Columbus Gold Corporation, a gold exploration and development company, has declared the assay results from four diamond core holes at its Paul Isnard gold project located in French Guiana.
Among the four holes, three have confirmed continuity and extension of gold mineralization between broadly-spaced historical holes in the central segment of the 43-101 compliant Montagne d'Or gold deposit. MO 12-69, the fourth hole, includes an intercept averaging 2.02 gpt gold along 29 m, extending gold mineralization 50 m to the west of the existing deposit and resource region.
Columbus Gold’s CEO, Robert Giustra stated that the new drill results validate the extension of gold mineralization between broadly spaced holes that are about 200 m apart, and further reaffirm the extension of gold mineralization to 200 m vertical depth from surface in prior drilled regions, undrilled gaps, and 50 m west of the deposit envelope. Giustra added that in view of the encouraging drilling results, the company intends to secure a second drill rig to speed up the program.
Till date, assay results have been reported for nine holes and support the company’s ongoing resource expansion campaign by compensating open-ended gold mineralization defined in the prior work.
High vertical depths for infill holes MO 12-66, MO 12-67, and MO 12-68 ranged from110 to 200 m in the LFZ zone and 70 to 150 m in the UFZ zone. The UFZ mineralization in the MO 12-69 core hole is at a vertical depth from surface of 200 m. However, the hole was intersected before reaching the LFZ zone. In both UFZ and LFZ zones, mineralization remains exposed at depth.