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Gran Colombia to spin out Zancudo

Gran Colombia Gold has entered into a letter of intent with ESV Resources to spin out its interest in the Zancudo gold project in Antioquia, Colombia, for 27 million shares in ESV.

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Titiribi in Antioquia, Colombia

Zancudo consists of a 1,052-hectare mining concession in the Titiribi mining district near Medellin and comprises the historical Independencia silver-gold mine.