New Colombia Resources, Inc. (OTCQB: NEWC) ("the Company") is pleased to announce the completion of a detailed drill program by SGS Colombia S.A. In addition to the drill program, SGS provided a Conceptual Geological Model as well as Surface Geology. The geology shows that the entire area has coal outcrops where the origin has a high calorific content and is mostly metallurgical. The details of the seams and a geological map of the zone will be posted on the company website next week.
Geologists from SGS realized several visits to the Vereda Salsipuedes in
Guaduas and found four outcrops on the North end of the concession contract
owned by New Colombia Resources, Inc. and two in the South end in the sector of
the Quebrada La Bermeja. SGS projected the coal seams, with dips between 25W
and 45W, span almost the entire NEWC concession. They also found indications of
a coal seam that borders the whole area of the concession from North to South as
well as a central seam.
The drill program establishes four drilling points of 300 meters each. The
first perforation will be inclined on the North end of the concession to
establish the density of the most promising seams and their dips. The second
perforation on the South end of the concession, bordering the Querbrada La
Bermeja, will also be inclined. The third and fourth holes will be in the center
of the concession to find the central seam.
On August 13, 2013, New Colombia Resources, Inc. announced the lab assays of
the coal taken from these seams that were analyzed by SGS Mineral Services; they
showed high quality metallurgical coal.
The results are available on the Coal
Specifications page of the company's new website, http://www.newcolombiaresources.com.
"We couldn't be happier with the work SGS has done for us and their results;
we look forward to begin drilling in the coming weeks to prove our reserves with
an N.I. 43-101. We'll also be able to complete our environmental impact study to
obtain an environmental permit as we wait for our work permit to be approved
shortly," stated John Campo, President of New Colombia Resources, Inc.
SGS is the world's leading inspection, verification, testing and
certification company. They are recognized as the global benchmark for quality
and integrity. With more than 75,000 employees, they operate a network of more
than 1,500 offices and laboratories around the world. Their core services can be
divided into four categories: inspection, testing, certification, and
verification. For more information visit http://www.sgs.co/en.
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About New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of
high-quality metallurgical coal properties in the Republic of Colombia. They own
100% of La Tabaquera coal mine in Colombia with an estimated 15- 17 MM tonnes of
reserves, 70% metallurgical and 30% thermal coal. Once the necessary financing
is obtained, the Company plans to have three revenue producing business units in
Colombia: coal mining, coking oven facilities, docks, river, and rail
transportation to export terminals in Colombia. The Company is also exploring
allegiances with U.S. and Colombian universities to study capturing Coal Bed
Methane (CBM) in Colombia. For more information on the Company visit http://www.newcolombiaresources.com.
Transportation, Logistics and Other Information
New Colombia Resources intends to sell their coal at the mine's gate. At the
right time, the Company plans to build or acquire river or rail loading
facilities on the Magdalena River close to their mines. The coal will be trucked
to these distribution centers, and then barged via the Magdalena River or by
rail to terminals in Barranquilla, Santa Marta, or Cartagena for export.
Initially they will use existing logistics providers while their transportation
projects are being developed. After the rail projects and the "Road to the Sun"
project are completed, New Colombia Resources will have one of a few
metallurgical coal mines in the World with river, rail, and road access to coal
export terminals on both the Atlantic and Pacific Oceans.
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Act of 1934. A statement containing works such as
"anticipate," "seek," intend," "believe," "plan," "estimate," "expect,"
"project," "plan," or similar phrases may be deemed "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995. Some
or all of the events or results anticipated by these forward-looking statements
may not occur. Factors that could cause or contribute to such differences
include financing, the future U.S. and global economies, the impact of
competition, and the Company's reliance on existing regulations. New Colombia
Resources, Inc. does not undertake any duty nor does it intend to update the
results of these forward-looking statements.
Company Contact: New Colombia Resources, Inc. John Campo President/Chairman
+1-410-236-8200 USA +57-318-657-0918 Colombia firstname.lastname@example.org
New Colombia Resources Barranquilla, Colombia http://www.newcolombiaresources.com
SOURCE New Colombia Resources, Inc.