OTCQX:CGTFF - Post by User
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123buyholdhopeon May 12, 2020 11:25am
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CGT Update - May 12, 2020
CGT Update - May 12, 2020Columbus Gold Provides Corporate Update
BY PR Newswire
— 9:00 AM ET 05/12/2020
VANCOUVER, May 12, 2020 /PRNewswire/ -
Columbus Gold Corp. ( CGTFF) ("Columbus" or the "Company") is pleased to provide a corporate update.
Despite the current situation stemming from the COVID-19 pandemic, Columbus has been able to adjust and keep moving forward with its objectives for 2020.
- Field work in French Guiana was suspended on March 17th and resumed on May 11th.
- At the Montagne d'Or Gold Project, the bulk of the engineering studies for committed project improvements and modifications for mine permitting progressed remotely and are expected to be completed as scheduled by mid-year.
- Prospecting in the northern half of the Maripa Gold Project continued during the first quarter. Resampling of an old trench returned a cut averaging 2.57 g/t gold over 25 meters. A new quartz-gold vein system exposed by artisanal mine workings was identified approximately 500 meters west of the Filon Dron gold zone. A best assay of 38.87 g/t gold was obtained from samples of the quartz vein material.
- Line-cutting for ground geophysical surveying is in progress at Maripa in preparation for a diamond drilling program that will commence in the third quarter.
- The priority for 2020 remains the acquisition of an additional advanced-stage gold project in South America. Several opportunities have been identified and are under evaluation.
Rock Lefranois, President & CEO of Columbus commented: "
I'm encouraged that despite the COVID-19 limitations in these challenging times, Columbus has been able to move forward with its corporate objectives, growth strategy and advancing its exploration activities."
Full report at -
https://www.columbusgold.com/news/english/2020/columbus-gold-provides-corporate-update/ GLTA -
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