NYBob
2 years ago
GCM Mining Shareholders Approve Proposed Arrangement With Aris Gold
September 19, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-Shareholders-Approve-Proposed-Arrangement-With-Aris-Gold/default.aspx
TORONTO, Sept. 19, 2022 (GLOBE NEWSWIRE) --
GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX:
TPRFF) announced today that its shareholders have voted in favour of the
previously announced plan of arrangement with Aris Gold Corporation (“Aris
Gold”) at today’s special meeting of shareholders (the “Meeting”).
At the Meeting, 30,452,708 shares were voted, representing approximately
31.19% of the issued and outstanding shares of GCM Mining, as detailed in the
table below.
Votes FOR Votes AGAINST
# % # %
29,577,593 97.13% 875,115 2.87%
Aris Gold has confirmed that it has also received approval from its shareholders at a special meeting held earlier today to proceed with the plan of arrangement.
The transaction is expected to close on September 26, 2022, subject to the satisfaction or waiver of certain customary closing conditions. Following closing, the Company will continue under the name Aris Mining Corporation. Aris Mining will be a gold producer with two producing mines, two advanced development projects, and an advanced stage exploration project in the Americas.
About GCM Mining
GCM Mining is a mid-tier gold producer with a proven track record of mine building
and operating in Latin America. In Colombia, the Company is the leading high-
grade underground gold and silver producer with several mines in operation at its
Segovia Operations.
Segovia produced 206,389 ounces of gold in 2021.
In Guyana, the Company is advancing its fully funded Toroparu Project, one of
the largest undeveloped gold/copper projects in the Americas, which is expected to
commence production of more than 200,000 ounces of gold annually in 2024.
GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada - Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at
http://www.gcm-mining.com
and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to the transaction and the proposed arrangement, court approval, the ability of the parties to satisfy the conditions to closing of the arrangement, the anticipated timing of the completion of the arrangement and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2022 and the joint management information circular of the Company and Aris Gold dated August 16, 2022 which are available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@gcm-mining.com
Primary Logo
Source: GCM Mining Corp.
NYBob
2 years ago
GCM Mining: Merger with Aris Gold Creates a Mid-Tier Gold Producer with a Diversified Portfolio
https://www.youtube.com/watch?v=kIpeyKK-StM
||| GCM Mining to Combine with Aris Gold |||
https://www.gcm-mining.com/overview/default.aspx
GCM Mining Announces August 2022 Production
September 15, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-Announces-August-2022-Production/default.aspx
TORONTO, Sept. 15, 2022 (GLOBE NEWSWIRE) --
GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 18,852 ounces of gold in August 2022, up from 17,377 ounces of gold in August last year. This brings the total gold production for the first eight months of 2022 to 139,952 ounces, up from 133,891 ounces in the first eight months last year. Segovia’s trailing 12-months’ total gold production at the end of August 2022 was 212,450 ounces, up about 3% over 2021. The Company remains on track to meet its annual production guidance for 2022 of between 210,000 and 225,000 ounces of gold.
Benefitting from the completion of the expansion of capacity at its Maria Dama processing plant at Segovia in August 2022, GCM Mining processed a total of 57,073 tonnes in the month, representing a daily processing rate of 1,841 tpd, compared with 50,245 tonnes and 1,621 tpd in August 2021. Segovia’s head grades averaged 11.3 g/t in August 2022 compared with 12.0 g/t in August last year. For the first eight months of 2022, a total of 401,394 tonnes (equivalent to 1,652 tpd) were processed at Segovia at an average head grade of 12.0 g/t compared with a total of 365,805 tonnes (equivalent to 1,505 tpd) at an average head grade of 12.7 g/t in the first eight months last year. Production activities in the Company’s mines and in the small-scale mines in its Segovia mining title in July and August were impacted by a temporary shortage in the supply of detonators for explosives. The situation is beginning to normalize and this should benefit production through the balance of the year.
The Company also processed an average of 107 tpd of tailings in August 2022 at its polymetallic plant at Segovia resulting in the production of approximately 133 tonnes of zinc concentrate and approximately 106 tonnes of lead concentrate. Payable production from the concentrates in August 2022 is estimated to total approximately 124,000 pounds of zinc, 137,000 pounds of lead, 9,900 ounces of silver and 128 ounces of gold. Actual payable quantities are subject to change and will be finalized once the concentrates are shipped. To date, the Company has produced a total of approximately 926 tonnes of lead concentrate and 1,071 tonnes of zinc concentrate which have been stockpiled. Transportation of the first concentrates to port has commenced this week and the first shipment to the international offtake customer is expected to take place before the end of September.
About GCM Mining Corp.
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada - Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at
http://www.gcm-mining.com
and by reviewing its profile on SEDAR at www.sedar.com.
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-Announces-August-2022-Production/default.aspx
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to its production and production guidance and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2022 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@gcm-mining.com
Primary Logo
Source: GCM Mining Corp.
View All News
https://www.gcm-mining.com/news-and-investors/press-releases/default.aspx
https://www.gcm-mining.com
God Bless
NYBob
2 years ago
||| GCM Mining to Combine with Aris Gold |||
https://www.gcm-mining.com/overview/default.aspx
GCM Mining Announces August 2022 Production
September 15, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-Announces-August-2022-Production/default.aspx
TORONTO, Sept. 15, 2022 (GLOBE NEWSWIRE) --
GCM Mining Corp. (“GCM Mining” or the “Company”) (TSX: GCM, OTCQX: TPRFF) announced today that its Segovia Operations produced 18,852 ounces of gold in August 2022, up from 17,377 ounces of gold in August last year. This brings the total gold production for the first eight months of 2022 to 139,952 ounces, up from 133,891 ounces in the first eight months last year. Segovia’s trailing 12-months’ total gold production at the end of August 2022 was 212,450 ounces, up about 3% over 2021. The Company remains on track to meet its annual production guidance for 2022 of between 210,000 and 225,000 ounces of gold.
Benefitting from the completion of the expansion of capacity at its Maria Dama processing plant at Segovia in August 2022, GCM Mining processed a total of 57,073 tonnes in the month, representing a daily processing rate of 1,841 tpd, compared with 50,245 tonnes and 1,621 tpd in August 2021. Segovia’s head grades averaged 11.3 g/t in August 2022 compared with 12.0 g/t in August last year. For the first eight months of 2022, a total of 401,394 tonnes (equivalent to 1,652 tpd) were processed at Segovia at an average head grade of 12.0 g/t compared with a total of 365,805 tonnes (equivalent to 1,505 tpd) at an average head grade of 12.7 g/t in the first eight months last year. Production activities in the Company’s mines and in the small-scale mines in its Segovia mining title in July and August were impacted by a temporary shortage in the supply of detonators for explosives. The situation is beginning to normalize and this should benefit production through the balance of the year.
The Company also processed an average of 107 tpd of tailings in August 2022 at its polymetallic plant at Segovia resulting in the production of approximately 133 tonnes of zinc concentrate and approximately 106 tonnes of lead concentrate. Payable production from the concentrates in August 2022 is estimated to total approximately 124,000 pounds of zinc, 137,000 pounds of lead, 9,900 ounces of silver and 128 ounces of gold. Actual payable quantities are subject to change and will be finalized once the concentrates are shipped. To date, the Company has produced a total of approximately 926 tonnes of lead concentrate and 1,071 tonnes of zinc concentrate which have been stockpiled. Transportation of the first concentrates to port has commenced this week and the first shipment to the international offtake customer is expected to take place before the end of September.
About GCM Mining Corp.
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada - Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found on its website at
http://www.gcm-mining.com
and by reviewing its profile on SEDAR at www.sedar.com.
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-Announces-August-2022-Production/default.aspx
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to its production and production guidance and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of GCM Mining to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2022 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and GCM Mining disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@gcm-mining.com
Primary Logo
Source: GCM Mining Corp.
View All News
https://www.gcm-mining.com/news-and-investors/press-releases/default.aspx
https://www.gcm-mining.com
God Bless
NYBob
2 years ago
GCM Mining to Combine with Aris Gold |||
Learn More
https://www.gcm-mining.com/overview/default.aspx
GCM Mining and Aris Gold File Joint Circular for Special Meetings of
Shareholders to Approve Business Combination
August 18, 2022
https://www.gcm-mining.com/news-and-investors/press-releases/press-releases-details/2022/GCM-Mining-and-Aris-Gold-File-Joint-Circular-for-Special-Meetings-of-Shareholders-to-Approve-Business-Combination/default.aspx
TORONTO and VANCOUVER, British Columbia, Aug. 18, 2022 (GLOBE NEWSWIRE) -- GCM Mining Corp. (GCM Mining) (TSX: GCM; OTCQX: TPRFF) and Aris Gold Corporation (Aris Gold) (TSX: ARIS; OTCQX: ALLXF) announce they have filed the joint management information circular and related meeting materials in connection with their respective special meetings of shareholders to be held on September 19, 2022. The purpose of the meetings is to approve the proposed business combination of GCM Mining and Aris Gold announced on July 25, 2022. The combined entity will continue under the name Aris Mining Corporation and will be a gold producer with increased scale, increased diversification of operating and project development risk, have an improved capital markets profile, and reduced overhead costs.
