Goff Corp. Subsidiary Golden Glory Resources Begins Drilling Permit Process For La Frontera Gold Project in Caldas, Colombia
Goff Corporation subsidiary Golden Glory Resources announces the Company has begun the drilling permit process for its La Frontera Gold Project in Caldas, Colombia. Golden Glory plans to work closely with local communities and leaders in the mining districts where it intends to explore gold concessions.
MEDELLIN, Colombia, May 6, 2013 (GLOBE NEWSWIRE) -- via PRWEB - Goff Corporation's ("Goff" or "the Company") (GOFF) wholly owned subsidiary Golden Glory Resources Colombia SAS reports it has begun the drilling permit process in order to undertake exploration diamond drilling on its La Frontera Gold Project in Colombia.
Several of the areas on the LGC15011 leases or La Frontera Gold Project were worked for 15 years by small Artisanal miners in the region. The entire lease set is comprised of 1227 hectares of mineral leases in the Aguadas area, Department of Caldas, located about 60 kilometers south of Medellin in Northern Colombia. Roughly 30% of the La Frontera property also straddles the Antioquia region.
Golden Glory Resources is developing a comprehensive exploration program for its La Frontera Gold Project. As part of its planned Phase One Exploration Program, the Company is preparing the permits applications and jurisdictional negotiations to begin the drilling process, which is expected in early summer.
In the preparatory groundwork and data collection, previous assay records were gathered, tabulated and combined with small samples from the alteration zone and a mineralized quartz vein on the property. While samples confirmed gold values consistent with the model being developed for large tonnage, low-grade gold and silver targets, the vein samples showed the presence of path elements such as As, Ba, Cu and others. Considering the porphyritic environment, consultants believe it is possible to expect a large tonnage, low-grade type of deposit and may have potential to intersect a bonanza zone where grades could be higher in the 10x magnitude.
A similar model has been evolving at Marmato Mountain also in the Caldas, Colombia District, which has a measured, indicated and inferred resource of 14.2 million ounces gold and over 89,000 ounces silver. In tandem with preparing the permitting process, the Company's in country management and staff are initiating efforts to work with the communities and local officials in the jurisdictions where they are targeting exploration for and potential production of gold.
Company President Warwick Calasse explains, "The management group has recognized from the start that in order to be successful in these newly established mining and exploration areas, we need to be a part of the local economy and community employer. We are intent on getting into the local areas, exploring with the existing Artisanal miners and enlisting their help to better understand the structures that we are working with. After all, they have been on these claims, many for several decades and they understand the area. Their help to date has been greatly appreciated."
"Once we have established our plan of operations, we fully expect to be utilizing the local consultants and labor force in our day to day operations. We expect this will become an important part of our local efforts, Calasse adds. "All of our locally-based management have excellent credentials and can bring strong contacts and support by dealing with the local communities and agencies. We are reaching out to set the stage for our operations in the three mining districts where we plan to do business."
Goff Corporation's subsidiary Golden Glory Resources has acquired leases in three of the leading gold areas of Colombia since March of 2013. The leases are located in the highly productive Caldas, Marmato and South Bolivar regions that are responsible for the vast majority of gold exploration and production in the country.
The Company's in country management includes Manuel Hernando Vasquez Serna, the founder, owner and manager of Explotarcol Ltda., a consulting firm in Barranquilla, Colombia, which he began in 1979. Mr. Vasquez Serna has a long a history working in the engineering core of the Colombian Military, first as a military engineer specializing in heavy equipment and later as an expert in rock movement and the use of mining explosives, which he has published on in several manuals and reference articles. He has also taught at the Universidad La Gran Colombia, Universidad Del Norte La Ciudad De Barranquilla and others over his thirty plus year career in the field.
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