Gran Colombia Announces 51% Increase in Measured and Indicated Gold Resources at Marmato

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[{"type":"text","content":"\n\n\n\n\n\nTORONTO, Sept. 6, 2011 /CNW/ - Gran Colombia Gold Corp. (TSX: GCM,\n GCM.WT, GCM.WT.A) is pleased to announce a new National Instrument\n 43-101 mineral resource estimate for its Marmato Project containing\n 10.0 million ounces of gold in the Measured and Indicated categories\n and an additional 2.4 million ounces of gold in the Inferred category\n at a cut-off grade of 0.3 g/t (see table below). In addition, there are\n an estimated 64 million ounces of silver in the Measured and Indicated\n categories and a further 11 million ounces of silver in the Inferred\n category. This new in-pit mineral resource represents a 51% increase in\n Measured and Indicated gold ounces and a 73% increase in Measured and\n Indicated silver ounces compared to the previous mineral resources\n dated January 6, 2011.\n\n\nCommenting on these results, Serafino Iacono, Executive Co-Chairman of\n Gran Colombia noted, \"We are extremely pleased with the success of our\n infill drilling program, which has significantly increased both the\n quantity and the quality of our mineral resources, as well as the\n overall gold grade, all of which will be incorporated in the\n pre-feasibility study that is currently underway.\"\n\n\n\n\n\n \n\n\nGOLD\n\n\n \n\n\nSILVER\n\n\n \n\n\nTonnes\n\n\n \n\n\nGrade\n\n\n \n\n\nOunces\n\n\n \n\n\nGrade\n\n\n \n\n\nOunces\n\n\n(at 0.3 g/t cut off)\n\n\n(mm)\n\n\n \n\n\n(g/t)\n\n\n \n\n\n(mm)\n\n\n \n\n\n(g/t)\n\n\n \n\n\n(mm)\n\n\nMeasured Mineral Resource\n\n\n53\n\n\n \n\n\n1.1\n\n\n \n\n\n1.9\n\n\n \n\n\n9.7\n\n\n \n\n\n16\n\n\nIndicated Mineral Resource\n\n\n254\n\n\n \n\n\n1.0\n\n\n \n\n\n8.1\n\n\n \n\n\n5.8\n\n\n \n\n\n48\n\n\nMeasured and Indicated Mineral Resource\n\n\n307\n\n\n \n\n\n1.0\n\n\n \n\n\n10.0\n\n\n \n\n\n6.5\n\n\n \n\n\n64\n\n\nInferred Mineral Resource\n\n\n68\n\n\n \n\n\n1.1\n\n\n \n\n\n2.4\n\n\n \n\n\n5.1\n\n\n \n\n\n11\n\n\nIn addition to this in-pit resource, SRK Consulting (UK) Ltd., which\n performed the mineral resource estimate, has also identified an\n underground mining resource of 2.1 million tonnes at a gold grade of\n 1.8 grams per tonne representing 120,000 ounces of Measured and\n Indicated gold resources plus 6.4 million tonnes grading 2.3 g/t ...

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