Infill Drill Program Completed At Montagne d'Or

 

VANCOUVER, BC - Columbus Gold Corp. reported the completion of the 2015-2016 resource development drilling program on its 100%-owned Montagne d'Or gold project, French Guiana. The program amounted to 62 drill holes, for a total of 6,580 meters, designed to upgrade a portion of the Indicated resources to the Measured category as part of the on-going Bankable Feasibility Study. Twenty-seven (27) holes were completed in the principal UFZ zone and thirty-five (35) in the secondary LFZ zone.

The 2015-2016 infill drilling program was designed to upgrade a portion of the Indicated resources to the Measured category with a 50-meter by 25-meter drill array over a strike extent of 550 meters and to a maximum vertical depth of 125 meters, within the anticipated starter pit (west section). The program was successful in confirming the excellent continuity to the gold mineralized zones and the higher grades within the west section of the deposit.

The Montagne d'Or deposit consists of closely-spaced sub-parallel east-west-striking and steeply south-dipping gold-sulfide mineralized horizons. The deposit is presently drill-defined over a strike extent of 2,300 meters and to an average depth of 250 meters from surface. The mineralized zones remain open on strike to the west and at depth. Utilizing a cut-off grade of 0.4 g/t gold, the deposit hosts Indicated mineral resources of 83.2 million tonnes grading 1.45 g/t gold (3.9 million ounces) and Inferred mineral resource of 22.4 million tonnes grading 1.55 g/t gold (1.1 million ounces).