Columbus Commences Drilling at Its Bolo Gold Project in Nevada

(Marketwire - Nov. 1, 2007) - Columbus Gold Corporation (TSX VENTURE:CGT) ("Columbus Gold" or the "Company") is pleased to announce that it has commenced a Phase I drilling program at its Bolo gold project (the "Property"). The Property consists of 106 mineral claims, c...

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Bibliographic Details
Published inMarketwire p. 1
Format Trade Publication Article
LanguageEnglish
Published Toronto Intrado Digital Media Canada Inc 01.11.2007
Subjects
Wallace, Andy
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Summary:(Marketwire - Nov. 1, 2007) - Columbus Gold Corporation (TSX VENTURE:CGT) ("Columbus Gold" or the "Company") is pleased to announce that it has commenced a Phase I drilling program at its Bolo gold project (the "Property"). The Property consists of 106 mineral claims, covering approximately 2,190 acres (886 hectares), located northeast of Tonopah, Nevada. Columbus Gold owns 100% interest in the Property, subject to underlying royalties. The program will consist of up to 4,572 metres (m) of reverse circulation (RC) drilling in 20 to 25 holes. Permitting is in place for a second phase of drilling if results from Phase I are favorable. Drilling at Bolo is targeting Carlin-style gold mineralization where values up to 5.18 g/t (0.183 opt) gold have been obtained in outcrop, from jasperoids and iron-stained structures cutting Cambrian and Ordovician sedimentary rocks, along and within two parallel northerly trending faults, the Mine Fault and the East Fault. The Company's recent geologic mapping indicates the mineralized portion of one fault structure (the "Mine Fault") could extend for as much as 2,743 m in strike length while a second fault structure (the "East Fault") has an identified strike length of approximately 2,194 m.