Pursuant to the transaction, Aris Gold shareholders will receive 0.5 of one GCM Mining share for each Aris Gold share held. At closing, based on the respective share values at the date of announcement of the transaction, GCM Mining and Aris Gold shareholders (excluding the 44% of Aris Gold shares held by GCM Mining) will own approximately 74% and 26% of the combined entity, respectively, on a diluted in-the-money basis.
The Board of Directors of GCM Mining and the Board of Directors of Aris Gold have unanimously approved the transaction and recommend that shareholders vote in favour of the transaction at their respective meetings.
On August 16, 2022, Aris Gold obtained an interim order from the Supreme Court of British Columbia authorizing the holding of the Aris Gold special meeting of its shareholders and matters relating to the conduct of the Aris Gold Meeting. Mailing of the joint management information circular and related meeting materials will begin soon and shareholders of both GCM Mining and Aris Gold should receive them shortly. All of the meeting materials are available on GCM Mining’s website at http://www.gcm-mining.com
and on Aris Gold’s website at
http://www.arisgold.com ,
as well as on each company’s profile on SEDAR at www.sedar.com. GCM Mining and Aris Gold shareholders should carefully review all of the meeting materials as they contain important information concerning the transaction and the rights and entitlements of the shareholders thereunder.
Completion of the transaction is subject to customary conditions, including GCM Mining shareholder approval, Aris Gold shareholder approval, final approval from the Toronto Stock Exchange, and other regulatory approvals. The transaction is expected to close before the end of September 2022.
About GCM Mining
GCM Mining is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is the leading high-grade underground gold and silver producer with several mines in operation at its Segovia Operations. Segovia produced 206,389 ounces of gold in 2021. In Guyana, the Company is advancing its fully funded Toroparu Project, one of the largest undeveloped gold/copper projects in the Americas, which is expected to commence production of more than 200,000 ounces of gold annually in 2024. GCM Mining has equity interests in Aris Gold Corporation (~44%; TSX: ARIS; Colombia – Marmato, Soto Norte; Canada – Juby), Denarius Metals Corp. (~32%; TSX-V: DSLV; Spain – Lomero-Poyatos and Colombia – Guia Antigua, Zancudo) and Western Atlas Resources Inc. (~26%; TSX-V: WA: Nunavut – Meadowbank).
Additional information on GCM Mining can be found at www.gcm-mining.com and www.sedar.com.
About Aris Gold
Aris Gold is a Canadian mining company listed on the TSX under the symbol ARIS and on the OTCQX under the symbol ALLXF. The Company is led by an executive team with a demonstrated track record of creating value through building globally relevant gold mining companies. In Colombia, Aris Gold operates the 100%-owned Marmato mine, where a modernization and expansion program is under way, and as of April 12, 2022, operates the Soto Norte joint venture, where environmental licensing is advancing to develop a new gold mine. Aris Gold also owns the Juby project, an advanced exploration stage gold project in the Abitibi greenstone belt of Ontario, Canada. Aris Gold plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.
Additional information on Aris Gold can be found at www.arisgold.com and www.sedar.com.
Contact information
GCM Mining GCM Mining proxy solicitor
Mike Davies, Chief Financial Officer Morrow Sodali (Canada) Ltd.
+ 416.360.4653 toll-free North America 1-888-999-1787
investorrelations@gcm-mining.com collect outside North America 1-289-695-3075
assistance@morrowsodali.com
Aris Gold Aris Gold proxy solicitor
Tyron Breytenbach, SVP Capital Markets Laurel Hill Advisory Group
Meghan Brown, VP Investor Relations toll-free North America 1-877-452-7184
+ 778 899 0518 collect outside North America 1-416-304-0211
info@arisgold.com assistance@laurelhill.com
Forward-looking Information
This news release contains "forward-looking information" or "forward-looking statements" within the meaning of Canadian securities legislation. All statements included herein are forward-looking, other than statements of historical fact, including without limitation statements relating to: approval by the GCM Mining and Aris Gold shareholders; the satisfaction of the conditions precedent to the transaction, and timing, receipt and anticipated effects of court, regulatory and other consents and approvals. Generally, the forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", "will continue" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Statements concerning mineral resource estimates may also be deemed to constitute forward-looking information to the extent that they involve estimates of the mineralization that will be encountered. The material factors or assumptions used to develop forward-looking information or statements are disclosed throughout this news release.
Forward-looking information and forward-looking statements, while based on management's best estimates and assumptions, are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of GCM Mining, Aris Gold and the resulting entity to be materially different from those expressed or implied by such forward-looking information or forward-looking statement
Although GCM Mining and Aris Gold have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information or statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information or statements. The forward-looking statements and forward-looking information are made as of the date hereof and each of GCM Mining and Aris Gold disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements or forward-looking information contained herein to reflect future results. Accordingly, readers should not place undue reliance on forward-looking statements and information.
Source: GCM Mining Corp. and Aris Gold Corporation
Primary Logo
Source: GCM Mining Corp.
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NYBob
2 years ago
$Aris Gold Announces Encouraging Results From Its Initial Drill Program at
the Juby Gold Project In Ontario
Aris Gold (CNW Group/Aris Gold Corporation)
NEWS PROVIDED BY
Aris Gold Corporation
Dec 07, 2021, 17:00 ET
SHARE THIS ARTICLE
VANCOUVER, BC, Dec. 7, 2021 /PRNewswire/ -
Aris Gold Corporation (Aris Gold or the Company) (TSX: ARIS) (OTCQX:
ALLXF) announces the encouraging results of its initial 10,000 metre (m)
drill program at its Juby gold project in the Abitibi greenstone belt of
Ontario.
https://www.prnewswire.com/news-releases/aris-gold-announces-encouraging-results-from-its-initial-drill-program-at-the-juby-gold-project-in-ontario-301439601.html
(TPRFF) GCM Mining Corp.; DOLLAR DEMISE: THE END OF THE DOLLAR IS JUST ONE ANNOUNCEMENT AWAY
WATCH
https://www.bitchute.com/video/QFBR0FGbAzi2/
https://investorshub.advfn.com/Gcm-Mining-Corp-30138
TM Great Buy Red Cloud raises target to C$18 (from C$13.25) for
GCM (prev. name; Gran Colombia Gold Corp.
https://cdn-ceo-ca.s3.amazonaws.com/1gqhn3n-20211201-GCM-Update-2.pdf
https://investorshub.advfn.com/Gcm-Mining-Corp-30138
Summary
Gran Colombia Gold changed its name to GCM Mining.
The updated Toroparu PEA confirms the world-class potential of the
project.
Toroparu should reach an average annual production rate of 225,000 toz
gold, at an AISC of $916/toz, over the 24-year mine life.
At a gold price of $1,500/toz, the after-tax NPV(5%) equals $794 million.
GCM Mining remains one of the most undervalued gold miners.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166970641
$In GOD We Trust - Real Money - AU Safety 6000yrs )
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Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
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Ps.
opinion appreciated
A complete summary of the mineralized intersections from the 2021 drill program can be found on the Company's website at www.arisgold.com.
About the Juby Project
The Juby project is an advanced exploration stage project located 15 km west of the town of Gowganda in Ontario, Canada, 150 km by road south-southeast of Timmins and 115 km by road southwest of Kirkland Lake. Site access and infrastructure is excellent with a major highway, local roads, and logging roads providing easy access to site, a power transmission line passing through the property, and abundant water.
The property is located in the Shining Tree area of the southern Abitibi greenstone belt, within 70 km of IAMGOLD's Côté Gold project and Alamos Gold's Young-Davidson mine. The leases extend for 11 km east-west and 9.5 km north-south, covering an area of 5,288 hectares, following the Tyrrell Shear Zone, which hosts all of the known deposits at the project, including the Juby Main Zone (JMZ), Golden Lake Zone (GLZ), Big Dome Zone (BDZ), and Hydro-Creek LaCarte Zone (HCLZ). The JMZ and GLZ deposits are hosted within moderate to steeply dipping, strongly altered and mineralized Porcupine sedimentary rocks, and the BDZ and HCLZ deposits are hosted in moderate to steeply dipping sheared and folded mafic to ultramafic volcanic rocks, sedimentary rocks, and porphyritic dykes of the Kidd-Munro assemblage.
