$NEWC News - New Colombia Resources, Inc. Announces Approval of Much Anticipated Work Permit from National Mining Agency to Begin Mining their Huge Gravel and Metallurgical Coal Reserves in Central Colombia

BARRANQUILLA, COLOMBIA - (http://www.financialnewsmedia.com News Alert) - New Colombia Resources, Inc. (OTC: NEWC) (\"New Colombia or the \'Company\"), a Colombian company listed in the U.S. with premium metallurgical coal properties and medical marijuana operations, is pleased to announce that on Friday, February 3, 2017, they received notice from the Agencia Nacional de Mineria (ANM) of the APPROVAL of the addition of Gravel to their existing approved Work Plan (PTO) for metallurgical coal. Use the link below to see the notice on the ANM\'s website (see page 30, Contrato de Concession ILE-09551), https://www.anm.gov.co/sites/default/files/atencion_minero/estado_015_del_03_de_febrero_de_2017_bogota.pdf



Yesterday, the Company filed a Form 8K with the Securities and Exchange Commission exhibiting the ANM\'s Resolution AUTO GET No. 000001. Click here to view a copy, https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11826050



Now that the PTO has been approved, the company will begin negotiations with the road contractors in the area. Last year the National Infrastructure Agency (ANI) announced the approval of the 23 Km that is needed to complete the 1000 Km Ruta del Sol road project, the largest in South America. Read this and more news for New Colombia Resources at http://financialnewsmedia.com/profiles/newc.html



Details of the Work Plan (PTO) include:

Area to Develop: 57.7 hectares

Probable Reserves: 1,999,791 cubic meters (cm3)

Minerals to Extract: Gravel

Exploitation Method: Open Sky

Use of Explosives: Yes, 30% of minerals will be extracted with explosives

Projected Annual Production: 250,000 cm3

Volume of Rock to be Removed: 2,646,094 cm3

Volume of Sterile Material to be Removed: 49,200 cm3

Project Life: 8 years

Machinery to be Used: CAT D-9 Bulldozers, 7 tonne Dump Trucks, Rock Crushing Plant



New Colombia will supply building material to complete...