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BOGOTA, COLOMBIA--(Marketwired - Jan 29, 2016) - New Colombia Resources, Inc. (
Now that the PTO has been filed, the company will begin negotiations with the road contractors in the area. On December 23, 2015, 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. Work to begin in January 2016. Click to read the article http://www.eltiempo.com/economia/sectores/ruta-del-sol-tras-seis-anos-destraban-tramo/16466312. The mega project is complete except for this stretch which will start with tunnels and bridges that are between 200 meters to 3 Km from New Colombia's mining concession in Guaduas.
The Company is working closely with the agencies involved to accelerate approvals to begin production as soon as possible. They previously submitted their environmental management plan but needed to complete a work plan to include aggregates.
A copy of the PTO is available in Spanish, however a Technical Report with cash flow models, reserve estimates, etc. has been drafted in English by a Qualified Person (QP), as defined by the Canadian Securities Administrators (CSA). The report will be posted on the company website; some highlights include:
In addition to mining, New Colombia Resources is co-founder of Sannabis SAS in Colombia, makers of the Sannabis brand of medical marijuana products. Sannabis enjoys first mover advantage in this sector and will be making updates more frequently. To view or purchase Sannabis products visit www.sannabis.co. Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal
New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including: metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15-17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. New Colombia Resources also holds a significant position in Sannabis SAS, which legally produces medical marijuana products in the Republic of Colombia; visit www.sannabis.co. For more information on the Company visit www.newcolombiaresources.com.
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 might 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.