PROJECT

Projects

Summary of Investment Information

Project Number

34112

Company Name

Colombian Mines Corporation

Date SPI Disclosed

Nov 6, 2013

Country

Colombia

Region

Latin America and the Caribbean

Projected Board Date

Dec 6, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Infra-WBG Dir. Minerals & Metals

Industry

Metals and Mining

Previous Events

Approved : Dec 11, 2013
Signed : Dec 23, 2013
Invested : Jan 8, 2014

Sector

Gold

Project Description

The El Dovio project (“El Dovio” or the “project”) is a very early exploration stage project located in western Colombia between the municipalities of El Dovi and Sipi. The Project combines five exploration licenses registered in the name of Corporacion Minera de Colombia (“CMC”), a wholly owned subsidiary of Colombian Mines. To date, Colombian Mines has invested around US$2.5 million in exploration activities at El Dovio, including geochemical and geophysical surveys, trenching and channel sampling. The Company also recently initiated a phase I drilling program, which consisted of 1,500 meters (10 drill holes). Initial assay results have produced high grade copper and gold intercepts, including 6.9 meters at 5.9 g/t gold and 5.9% copper. It is anticipated that an initial mineral resource could be prepared by mid-2014, with a Preliminary Economic Assessment (“PEA”) by quarter 4 of 2014.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation