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Laura Property
The Laura Property consists of 13 mineral claims, covering approximately 268 acres, located approx. five kilometers southwest of the Cortez open pit gold mine and approx. three kilometers west of the new 9 million ounce Cortez Hills discovery. The Cortez Mine and Cortez Hills are owned by the Cortez Joint Venture, operated by Placer Dome. Subject to third party net smelter royalties, the Laura Property is 100% controlled by Columbus.
A gold-bearing, silicified zone in Tertiary Caetano Tuff was the original exploration target at Laura. In 1993, Heritage Petroleum did geochemical sampling and drilled six holes averaging 310 feet of depth. The drill holes bottomed in the Tertiary tuff and were not deep enough to cut the Paleozoic sedimentary rocks at depth.
The nearby discovery of Cortez Hills makes the Laura Property worthy of further exploration; at depths deep enough to test the Paleozoic rocks, hosts to the significant deposits in the region.
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