23:43:04 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Cabia Goldhills Inc
Symbol CGH
Shares Issued 36,469,934
Close 2012-12-10 C$ 0.215
Market Cap C$ 7,841,036
Recent Sedar Documents

Cabia receives all permits for Mejia drill program

2012-12-13 09:02 ET - News Release

Mr. Maurice Montpetit reports

CABIA GOLDHILLS INC. ANNOUNCES THAT IT HAS NOW RECEIVED ALL PERMITS FOR ITS DRILL PROGRAM ON THE MEJIA PROPERTY

Cabia Goldhills Inc. has now received all necessary permits and authorizations to proceed with its drilling program on the Mejia project in Colombia. Mobilization of the equipment is well under way and it is estimated that drilling of the first hole will be completed in early January. The drilling contract with Major Drilling, an international drilling company, provides for a minimum of 3,000 metres with the possibility of a 2,000 m extension pending results from the first phase. The work shall consist of diamond coring using the HQ coring system (63.5-millimetre core diameter) to depths of 300 m to 350 m. Cabia's geological team has found evidence for the presence of porphyry-style mineralization located at depth on the Mejia project, with the potential to host a gold-copper-molyporphyry system, which has become one of the focuses of the current exploration program.

In addition, Cabia is pleased to report that it is currently initiating exploration work, including the taking of additional samples, as well as a number of initiatives to improve the working conditions and general welfare of the population at the four artisanal mines adjacent to the Mejia project, namely La Gloria mine, El Fogaje mine, Los Romanes mine and El Turco mine. The terms and conditions of the agreements pursuant to which Cabia can earn an interest in the Mejia mines have been disclosed in Cabia's press release of Sept. 11, 2012.

Cabia's Mejia project is a 6,946-hectare mineral concession located close to sea level and outside any environmentally restricted areas in the San Lucas gold district in the Sur de Bolivar region of the Department of Bolivar, Colombia. The San Lucas gold district is an under-explored area where intense artisanal mining is present, including the Mejia mines, as described in Cabia's NI 43-101 report on the Mejia project available on the company's SEDAR profile.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.