The Summit Project consists of 315 mineral claims, covering approximately 5,950 acres (9.3 square miles), along the northern and eastern flanks of the Pequop Range, fourteen miles east of Wells, Nevada. The claims are staked in an area of Nevada known as the "checkerboard" where every other square mile is private, therefore Columbus' claims cover the intervening federal lands, between the private parcels. Subject to net smelter royalties, Columbus owns a 100 percent interest in the project.
The claims were staked in response to the November 2005 announcement of the discovery drill holes of good grade, Carlin-type gold mineralization by AuEx Ventures, Inc., at their Long Canyon anomaly. Columbus' claims are positioned to cover either outcropping Lower Paleozoic sedimentary rocks similar to the host rock at Long Canyon, or shallow pediment along strike of structures trending to the Long Canyon area.
The ground was snow-covered when staked, but a few grab samples collected during staking indicate low gold (to 180 ppb Au) and anomalous arsenic values in hydrothermally altered rocks on Columbus' claims. Geologic mapping, geochemical sampling, and geophysical surveys are currently underway.
