West Perth based junior mining hopeful Blina Minerals has kicked off a round of auger drilling as part of its due diligence program at the Ande’s project in Colombia.
Blina has until March 31st to take up its option at Ande’s.
If Blina elects to proceed it can earn up to 50% of the project by spending $5m on it over a period of 3 years.
The auger drilling program will also be complemented by a mapping and underground sampling campaign on site.
In total Blina will put down 250 auger holes with results expected in around two weeks.
The Ande’s project is sublimely located in the heart of the famed Middle Cauca gold belt in Colombia that is practically overrun by multi-million ounce gold mines on its door step in all directions.
It is exquisitely wedged immediately to the south of the 9moz Buritica mine, the 11moz Titiribi mine and the 1.6moz La Mina mine.
It is also situated immediately to the north of the 14moz Marmato mine and the 3moz Qunchia mine.
Just 3km to the east lies the 6moz Quebradona mine that also boasts nearly 4m tonnes of copper bearing ore and immediately to the west is the celebrated El Roble copper mine with 4% copper grades.
With Blina trading at just point one of one cent, they wont need much of a sniff from the current campaign to get the gold punters reaching for their broker’s number.
By Matt Birney
