A mudslide proved a blessing for Colombian Mines (CMJ-V) at its El Dovio polymetallic project in Colombia.
The mudslide occurred on a ridge above the Sabana Blanca adit, exposing bare rock that Colombian was quick to attack with its saws.
A channel sample from the area rewarded the company’s opportunism with an assay grading 10.42 grams gold, 20.7 grams silver, 2.34% copper and 2.23% zinc over 9 metres.
The severe slope, deep soil cover and limited outcrop exposure, however, mean that the channel sample had to cut mineralization at an oblique angle with 4 metres of true width.
Beyond the high grades, the results are important because they represent the updip extension of high-grade mineralization from the Sabana Blanca adit. Sabana released results in July highlighting 9.18 grams gold, 15.14 grams silver, 2.46% copper and 2.04% zinc over 21 metres.
The company has also performed extensive soil geochemistry at the project and says it has identified two semi-parallel gold and copper anomalies, each 1,000 metres long and 100 metres wide.
The first anomaly coincides with the Sabana Blanca zone mineralization and covers the entire extent of the known mineralization, pointing to the potential to expand Sabana through drill testing.
The second anomaly sits 200 metres up slope and coincides with a newly identified geologic contact between the marine volcanic rocks that host the Sabana Blanca mineralization and overlying marine sediments. Colombian says the sedimentary contacts favour the formation of bedded volcanogenic massive sulfide (VMS) deposits.
The solid results have Colombian more bullish on El Dovio than ever – and with extensive surface sample and mapping completed over the last year, it’s confident it has identified key targets for its upcoming drill program.
The drill program is projected for the second half of next year, once the company gets the required permits.
El Dovio saw $335,000 of the company’s exploration funds for the year, while its flagship project, Yarumalito, got $1.15 million. Yarumalito sits in the same central gold belt that hosts Medoro Resources‘ (MRS-V) Marmato project and AngloGold Ashanti‘s (AU-N) La Colosa project. The belt is defined by gold-porphyry systems.
In contrast, El Dovio lies directly to the west on a parallel belt known for VMS deposits.
On Nov. 25 – the day the news was released – the company’s shares were up 7%, or 2¢, to 33¢ on 37,000 shares traded.
Be the first to comment on "Mudslide helps Colombian Mines"