Columbus Completes Drilling at Awakening

VANCOUVER, BC - Columbus Gold Corporation reported that it has completed drilling at its Awakening Property and has commenced a Phase II drilling program at its Bolo gold project. Both projects are located in Nevada and, subject to underlying royalties, are 100% controlled by Columbus Gold.
Columbus Gold has completed 12 RC holes at Awakening totaling approximately 6,265 feet (1,910 meters). The drill has been moved to the Company's Bolo Property where 33 drill sites have been permitted and drilling has commenced in a 12 hole Phase II drilling program totaling approximately 6800 ft (2060 m).
The 19 hole, 9,890 ft. Phase I drilling program completed at Bolo in December 2007 combined with surface sampling and mapping, has confirmed the presence of a large Carlin-type mineralized system present over an area of at least 6 sq. miles. Fifteen of the 19 holes completed intercepted anomalous gold values; however, due to difficult drilling conditions several holes were abandoned while still in alteration, prior to reaching planned target depth. Detailed logging of the drill holes suggests that the Company may have missed several important structures in its original surface mapping program as the gold grades encountered were significantly lower in the drill results than from surface sampling.
Additional geologic mapping and geophysical programs consisting of ten line miles of CSAMT surveying and a ground magnetic survey have been completed and interpreted. The geophysical surveys indicated conductive rock in undrilled areas and, combined with the magnetic surveys and new mapping, have assisted in identifying cross-structures which may be controlling better grade. The Phase II drilling program is designed to 1) intercept these important cross-structures; 2) determine the nature of the conductive anomalies; and, 3) offset areas of open mineralization cut in Phase I drilling.
The company's address is Suite 910 - 475 Howe Street, Vancouver, BC V6C 2B3, 604-689-2599, fax: 604-689-3609, email: [email protected].