The project currently has 405 drillholes for a total of 116,570 metres in the drilling database. The mineral resources for the Juby Project, effective July 14, 2020, are given in the table below.
Juby Project Mineral Resources (effective July 14, 2020)
Area
Category
Tonnes (Mt)
Grade (g/t Au)
Contained gold (oz)
Juby Main Zone and Golden
Lake Zone
Indicated
20.2
1.12
728,000
Inferred
41.5
0.99
1,319,000
Hydro Creek-LaCarte Zone
and Big Dome Zone
Indicated
1.1
1.31
45,000
Inferred
5.6
0.93
169,000
Total
Indicated
21.3
1.13
773,000
Inferred
47.1
0.98
1,488,000
Notes:
(1)
Mineral resources are not mineral reserves and have no demonstrated economic viability.
(2)
The mineral resource estimate was prepared by Allan Armitage, Ph.D., P.Geo. of SGS Geological Services, and Joe Campbell, B.Sc., P.Geo., Alan Sexton, M.Sc., P.Geo., and Duncan Studd, M.Sc. P.Geo. of GeoVector Management Inc, who are Qualified Persons as defined by National Instrument 43-101. Mr. Armitage, Campbell, Sexton, and Studd have reviewed and verified the drilling, sampling, assaying, and QAQC protocols and results, and are of the opinion that the sample recovery, preparation, analyses, and security protocols used for the mineral resource estimate are reliable for that purpose.
(3)
Totals may not add up due to rounding.
(4)
Mineral resources are reported above an optimized pit shell with a cut-off grade of 0.4 g/t gold, based on a metal price of USD$1,450 per ounce of gold, and a metallurgical recovery of 90%.
(5)
There are no known legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources.
Qualified Persons and Technical Information
Mineral resources are as defined by the Canadian Institute of Mining, Metallurgy, and Petroleum's 2014 Definition Standards for Mineral Resources & Mineral Reserves. Mineral resources are not mineral reserves and have no demonstrated economic viability. There are no mineral reserves estimated at the property at this time. There are no known legal, political, environmental, or other risks that could materially affect the potential development of the mineral resources.
The mineral resource and geological information included in this news release is based on information included in the technical report entitled "Technical Report on the Updated Mineral Resource Estimate for the Juby Gold Project" dated October 5, 2020 with an effective date of July 14, 2020, and is available on the Company's website at www.arisgold.com and under the Company's SEDAR profile at www.sedar.com. The technical report was prepared by Allan Armitage, Ph.D., P.Geo. of SGS Geological Services, and Joe Campbell, B.Sc., P.Geo., Alan Sexton, M.Sc., P.Geo., and Duncan Studd, M.Sc. P.Geo. of GeoVector Management Inc, each of whom are independent of the Company within the meaning of NI 43-101 and are Qualified Persons as defined by National Instrument 43-101. Messrs. Armitage, Campbell, Sexton, and Studd have reviewed and verified the drilling, sampling, assaying, and QAQC protocols and results, and are of the opinion that the sample recovery, preparation, analyses, and security protocols used for the mineral resource estimate are reliable for that purpose.
All holes drilled during 2021 were NQ diameter diamond holes completed by RJLL Drilling of Rouyn-Noranda, Quebec. GeoVector provided geological and geotechnical logging services, and sample preparation and analyses were completed by ALS Global of Sudbury, Ontario. Drill core samples were cut in half with a diamond saw and one half of the core was placed in a sample bag with a sample tag. GeoVector inserted certified standard and blank samples every tenth sample for quality assurance / quality control (QAQC) purposes. No issues were noted in the QAQC results. The sample bags were zip tied shut and placed with other sample bags in larger bags and zip tied shut. The large bags were placed on a pallet and trucked to Manitoulin Transport of New Liskeard, Ontario, and from there to ALS Global of Sudbury, Ontario. At the laboratory the sample was crushed to 70% passing 2 mm and a 250 gram subsample was taken using a riffle splitter. The subsample was pulverized to 85% passing 75 microns. A 30 gram pulverized sub-sample was assayed for gold by fire assay with atomic absorption spectroscopy. Any sample with an assay greater than 10 g/t Au was re-assayed by fire assay with gravimetric finish on a 30 gram sample.
Pamela De Mark, P.Geo., Vice President Exploration of Aris Gold is a Qualified Person as defined by National Instrument 43-101, and has reviewed and verified the drilling, sampling, assaying, and QAQC protocols and results, and is of the opinion that the drilling, sampling, sample recovery, preparation, analyses, and security protocols for the drilling program are reliable. Ms. De Mark has reviewed and approved the technical information contained in this news release.
About Aris Gold
Aris Gold is a Canadian mining company listed on the TSX under the symbol ARIS and on the OTCQX under the symbol ALLXF. The Company is led by an executive team with a demonstrated track record of creating value through building globally relevant gold mining companies. Aris Gold operates the Marmato mine in Colombia, where a modernization and expansion program is under way, and the Juby project, an advanced exploration stage gold project in the Abitibi greenstone belt of Ontario, Canada. Aris Gold plans to pursue acquisition and other growth opportunities to unlock value creation from scale and diversification.
Additional information on Aris Gold can be found at www.arisgold.com and www.sedar.com.
Forward-looking Information
https://www.prnewswire.com/news-releases/aris-gold-announces-encouraging-results-from-its-initial-drill-program-at-the-juby-gold-project-in-ontario-301439601.html
NYBob
2 years ago
$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately
44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company
currently advancing a major expansion and modernization of its
underground mining operations at its
Marmato Project in Colombia.
ARIS GOLD ... extremely good resource update today ... nearly
8.5 million oz now only at Matmato and growing ....
+ Juby ARIS is sitting at about 10 million oz of gold ...
+start of construction of marmato Lower zone this months....
GCM own about 40% of ARIS ...
by kkkrrr
$Aris Gold Announces Plans to Start Marmato Lower Mine Construction and
Reports Increased Mineral Resource Estimate
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165759393
Gran Colombia Gold a gold producer listed TPRFF on the OTCOX and
the Toronto Stock Exchange with a proven track record
of mine building and operating in Latin America.
In Colombia, the Company is currently the largest underground gold and
silver producer with several mines in operation at its high-grade Segovia
Operations.
In Guyana, the Company is advancing the recently acquired Toroparu Project,
one of the largest undeveloped gold projects in the Americas.
The Company’s project pipeline also includes equity investments in several
listed issuers advancing minerals projects.
Learn More
https://www.grancolombiagold.com/overview/default.aspx
$Gran Colombia Gold Corp. (TPRFF)(GCM) Corporate Presentation - November 2021
https://grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx
DOWNLOAD PDF(OPENS IN NEW WINDOW)
The U.S. dollar 'as we know it' will be dead in 10 yrs, bitcoin price
to hit $2 million in 5 yrs
70,882 views Oct 20, 2021
Kitco NEWS
https://www.youtube.com/watch?v=LCM6YnCpdlE
$Gold price to double as Fed kicks off tightening and economy flatlines
15,513 viewsOct 21, 2021
https://www.youtube.com/watch?v=KLAJUHJpGkM
$Gran Colombia Declares Monthly Dividend to Be Paid on November 15,
2021; Renews Normal Course Issuer Bid for Its Common Shares
October 15, 2021
Download(opens in new window)
TORONTO, Oct. 15, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (“Gran Colombia” or the “Company”) (TSX:
GCM, OTCQX: TPRFF) announced today that its Board of Directors has
declared the next monthly dividend of CA$0.015 per common share will be
paid on November 15, 2021 to shareholders of record as of the close of
business on October 29, 2021.
Renewal of Normal Course Issuer Bid
Gran Colombia also announced today that it has filed with the Toronto Stock Exchange (the “TSX”), and the TSX has accepted, a notice of intention to make a normal course issuer bid (the “NCIB”) for its common shares trading under the symbol GCM (the “Shares”). The NCIB will allow the Company to purchase for cancellation up to 9,570,540 Shares of the Company over a 12-month period, representing 10% of the current issued and outstanding Shares in the public float as of October 6, 2021. As at October 6, 2021, the Company had a total of 98,485,775 Shares issued and outstanding.
The NCIB will commence on October 20, 2021 and terminate on October 19, 2022, or such earlier date on which purchases under the NCIB have been completed. Purchases of Shares under the NCIB will be made through the facilities of the TSX or other alternative Canadian trading systems at the market price of the Shares at the time of acquisition. The average daily trading volume of the Shares for the six months ended September 30, 2021 was 345,204 Shares. Daily purchases will be limited to 86,301 Shares, other than block purchase exceptions. Shares purchased under the NCIB will be cancelled. Pursuant to a previous notice of intention to conduct a normal course issuer bid, under which the Company sought and received approval from the TSX to purchase up to 5,934,811 Shares, the Company purchased 1,536,100 Shares for cancellation through the facilities of the TSX at a volume weighted average trading price of $5.93 per Share during the period from September 4, 2020 to September 3, 2021.
