

    Tolima’s CEO, Jaime Lopez said:

    The Mineral Properties are almost completely surrounded by our most promising current properties, with preliminary mining works and within the trend where the most important operating gold mines of the district are located. This property fits perfectly with our 2012 exploration plan.

    Click here for the Tolima Gold Inc. (TSXV:TOM) press release.

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