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Crestview Property
The Crestview Property consists of 27 mineral claims in the Cortez-Pipeline sector of the Battle Mountain Trend, Nevada. The property covers approximately 558 acres, lying about one mile south of the Gold Acres open pit gold mine and 1.5 miles southwest of the 10 million ounce Pipeline gold deposit. Both Gold Acres and Pipeline are operated by Placer Dome for the Cortez Joint Venture. Subject to third party net smelter royalties, the Crestview Property is 100% controlled by Columbus.
Historical exploration at Crestview includes surface sampling and four drill holes by Newmont in 1987, five drill holes by ASARCO in 1994 and two drill holes by Agnico Eagle in 2007. The drill holes collared in the upper plate of the Roberts Mountain thrust fault and penetrated metamorphosed lower plate limestones and limy siltstones at depths of 400-1050 feet. The lower plate rocks were altered in several holes, and contained low anomalous gold (to 0.015 opt gold). This well-located property is under-explored.
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