Columbus Gold Commences Drilling At Dutch Flat Gold Project, Nevada
Vancouver, British Columbia, Canada. September 11, 2006. Columbus Gold Corporation (CGT: TSX-V) ("Columbus Gold" or the "Company") is pleased to announce that drilling has commenced on its Dutch Flat gold Property, located in the Battle Mountain Gold Trend, Nevada.
Subject to net smelter royalties, Columbus Gold currently owns a 100% interest in Dutch Flat. Piedmont Mining Company ("Piedmont") can earn a 51% interest in the property by funding US$2 million in exploration expenditures. The current program, fully funded by Piedmont and operated by Columbus, will consist of approximately 1,000 m (3,000 feet) of reverse circulation drilling in 18 shallow holes.
The Dutch Flat Property consists of 114 unpatented mineral claims, covering approximately 950 hectares (2,355 acres), centered in the historic Dutch Flat Mining District, located approximately 32 kilometres (20 miles) northeast of the town of Winnemucca, Humboldt County.
The project claims cover the entire historic Dutch Flat mining district which had modest production of gold from both lode and alluvial sources during the early to mid 1900's. Modern exploration, principally drilling totaling approx. 4,400 metres (m) (14,381 feet) in 49 holes, was carried out by Amax and Brican Resources Ltd., in the 1980's. This work outlined a broad zone of low-grade gold mineralization (averaging approximately 0.28 g/t (0.01 ounces per ton (opt)) traceable for approx 1,200 m (4,000 feet), along the southeast margin of the Dutch Flat granite. The zone is open in both strike directions and at depth. Surface sampling by Columbus has returned higher grades (up to 28 g/t or 1 opt Au) along structures which were not systematically tested or evaluated in previous programs.
ABOUT COLUMBUS GOLD
Columbus Gold Corporation is a gold exploration and development Company operating principally in Nevada. The Company has an experienced management group with a strong background in all aspects of the acquisition, exploration, development and financing of precious metal mining projects. Columbus owns 100% interests, subject to royalties, in 11 gold projects strategically located along or near Nevada's most productive gold trends and 4 non-core silver and copper projects in Arizona. The Company's project activities are managed by Cordilleran Exploration Company ("Cordex"), owned and operated by John Livermore and Andy Wallace who have a long and distinguished history of gold discovery and mine development in Nevada.
Columbus Gold maintains active generative (prospecting) and evaluation programs and, as a key element of strategy, broadens exposure, minimizes risk and maintains focus on high priority prospects while seeking industry finance through joint ventures on selected projects. The Company currently has a number of its projects joint ventured to major and junior mining companies.
ON BEHALF OF THE BOARD,
Robert Giustra
President, CEO & Director
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information contact:
Ray Lagace
Investor Relations
604-638-3474
info@columbusgoldcorp.com
