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Columbus Prepares for Drill Program on Filon Dron Target Maripa Gold Project, French Guiana

https://www.globenewswire.com/news-release/2019/09/26/1921226/0/en/Columbus-Prepares-for-Drill-Program-on-Filon-Dron-Target-Maripa-Gold-Project-French-Guiana.html

VANCOUVER, British Columbia, Sept. 26, 2019 (GLOBE NEWSWIRE) -- 
Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) (“Columbus”) is
pleased to report on activities at the Maripa gold project (“Maripa”) located
in French Guiana.  Columbus entered into an agreement in July 2018 with
IAMGOLD Corporation (“IAMGOLD”) to acquire up to a 70% interest in
Maripa.  Maripa adjoins to the south the Boulanger project being developed
by the Barrick Gold / Reunion Gold joint-venture, where a high-grade gold
discovery was recently announced.

 

The promising Filon Dron prospect, one of the five partially drill-defined
gold zones at Maripa, was prioritised for valuation and drill program
planning and scheduling:

 

• The initial discovery drilling program carried-out in 2006 at Filon Dron (7 holes, 617 metres) identified a wide gold mineralised zone of economic interest with best drill intersections of 2.45 g/t gold over 25.5 metres and 4.18 g/t gold over 36.0 metres;
   
• Several other subparallel gold mineralised zones untested by drilling are interpreted from historical surface geochemical data, defining a 1,000-metre wide north-northwest trending gold mineralised corridor;
   
• Recent prospecting by Columbus identified numerous artisanal mine workings, most located on an untested gold zone located to the west of the Filon Dron discovery zone;
   
• 30 samples of material collected from the dumps at the mine workings returned 7 values above 1 g/t gold, including 86.80, 5.92, 5.84, 2.65, 2.38, 1.62 and 1.49 g/t gold; and
   
• A core drilling program of 32 holes, for 5,130 metres, is planned and awaiting permits to commence....

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September 26, 2019 08:00 ET  | Source: Columbus Gold Corporation

 

 

VANCOUVER, British Columbia, Sept. 26, 2019 (GLOBE NEWSWIRE) -- Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) (“Columbus”) is pleased to report on activities at the Maripa gold project (“Maripa”) located in French Guiana.  Columbus entered into an agreement in July 2018 with IAMGOLD Corporation (“IAMGOLD”) to acquire up to a 70% interest in Maripa.  Maripa adjoins to the south the Boulanger project being developed by the Barrick Gold / Reunion Gold joint-venture, where a high-grade gold discovery was recently announced.

The promising Filon Dron prospect, one of the five partially drill-defined gold zones at Maripa, was prioritised for valuation and drill program planning and scheduling:

• The initial discovery drilling program carried-out in 2006 at Filon Dron (7 holes, 617 metres) identified a wide gold mineralised zone of economic interest with best drill intersections of 2.45 g/t gold over 25.5 metres and 4.18 g/t gold over 36.0 metres;
   
• Several other subparallel gold mineralised zones untested by drilling are interpreted from historical surface geochemical data, defining a 1,000-metre wide north-northwest trending gold mineralised corridor;
   
• Recent prospecting by Columbus identified numerous artisanal mine workings, most located on an untested gold zone located to the west of the Filon Dron discovery zone;
   
• 30 samples of material collected from the dumps at the mine workings returned 7 values above 1 g/t gold, including 86.80, 5.92, 5.84, 2.65, 2.38, 1.62 and 1.49 g/t gold; and
   
• A core drilling program of 32 holes, for 5,130 metres, is planned and awaiting permits to commence.