Columbus Gold Announces US$6.5 Million Exploration Program for Eastside Gold Discovery

Columbus Gold Corporation (TSXV:CGT,OTCQX:CBGDF) announced that it is planning to start a US$6.5 million exploration program at its Eastside gold discovery in Nevada in the second quarter of 2015. Five targets have been identified at Eastside so far, but permitting efforts will be focused on the original discovery.

As quoted in the press release:

The currently planned exploration program at Eastside in 2015 will consist of:

• Up to 39,000 meters (128,700 feet) of RC drilling in up to 150 holes at the Original Target;
• Up to 6,500 meters (21,450 feet) of RC drilling in up to 25 holes at Targets 1, and 4;
• Up to 2,600 meters (8,850 feet) of core drilling in 10 holes;
• Commencement of comprehensive metallurgical studies.

Considering the extent and size of the 2015 exploration program, Andy Wallace has resigned as a director of Columbus Gold in order to dedicate his full efforts to the advancement of Eastside on Columbus Gold’s behalf. Mr. Wallace will remain President of Columbus Gold’s Nevada subsidiary and he and his entire Cordex team will continue to operate on an exclusive basis for Columbus Gold.

Click here to read the Columbus Gold Corporation (TSXV:CGT,OTCQX:CBGDF) press release