Columbus Gold has announced the arrival of the track-mounted diamond core rig, which was engaged to drill at its Paul Isnard gold project in French Guiana. It will clear the customs for the drill rig shortly and then the rig will be sent to the project location, expecting the commencement of the 15,000 m drill program.
The target of the primary program is on the Montagne d'Or gold deposit, which is a sharply-dipping tabular body with an approximate width of 70 m and defined partly by the former drill holes for a 2,000 m long and 100-150 m deep strike. The inferred resource and the deposit are open along strike, at depth and also inside between broadly spaced holes. The proposed preliminary program has included 15,000 m of drilling, totaling around 50 holes, and is planned for the gold resource increase by thoroughly drilling the deposit to 200 m depth and along open strike expansions. Moreover, the company is anticipating the denser drill model to change some of the inferred resource to measured and indicated categories.
The company is expecting the production of approximately 2,000 m per month using a single service rig, depending on the previous campaign performance at the Montagne d'Or deposit. It has planned to arrange a second drilling rig to speed up the drilling program.
Columbus Gold will focus its upcoming drilling campaigns on the possible expansions of the deposit that is shown by unexamined geochemical anomalies, partially analyzed parallel gold mineralized zones and additional partly tested or unexamined geochemical anomalies and gold prospects all through the Paul Isnard property.