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GoldMining Completes Acquisition of Yarumalito Gold Project in Colombia

Mining News - Published on Wed, 11 Dec 2019

Image Source: GoldMining Inc Yarumalito Gold
GoldMining Inc announced that it has completed its indirect acquisition of the Yarumalito Gold Project located in Central Colombia. Yarumalito is located approximately 75 km southwest of the city of Medellin in the Department of Antioquia in Central Colombia and approximately 40 km south of GoldMining's La Mina Project. The Project is comprised of one concession for a total area of approximately 1,453 Ha. Nearby projects include Anglogold Ashanti Limited's advance-stage Nuevo Chaquiro copper-gold project and Gran Colombia Gold Corp.'s Marmato Gold Mine. The Project is accessible by paved road with nearby high-capacity power lines, water and labour.

The Project is largely underlain by volcano-sedimentary rocks of the Miocene Combia Formation and comagmatic intrusive bodies of intermediate composition. Gold-copper porphyry stockwork mineralization is spatially related to the intrusive bodies with younger, intermediate sulphidation epithermal veins cross-cutting the porphyry mineralization.

Highlights

Yarumalito acquisition further expands GoldMining's portfolio of gold-copper projects in the Mid Cauca Belt of central Colombia

The Mid Cauca Belt is host to several multi-million ounce gold deposits including Buritica, Titiribi and La Mina, Nuevo Chaquiro and Marmato

Yarumalito hosts both bulk-tonnage, gold-copper porphyry and high-grade, intermediate sulphidation epithermal mineralization

18,540 m of historic drilling (55 holes) completed on the Project

GoldMining has engaged an independent qualified person to verify historic exploration results and undertake a resource estimate, which will be documented in an updated technical report

Source :

Posted By : Yogender Pancholi on Wed, 11 Dec 2019
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