$Gran Colombia has entered into an automatic share purchase plan with
a broker in connection with the NCIB to allow for the purchase of
Shares during certain pre-determined blackout periods.
Outside of these pre-determined blackout periods, Shares will be
purchased at the discretion of senior management of Gran Colombia.
Gran Colombia believes that the Shares may from time to time trade in a price range that does not adequately reflect the value of the Shares in relation to its activities and future prospects. Accordingly, the Board of Directors of Gran Colombia has determined that the repurchase of Shares pursuant to the NCIB presently constitutes an appropriate use of financial resources and would be in the best interest of the Company’s shareholders.
About Gran Colombia Gold Corp.
Gran Colombia is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold projects in the Americas. Gran Colombia also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at
http://www.grancolombiagold.com
and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", ----
Accordingly, the reader is cautioned not to place undue reliance on
forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
https://grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Declares-Monthly-Dividend-to-Be-Paid-on-November-15-2021-Renews-Normal-Course-Issuer-Bid-for-Its-Common-Shares/default.aspx
$Gran Colombia Announces Third Quarter 2021 Production and Webcast
T.GCM
TORONTO, Oct. 13, 2021 (GLOBE NEWSWIRE) --
Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it produced a total of 17,213 ounces of gold at its Segovia Operations in September 2021 bringing the total gold production for the third quarter of 2021 to 49,848 ounces compared with 51,555 ounces from Segovia in the third quarter of 2020. The Company also produced 52,382 ounces of silver at Segovia in the third quarter of 2021, up from 47,560 ounces of silver in the third quarter last year. For the first nine months of 2021, Segovia’s gold and silver production totalled 151,104 ounces and 164,270 ounces, respectively, up from 146,278 ounces of gold and 134,820 ounces of silver in the first nine months of 2020.
Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting on the Company’s latest results, said, “We have maintained a steady pace of production in the third quarter of 2021, which included a planned four-day maintenance shutdown at the Maria Dama plant in July. With our trailing 12-months total gold production from Segovia at the end of the third quarter amounting to 201,187 ounces of gold, up 2% over 2020, we are confident we will meet our production guidance at Segovia for the full year of 200,000 to 220,000 ounces of gold.
We are on track to complete our expansion of the Maria Dama plant to
2,000 tonnes per day (“tpd”) in the fourth quarter of 2021 and our mine
and brownfield exploration programs are proceeding as planned.
In addition, commissioning of the new polymetallic plant at Segovia is nearing completion and we expect to have our first concentrate production in the fourth quarter of 2021.
At the end of September 2021, we had a cash position of approximately US$329 million, including the net proceeds of approximately US$268 million from the US$300 million offering of Senior Unsecured Notes due 2026 (“Notes”) completed in August that have been set aside to fund the Toroparu Project in Guyana.
The Gold Notes were fully redeemed in September using a portion of the net proceeds of the Notes. At the end of September 2021, in addition to the Notes, we had CA$18 million of Convertible Debentures outstanding.”
The Segovia Operations processed an average of 1,487 tpd in the third
quarter of 2021 with an average head grade of 12.6 g/t compared with
1,283 tpd at an average head grade of 15.1 g/t in the third quarter
last year.
For the first nine months of 2021, the Segovia Operations processed an
average of 1,513 tpd with an average head grade of 12.7 g/t compared
with 1,259 tpd at an average head grade of 14.7 g/t in the first nine
months last year.
Third Quarter 2021 Results Webcast
Gran Colombia announced today that it will release its results for the 2021 third quarter and first nine months of 2021 after market close on Thursday, November 11, 2021 and will host a conference call and webcast on Friday, November 12, 2021 at 9:00 a.m. Eastern Time to discuss the results.
Webcast and call-in details are as follows:
Live Event link: https://edge.media-server.com/mmc/p/wyypvtrs
Canada Toll / International: 1 (514) 841-2157
North America Toll Free: 1 (866) 215-5508
Colombia Toll Free: 01 800 9 156 924
Conference ID: 50241486
A replay of the webcast will be available at www.grancolombiagold.com from Friday, November 12, 2021 until Friday, December 10, 2021.
About Gran Colombia Gold Corp.
Gran Colombia is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold projects in the Americas. Gran Colombia also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at
http://www.grancolombiagold.com
and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information", which may include, but is not limited to, statements with respect to production, the repayments of its Gold Notes, payment of dividends and other anticipated business plans or strategies. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Gran Colombia to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's Annual Information Form dated as of March 31, 2021 which is available for view on SEDAR at www.sedar.com. Forward-looking statements contained herein are made as of the date of this press release and Gran Colombia disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
trunkmonk Note; Market Analysis » Just 72 Hours from Anarchy – Bill Holter
Just 72 Hours from Anarchy – Bill Holter
By Greg Hunter On October 12, 2021 In Market Analysis 4 Comments
By Greg Hunter’s USAWatchdog.com
https://usawatchdog.com/just-72-hours-from-anarchy-bill-holter/
Note; The Beginning Of The End" | Alasdair MacLeod
1,441 views Premiered 69 minutes ago
Liberty and Finance
61.5K subscribers
https://www.youtube.com/watch?v=BDjtMW8a9u0
Dollar Falls – Bo Polny By Greg Hunter On October 9, 2021 In Political Analysis 14 Comments
By Greg Hunter‘s USAWatchdog.com (Saturday Night Post)
https://usawatchdog.com/darkness-coming-dollar-falls-bo-polny/
Geo-political and financial analyst Bo Polny has long said “. . .
Nothing can stop these people aside from a Biblical intervention from
God.”
According to Polny’s Biblical cycle and timing charts, that’s exactly
what is likely going to happen by the end of the year.
It all centers around the value of the U.S. dollar.
Polny explains, “Bitcoin, years ago, was under a dollar.
Then it was a dollar.
Then it was ten bucks.
Then it was a hundred, and then it was a $1,000.
All they can do is keep bashing it with news and say how horrible it is.
Ultimately, the most horrible currency in the world is the U.S. dollar.
The U.S. dollar is the root of all evil.
$Gran Colombia Gold Corp. (TPRFF) October monthly presentation
https://s27.q4cdn.com/512972177/files/doc_presentations/2021/10/GCM-Corporate-Presentation-October-2021-Final.pdf
$Gran Colombia Announces Segovia Production for August 2021; Declares Monthly Dividend to Be Paid on October 15, 2021
T.GCM
TORONTO, Sept. 15, 2021 (GLOBE NEWSWIRE) -
$Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today
that it produced 17,377 ounces of gold and 17,915 ounces of silver at
Segovia in August 2021 bringing the total for the first eight months of
the year to 133,891 ounces of gold and 144,796 ounces of silver, up
from 129,082 ounces of gold and 118,570 ounces of silver at Segovia in
the first eight months of 2020.
Gran Colombia processed 50,245 tonnes in August at its Maria Dama plant,
representing a daily processing rate of 1,621 tonnes per day (“tpd”),
and head grades averaged 12.0 g/t in the month. This brings the daily
processing rate for the first eight months of 2021 to an average of
1,505 tpd with an average head grade of 12.7 g/t compared with 1,242
tpd at an average head grade of 14.7 g/t in the first eight months of
2020.
https://grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Announces-Segovia-Production-for-August-2021-Declares-Monthly-Dividend-to-Be-Paid-on-October-15-2021/default.aspx
Commissioning of the new polymetallic recovery plant at Segovia has commenced and the Company expects to begin producing concentrate including zinc, lead, gold and silver from its tailings in the fourth quarter of 2021.
With its trailing 12-months total gold production amounting to 201,170 ounces, Gran Colombia remains on track to produce between 200,000 and 220,000 ounces of gold in 2021 from its Segovia Operations.
Monthly Dividend Declaration
Gran Colombia also announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on October 15, 2021 to shareholders of record as of the close of business on September 30, 2021.
About Gran Colombia Gold Corp.
Gran Colombia is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold projects in the Americas. Gran Colombia also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165931235
$Gran Colombia Gold Corp. GCM/TSE > TA Close above CA$5.00 is very bullish!
Close above CA$5.00 is very bullish!
There was strong resistance in the CA$4.96 to CA$5.00 range.
The close above CA$5.00 is very bullish.
The stock has broken resistance and is breaking through the down trend
line on the log chart.
The MACD on the weekly chart is in a clear up trend.
