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White Horse Flats Property
The White Horse Flats Property is located 43 km (27 miles) south of Wendover, Nevada. The property is 13 km (8 miles) east of the Kinsley Mine, which produced approximately 400,000 ounces of gold from a Carlin-type deposit mined by Cominco in the mid-1980's. Subject to net smelter returns royalties, Columbus Gold controls a 100% interest in the property.
White Horse Flats covers three small hills and the surrounding pediment to the east. Exposures on the three hills are limestones and siltstones of Permian age, overlain by a cap of silicification. The silicification forms a discontinuous north to south belt approximately 2,130 meters long and up to 150 meters wide (7,000 ft long and up to 500 ft wide). Silicification varies from weak to strong with common liesegang banding and is almost everywhere anomalous in gold (from 30 to1,817 parts per billion gold), associated with anomalous arsenic, antimony, and mercury. The altered section is thought to dip east under shallow gravel cover and the property is positioned to cover this target. The mineralization is Carlin-type.
Detailed surface sampling by Columbus delineated a significant area approximately 165 m long and 60 m wide (550 ft long and 200 ft wide) yielding 16 samples ranging from 0.32 to 1.82 g/t gold. The zone which is covered with alluvium on its north and east sides presents an excellent target for drilling.
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