Business
Denarius Metals Releases Documentary Featuring the Zancudo Project's Rich Mining History, Culture and Community Acceptance in Advance of Re-Starting Operations in 2024
Toronto, Ontario--(Newsfile Corp. - September 20, 2023) - Denarius Metals Corp. (TSXV: DSLV) (OTCQX: DNRSF) ("Denarius Metals" or the "Company") announced today
About this update from Denarius Metals Corp.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - September 20, 2023) - Denarius Metals Corp. (TSXV: DSLV) (OTCQX: DNRSF) (\"Denarius Metals\" or the \"Company\") announced today that it has released a short documentary entitled Volver (\"Coming Back\"), directed by Colombian journalist Yamid Ahmad Serna, which profiles the rich history, culture and community acceptance of the Company's Zancudo Project located in the Titiribí Mining District of Colombia, about 30 km SW of Medellin. Volver can be found on the Company's website at www.denariusmetals.com and its YouTube channel here. Mining in the Titiribi District dates back over 250 years. The Sociedad del Zancudo mining company was created in 1848 and was regarded as one of Colombia's most important companies of the 19th century. In 1883, the Sociedad de Zancudo company created its own bank, issuing banknotes to pay the bills and expenses of miners, contractors, and suppliers. Mining was the largest employer in the municipality until 1945, when it was no longer profitable and many people left the area to find work in nearby Medellin. The mine at the Zancudo Project, called Independencia, closed in 1945 and saw little activity until 2010 when it was acquired by Gran Colombia Gold. From 2011 through 2022, Gran Colombia Gold and IAMGOLD drilled approximately 40,000 meters at the Zancudo Project. In 2021, the Company acquired 100% ownership of the Zancudo Project from Gran Colombia Gold. The Company is currently advancing construction activities at the Zancudo Project, rejuvenating the Independencia mine to re-start operations in 2024 to generate gold and silver production from the recently announced Inferred Mineral Resource estimate of 4.1 million tonnes at a gold equivalent grade of 8.1 g/t representing 1,060,000 gold equivalent ounces. Volver is narrated by residents, community leaders and members of the Denarius Metals' local team, exploring the anticipated revitalization and positive impact of mining coming back to Titiribi at Independencia. Through narratives and archival material, Volver provides a commentary on the social and local economic benefits that both the Company and the community expect to realize through mutual initiatives focused on health, education, employment and entrepreneurship as well as developments in local infrastructure to be generated by the Zancudo Project. C...