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Bolo Property
The Bolo Property consists of 83 mineral claims, covering approximately 1715 acres. Subject to net smelter returns royalties, Columbus Gold owns 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. Bolo has had limited previous drilling by Chevron and USMX. 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 a sampling program have recently been completed. 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. A program of 27 drill holes is being permitted and drilling is planned for the Spring of 2007.
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