This is one of the most bullish charts I see right now.
Combine that with the gross undervaluation, and this stock
is ready to take off.
by Alf Tanner
$trunkmonk thanks; Gold prices could double from here -
https://www.livewiremarkets.com/wires/gold-prices-could-double-from-here
$Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views - May 31, 2021
https://youtu.be/XyroIjmQi_I
$John Paulson on Why Gold Goes Parabolic
8,156 views Aug 30, 2021
https://www.youtube.com/watch?v=U7cYaoONWv0
$Mining Newsflash with Gran Colombia Gold and MAG Silver
Aug 19, 2021
Swiss Resource Capital AG
20.9K subscribers
https://www.youtube.com/watch?v=GGPcpvJNCek&t=3s
$Gran Colombia Announces Second Quarter and First Half 2021 Results
August 12, 2021
https://grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Announces-Second-Quarter-and-First-Half-2021-Results/default.aspx
TORONTO, Aug. 12, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today
the release of its unaudited interim condensed consolidated financial
statements and accompanying management’s discussion and analysis (MD&A)
for the three and six months ended June 30, 2021.
All financial figures contained herein are expressed in U.S. dollars
(“USD”) unless otherwise noted.
Second Quarter and First Half 2021 Highlights
Gran Colombia has completed a major step forward in its strategy to grow through diversification, completing the acquisition on June 4, 2021 of all the shares of Gold X Mining Corp (“Gold X”) it did not already own and then closing a $300 million offering on August 9, 2021 of 6.875% Senior Unsecured Notes due 2026 (the “2026 Notes”) to fund the development of the Toroparu Project in Guyana, to prepay the remaining $18.0 million balance of its Gold Notes and for general corporate purposes. The Company is nearing completion of an updated preliminary economic assessment (“PEA”) for the Toroparu Project incorporating the recently announced high-grade results from the 2020-2021 drilling program undertaken by Gold X.
The Company added a 27% equity interest in Denarius Silver Corp. (“Denarius”) to its portfolio in the first half of 2021, giving it exposure to the Lomero-Poyatos polymetallic deposit located in Spain, in close proximity to the Matsa JV project in the Iberian Pyrite Belt, and to the Guia Antigua and Zancudo Projects in Colombia.
In February 2021, Gran Colombia also successfully brought its spin out of the Marmato Mining Assets to a conclusion, one in which the Company has a continuing equity ownership of 44% in Aris Gold Corporation (“Aris”). The Marmato operating and financial results are only consolidated up to February 4, 2021 and thereafter the Company equity accounts for its investment in Aris.
Gran Colombia published its inaugural sustainability report in June 2021. The report reflects a focused effort on measuring and disclosing the Company’s Environmental, Social and Governance (“ESG”) priorities and performance moving forward. The Company remains committed to the health and safety of its employees, and through COMFAMA Colombia, was the first mining company in Antioquia to secure vaccines for employees and their families. Gran Colombia has purchased 8,000 vaccines (16,000 doses), created educational vaccine campaigns, and has administered over 5,000 first doses with second doses beginning mid-August.
Gran Colombia’s gold production from its Segovia Operations totaled 52,198 ounces in the second quarter of 2021 compared with 44,377 ounces in the second quarter of 2020. Total gold production from Segovia for the first half of 2021 amounted to 101,256 ounces compared with 94,723 ounces in the first half last year. In July 2021, Segovia’s gold production, which reflected the impact of a planned four-day maintenance shutdown at the plant, was 15,258 ounces. This brings the Company’s trailing 12-months total gold production from its Segovia Operations at the end of July 2021 to 201,688 ounces, up 3% over 2020. The Company remains on track with its annual production guidance of 200,000 to 220,000 ounces of gold from Segovia in 2021. Including Marmato production up to February 4, 2021, consolidated gold production for the first half of 2021 was 103,684 ounces compared with 104,475 ounces in the first half last year.
Consolidated revenue amounted to $96.4 million and $198.3 million in the second quarter and first half of 2021, respectively, up from $77.1 million and $178.1 million in the second quarter and first half, respectively, of 2020. The year-over-year increase in revenue largely reflects an increase in the Company’s realized gold price (1) which averaged $1,805 per ounce sold in the first half of 2021 compared with an average of $1,622 per ounce sold in the first half last year.
At the Segovia Operations, total cash costs(1) averaged $767 per ounce in the second quarter of 2021, compared with $654 per ounce in the second quarter of 2020, bringing the average for the first half of 2021 to $796 per ounce compared with $625 per ounce in the first half last year. The year-over-year increase in Segovia’s total cash cost per ounce in the second quarter and first half of 2021 reflects (i) an increase in contractor and artisanal mining payment rates (which had not changed since 2017) implemented in the third quarter of 2020 in response to the current gold market conditions, (ii) higher spot gold prices which increased production taxes on a per ounce basis and (iii) additional costs to maintain the necessary COVID-19 protocols required to protect the health and safety of Segovia’s workers and the local communities. Including Marmato, consolidated total cash costs were $816 per ounce in the first half of 2021 compared with $686 per ounce in the first half last year.
All-in sustaining costs (“AISC”) (1) per ounce sold for the Segovia Operations were $1,101 and $1,110 in the second quarter and first half, respectively, of 2021 compared with $965 and $890 in the second quarter and first half, respectively, of 2020. The year-over-year increase in Segovia’s AISC in 2021 reflects (i) the increased total cash costs as described above and (ii) an increase in mine development and other sustaining capital expenditures. Sustaining capital expenditures at Segovia amounted to $19.9 million in the first half of 2021, up from $13.0 million in the first half last year which reflected a slowdown in activity in the second quarter of 2020 during the early stages of the COVID-19 national quarantine in Colombia that delayed many of the Company’s initiatives until later in 2020. Including Marmato, consolidated AISC in the first half of 2021 was $1,133 per ounce compared with $954 per ounce in the first half last year.
Adjusted EBITDA (1) amounted to $48.0 million for the second quarter of 2021 compared with $37.6 million in the second quarter last year. This brings the total adjusted EBITDA for the first half of 2021 to $94.3 million, up from $88.0 million in the first half of 2020. The Company’s trailing 12-months adjusted EBITDA at the end of June 2021 stood at $194.1 million compared with $187.8 million in 2020.
Net cash provided by operating activities in the second quarter of 2021 was $12.8 million compared with $7.0 million in the second quarter last year. Operating cash flow in the second quarter each year typically bears the heaviest impact of income tax payments in Colombia which amounted to $49.3 million in the second quarter of 2021, up from $35.3 million in the second quarter last year. For the first half of 2021, net cash provided by operating activities amounted to $26.4 million compared with $38.9 million in the first half last year reflecting the increased level of income tax payments in 2021 and $8.8 million of change of control payments made by Aris related to the Aris Transaction.
Free Cash Flow (1) in the second quarter of 2021, which reflected the increased levels of sustaining capital expenditures and income tax payments this year, was negative $3.0 million compared with negative $3.8 million in the second quarter of 2020. Free Cash Flow for the first half of 2021 was negative $0.5 million compared with $14.1 million in the first half of 2020. The Company’s Free Cash Flow, adjusted to exclude Aris, in the first half of 2021 was $11.8 million compared with $20.1 million in the first half last year, reflecting an increased level of income tax payments and capital expenditures at Segovia in the first half of 2021 compared with the first half last year.
The Company’s balance sheet continued to reflect solid liquidity with total cash of $57.8 million and working capital of $59.3 million at the end of June 2021.
The Company returned a total of $7.6 million to shareholders in the first half of 2021 with payment of its monthly dividends totaling $4.4 million and the repurchase of 702,000 shares at a cost of $3.2 million.
Income from operations in the second quarter of 2021 was $39.6 million, up from $30.4 million in the second quarter last year largely on the strength of higher realized gold prices and higher production volume offset partially by the increase in Segovia’s total cash cost per ounce compared with the second quarter last year. Income from operations in the first half of 2021 amounted to $78.7 million compared with $71.3 million in the first half of 2020 despite including five fewer months of operating results from Marmato due to the loss of control of Aris at the beginning of February 2021. In the first half of 2021, the increase in realized gold prices together with lower G&A and share-based compensation expense more than mitigated the impact of Segovia’s higher cash costs per ounce on income from operations.
