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Vancouver-based Colombian Mines (TSX-V: CMJ) has completed three drill holes in the Sabana Blanca zone of its El Dovío gold project in Colombia, with all holes intersecting massive to semi-massive sulfide mineralization, a press release said.
Highlights include up to 49.8m of visually significant mineralization in the area, while mineralization extends more than 250m down dip below surface outcrops.
The company has also completed an expanded ground magnetometry survey of El Dovío, and consultants are currently modeling the data.
California-based Brazil Minerals (OTCQB: BMIX) has received US$500,000 from four investors in a transaction in which the company sold a combination of GIA-graded diamonds, common stock and two-year options.
The GIA-graded diamonds can be delivered over time, until December 31, 2015, according to a company statement.
The project comprises some 10,700ha, and is located in an area with high-sulfidation epithermal gold-copper mineralization.
The agreement is subject to a 0.5% royalty to Antioquia Gold that can be purchased for US$1.5mn and a 2% royalty to Sorotama Gold, a subsidiary of Barrick Gold (NYSE, TSX: ABX). Miranda acquired the property by agreeing to pay the license canon due May 14 of some 111mn pesos (US$58,000) and a US$53,000 reimbursement to Antioquia Gold.