Baroyeca Gold & Silver Makes a New Copper Discovery in Santander, Colombia

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Vancouver, British Columbia–(Newsfile Corp. – July 18, 2022) – BAROYECA GOLD & SILVER INC. (TSXV: BGS) (the “Firm”) is happy to announce that its geologists have discovered copper mineralization in a preliminary reconnaissance marketing campaign at its road-accessible Zapatoca Undertaking in a brand new mining district in Santander Division, Colombia, about 40km southwest of the departmental capital, Bucaramanga.

The invention includes disseminated to veinlet copper carbonates (malaquite-azurite) as seen in picture 1, constrained in siliciclastic sedimentary rock models. Sediment-hosted stratiform copper deposits have not beforehand been discovered on this a part of Colombia and so this represents a real new discovery.

Baroyeca has subsequently secured an space of 4,000 hectares surrounding the brand new copper discovery.

Raul Sanabria, P.Geo., President of Baroyeca, commented: “Discovering sedimentary copper on this space was completely surprising and it underlines the potential Colombia nonetheless has to supply new mineral discoveries. We’ve got staked the encircling space, offering the Firm with one other exploration mission for free of charge or dilution to our shareholders. Sediment-hosted stratiform copper deposits characterize one of many most-exciting copper exploration prospects in Cesar Division in northeastern Colombia, however this potential has not beforehand been seen in close by Santander. With demand rising for copper exploration tasks, for Baroyeca, this could possibly be a place to begin in direction of turning into a mission generator within the nation.”

The newly found showings are positioned on the decrease half of the northeast dealing with slopes fringe of the Sogamoso river canyon inside the Higher Jurassic Girón sedimentary sequence and the bottom members of the Los Santos formation. There are a number of gypsum quarries of Cretaceous age (La Paja Formation) proving the existence of large-scale evaporite beds inside the basin and the stratigraphic sequence the place the newly discovered copper stratabound mineralization is positioned.

Pink-bed mineralization varieties by motion of oxidized, copper-bearing fluids throughout a discount entrance that ends in the precipitation of copper sulfides. The worldwide tectonic framework concerned within the formation of those deposits embrace the formation of failed rifts that subsequently grew to become important intracratonic basins with basal, synrift red-bed sequences overlain by marine and/or lacustrine sediments and, in some basins positioned at low latitudes, by thick evaporitic strata. The intracratonic setting of those basins allowed the event of a hydrologically closed basinal structure by which extremely oxidized and saline, moderate-temperature basinal brines have been produced that have been able to supplying reduction-controlled sulfide precipitation over very very long time intervals.

Baroyeca has secured 4,000 hectares following the stratigraphic contacts of the Giron and Los Santos formation as first movers on this zone.

Determine 1. Zapatoca Copper Undertaking

Junior Mining NetworkPicture 1. Copper carbonates uncovered at floor in a siliciclastic sedimentary member of the Girón formation of higher Jurassic age

About Baroyeca Gold & Silver Inc.

Baroyeca Gold & Silver Inc. is a mineral exploration firm targeted on high-grade silver and gold tasks positioned in Colombia. Baroyeca’s flagship asset is the high-grade Atocha Silver-Gold Undertaking positioned in Tolima Division, Colombia. The Firm additionally holds an possibility to accumulate a 100% curiosity within the Santa Barbara Property, Bolivar Division, Colombia, which is famend for its high-grade gold mineralization and vein density. Present exploration actions on the Santa Barbara Property contain the majority sampling of vein buildings, which materials then feeds right into a trial manufacturing facility which has constantly been producing gold for over a 12 months. The income from the sale of produced gold defrays a part of the working prices. The Firm is planning to develop these actions.

The Firm’s Board and senior administration are dedicated to creating shareholder worth by the invention course of, cautious allocation of capital and environmentally and socially accountable mineral exploration.

Certified Particular person

Raul Sanabria, M.Sc., P.Geo., President of Baroyeca Gold & Silver Inc. and a professional particular person (“QP”) as outlined by Canadian Nationwide Instrument 43-101, has reviewed and accepted the technical info contained on this launch.

BAROYECA GOLD & SILVER INC.

Per: “Raul Sanabria”
Raul Sanabria, President

FOR INFORMATION CONTACT:  Rick Wilson – (604) 351-3599

Neither the TSX Enterprise Trade nor its Regulation Providers Supplier accepts accountability for the adequacy or the accuracy of this launch.

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