Cabia Goldhills Begins Drilling on Mejia Property; Acquires Adjacent Mining Concession

By MT Newswires,  January 16, 2013, 11:31:34 AM EDT

Cabia Goldhills Inc. (CGH.V) announced that the first drill hole of its current exploration program has been initiated on the Mejia Property. The drilling program will be testing different recognized mineralized trends as well as geophysical and geochemical anomalies.

In other news, the company has also entered into a binding agreement to acquire an additional mining concession of more than 3,975 hectares located immediately to the south of its 100% owned Mejia Property, in the San Lucas gold belt of the Bolivar Department, Colombia.

CGH has dropped by 7% to 19 cents, trading close to year low $0.135.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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