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Colombian Mines Identifies High Grade mineralization at Mercedes

By: MT Newswires
Posted: 3/27/2013 12:56:00 PM
Referenced Stocks:

Colombian Mines Corporation (CMJ.V) reported reconnaissance work has identified additional high grade mineralization up to 2.3 grams gold per tonne (g/T Au), 203 grams silver per tonne (g/T Ag) and 10.1% copper in grab samples from outcropping mineralization in a new area approximately 1.5 kilometers wide by 2 kilometers long.

This new area is located roughly 3.3 kilometers south southeast of the area where previously announced mineralization returned results to 49.8 grams (1.6 troy ounces) gold, 744 grams (23.9 troy ounces) silver per tonne and 26.47% Cu from the Company's 100% owned, Mercedes property.

CMJ was up 4% to 41 cents, with 52-week range of $0.225 - $0.55.