Colombian Mines Corporation (TSXV:CMJ,FWB:X6C) reported that a recently completed high resolution airborne magnetic and radiometric survey at the Mercedes project in Colombia identified multiple, large, linear magnetic anomalies, some in excess of seven kilometers long that are commonly associated with coincident potassium anomalies.
As quoted in the press release:
These coincident anomalies indicate the circulation of solutions destructive to magnetic minerals within large structurally controlled zones and are typical of magnetic and radiometric signatures associated with large epithermal systems. Several of these anomalies are spatially associated with known gold – silver – copper occurrences where the Company’s surface reconnaissance sampling as previously announced in the Company’s release of December 10, 2012 has returned results to 49 grams gold per metric tonne (g/T Au), 773 grams silver per metric Tonne (g/T Ag) and 26% Copper (Cu). Other similar anomalies, outside of the areas prospected to date, indicate potential to discover additional areas of epithermal style mineralization on the property.