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With a final $200,000 USD payment, Bezant now holds an alluvial platinum license (FKJ-083) and gold license (HCA-082) in 2,659-hectare area of Chocó.

With 8.60 grams of gold per tonne, the test "yielded significantly more ounces of precious metals than we estimated," said CEO Ari Sussman.

Colombia’s National Oil Association argues that the court’s ruling does not touch a critical article of Colombia’s tax code, Article 107.

Canadian mining company Eco Oro Minerals Corp. announced that its plan of arrangement has become effective.

“We cannot afford to lose this industry...I think we can save this marriage," said Orlando Velandia, president of the ANH.

“Accelerating the drilling program only makes sense given the upside,” said Ari Sussman, CEO of Continental Gold.

"Colombia can’t really afford to turn its nose up at the wealth of resources it has at its disposal," says Paul Harris.

The alterations are being made to an agreement originally announced on August 1.

Robertson, the current chief financial officer of Eco Oro, is filling a void left by the recent resignation of Mark Moseley-Williams.

“The agreement unites the shareholders of Eco Oro in pursuit of its arbitration claim against the Republic of Colombia,” said Eco Oro.