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...
$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
February 07, 2017 at 08:14 AM EST