Fifty-six claims have been staked by Columbus Gold at the Chaos Creek Property, located 129 km (80 miles) northeast of Tonopah, Nye Co., Nevada.
Reconnaissance sampling by Columbus Gold in altered Tertiary volcanic rocks yielded gold values up to 0.30 g/t. Government mapping programs have suggested this area consists of nested volcanic centers and calderas.
Detailed geologic mapping and sampling are in progress. Columbus Gold is focusing on structural zones, up to 600 meters (2,000 feet) long, marked by barite veins containing oxidized sulfide casts that have recently been discovered on the claim block. Assays are pending on this material. The property has never been drilled.
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.