The REMEDIOS Exclusive location in the mining district of Remedios – Segovia, in the North East of the Department of Antioquia, just South West of the Gran Colombia gold and silver mine acquired by Gran Colombia Gold Corp. (TSX:GCM) last year, which is the largest producing underground gold mine in Colombia.This project has 6 Concessions and 3 Applications for a total area of 12,399 + ha. To date, at least five target areas have been identified: "San Pablo", "La Bartola", "Poliantea", "La Zapata" and "El Chicharron" The Bartola" prospect includes old underground workings and the "San Pablo" prospect includes a current mine.
These regions possess a mining tradition that dates back to three centuries before the Spanish colonization in the 1500's. For centuries, mining has been a vital part of the economy in this region. There are to date more than 500 active small mines in the Remedios/Segovia area, which constitutes the primary economic activity and source of employment in the region.
Tolima Gold has the current plant at San Pablo`s in operation. There are plans to bring the current mine into production in order to ensure a constant ore feed to the plant and for exploration and testing purposes. Furthermore, an NI 43-101 compliant report has been completed by STEWART D. REDWOOD, PhD, FIMMM and SCOTT E. WILSON, C.P.G on San Pablo`s mine with an effective date of 29 August 2011. Tolima Gold started an aggressive exploration program over all of the identified targets.
REMEDIOS Project has five important areas:
1. San Pablo Mine :
- Traditionally known as "La Yurani Mine" which has been worked for 30 years and has been known in the region for its great mining potential
- The mine has five levels with almost 2000 meters of guides
- According to studies conducted in this mine, tenor and thickness measurements of the vein, shows very good structural and mineralogical characteristics.
- Vein shows continuity at its length, as well as increase in tenor, width and quality
2. La Bartola Mine:
- Very close to San Pablo mine
- Between 1950 and 1980, La Bartola was the richest and most productive mine in the municipality of Remedios
- Preliminary surface exploration has been done simultaneously for the two titles due to their vicinity; the two main exploited veins in the San Pablo and La Bartola Mines are semi-parallel, with an approximate separation of 550 meters
3. Poliantea Mine:
- It has a vein of a 100 cm. (3.28 ft) of thickness (on average) with a grade of 8gpt
- There are also surface maps where a exploited vein in a tunnel has been identified
4. Zapata Vein: (La Gabriela area)
- Located in an area of great mining potential, where the veins are situated NW and NE intersecting and forming trellis
- Exploration has been done in this area including: Topographic Survey, Detailed Surface Geology, Trenches, Sampling and Cross Sections
5. El Chicharron Vein:
- Several mines nearby. One of them is Vera Mine property of Gran Colombia Gold, which is in the border of El Chicharron Mine area
- The Vera Mine faults with direction NS, which makes mineralization found to the east present dip west; and the mineralization found to the west present dip east. This suggests that depth should join or cut
- The mineralization east of the fault, has a high silver content, of roughly 1:1 and west relationship 1:3, normal in the area
- There are five active mines to the North of El Chicharron Mine
- Space works move south, indicating there is a large mining potential in this area.