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Mr.
The new application 508257 (630,9 Ha 63.09., Sq Km) is in the southernmost portion of the Quimbaya's Maitamac project and neighbouring the Purima high grade gold mine owned by Prudent Minerals (Figure attached). It sits approximately 2km east of The Cauca-Romeral fault zone, which represent a megaregional system of major parallel and anastomosing faults zone favorable for gold in the Central Ranges of
On the northern corner of the
Application 508601 (3684,6 Ha., 368,46 Sq Km) is a strategic acquisition of over the northeast corner of the Maitamac project allows consolidation of more ground where numbers of long-time alluvial operation and small-scale artisanal gold mines are present. The origin of the alluvial gold has never been found.
The Maitamac project is approximately 65km south of
Quimbaya aims to consolidate gold reserves through exploration and acquisition of mining properties in Antioquia,
Certain statements contained in this press release constitute "forward-looking information" as that term is defined in applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information. In particular, this news release contains forward-looking information in relation to securing of additional claims and the prospectivity of those claims for gold, silver or other metals. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking information by its nature is based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Quimbaya to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Although Quimbaya's management believes that the assumptions made and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements or information. Readers are cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking information contained in this news release represents the expectations of Quimbaya as of the date of this news release and, accordingly, is subject to change after such date. Except as required by law, Quimbaya does not expect to update forward-looking statements and information continually as conditions change.
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