SYS-CON MEDIA Authors: Kevin Jackson, Pat Romanski, Elizabeth White, Yeshim Deniz, Glenn Rossman

News Feed Item

Colombian Mines Expands Drill Indicated Strike of Sabana Blanca Zone and Drills Bedded Sulfide Mineralization at El Dovio Project

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/30/14 -- (TSX VENTURE: CMJ)(FRANKFURT: X6C) - Colombian Mines Corporation ("Colombian Mines" or the "Company") is pleased to announce drilling in the Sabana Blanca zone at the Company's El Dovio project intersected mineralization 230 meters to the east along strike from the Sabana Blanca tunnel materially expanding the drill indicated strike length of the Sabana Blanca zone. Drilling also identified a new zone of zinc dominated mineralization south of the Sabana Blanca adit and a scout drill hole in the Brazo 1 zone resulted in an important geological discovery, intersecting a massive to semi-massive bedded sulfides in a previously unknown sequence of carbonaceous sediments, a geological environment with potential to host a bedded Volcanogenic Massive Sulfide ("VMS") style mineralization.

Discussion and Results

Sabana Blanca Zone:

Drilling in the Sabana Blanca Creek ("SBC") outcrops approximately 230 meters to the east along strike from the Sabana Blanca tunnel intersected mineralization typical of the Sabana Blanca zone. Multiphase bituminous crystalline quartz with semi-massive to massive pyrite (iron sulfide) and chalcopyrite (copper sulfide) cut by veinlets and irregular masses of sphalerite (zinc sulfide) were intersected in both holes drilled in the SBC area and indicate confirmation of the strike extent of mineralization in the high grade Sabana Blanca zone.

Table 1. Summary Drill Intercepts Sabana Blanc Creek Outcrop Area


----------------------------------------------------------------------------
----------------------------------------------------------------------------
                              Intercept                                 AuEq
Hole       From (m)   To (m) Length (m)   Au g/T   Ag g/T  Cu %  Zn %  (g/T)
----------------------------------------------------------------------------
SBC14-01       61.0     64.0        3.0     8.02     4.90  0.83   0.5    9.7
----------------------------------------------------------------------------
SBC14-02       35.5     40.8        5.3     1.58    15.42  3.96   0.1    8.4
----------------------------------------------------------------------------
               56.9     61.7        4.8     2.14     7.46  1.05   1.5    4.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------

(i)Note: Gold Equivalent values were calculated using the following metal prices, Gold $40.99 / gram, Silver $0.63 / gram, Copper $3.04 / pound and Zinc $0.96 / pound.

New Zone:

Drill holes SB14-01, 02 and 03 were drilled from a point roughly 82 meters south of the outcropping mineralization and in the structural hanging-wall of the Sabana Blanca zone. SB14-01 did not intersect significant mineralization. Holes SB10-02 and 03 intersected significant mineralization that may be indicative of a new zone of mineralization.

This mineralization is interpreted to be separate and distinct from that of the main Sabana Blanca zone. Sphalerite is the dominant mineral and has a distinctive brick red color while that of the Sabana Blanca zone is typically a dark brown color, possibly indicating higher iron content and higher temperatures of formation. Unlike mineralization in the Sabana Blanca zone, where chalcopyrite is a major component, in the newly identified zone chalcopyrite is present in trace amounts. Logging and interpretation suggests this zone is situated well above the and in the structural hanging wall of the main Sabana Blanca zone.

Table 2. Summary Drill Intercepts - New Zone


----------------------------------------------------------------------------
----------------------------------------------------------------------------
                               Intercept                               Au Eq
Hole        From (m)  To (m)  Length (m) Au g/T  Ag g/T   Cu %   Zn %  (g/T)
----------------------------------------------------------------------------
SB14-01     No Significant Intercepts
----------------------------------------------------------------------------
Sb14-02         17.0    22.0         5.0   0.57    4.96   0.23    4.0    3.1
----------------------------------------------------------------------------
SB14-03         53.5    64.3        10.8   1.18    3.77   0.26    0.4    1.9
----------------------------------------------------------------------------
                73.6    79.5         5.9   0.78    3.34   0.24    0.2    1.3
----------------------------------------------------------------------------
----------------------------------------------------------------------------

(i)Note: Gold Equivalent values were calculated using the following metal prices, Gold $40.99 / gram, Silver $0.63 / gram, Copper $3.04 / pound and Zinc $0.96 / pound.

