Colombian mines and the Pamilco Gold Project
Colombian mines has announced that the company has signed an agreement to acquire Pamlico Gold Project in Nevada.
Through the deal, Colombian Mines has the exclusive option to purchase an undivided 100% interest in the property at US$7million or for an “Early Exercise Option” of US$4million if exercised and paid within four years.
Located along the Walker Lane, which is one of Nevada’s largest and most productive gold trends
The Pamlico project is made up of 116 unpatented lode mining claims covering the historic Pamlico group of mines, as well as the surrounding Good Hope, Central, Gold Bar and Sunset mines.
Colombian Mines Corporation is an aggressive exploration and development company with production operations in Nevada, Colombia and Colorado.
Recognized as one of the most prospective, yet under-explored frontiers in the world, Colombia at one time had produced more than 35% of all of the gold produced in mankind’s history.
Colombian Mines Corporation has flagship projects in El Dovio and Mercedes, high grade gold-silver copper projects.
The El Dovio project high grade polymetallic gold-silver-copper-zinc mineralization in a belt of marine volcano-sedimentary rocks known to host other polymetallic and Volcanogenic Massive Sulfide (VMS) prospects and mines.
It is situated in the municipalities of El Dovio (Department of Valle del Cauca) and Sipi (Department of Choco) in the western range of the Colombian Andes
The Mercedes Property (Property) is located in the Department of Tolima, near the town of Natagaima.
It is a 4,995-hectare property, covers a volcanic hosted, intermediate sulfidation epithermal type system with outcropping high grade gold-silver-copper mineralization surface sampling results to 50 grams gold per metric tonne (g/T Au), 773 grams silver per metric tonne (g/T Ag) and 26.5% copper.