Quimbaya Gold expands Colombia project

These properties were acquired through mapping staking from the Colombian government.

Mr. Alexandre P. Boivin, President and Chief Executive Officer of the company, stated: “The adding of new ground to the company’s property portfolio at Maitamac Project confirms our strategy to consolidate large under-explored areas with gold exploration potential in Colombia.”

The new application 508257 is in the southernmost portion of the Quimbaya’s Maitamac project and neighbouring the Purima high grade gold mine owned by Prudent Minerals. It sits approximately 2 km east of The Cauca-Romeral fault zone, which represent a megaregional system of major parallel and anastomosing faults zone favourable for gold in the Central Ranges of Colombia. The Cauca-Romeral Shear belt displays several conjugated structures that led to the emplacement of different types of gold mineralisation. Within this application, multiple splay structures from Cauca-Romeral fault have been identified, as well as areas of Paleozoic greenstone favorable to host for gold-bearing quartz veins, such as the Purima gold mine.

The Maitamac project is approximately 65 km south of Medellin and accessible by paved and dirt roads, thus facilitating the exploration work. Very limited exploration work has been done in the region. The Colombian government performed a regional stream sediment campaign, regional geophysics and focused in strategic areas near the Maitamac project.

Read the article online at: https://www.globalminingreview.com/mining/02022024/quimbaya-gold-expands-colombia-project/