Brazo 1 Zone:

Scout hole BR14-01, discovered a previously unknown sequence of well developed bedded, semi-massive to massive sulfides consisting of fine grained pyrite and pyrrhotite with traces of chalcopyrite and sphalerite in thin bedded, fine grained silty carbonaceous sediments including minor intervals of chert and metamorphosed volcanic rocks. The sedimentary package appears to strike nearly north - south and the east - northeast trending Sabana Blanca zone is projected to intersect this important horizon between BR14-01 and SBC14-01 in an area wholly lacking outcrop. This important discovery materially expands the exploration potential for the El Dovio project and further indicates that the high grade Sabana Blanca zone is a large feeder or "stringer" zone beneath a highly prospective VMS horizon. Values in the bedded sulfides and surrounding sediments are moderately to highly anomalous, ranging from 0.01 to 0.16 g/T Au, 0.02 to 1.7 g/T Ag, 0.011 to 0.033 % Cu, and 0.01 to 0.07 % Zn and clearly indicate elevated metal content well above background levels.. Hole BR14-01, was drilled to a depth of 98 meters at an azimuth of 59 degrees and an inclination of 45 degrees, lack of outcrop in the area resulted in the hole being drilled sub-parallel to the dip of the sedimentary package that hosts the bedded sulfides and therefore testing a comparatively narrow portion of this previously unknown bedding controlled mineralization. The Company has formulated plans to establish suitable drill sites to allow drilling that will cut across the sedimentary package and test high grade surface mineralization in the Brazo 1 zone where surface channel sampling by the Company returned composite surface channel results grading 3.8 g/T Au, 4.1 g/T Ag and 0.3% Zn over 9 meters as announced November 5, 2012.

Ongoing Drilling

The Company has initiated a program of underground drilling utilizing the Company's man portable hydraulic drill. This will allow the Company to explore certain very high grade targets it has not been able to test from the surface. Once underground drilling is completed, the Company plans to continue surface drilling where priority targets will include expansion of drilling in the Sabana Blanca zone and the projected intersection of the Sabana Blanca and Brazo 1 zones.

Notes and Comments

All drill intercepts in reported herein are drilled intercept length. It is believed true width of these intercepts is between 80 to 100 percent of the reported intercept length, however insufficient drilling has yet to be done in these drill area to reasonably determine the geometry and true width of the intervals.

Gold equivalency calculations are included to more clearly present the approximate value of the polymetallic mineralization at El Dovio. All gold equivalent values (opt AuEq) were calculated using the following metal prices, Gold (1275 per troy ounce ($40.99 / gram), Silver $19.75 per troy ounce ($0.63 / gram), Copper $3.04 / pound and Zinc $0.96 / pound. One troy ounce contains approximately 31.1 grams and one percent equals approximately 22 pounds per metric tonne.

Sample Collection - Quality Control - Quality Assurance

The Company's samples are collected in accordance with accepted industry best practices. Core is transported from the site to the Company's core facility in Medellin, Colombia by Company personnel. After being logged, photographed, diamond saw cut and sampled, samples are delivered the SGS's Medellin laboratory for preparation and analyses, (ISO9001:2000). Gold is analyzed by fire assay with an ICP/AES finish. Silver and base metal analyses were determined with ICP/AES techniques. The Company maintains and continuously monitors its rigid QC-QA through insertion of a series of blank, duplicate, certified standard samples at a rate of 1:30 or higher into the sample stream.

Mr. Robert G. Carrington, P.Geo., a Qualified Person as defined by National Instrument 43-101 and President of the Company, has reviewed and verified the technical information in this news release.

About Colombian Mines Corporation: Colombian Mines Corporation is an aggressive exploration and development stage company with a distinct "first mover" advantage in Colombia. Focused on developing shareholder value through exploration and development of key projects, the Company is also one of Colombia's leading "prospect generators". Further information can be found on our website at www.colombianmines.com.

Robert G. Carrington, President & CEO

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statement:

Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Colombian Mines Corporation. Actual results may differ materially from those currently anticipated in such statements.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

