Columbus Gold Completes Strategic Transactions at its Bolo Gold Project

Columbus Gold (TSX:CGT) has reported the completion of two land transactions at its 100 percent owned Bolo gold project in Nevada.
As quoted in the press release:

Columbus controls 10 projects in Nevada of which Eastside is the clear and principal priority. As a result of the recent transactions announced herein, a drill program is being considered for 2017 at the Bolo gold project.
Bolo is a Carlin-type gold and silver project, where surface sampling has defined widespread gold mineralization, associated with jasperoids and iron-stained structures, along two parallel north-south trending faults known as the Mine Fault and the East Fault. Alteration along the Mine Fault has been traced for 2,750 meters along strike, with surface gold in outcrop sampling from anomalous to 5.18 g/t gold. The East Fault has been mapped for 2,200 meters of strike with values from anomalous to 4.7 g/t gold. Gold mineralization in the South Zone of the Mine Fault is logged as oxide and is Carlin-type, associated with weak silicification and decalcification of Paleozoic sedimentary rocks. Preliminary metallurgical testing indicates the gold is amenable to cyanide recovery.

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