Announcement Date: 2022-05-09
Announcement Type: Pre-Feasibility Study
Announcement Code: NI43-101
Company name: GCM Mining Corp.
Project name: Segovia
Location: Colombia
Commodities: Gold
Highlight: PFS results incl. post-tax NPV (5%) of US$241M
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: This report was prepared as a prefeasibility-level (PFS) Canadian National Instrument 43-101 (NI 43- 101) Technical Report (Technical Report) for GCM Mining Corp. (GCM or Company) by SRK Consulting (U.S.), Inc. (SRK) on the Segovia Project, which is comprised of several areas named Providencia, El Silencio, Sandra K, Carla, and Las Verticales Veins System (Las Aves, Pomarosa and Pomarosa 2 shears). The Las Verticales Vein System is currently considered to be at the exploration stage and is therefore reported within the Mineral Resources but is excluded from the prefeasibility study due to the level of confidence at the current stage. The metric system has been used throughout this report. Tonnes (t) are metric of 1,000 kilograms (kg), or 2,204.6 pounds (lb). All currency is in U.S. dollars (US$) unless otherwise stated. 1.1 Property Description and Ownership The Segovia Project (Segovia or the Segovia Project) is a gold mining complex located in Colombia’s Segovia-Remedios mining district, Department of Antioquia, north-west Colombia approximately 180 kilometers (km) northeast of Medellín
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