Drilling Confirms and Extends Mineralized Zone At Weepah Project

 

VANCOUVER, BC - Columbus Gold Corporation reported that assays have been received for four of eight holes from a drilling campaign currently underway at its Weepah gold project in Nevada were joint-venture partner Sniper Resources Ltd., can earn an initial 51% interest by undertaking staged annual exploration expenditures.

The Weepah gold project is located approximately 20 miles west-southwest of Tonopah, Nevada, in Esmeralda County. Weepah is immediately adjacent to an historical open pit gold mine with past production from an open pit along a steep, northerly structure cutting Precambrian sedimentary rocks. Mining was first conducted there in the 1930s. During the 1980s, Sunshine Mining Company enlarged the pit and hauled the ore to a mill at the nearby 16-to-1 Mine which they were then operating.

Sniper reported that a 1,630 ft Phase I angle drilling program comprising 8 shallow reverse circulation holes was completed on February 25th. The goal of the drilling is to extend and confirm continuity of the mineralization drilled early in 2011 by Columbus Gold. Results of the first four holes WP-19, WP-21, WP-22 and WP-23 in the current program, all returned significant gold intercepts and are highly encouraging. According to Sniper, initial (not yet verified) results appear to confirm the interpretation of, and extend the mineralized zone that was encountered in Columbus holes WP-05 to the north and southwest, in WP-04 to the west and in WP-08 to the southwest. True thicknesses and orientation of the gold mineralization are undetermined at this time but Sniper reports that the results justify further work.