Welcome!

News Feed Item

Columbus Gold Drills 133 Meters of 1.28 g/t Gold (Including 30.5 m of 3.24 g/t Gold) and Also Encounters Significant Silver, at Bolo Project in Nevada

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/25/13 -- Columbus Gold Corp. (TSX VENTURE:CGT) ("Columbus Gold") is pleased to announce results of its 2013 drilling program at its Bolo gold project, located northeast of Tonopah, Nevada. Subject to underlying royalties, Bolo is 100% controlled by Columbus Gold.

The 2013 drilling program consisted of 11,400 feet (3,475 meters) in 19 RC drill holes and was designed to test additional targets and for expansion drilling in the area (known as the South Zone) around discovery drill hole BL-23, which cut 30 meters of 2.38 grams per tonne ("g/t") gold in 2008 drilling.

The 2013 drilling in the South Zone at Bolo cut significant intercepts of good grade gold over considerable thicknesses. Drill holes BL-38, BL-39 and BL-41 were noteworthy. Drill hole BL-38 cut 133 meters from surface of 1.28 g/t, which included 30.5 meters of 3.24 g/t gold. BL-39 cut 41 meters of 2.05 g/t gold from surface. BL-41 cut 51.5 meters of 1.27 g/t gold from surface, which included 16.8 meters of 2.15 g/t gold.

All mineralization is logged as "oxidized" and is Carlin-type, associated with weak silicification and decalcification of Paleozoic sedimentary rocks. The gold mineralization at the South Zone at Bolo is more pipe-like in shape than anticipated. The pipe rakes steeply to the south and remains open at depth.

Significant silver was also cut in the drilling (up to 3 meters of 360.5 g/t within 28.8 meters of 57.6 g/t silver in drill hole BL-37) and will contribute value. All silver assays reported to date in Columbus Gold's drilling at Bolo have been done using ICP analysis. Recent preliminary check samples using fire assay on silver indicate that the ICP technique appears to be understating the silver grade (8 check samples out of 10 showed 40-150% more silver using fire assay). All reported gold assays at Bolo are not in question as considerable check sampling shows gold values check well. Columbus Gold has commenced more comprehensive checks on all silver assays from the 2013 drilling, as well as past Bolo drilling by Columbus Gold, using the fire assay technique with a total of 260 samples with significant silver being checked.

A table of significant results from the 2013 drill campaign can be viewed at the following link:

www.columbusgoldcorp.com/i/nr/2013-09-25-table.pdf

Drill hole location maps are available at the following link:

www.columbusgoldcorp.com/i/nr/2013-09-25-maps.pdf

Quality Assurance / Quality Control

Assaying on Bolo drill cuttings was performed by American Assay Labs in Sparks, Nevada. Quality control for the 2013 program was done by inserting blind standards of a known gold content in the drill samples (one standard out of every 20 drill samples). Standards assayed with acceptable limits. In addition American Assay inserts standards and blinds in the samples (around 7% of all analyses). Lastly Columbus Gold takes a separate sample at the drill of each five feet of drill cuttings. These samples are retained for check assaying. The check sampling of 150 of these separate samples is in progress as well as the fire assay checks for silver. These results will be reported when the work is completed. Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is the Qualified Person under NI 43-101 who has reviewed and approved the technical content of this project description. Mr. Wallace is the President of Columbus Gold and the principal of Cordilleran Exploration Company (Cordex), which is conducting exploration and project generation activities for Columbus Gold on an exclusive basis.

ON BEHALF OF THE BOARD,

Robert F. Giustra, Chairman & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
SYS-CON Events announced today that Sheng Liang to Keynote at SYS-CON's 19th Cloud Expo, which will take place on November 1-3, 2016 at the Santa Clara Convention Center in Santa Clara, California.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, will discuss how VPaaS enables you to move fast, creating scalable video experiences that reach your ...
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
The vision of a connected smart home is becoming reality with the application of integrated wireless technologies in devices and appliances. The use of standardized and TCP/IP networked wireless technologies in line-powered and battery operated sensors and controls has led to the adoption of radios in the 2.4GHz band, including Wi-Fi, BT/BLE and 802.15.4 applied ZigBee and Thread. This is driving the need for robust wireless coexistence for multiple radios to ensure throughput performance and th...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
SYS-CON Events announced today that Bsquare has been named “Silver Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. For more than two decades, Bsquare has helped its customers extract business value from a broad array of physical assets by making them intelligent, connecting them, and using the data they generate to optimize business processes.
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lea...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.