@CloudExpo Stories
SYS-CON Events announced today that SOA Software, an API management leader, will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. SOA Software is a leading provider of API Management and SOA Governance products that equip business to deliver APIs and SOA together to drive their company to meet its business strategy quickly and effectively. SOA Software’s technology helps businesses to accel...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic • Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff hap...
SYS-CON Events announced today that Utimaco will exhibit at SYS-CON's 15th International Cloud Expo®, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Utimaco is a leading manufacturer of hardware based security solutions that provide the root of trust to keep cryptographic keys safe, secure critical digital infrastructures and protect high value data assets. Only Utimaco delivers a general-purpose hardware security module (HSM) as a customiz...
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Open Innovation Center. Can you elaborate on your commitment to keep the platform open? Jacopo Lenzi: S...
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
SYS-CON Events announced today that ElasticBox is holding a Hackathon at DevOps Summit, November 6 from 12 pm -4 pm at the Santa Clara Convention Center in Santa Clara, CA. You can enter as an individual or team of up to 10 developers. A New Star Is Born Every Month! All completed ElasticBoxes will then be sent to a judging panel - 12 winners will be featured on the ElasticBox website in 2015. All entrants will receive five full enterprise licenses for one year + ElasticBox headphones + Elasti...
Once the decision has been made to move part or all of a workload to the cloud, a methodology for selecting that workload needs to be established. How do you move to the cloud? What does the discovery, assessment and planning look like? What workloads make sense? Which cloud model makes sense for each workload? What are the considerations for how to select the right cloud model? And how does that fit in with the overall IT tranformation? In his session at 15th Cloud Expo, John Hatem, head of V...
Cloud services are the newest tool in the arsenal of IT products in the market today. These cloud services integrate process and tools. In order to use these products effectively, organizations must have a good understanding of themselves and their business requirements. In his session at 15th Cloud Expo, Brian Lewis, Principal Architect at Verizon Cloud, will outline key areas of organizational focus, and how to formalize an actionable plan when migrating applications and internal services to...
SAP is delivering break-through innovation combined with fantastic user experience powered by the market-leading in-memory technology, SAP HANA. In his General Session at 15th Cloud Expo, Thorsten Leiduck, VP ISVs & Digital Commerce, SAP, will discuss how SAP and partners provide cloud and hybrid cloud solutions as well as real-time Big Data offerings that help companies of all sizes and industries run better. SAP launched an application challenge to award the most innovative SAP HANA and SAP ...
Ixia develops amazing products so its customers can connect the world. Ixia helps its customers provide an always-on user experience through fast, secure delivery of dynamic connected technologies and services. Through actionable insights that accelerate and secure application and service delivery, Ixia's customers benefit from faster time to market, optimized application performance and higher-quality deployments.
SYS-CON Events announced today that Calm.io has been named “Bronze Sponsor” of DevOps Summit Silicon Valley, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Calm.io is a cloud orchestration platform for AWS, vCenter, OpenStack, or bare metal, that runs your CL tools puppet, Chef, shell, git, Jenkins, nagios, and will soon support New Relic and Docker. It can run hosted, or on premise and provides VM automation / expiry, self-service portals,...
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, will focus on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19+ years in high tech. At Verizon Enterprise, she focuses on driving growth for the Verizon Cloud pla...
SYS-CON Events announced today that Aria Systems, the recurring revenue expert, has been named "Bronze Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Aria Systems helps leading businesses connect their customers with the products and services they love. Industry leaders like Pitney Bowes, Experian, AAA NCNU, VMware, HootSuite and many others choose Aria to power their recurring revenue bu...
The Internet of Things (IoT) is going to require a new way of thinking and of developing software for speed, security and innovation. This requires IT leaders to balance business as usual while anticipating for the next market and technology trends. Cloud provides the right IT asset portfolio to help today’s IT leaders manage the old and prepare for the new. Today the cloud conversation is evolving from private and public to hybrid. This session will provide use cases and insights to reinforce t...
As Platform as a Service (PaaS) matures as a category, developers should have the ability to use the programming language of their choice to build applications and have access to a wide array of services. Bluemix is IBM's open cloud development platform that enables users to easily build cloud-based, creative mobile and web applications without having to spend large amounts of time and resources on configuring infrastructure and multiple software licenses. In this track, you will learn about the...
Blue Box has closed a $10 million Series B financing. The round was led by a strategic investor and included participation from prior investors including Voyager Capital and Founders Collective, as well as the Blue Box executive team. This round follows a $4.3 million Series A closed in December of 2012 and led by Voyager Capital. In May of this year, the company announced general availability of its private cloud as a service offering, Blue Box Cloud. Since that release, the company has dem...
SYS-CON Events announced today that Verizon has been named "Gold Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Verizon Enterprise Solutions creates global connections that generate growth, drive business innovation and move society forward. With industry-specific solutions and a full range of global wholesale offerings provided over the company's secure mobility, cloud, strategic network...
SimpleECM is the only platform to offer a powerful combination of enterprise content management (ECM) services, capture solutions, and third-party business services providing simplified integrations and workflow development for solution providers. SimpleECM is opening the market to businesses of all sizes by reinventing the delivery of ECM services. Our APIs make the development of ECM services simple with the use of familiar technologies for a frictionless integration directly into web applicat...
The only place to be June 9-11 is Cloud Expo & @ThingsExpo 2015 East at the Javits Center in New York City. Join us there as delegates from all over the world come to listen to and engage with speakers & sponsors from the leading Cloud Computing, IoT & Big Data companies. Cloud Expo & @ThingsExpo are the leading events covering the booming market of Cloud Computing, IoT & Big Data for the enterprise. Speakers from all over the world will be hand-picked for their ability to explore the economic...
Cloudwick, the leading big data DevOps service and solution provider to the Fortune 1000, announced Big Loop, its multi-vendor operations platform. Cloudwick Big Loop creates greater collaboration between Fortune 1000 IT staff, developers and their database management systems as well as big data vendors. This allows customers to comprehensively manage and oversee their entire infrastructure, which leads to more successful production cluster operations, and scale-out. Cloudwick Big Loop supports ...