GoldMining closes acquisition of Bellhaven for Colombian portfolio
Canada-based GoldMining has completed the acquisition of Bellhaven Copper and Gold and its La Mina Project in Colombia.
Under the arrangement, GoldMining acquired all of the issued and outstanding common shares of Bellhaven for 7,339,303 GoldMining common shares.
The acquisition was announced in April this year, helps the company to consolidate its gold-copper porphyry portfolio in the underexplored Mid Cauca Belt of Colombia, adding La Mina to its existing asset base.
GoldMining chairman Amir Adnani said: "We are pleased to be closing our second major transaction in Colombia, which will further expand our significant land package within the Mid Cauca Belt, one of the most prospective and underexplored gold belts in the world.
“Beyond the current defined resource base, La Mina and Titiribi collectively host several underexplored porphyry targets, which we believe offer excellent opportunities for potential new gold discoveries in an area with excellent infrastructure."
GoldMining’s assets include the Titiribi gold-copper project and adjacent concession applications.
The Colombian portfolio of the company now comprises total contained resources of 5.3Moz gold in the measured and indicated categories and 3.5Moz gold in the inferred category.
In addition, it includes more than ten gold-copper porphyry prospects for follow-up exploration.
La Mina contains the Middle Zone and La Cantera deposits, in addition to several high-priority prospects, including La Garrucha, El Limon, El Oso, Media Luna and Buenavista.
It is situated 41km south-west of the city of Medellin in the Department of Antioquia, in central Colombia.
La Mina’s pit-constrained resource totals 1.01 million ounces of gold equivalent, grading 1.12g/t gold equivalent in the indicated category, and 430,000oz gold equivalent, grading 1.07g/t gold equivalent in the inferred category, at a 0.25g/t gold cutoff.