The Company reported net income of $29.8 million ($0.41 per share) in the second quarter of 2021 compared with a net loss of $18.6 million ($0.27 per share) in the second quarter of 2020, reflecting the $9.2 million improvement in income from operations as noted above and a gain on financial instruments of $1.5 million in the second quarter of 2021 compared with a loss on financial instruments of $35.4 million in the second quarter of 2020. For the first half of 2021, net income amounted to $148.1 million ($2.31 per share) compared with $5.7 million ($0.13 per share) in the first half last year. Net income in the first half of 2021 reflected the $7.4 million improvement in income from operations as noted above and also benefitted from the $56.9 million gain on loss of control of Aris, the $44.3 million gain on financial instruments (compared with a $18.9 million loss on financial instruments in the first half last year) and the $8.9 million gain on sale of the Zancudo Project. Net income in the first half of 2021 included Aris Transaction costs of $9.8 million while net income in the first half of 2020 included Bluenose RTO Transaction costs of $16.7 million.
Adjusted net income (1) for the second quarter of 2021 was $23.6 million ($0.33 per share) compared with $17.5 million ($0.29 per share) in the second quarter last year. For the first half of 2021, adjusted net income improved to $45.5 million ($0.69 per share) from $38.7 million ($0.66 per share) in the first half last year. The year-over-year improvement in adjusted net income in the second quarter and first half of 2021 largely reflects the factors noted above regarding income from operations partially offset by an increase in income tax expense.
The Company’s ongoing drilling program at Segovia continues to provide encouraging results as announced in press releases dated June 9, 2021 and July 12, 2021. Gran Colombia is carrying out 60,000 meters of drilling at Segovia in 2021 with 40,000 meters dedicated to the ongoing in-mine and near-mine drill program at its four operating mines and the other 20,000 meters is aimed at testing its highest priority brownfield targets on the 24 known veins in its mining title that it is not currently mining.
https://grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Announces-Second-Quarter-and-First-Half-2021-Results/default.aspx
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165446542
This news release contains "forward-looking information",----Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
$Gold Price vs Stock Market – 100 Year Chart
$Gold Price vs Stock Market – 20 Year Chart
$Gold Price vs Stock Market – 10 Year Chart
$Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
https://youtu.be/XyroIjmQi_I
Palisades Gold Radio
70.2K subscribers
Tom welcomes mining legend Pierre Lassonde to the show. Pierre is the Co-
Founder of Franco Nevada and Formerly President of Newmont Mining.
https://www.youtube.com/watch?v=XyroIjmQi_I
$trunkmonk thanks; Aris Gold Announces 10,000 Metre Drill Program At Juby Project, Ontario, Canada
Aris Gold Corp this morning announced that it has begun
planning for a drill program on its Juby Project within
the Abitibi greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.
https://thedeepdive.ca/aris-gold-announces-10000-metre-drill-program-at-juby-project/
Aris Gold Corp (TSX: ARIS) this morning announced that it has begun
planning for a drill program on its Juby Project within the Abitibi
greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.
The initial drill program is set to begin in the third quarter of 2021,
with the program targeting an extension between the Big Dome and Golden
Lake deposits, while also testing known high grade mineralized zones.
Currently, the project contains a 10 kilometre long strike which
follows the Tyrrell Shear Zone.
Presently, the 14,000 acre Juby property contains a mineral resource
estimate of 773,000 ounces of indicated gold within 21.3 million tonnes
based on an open pit model.
A further 1,488,000 ounces of inferred resource is contain within the
model, within 47.1 million tonnes. The estimate is based on a 0.4 g/t
cut-off, and was established via 105,861 metres of drilling within 379
holes.
Active exploration has not occurred on the property since 2018.
Aris Gold last traded at $2.30 on the TSX.
$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately
44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company
currently advancing a major expansion and modernization of its
underground mining operations at its
Marmato Project in Colombia.
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
NYBob
3 years ago
Look At What India’s Central Bank Just Said About Gold, Plus This Is
Why A Massive 5-10X Gold Revaluation Is Coming
bAugust 12, 2021
https://kingworldnews.com/look-at-what-indias-central-bank-just-said-about-gold-plus-this-is-why-a-massive-5-10x-gold-revaluation-is-coming/
$Gran Colombia Gold Corp. (TPRFF) Committed to Responsible Mining;
https://www.youtube.com/watch?v=C3uTYwk2qow&t=40s
$IMO buckle up buttercup, gold should explode higher any day now.
first it has to reset to 1820 area, and hold, then its go time.
then again, maybe not, all so complicated.
by trunkmonk thanks )
https://www.youtube.com/watch?v=L5hh1HKQP7Y&t=584s
Had missed this, 3 weeks ago Commodity TV interview, it is very good. Talks getting extra $8 million from tailings with new setup.
EDIT: Was half way thru, now 90% He talks valuation a lot.
Says they have $300 million of stock in other public companies and
$200 million EBITDA a year, that their valuation is ridiculous.
He owns 5% of it.
Current mkt cap is $365 million and effective production is set to go
way up with ARIS 6 months from mine build.
That is not counting Denarius, new Gold X acquisition, and there are
two more.
So even though someone could with quick look think they have 3 years
left if you take ARIS at 44% of 6 million oz = 2.64 million oz or
13 years more GCM share,
then Toroparu at 10 million oz 100% = 50 years, so 63 years
in addition to Segovia.
Segovia is 150 years of continuous operations, Serafino has said his
grandchildren will be mining Segovia after he is gone.
Lets just call it REAL mine life at Segovia of 30 years = 103 years
of gold left at current rate.
So is mine life a weakness or a strength for Gran Colombia?
by geodan thanks )
Artisanal Small-Scale Mining
https://youtu.be/Jd7wtTQ0dBU
https://youtu.be/qLJVMFh72e4
$Gran Colombia Gold: Upgrading Very Profitable Operation and Developing World Class Asset
983 viewsJul 8, 2021
https://www.youtube.com/watch?v=L5hh1HKQP7Y
Swiss Resource Capital AG
20.8K subscribers
Interview with Executive Chairman Serafino Iacono. Gran Colombia Gold operates Segovia, one of the five highest grade underground mines in the world. The company is conducting a 60,000m drill program there to further increase production. Gran Colombia is also developing the recently acquired Toroparu project in Guyana, which is expected to be brought into production quickly. Thus, total gold production is expected to more than double in the next few years.
TSX:GCM
Frankfurt:6KLD
WKN:A2DQSF
http://www.grancolombiagold.com
$Gran Colombia Announces Second Quarter 2021 Production and Webcast;
Provides Details of Forthcoming Repayment of Its Gold Notes;
Declares Monthly Dividend to be Paid on August 16, 2021
July 15, 2021
https://www.grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Announces-Second-Quarter-2021-Production-and-Webcast-Provides-Details-of-Forthcoming-Repayment-of-Its-Gold-Notes-Declares-Monthly-Dividend-to-be-Paid-on-August-16-2021/default.aspx
TORONTO, July 15, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today
that it produced a total of 16,789 ounces of gold at its
Segovia Operations in June 2021 bringing the total gold production for
the second quarter of 2021 to 52,198 ounces compared with 44,377 ounces
from Segovia in the second quarter of 2020.
The Company also produced 54,573 ounces of silver at Segovia in the
second quarter of 2021, up from 41,342 ounces of silver in the second
quarter last year.
For the first half of 2021, Segovia’s gold and silver production
totalled 101,256 ounces and 111,888 ounces, respectively,
up from 94,723 ounces of gold and 87,260 ounces of silver
in the first half of 2020.
Lombardo Paredes, Chief Executive Officer of Gran Colombia, commenting
on the Company’s latest results, said, “We have continued to gain
momentum in the second quarter of 2021.
With our trailing 12-months total gold production from Segovia at the
end of the second quarter amounting to 202,895 ounces, up 3% over 2020,
we remain on track to meet our production guidance at Segovia for the
full year of 200,000 to 220,000 ounces of gold.
The expansion of Maria Dama to 2,000 tpd is proceeding well and
commissioning of the new polymetallic plant at Segovia will commence in
the third quarter.
Our use of cash is typically higher in the second quarter each year as
we complete the required payments of income tax instalments in
Colombia.
In May 2021, we also used $10.4 million of cash to complete an early
optional redemption of our Gold Notes ahead of schedule.
At the end of June 2021, we had a cash position of approximately
US$57 million and the aggregate principal amounts of our Gold Notes and
Convertible Debentures outstanding were reduced to US$19.75 million and
CA$18 million, respectively.
We are very pleased with our progress through the first half of 2021,
including the successful completion of our acquisition of
the Toroparu Project in Guyana and the recently announced high-grade
drilling results from our ongoing exploration programs at Segovia.”
The Segovia Operations processed an average of 1,581 tonnes per day
(“tpd”) in the second quarter of 2021 with an average head grade of
12.6 g/t compared with 1,211 tpd at
an average head grade of 13.9 g/t in the second quarter last year.
It should be noted that the second quarter 2020 production was affected
in the first half of April 2020 by the early stages of adapting
Segovia’s operations to the pandemic.
For the first half of 2021, the Segovia Operations processed an average
of 1,526 tpd with an average head grade of 12.7 g/t compared with 1,247
tpd at an average head grade of 14.4 g/t in the first half last year.
Second Quarter 2021 Results Webcast
Gran Colombia announced today that it will release its 2021 second
quarter and first half results after market close on Thursday,
August 12, 2021 and will host a conference call and
webcast on Friday, August 13, 2021 at 9:00 a.m. Eastern Time to discuss
the results.
Webcast and call-in details are as follows:
Live Event link: https://edge.media-server.com/mmc/p/8pi4h8ou
Canada Toll / International: 1 (514) 841-2157
North America Toll Free: 1 (866) 215-5508
Colombia Toll Free: 01 800 9 156 924
Conference ID: 50186481
A replay of the webcast will be available at www.grancolombiagold.com from Friday, August 13, 2021 until Friday, September 10, 2021.
Quarterly Amortizing Payment of Gold Notes on August 3, 2021
Gran Colombia announced today the details for the forthcoming quarterly repayment of its 8.25% Senior Secured Gold-Linked Notes due 2024 (the “Gold Notes”) (TSX: GCM.NT.U) as follows:
Payment date: August 3, 2021
Record date: July 26, 2021
Cash payment amount: Approximately US$0.12881677 per US$1.00 principal amount of Gold Notes issued and outstanding on the Record date representing an amortization payment of the principal amount of approximately US$0.08829114 per US$1.00 principal amount of Gold Notes and a gold premium of approximately US$0.04052563 per US$1.00 principal amount of Gold Notes. Based on the London P.M. Fix on July 15, 2021 of US$1,823.75 per ounce, the aggregate amount of the cash payments on the Payment Date will be US$2,544,131, of which US$1,743,750 will be applied to reduce the aggregate principal amount of the Gold Notes issued and outstanding and the balance represents the Gold Premium.
Principal amount issued
and outstanding: As of today’s date, there is a total of US$19,750,000 principal amount of Gold Notes issued and outstanding. After this quarterly repayment, the aggregate principal amount of the Gold Notes as of August 3, 2021 will be reduced to US$18,006,250.
Monthly Dividend Declaration
Gran Colombia also announced today that its Board of Directors has declared the next monthly dividend of CA$0.015 per common share will be paid on August 16, 2021 to shareholders of record as of the close of business on July 30, 2021.
About Gran Colombia Gold Corp.
Gran Colombia is a mid-tier gold producer with a proven track record of mine building and operating in Latin America. In Colombia, the Company is currently the largest underground gold and silver producer with several mines in operation at its high-grade Segovia Operations. In Guyana, the Company is advancing the Toroparu Project, one of the largest undeveloped gold projects in the Americas. Gran Colombia also owns an approximately 44% equity interest in Aris Gold Corporation (TSX: ARIS) (Colombia – Marmato), an approximately 27% equity interest in Denarius Silver Corp. (TSX-V: DSLV) (Spain – Lomero-Poyatos; Colombia – Guia Antigua and Zancudo) and an approximately 26% equity interest in Western Atlas Resources Inc. (TSX-V: WA) (Nunavut – Meadowbank).
Additional information on Gran Colombia can be found on its website at www.grancolombiagold.com and by reviewing its profile on SEDAR at www.sedar.com.
Cautionary Statement on Forward-Looking Information:
This news release contains "forward-looking information",----Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.
For Further Information, Contact:
Mike Davies
Chief Financial Officer
(416) 360-4653
investorrelations@grancolombiagold.com
$Gold Price vs Stock Market – 100 Year Chart
$Gold Price vs Stock Market – 20 Year Chart
$Gold Price vs Stock Market – 10 Year Chart
$Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
https://youtu.be/XyroIjmQi_I
Palisades Gold Radio
70.2K subscribers
Tom welcomes mining legend Pierre Lassonde to the show. Pierre is the Co-
Founder of Franco Nevada and Formerly President of Newmont Mining.
https://www.youtube.com/watch?v=XyroIjmQi_I
$trunkmonk thanks; Aris Gold Announces 10,000 Metre Drill Program At Juby Project, Ontario, Canada
Aris Gold Corp this morning announced that it has begun
planning for a drill program on its Juby Project within
the Abitibi greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.
https://thedeepdive.ca/aris-gold-announces-10000-metre-drill-program-at-juby-project/
Aris Gold Corp (TSX: ARIS) this morning announced that it has begun
planning for a drill program on its Juby Project within the Abitibi
greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.
The initial drill program is set to begin in the third quarter of 2021,
with the program targeting an extension between the Big Dome and Golden
Lake deposits, while also testing known high grade mineralized zones.
Currently, the project contains a 10 kilometre long strike which
follows the Tyrrell Shear Zone.
Presently, the 14,000 acre Juby property contains a mineral resource
estimate of 773,000 ounces of indicated gold within 21.3 million tonnes
based on an open pit model.
A further 1,488,000 ounces of inferred resource is contain within the
model, within 47.1 million tonnes. The estimate is based on a 0.4 g/t
cut-off, and was established via 105,861 metres of drilling within 379
holes.
Active exploration has not occurred on the property since 2018.
Aris Gold last traded at $2.30 on the TSX.
$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately
44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company
currently advancing a major expansion and modernization of its
underground mining operations at its
Marmato Project in Colombia.
In GOD We Trust - Real Money -
https://www.kitco.com/images/live/silver.gif?0.8344882022363285
http://www.kitconet.com/images/live/au0001wb.gif
Gold & Silver is the only REAL Legal Tender -
by The Founding Fathers for your -
Rights, Liberty and Freedom -
http://www.biblebelievers.org.au/monie.htm
God Bless America
Ps.
opinion appreciated
TIA
NYBob
3 years ago
$HOF thanks; Gran Colombia Gold Announces the Discovery of Two Additional High-
Grade Veins at Its El Silencio Mine at Its Segovia Operations
July 12, 2021
https://www.grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Gold-Announces-the-Discovery-of-Two-Additional-High-Grade-Veins-at-Its-El-Silencio-Mine-at-Its-Segovia-Operations/default.aspx
TORONTO, July 12, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) announced today
high-grade intercepts from the first 59 diamond drill holes
totaling 10,229 meters of an in-fill drilling campaign that is being
carried out by the Company’s Mine Geology Department at
the El Silencio mine at its Segovia Operations.
This 23,000 meters drilling campaign, which commenced in 2020 and
will be completed this year, is focused on resource definition
within the underground mine developments of
the El Silencio mine and complements the previously
announced 60,000 meters drilling program being carried out in 2021
by the Company’s exploration team.
High-grade intercepts from two new veins recently discovered
by this in-fill drilling campaign at the El Silencio mine provide and
corroborate information of importance for the current and future
development of different sectors of this flagship mine.
$The best high-grade intercepts from these latest drill results at
the El Silencio mine include:
1040 Vein, new discovery:
137.44 g/t Au and 10.1 g/t Ag over 0.56 meters (ES-GM-U51-20);
1150 Vein, new discovery:
93.19 g/t Au and <0.3 g/t Ag over 0.54 meters (ES-GM-U59-20);
1180 Vein: 73.03 g/t Au and 32.0 g/t Ag over 0.30 meters (ES-GM-U49-20); and
Manto Vein: 44.49 g/t Au and 98.5 g/t Ag over 0.35 meters (ES-GM-U17-21).
https://www.grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Gold-Announces-the-Discovery-of-Two-Additional-High-Grade-Veins-at-Its-El-Silencio-Mine-at-Its-Segovia-Operations/default.aspx
$Latest Presentation
https://grancolombiagold.com/news-and-investors/events-and-presentations/presentations/default.aspx
$Golden cross forms in gold’s chart
Posted on July 8, 2021 by Opinion
MarketWatch/Mark DeCambre/7-6-2021
Gold Price
(Gold price, 50-day and 200-day moving averages)
Overlay chart showing the 50-day and 200-day averages crossing –
a TI bulliish indicator
$Gran Colombia Announces Results From the 2021 Drill Program at Its
Toroparu Project in Guyana; Confirms 4-Km Strike Length of Structurally
Controlled High-Grade Gold Mineralized Structures
July 6, 2021
TORONTO, July 06, 2021 (GLOBE NEWSWIRE) --
$Gran Colombia Gold Corp. (TSX: GCM, OTCQX: TPRFF) (“Gran Colombia”
or the “Company”) is pleased to announce results from the recently
completed Phase 2 diamond drill program at its 100%-owned
Toroparu Project in Western Guyana.
