Commencement of Drilling at Mogollon Silver-Gold Project
The Mogollon Project covers an extensive, silver-gold bearing epithermal vein field with reported historic production, largely from the Little Fanney and Last Chance mines during the period 1905 to 1925, and the Consolidated Mine from 1937 to 1942, of 15,700,000 ounces silver and 327,000 ounces gold from approximately 1.7 million tons (1.5 million tonnes) of ore. There are two sets of veins at Mogollon, an east-west set represented by the productive Little Fanney and Last Chance veins, and a north-south set represented by the Queen vein developed in the Consolidated Mine.
The current drilling program at Mogollon will consist of 7,500-8,000 ft (2,286-2,438 meters) in up to 14 diamond core holes and will test the east-west trending Independence-Ida May and Anna E veins. The highly prospective east-west veins have near-surface characteristics similar to the historically productive Little Fanney and Last Chance veins at Mogollon but have only been explored by shallow workings.
Columbus Silver maintains active generative (prospecting) and evaluation programs and currently controls a 100% interest in 8 silver properties in
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