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Columbus Gold Corp.
Summary
| Project: | Eastside | |
|---|---|---|
| Deposit: | Eastside | |
| Location: | United States | |
| Commodities: | Gold-Silver | |
| Date: | 10/20/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 20-10-2016: Columbus Gold Corp. announces an Exploration/Drilling Update report for its Eastside deposit at the Eastside project. Drilling results incl. 45.7m @ 1.26g/t Au from 239.3m. Vancouver, BC, Canada, October 20th, 2016. Columbus Gold Corp. (CGT: T | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Andy Wallace (Cordilleran Exploration Company) | |
| ABSTRACT: | Vancouver, BC, Canada, October 20th, 2016. Columbus Gold Corp. (CGT: TSX, CBGDF: OTCQX) is pleased to report results of the final fourteen (14) holes completed from the 2016 drilling program at its 100% owned Eastside gold project in Nevada. All assay results have been delivered to a third party consultant, Mine Development Associates of Reno Nevada, who are compiling a database and building a three dimensional model to be used in their initial evaluation of the drill results, with a view of completing a maiden resource estimate. 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 geochemical 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. | |
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