RC Drilling Program At Eastside Gold Project

VANCOUVER, BC - Columbus Gold Corporation reported results of its summer RC drilling program at its 100% controlled Eastside gold project in Nevada.
The drill program was successful in achieving the objective of validating that oxide gold mineralization encountered in surface sampling grading up to 16 g/t gold, extends at depth in the form of zones of lower grade cloud gold mineralization that overlays zones of better-grade. The current drilling has also revealed that the zones of better-grade gold mineralization are unusually thick and much larger than previously interpreted and that they are open in all directions. In addition, many of the holes drilled into the better-grade zones bottomed in significant gold values.
Robert Giustra, Chairman and CEO of Columbus Gold, commented, "These drill results indicate that gold mineralization at Eastside is considerably more widespread than previously understood. This bodes well for a project that is located in an area with outstanding infrastructure and for which preliminary metallurgical testing suggests good recoveries."
A total of 12,298 meters (40,347 feet) was drilled in 51 holes, widely spaced over a mineralized area of at least 1,050 X 550 meters. Of the 51 holes, 46 completed or hit the intended target and of those 46 holes, all intersected gold mineralization, and 38 of them return significant gold results. In addition 17 holes bottomed in gold.
Columbus is very encouraged by the upside potential at Eastside. Planning for the next phase of drilling is in progress and will include deep core drilling to further examine gold mineralization at depth. The deeper drilling to date indicates that gold mineralization could underlay the entire drilled area and the thickness of the gold intercepts in these deeper holes makes Eastside an attractive target for large volumes of gold mineralization.