Expanding underground mining operations
Caldas Gold is a Canadian mining company. They’re currently expanding underground mining operations at its Marmato Project. This project is located in the Department of Caldas, Colombia.
Moreover, the Company is led by an experienced management team with a proven track record capable of taking the Marmato Project to the next level.
The Marmato Project
The Marmato Project is located within a historic mining district. Furthermore, it contains mineral resources of 4.0 million ounces of gold in the Measured and Indicated categories, including 2.0 million ounces in the Proven and Probable reserve categories. It also contains 2.3 million ounces of gold in the Inferred category.
The Marmato Project has excellent infrastructure. In fact, it’s located by the Pan American Highway with access to Medellin to the north and Manizales to the south and has access to the national electricity grid which runs near the property. Additionally, in 2019, the Marmato underground mine produced 25,750 ounces of gold and in 2020, despite some impact of COVID-19 in the second quarter, implementation of a mine optimization program is expected to increase gold production to between 23,000 and 26,000 ounces.
For more information on Caldas Gold Corp. (TSX.V: CGC, OTCQX: ALLXF) please fill out the form below.