Awakening Project
The Awakening Property consists of 140 mineral claims, covering approximately 2,893 acres, located 45 miles (72 km) north-northwest of Winnemucca, Nevada. Subject to net smelter returns royalties, Columbus Gold controls a 100% interest in the property.
The Awakening District produced 26,262 ounces of gold from 1914-1963, largely from the Jumbo Mine. Gold mineralization on the east side of the district occurs with narrow quartz veins cutting Mesozoic shale and sandstone. The mines on the east side of the district are best known for small but often very high-grade "pockets" of gold ore; recent drilling however has identified a new type of discovery in the district with broad zones of low grade mineralization in quartz stockworks, potentially minable by open pit.
The property was recently explored with a series of excavator trenches followed by the drilling of six rotary holes in January 2008 as reported below. Columbus confirmed the drill results by re-logging the drill holes and verifying the assay results, by both the duplicate assaying of pulps and also by assaying separate splits of cuttings taken at the rig. In addition, preliminary metallic screen assaying of cuttings, available from only one hole (ABZN), indicates the potential to significantly upgrade gold values in both high and low grade samples. Metallic screen assaying of the other holes is in progress.
The Awakening Property is centered in an area of considerable exploration. XCal is drilling at the Sleeper Mine to the northwest; Evolving Gold is planning a drill program to the west; and, Newmont is earning into Fronteer's Sandman Project to the east-southeast.
Columbus Gold has 24 drill sites permitted and bonded. A geologic mapping and geophysical program is in progress. Drilling by Columbus is expected to start in June 2008.
Results from the six holes drilled in January 2008 are as follows:
Drill hole |
Depth |
Depth |
Orientation |
From |
To |
Interval |
From |
To |
Interval |
Au |
|
(ft) |
(m) |
|
(ft) |
(ft) |
(ft) |
(m) |
(m) |
(m) |
(g/t) |
ABZD |
540* |
164.6 |
Vertical Hole |
90 |
120 |
30 |
27.4 |
36.6 |
9.1 |
1.04 |
|
|
|
|
170 |
230 |
60 |
51.8 |
70.1 |
18.3 |
0.37 |
|
|
|
|
240 |
250 |
10 |
73.2 |
76.2 |
3.0 |
1.06 |
|
|
|
|
250 |
275 |
25 |
76.2 |
83.8 |
7.6 |
0.54 |
|
|
|
|
365 |
420 |
55 |
111.3 |
128.0 |
16.8 |
1.68 |
|
|
|
|
420 |
435 |
15 |
128.0 |
132.6 |
4.6 |
0.42 |
|
|
|
|
500 |
515 |
15 |
152.4 |
157.0 |
4.6 |
0.39 |
|
|
|
|
530 |
540 |
10 |
161.6 |
164.6 |
3.0 |
0.39 |
| *Hole bottoms in subgrade but highly anomalous values. |
ABV |
330* |
100.6 |
Angle hole |
145 |
180 |
35 |
44.2 |
54.9 |
10.7 |
1.45 |
|
|
|
|
195 |
240 |
45 |
59.5 |
73.2 |
13.7 |
0.70 |
|
|
|
|
305 |
315 |
10 |
93.0 |
96.0 |
3.0 |
0.35 |
| *Hole bottoms in subgrade but highly anomalous values. |
ABZN |
220 |
67.1 |
Vertical Hole |
95 |
100 |
5 |
29.0 |
30.5 |
1.5 |
24.1 |
|
|
|
|
175 |
180 |
5 |
53.4 |
54.9 |
1.5 |
0.50 |
|
|
|
|
190 |
195 |
5 |
57.9 |
59.5 |
1.5 |
3.31 |
APB |
80 |
24.4 |
Angle hole |
65 |
75 |
10 |
19.8 |
22.9 |
3.0 |
0.75 |
ABZ |
170 |
51.8 |
Angle hole |
155 |
160 |
5 |
47.3 |
48.8 |
1.5 |
2.44 |
AMB |
180 |
54.9 |
Vertical Hole |
5 |
10 |
5 |
1.5 |
3.0 |
1.5 |
0.44 |
|
|
|
|
30 |
35 |
5 |
9.1 |
10.7 |
1.5 |
0.90 |
|
|
|
|
65 |
70 |
5 |
19.8 |
21.3 |
1.5 |
0.43 |
|
|
|
|
105 |
115 |
10 |
32.0 |
35.1 |
3.0 |
0.50 |
|
|
|
|
130 |
135 |
5 |
39.6 |
41.2 |
1.5 |
1.22 |
| 
