$NEWC News: New Colombia Resources Inc. Engages SGS to Commence a Drill Program and Exploration Services at their Metallurgical Coal Property in Colombia.
BARRANQUILLA, Colombia (http://www.FinancialNewsMedia.com News Alert) New Colombia Resources, Inc. (OTCQB: NEWC) (\"New Colombia\" or the \"Company\") has engaged SGS Colombia S.A. to begin a N.I. 43-101 compliant drill program. At the conclusion of the program, New Colombia will hire an international drilling company to drill the holes according to the plan. SGS will take custody of the core samples back to their laboratory in Barranquilla, Colombia and provide drill hole database management services. Other services SGS will provide include a Topographic Survey and Geological Mapping.
Once the drill holes samples have been analyzed, a Qualified Person (QP), as defined by the National Instrument 43-101, will provide a technical report. The N.I. 43-101 Technical Report is an international standard used for the public disclosure of information relating to mineral properties; it is broadly comparable to the Joint Ore Reserves Committee Code (JORC Code) which regulates the publication of mineral exploration reports.
The drill hole results will also allow the company to complete and submit their Environmental Impact Study. \"We are aggressively moving forward to get into production as soon as possible,\" stated John Campo, President of New Colombia Resources.
SGS is the world\'s leading inspection, verification, testing and certification company. They are recognized as the global benchmark for quality and integrity. With more than 75,000 employees, they operate a network of more than 1,500 offices and laboratories around the world. Their core services can be divided into four categories: inspection, testing, certification, and verification. For more information visit www.sgs.co/en.
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About New Colombia Resources, Inc. (OTCQB: NEWC)
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties in the Republic of Colombia. They own 100% of La Tabaquera coal mine in Colombia with an estimated...