Colombian mines and the Pamlico Gold Project acquisition
Through the deal, Colombian Mines has...
Colombian mines has announced that the company has signed an agreement to acquire Pamlico Gold Project in Nevada.
Through the deal, Colombian Mines has the exclusive option to purchase an undivided 100% interest in the property at US$7million or for an “Early Exercise Option” of US$4million if exercised and paid within four years.
A closer look at Colombian Mines Corporation & the Pamlico project
Located along the Walker Lane, which is one of Nevada’s largest and most productive gold trends
The Pamlico project is made up of 116 unpatented lode mining claims covering the historic Pamlico group of mines, as well as the surrounding Good Hope, Central, Gold Bar and Sunset mines.
Colombian Mines Corporation is an aggressive exploration and development company with production operations in Nevada, Colombia and Colorado.
Recognized as one of the most prospective, yet under-explored frontiers in the world, Colombia at one time had produced more than 35% of all of the gold produced in mankind’s history.
Colombian Mines Corporation has flagship projects in El Dovio and Mercedes, high grade gold-silver copper projects.
The El Dovio project high grade polymetallic gold-silver-copper-zinc mineralization in a belt of marine volcano-sedimentary rocks known to host other polymetallic and Volcanogenic Massive Sulfide (VMS) prospects and mines.
It is situated in the municipalities of El Dovio (Department of Valle del Cauca) and Sipi (Department of Choco) in the western range of the Colombian Andes
The Mercedes Property (Property) is located in the Department of Tolima, near the town of Natagaima.
It is a 4,995-hectare property, covers a volcanic hosted, intermediate sulfidation epithermal type system with outcropping high grade gold-silver-copper mineralization surface sampling results to 50 grams gold per metric tonne (g/T Au), 773 grams silver per metric tonne (g/T Ag) and 26.5% copper.
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BHP, Rio Tinto & Vale launch Charge On Innovation Challenge
Mining giants BHP, Vale and Rio Tinto have launched the 'Charge On' Innovation Challenge to solve one of the biggest challenges the industry faces today - decarbonising mining operations.
'Charge On' Innovation Challenge
In partnership with Austmine, Australia's leading mining equipment, technology and services industry association, founding patrons BHP, Vale and Rio Tinto have launched the competition to encourage technology innovators to develop new concepts for large-scale haul truck electrification systems. The main goal is cutting emissions from surface mining operations.
“The mining industry needs to be at the forefront of tackling the climate challenge. The Charge On Innovation Challenge is a great example of the current collaborative work being done by the mining industry and mobile equipment manufacturers to decarbonise mining fleets,” the trio said in a media statement.
“In addition to providing a zero-carbon energy source, the conversion of mobile mining equipment to battery-electric can potentially unlock value, as electric motors have fewer moving parts when compared to standard equipment.”
A number of non-traditional mining sector vendors are actively developing technologies that can assist in mine electrification. By submitting a Challenge to the market, the Patrons of Charge On expect to:
- Demonstrate there is an emerging market for charging solutions in mining
- Accelerate commercialization of solutions
- Indicate to suppliers, the mining industry seeks interoperable solutions
- Maintain multiple actors and competition in the supply chain
- Integrate innovations from other sectors into the mining sector
"We expect some solutions identified in the Challenge could provide propulsion to existing diesel-electric trucks. This may present a pathway to early implementation for dynamic charging solutions," the trio said.
Found patrons BHP, Vale and Rio Tinto are pledging their commitment to fighting climate change:
"The mining industry has an important role to reduce emissions and do our part to achieve the Paris Agreement goals to limit the impacts of climate change."
The Charge On Innovation Challenge asks vendors to present interoperable solutions that can safely deliver electricity to large battery-electric off-road haul trucks in a way that maintains or improves current productivity levels. Specifically, mechanisms capable of delivering in the order of 400kWh of electricity to each truck within a haul cycle (ie load, travel, dump, return, queue). The delivered electricity is to charge a battery, and if applicable directly propel the truck.
Austmine CEO Christine Gibbs Stewart commented: “We expect the Challenge will attract companies from a broad range of sectors including mining, automotive, aerospace, agriculture, and defence to deliver selected charging concepts to create a standard product that can interface with all trucks."
More information about the challenge will be released on May 18.
The competition echoes growing efforts being made across the industry to tackle emmissions and promote electrification. In march this year, the Electric Mine Consortium was launched. It's founding members include Gold Fields, Dassualt Systemes and Sandvik who pledged their commitment to decarbonising mining operations.