Dec 14 2012
Cabia Goldhills Inc. ("Cabia") is pleased to announce that it has now received all necessary permits and authorizations to proceed with its drilling program on the Mejía Project in Colombia. Mobilization of the equipment is well underway 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 3000 meters with the possibility of a 2000 meter extension pending results from the first phase. The work shall consist of diamond coring utilizing the HQ coring system (63.5mm core diameter) to depths of 300 to 350 meters. Cabia's geological team has found evidence for the presence of porphyry style mineralization located at depth on the Mejía 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 Mejía Project, namely La Gloria Mine, El Fogaje Mine, Los Romanes Mine and El Turco Mine (the "Mejía Mines"). The terms and conditions of the agreements pursuant to which Cabia can earn an interest in the Mejía Mines have been disclosed in Cabia's press release of September 11, 2012.
Cabia's Mejía Project is a 6,946 ha 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 Mejía Mines, as described in Cabia's NI-43-101 report on the Mejía Project available on the company's SEDAR profile at http://www.sedar.com.
Source: http://www.cabiagoldhills.com/