Columbus Gold Commences Drilling at Eastside Gold Project, Nevada

Columbus Gold (TSX:CGT)(OTCQX:CBGDF) (“Columbus”) is pleased to announce that it has initiated a 12 hole 3,700 meter RC drill program at Target 5 at its Eastside gold project in Nevada. Target 5 is located about 8 km (5 miles) south of the Original Zone where Columbus announced an initial NI 43-101 pit-constrained Inferred resource estimate consisting of 35,780,000 tonnes grading 0.63g gold equivalent per tonne, for a total of 721,000 ounces1 of gold equivalent (using a cut-off grade of 0.15g gold per tonne and a gold/silver ratio of 60:1). Eastside also hosts an historical resource of 11,177,761 tons grading 0.024 ounces gold per ton (0.82g gold per tonne) for a total of 272,153 ounces2 gold.
As quoted in the press release:

Eastside gold mineralization occurs in a discrete package of overlapping, rhyolite flow dome complexes which were emplaced and/or erupted 7.2 million years ago. These flow dome complexes are confined to an outcrop belt about 3.2 km (2 miles) wide and 11.2 km (7 miles) long which is completely enclosed in Columbus Gold’s claim block. Detailed mapping and sampling of the entire claim block by Columbus geologists has yielded numerous targets at Eastside.

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