Columbus Gold Corporation announces results of its summer RC drilling program at its 100% controlled Eastside gold project in Nevada.
The drill program was successful in achieving the objective of validating that oxide gold mineralization encountered in surface sampling grading up to 16 g/t gold, extends at depth in the form of zones of lower grade "cloud" gold mineralization that overlays zones of better-grade. The current drilling has also revealed that the zones of better-grade gold mineralization are unusually thick and much larger than previously interpreted and that they are open in all directions. In addition, many of the holes drilled into the better-grade zones bottomed in significant gold values.
Robert Giustra, Chairman and CEO of Columbus Gold, commented: "These drill results indicate that gold mineralization at Eastside is considerably more widespread than previously understood. This bodes well for a project that is located in an area with outstanding infrastructure and for which preliminary metallurgical testing suggests good recoveries."
A total of 12,298 meters (40,347 feet) was drilled in 51 holes, widely spaced over a mineralized area of at least 1,050 X 550 meters. Of the 51 holes, 46 completed or hit the intended target and of those 46 holes, all intersected gold mineralization, and 38 of them return significant gold results. In addition 17 holes bottomed in gold.