Andean Mining holds a portfolio of exploration and development projects through it’s wholly owned Colombian subsidiary Corporacion Minera de Colombia SAS (CMC). CMC holds 2 granted licences at El Dovio and 2 licence applications located on the same geological trend as El Dovio covering an area of approximately 3,031 ha. The Projects are situated in central west Colombia on the western flank of the western cordillera and are prospective for copper-gold-silver and zinc. The Company’s main activities are currently focused on exploration and development at its El Dovio copper-gold-silver-zinc Volcanogenic Massive Sulphide (VMS) project.
The El Dovio property hosts high grade polymetallic copper-gold-silver-zinc mineralisation with grades up to 17% copper and 104 g/t gold hosted within a volcanogenic massive sulphide (VMS) target in an extensive belt known to host other polymetallic and VMS prospects and mines throughout western Colombia, Ecuador and beyond.
Work to date indicates a deposit with high unit value, exceptional metallurgical characteristics and low price sensitivity. Work by Newrange materially expanded the strike of known mineralisation at El Dovio and identified a stockwork zone hosting high grade mineralisation ranging from 10 to 68 metres wide in outcrop and approximately 1 kilometre long that has locally been traced down dip more than 200 metres below outcrop with diamond drilling. Mineralisation remains open to additional extension on both strike and at depth.