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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

New Colombia Resources, Inc. ( OTC PINK : 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.

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 the remaining section of the Ruta del Sol, then use this new road to move their premium hard coking coal to export terminals on the Caribbean and Pacific coasts. The road project is complete except for this stretch that begins with tunnels and bridges that are between 200 meters to 3 Km from New Colombia’s mining concession in Guaduas.

“I would like to personally thank the ANM and the Office of the Presidency of Colombia for any assistance provided for this approval, we will not disappoint and are committed to being an environmentally responsible neighbor,” stated John Campo, President of New Colombia Resources, Inc.

New Colombia recently entered into a $ 90 Million contract to supply coal to China Steel Mills, they have sourced the coal to fill the contract and will be making announcements accordingly. New Colombia’s Mega Coal Projects have been getting media attention in Colombia. Click here to see an article in Colombia’s leading El Tiempo Newspaper reporting on their $ 90 Million coal order, in Colombia they’re known as NCR, https://www.eltiempo.com/economia/empresas/movidas-empresariales-en-2017/16790902

Approval of the Work Permit is a major milestone since now they can proceed with mining activities once the local environmental authority (CAR) recognizes the addition of Gravel and issues an environmental permit for both Gravel and Coal. An application for the environmental permit has been active for the past few years but was suspended in anticipation of the addition of Gravel so the Company will be issued one license for both. The Company will personally present the approval resolution to the CAR and expects issuance very quickly since the CAR has already performed a site visit and spent many hours on their case.

New Colombia has begun preparations to set up their wholly owned rock crushing plant on site to begin Gravel operations with a projected 1000 m3/day output. They may add another plant to satisfy local demand for building material. To see a financial model of their rock crushing operations visit, https://drive.google.com/open?id=0BxSKP5j2FlseOFE5TVdReGRCUUE

Use this link for a site visit report and Power Point Presentation of their rock crushing operation from an independent Colorado Geological firm, Exploration Services International, https://drive.google.com/open?id=0BxSKP5j2FlsebU9kT3Y4SHlOSm8

In November, mining engineers discovered a new outcropped coal seam over 3 meters wide. Engineers from another company were visiting the property to propose a contract to develop some of the assets. To view a picture of the coal seam visit https://drive.google.com/open?id=0BxSKP5j2FlsedUpXZVJnZ3JxVXc


MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | new@marijuanastocks.com
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