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Bolo Property
The Bolo Property consists of 169 mineral claims, covering approximately 3,493 acres. Subject to net smelter return royalties, Columbus Gold controls a 100% interest in the Property.
Carlin-style gold mineralization is the target at Bolo where values from 0.010 to 0.15 opt gold can be obtained from jasperoids and iron-stained structures cutting Cambrian and Ordovician sedimentary rocks, along two parallel north-south trending faults know as the Mine Fault and the East Fault. Bolo has had very limited previous drilling by Chevron, USMX and Canerta in the 1970's and 1980's. Almost all the drill holes were less than 150 feet in depth. Several of the holes had ore grade intercepts particularly along the Mine Fault (best was 60 feet of O.042 opt Au from surface).
Geologic mapping and sampling is ongoing at Bolo. The best gold values are along the Mine Fault Zone and the East Fault Zone. Alteration along the Mine Fault has been traced for 9,000 feet along strike, with surface gold values ranging from anomalous to 0.12 opt Au. The East Zone can be mapped for 7,200 feet of strike with values from anomalous to 0.15 opt Au. Historic drilling was concentrated along the southerly 1000 feet of the Mine Fault, and the East Fault is essentially undrilled.
Both these fault zones are excellent drill targets and are essentially untested. The program commenced Nov 1st 2007 and will consist of up to 4,572 metres (m) of reverse circulation (RC) drilling in 20 to 25 holes. Permitting is in place for a second phase of drilling if results from Phase I are favorable.
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