burbelly Posted January 19, 2007 Report Share Posted January 19, 2007 Vancouver, British Columbia, Canada. January 18, 2007. Columbus Gold Corporation (CGT: TSXV) ("Columbus Gold" or the "Company") is pleased to announce the results of a reverse circulation drilling program at its Dutch Flat Property in Nevada, where Piedmont Mining Company, Inc., is earning an initial 51% interest by funding US$2 million in exploration expenditures. Seventeen shallow angle holes, totaling approximately 685 metres (m) (2,550 feet), were drilled in an east-west fence extending approximately 388 m (1,275 feet) across part of a previously drilled zone on the property with the objective of confirming the drilling results obtained by AMAX Gold in the late 1980s. Gold grades of 0.34 grams per tonne (g/t) (0.01 ounces per ton (opt) gold or better were intersected in 11 of the 17 holes over intervals ranging from 1.5 m to 12.2 m (5 to 40 feet). A nugget effect was observed in 4 of the holes. The two best holes encountered 7.62 m (25 feet) of 0.45 g/t (0.013 opt) gold, including 1.5 m (5 feet) of 1.10 g/t (0.032 opt) gold, and 3 m (10 feet) of 1.86 g/t (0.055 opt), including 1.5 m (5 feet) of 3.50 g/t (0.102 opt) gold. These intercepts were all encountered within approximately 30 m (100 feet) of the surface. The latest drilling results are consistent with previous results obtained by AMAX. Accordingly, a second drill program is currently being planned with the objective of extending the known mineralized zone to the west and also to test some of the zones with quartz veining and significant old workings to the south. Drilling to depths of 90 m -- 122 m (300 to 400 feet) is expected to test for vertical continuity. Didnt look particularly good but still up another 3% yesterday Link to comment Share on other sites More sharing options...
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