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Columbus Gold Corp.
Summary
| Project: | Eastside | |
|---|---|---|
| Deposit: | Eastside | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 7/18/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 18-7-2016: Columbus Gold Corp. announces an Exploration/Drilling Update report for its Eastside deposit at the Eastside project. Drilling results incl. 97.5m @ 0.68g/t Au from 190.5m. Vancouver, BC, Canada, July 18th, 2016. Columbus Gold Corp. (CGT: TSX, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andy Wallace (Cordilleran Exploration Company) | |
| ABSTRACT: | Vancouver, BC, Canada, July 18th, 2016. Columbus Gold Corp. (CGT: TSX, CBGDF: OTCQX) (“Columbus”) is pleased to report results of an additional eleven (11) drill holes completed at its 100% owned Eastside gold project in Nevada. Eastside is a district scale project consisting of 725 claims covering 57.7 sq. km (22.55 sq. miles), in an area of outstanding infrastructure. Significant gold values of up to 27.9 g/t have been obtained in surface sampling at Eastside and so far seven (7) large geochem anomalies have been identified, however drilling to date has been confined almost exclusively to one target (referred to as the Original Target), in an area of only approximately 1,250 X 800 meters, or about 1 sq. km., of the large 57.7 sq. km land package. Thorough oxidation is remarkably deep at Eastside in certain areas, exceeding 300 meters in places. Preliminary metallurgy (see July 10, 2014 press release) indicates that gold at Eastside is amenable to cyanide leaching, whether oxide or sulfide. The 2016 drilling employs one reverse circulation rotary rig and one core drill. Columbus has completed 14,370 meters of drilling in 2016 including 10,149 meters of rotary drilling and 4,221 meters of core drilling, with assays pending on a number of samples. The current drilling phase will be completed in August 2016, and additional results will be reported periodically after they are received and analyzed. | |
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