The TSX-V-listed stock of prospect generator Colombian Mines has jumped more than 57.14% on Tuesday, after it struck a purchase option accord with a private equity party for the high-grade Pamlico gold project in Mineral County, Nevada, for $4-million.
According to Vancouver-based Colombian Mines, visible gold dominated the high-grade mineralisation that occurred in thoroughly oxidised and brecciated quartz veins. Frequent historic drill holes, contained high-grade gold intercepts, the company advised.
