Tag: GCM Mining Corp.

GCM Mining announced results for the final 39 diamond drill holes (9,158m) of its 2021 in-mine and near-mine drilling programs, as well as the final 27 diamond drill holes (7,125m), from its 2021 brownfield drilling programs at its Segovia operations in Colombia. It also reported assay results from two additional kick-off diamond drill holes (1,140m) from the ongoing directional drilling at the El Silencio Deep zone. 2021 drilling has extended the major vein systems at Segovia, re-affirming our view that GCM’s main mines remain underexplored and are potentially larger than what we currently model. We also believe the discovery of new orebodies along with ongoing positive drill results from exploration drilling could result in additional resource growth and mine life extension. We expect these results to be incorporated in the annual reserve and resource update expected later in Mar/22.

GCM Mining announced results for 79 diamond drill holes (14,798m) from its underground in-fill drilling campaign at the El Silencio Mine at its Segovia operations in Colombia. The ongoing in-fill drilling is focused on resource definition within the underground mine developments. The latest batch of in-fill results returned grades of up to 201.22 g/t Au over 0.36m and extended the 1040 vein by ~300m down-plunge. These in-fill results complement the recent results from in-mine exploration drilling and re-affirm our view that GCM’s main mines remain underexplored and are potentially larger than what we currently model. We also believe the discovery of new orebodies along with ongoing positive drill results from exploration drilling could result in additional resource growth and mine life extension.