The Conversation (0)
Colombia Crest Gold (TSXV:CLB) announced that a second rig has been added to the drill program at the Arabia Porphyry Complex. The company has signed contract with AK Drilling International, S.A.S., adding a 2,000 metre minimum diamond drill program to its existing 3,000 metre drill program with Canadian Drill Corporation.
Colombia Crest Gold (TSXV:CLB) announced that a second rig has been added to the drill program at the Arabia Porphyry Complex. The company has signed contract with AK Drilling International, S.A.S., adding a 2,000 metre minimum diamond drill program to its existing 3,000 metre drill program with Canadian Drill Corporation.
As quoted in the press release:
With a second drill rig, the Company will accelerate the completion of its previously announced 5,000-metre, Phase I drill program within the Arabia Porphyry Complex. To facilitate a second rig, the Colombian environmental agency, Corantioquia, granted the Company its water pumping permit on July 13. The permit allows water to be pumped from local creeks to supply diamond drilling operations over a period of 14 months.
Hans Rasmussen, President and CEO of Colombia Crest Gold, commented:
Based on drill core logs from our first five holes at Arabia, we are eager to add a second drill rig to accelerate the program. We are really pleased by our visual observations of the core. All holes drilled to date exhibit intense hydrothermal alteration and disseminated sulfide mineralization suggesting the core intersects porphyry style disseminated gold mineralization. Each hole we drill improves our understanding of the size, zonation and intensity of the gold-rich porphyry copper system. The water pumping permit required about five months to process, and is essential for the addition of the second diamond drill rig to accelerate the program.
Click here to read the full press release.
