The Eastside Property is located approximately 40 km (25 miles) west of Tonopah, Nevada.
Eastside is 100% controlled by Columbus Gold, subject to underlying royalties.
Sampling (530 samples) of outcrop from Eastside yielded gold values from nil up to 7.95 g/t (0.23 opt) over 900 m (3,000 ft) of strike length along a northerly-trending zone of silicified breccia. Most of the samples exceeded 0.15 g/t (0.004 opt) gold with several areas running from 0.8 to 3.5 g/t (0.02 to 0.10 opt) gold.
There is one adit and a few prospect pits scattered across the property. There are three historic drill holes on the east margin of the property, but none tested the mineralization identified in the sampling.
Columbus Gold completed a Phase I drilling program in early 2011 consisting 12 holes totaling 2,125 m (7,405 ft). The best result was in drill hole ES-4 which intersected 13.6 m of 2.42 g/t Au at a depth of 157.6-171.2 m (45 ft of 0.070 opt Au from 520-565 ft), including 6 m of 5.17 g/t from 165.2-171.2 m (20 ft of 0.151 opt from 545-565 ft) and 1.5 m of 12.90 g/t from 166.7-168.2 m (5 ft of 0.337 opt from 550-555 ft). The gold zone drilled in hole ES-4 is interpreted to be open in all directions.
Columbus has added thirty new claims to the north in order to cover possible strike extensions and is carrying-out a detailed mapping program in the area of ES-4, which will likely be followed with supplemental geophysical surveys. Phase II drilling will focus on extending the gold mineralization cut in ES-4, and also testing the undrilled margins of other rhyolite domes on the property. Columbus has received drill permits for a Phase II drill program at Eastside.
Gold mineralization at Eastside is localized in quartz veins and stockworks associated with a group of four separate rhyolite flow-dome complexes, each ranging from 400 to 700 m in diameter. Gold is hosted both in the rhyolite and in the adjacent wall rocks, which consist of layers of Tertiary andesitic tuffs, andesitic lahars, and felsic tuffs and tuff breccias. The rhyolite itself, particularly where intrusive, is highly anomalous in gold. For example, drill hole ES-4 cut 400 ft of highly anomalous rhyolite (+100 ppb gold on average, ranging from 45-286 ppb Au over the entire 400 ft) before striking the best grades, reported above, in the adjacent andesitic tuffs.
Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is the Qualified Person under NI 43-101 who has reviewed and approved the technical content of this project description. Mr. Wallace is the President of Columbus Gold and the principal of Cordilleran Exploration Company ("Cordex"), which is conducting exploration and project generation activities for Columbus Gold on an exclusive basis.