The 10,494 meters Phase 2 program was designed to confirm the
continuity of both the northwest oriented high-grade gold structures
and the cross cutting east-west high-grade structures that create a
repeatable pattern of intersecting zones amenable to underground mining
methods over the 4 kilometer strike length of the Toroparu Project1.
Serafino Iacono, Executive Chairman of Gran Colombia, commented,
“The discovery of the structural control of high-grade gold
mineralization at Toroparu has reaffirmed our confidence in the
npotential value of this project as one of our cornerstone assets.
The recently completed, two-phase diamond drill program comprised a
total of 20,750 meters in 114 drill holes and has confirmed
a 4-kilometer ("km") strike length of high-grade structurally
controlled gold mineralization at Toroparu.
In addition, the program identified a repeated pattern of intersections
of NW-SE and E-W oriented sub-vertical structures containing high-grade
zones extending over mineable widths up to 100 m vertically (“jewelry
boxes”)2 that support our belief that a high-grade resource amenable to
underground mining methods lies at the core of this very large,
disseminated gold deposit.
We are currently working with Nordmin to prepare an updated mineral
resource estimate and preliminary economic assessment (“PEA”)
incorporating the high-grade results from this latest drilling program.
We expect the PEA will be completed later this summer.”
Highlights
Assay results from the 2021 Phase 2 High-Grade Definition Drill Program
extend high-grade mineralization to the northwest of historical
drilling and confirm a 4-km overall strike length of Toroparu Deposit
Area (Figures 1 and 2).
Drill results identify several additional concentrations of high-grade
gold contained in intersecting NW-SE and E-W structures (“pipes”) that
occur in a repetitive pattern across the deposit (Figure 2).
These structural pipes exhibit continuity over 2 metre ("m") to 25 m
widths extending over 30 to 100 vertical metres and confirm the
potential for significant volumes of gold mineralization amenable to
underground mining methods exists along the 4 km Toroparu Deposit Area.
The high-grade mineralized pipes, ranging in grade from approximately
5 g/t gold ("Au") to greater than 20 g/t Au over potentially mineable
widths, are often surrounded by a lower grade (0.5 - 5.0 g/t Au) halo
of mineralized material. (Figure 5).
The high-grade gold grades intersected in structures range from
2.42 g/t Au to 101.7 g/t Au and have a length-weighted average grade of
6.7 g/t Au (uncut) over 113 m and 76 intervals highlighted in this
release (Table 1).
Since historical drilling has been limited to the upper 450 m of
vertical extension of the deposit, this remains open at depth across
the 4-km of strike length at depths that are relatively shallow for an
underground mine.
Results from the most northwest set of drill holes, which intersected
multiple high-grade intervals indicate that the high-grade structural
component of the deposit is still open along strike to the northwest.
Figure 1: 2020/2021 Drill Results
https://www.globenewswire.com/NewsRoom/AttachmentNg/cafe9a55-43f7-489c-ac04-00017211a672
2021 Phase 2 Drill Program - Drill Result Highlights (Figures 1 through 8)
Significant intercepts were encountered in 27 of the 42 holes drilled.
Highlights of best intercepts are presented in table below:
https://grancolombiagold.com/news-and-investors/press-releases/press-releases-details/2021/Gran-Colombia-Announces-Results-From-the-2021-Drill-Program-at-Its-Toroparu-Project-in-Guyana-Confirms-4-Km-Strike-Length-of-Structurally-Controlled-High-Grade-Gold-Mineralized-Structures/default.aspx
welcome to; Gran Colombia Gold: Largest Colombian Gold Producer with Growth Plans
Jun 25, 2021
Paul giving you a following mark )
TIA
$wiss Resource Capital AG
20.6K subscribers
Company presentation of currently the largest underground gold and
silver producer in Colombia, with several mines at its high-grade
operation in Segovia.
In Guyana, the company is advancing the recently acquired Toroparu
project, one of the largest undeveloped gold projects in the Americas.
Gran Colombia Gold pays a monthly dividend and has a stable shareholder
structure.
TSX:GCM
Frankfurt:6KLD
WKN:A2DQSF
http://www.grancolombiagold.com
https://www.youtube.com/watch?v=l-y1SzywNo8
$MRDALE thanks; WEBINAR June 23, 2021 Drilling Deeper: South America,
Presented by Red Cloud - CFO Mike Davies )
Webcast(opens in new window)
https://event.webinarjam.com/replay/530/34ll2trna61tmyi8x1w
https://grancolombiagold.com/overview/default.aspx
The Reset Has Begun ??Basel III: Gold Will Go Up
https://www.youtube.com/watch?v=AqzV759pQxg
$Gran Colombia Gold (GCM) - Dividend Paying Mid Tier
in the Making
5,516 views•Jun 13, 2021
Crux Investor
40.9K subscribers
$Interview with Serafino Iacono, Executive Chairman of Gran Colombia Gold
(TSX: GCM)
https://www.youtube.com/watch?v=aTPF8F1DYqg
$Videos
https://grancolombiagold.com/operations-and-projects/segovia-operations/videos/default.aspx
Our previous interview:
https://youtu.be/2WOb6TJ9D1k
Gran Colombia Gold is a Canadian-based mid-tier gold producer with its
primary focus in Colombia where it is currently
the largest underground gold and silver producer with several mines
in operation at its high-grade Segovia Operations.
Since we last spoke to Gran Colombia two years ago, they have been
busy in several areas.
$Gran Colombia is now producing gold and their guidance for this year
is 200-220,000 oz and they are well on track to meet that target.
The company has brought costs down and is now paying dividends at 3%
a year.
They have also managed to reduce their debt down from $90M to $19M and
by the end of the year they aim to have zero debt.
Gran Colombia owns approximately 44% of Aris Gold Corporation, a
Canadian mining company currently advancing a major expansion and
modernization of its underground mining operations at
its Marmato Gold Project in Colombia.
Gran Colombia took the Marmato mine and raised $300M to finance
the operation which is now in the hands of a management team.
This project is an investment for the company and will continue to
create value for the shareholders.
Gran Colombia’s project pipeline also includes an 100% equity
interest in Gold X Mining Corp.,
an approximately 36% equity interest in Denarius Silver Corp. and
an approximately 26% equity interest in Western Atlas Resources Inc.
Gran Colombia has come a long way in two years and has grown
considerably with the share price reaching highs of $8 per share.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164384814
https://themarketherald.ca/gran-colombia-completes-arrangement-with-gold-x-for-the-creation-of-a-new-mid-tier-latin-american-gold-producer-2021-06-04/?utm_source=stockhouse.com&utm_medium=widget&utm_campaign=stockhouse.com%7Cwebpart_news%7Cnews_tab
$Gold Price vs Stock Market – 100 Year Chart
$Gold Price vs Stock Market – 20 Year Chart
$Gold Price vs Stock Market – 10 Year Chart
$Pierre Lassonde: 1:1 Dow to Gold Ratio - $25,000 Gold Coming
22,126 views•May 31, 2021
https://youtu.be/XyroIjmQi_I
Palisades Gold Radio
70.2K subscribers
Tom welcomes mining legend Pierre Lassonde to the show. Pierre is the Co-
Founder of Franco Nevada and Formerly President of Newmont Mining.
https://www.youtube.com/watch?v=XyroIjmQi_I
$trunkmonk thanks; Aris Gold Announces 10,000 Metre Drill Program At Juby Project, Ontario, Canada
Aris Gold Corp this morning announced that it has begun
planning for a drill program on its Juby Project within
the Abitibi greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.
https://thedeepdive.ca/aris-gold-announces-10000-metre-drill-program-at-juby-project/
Aris Gold Corp (TSX: ARIS) this morning announced that it has begun
planning for a drill program on its Juby Project within the Abitibi
greenstone belt of Ontario.
The program is expected to consist of a total of 10,000 metres of
drilling.
The initial drill program is set to begin in the third quarter of 2021,
with the program targeting an extension between the Big Dome and Golden
Lake deposits, while also testing known high grade mineralized zones.
Currently, the project contains a 10 kilometre long strike which
follows the Tyrrell Shear Zone.
Presently, the 14,000 acre Juby property contains a mineral resource
estimate of 773,000 ounces of indicated gold within 21.3 million tonnes
based on an open pit model.
A further 1,488,000 ounces of inferred resource is contain within the
model, within 47.1 million tonnes. The estimate is based on a 0.4 g/t
cut-off, and was established via 105,861 metres of drilling within 379
holes.
Active exploration has not occurred on the property since 2018.
Aris Gold last traded at $2.30 on the TSX.
$Gran Colombia Gold (TPRFF)(GCM:TSE) also owns approximately
44% of Aris Gold Corporation (TSX: ARIS), a Canadian mining company
currently advancing a major expansion and modernization of its
underground mining operations at its
Marmato Project in Colombia.
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