OTCQX:CGTFF - Post by User
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123buyholdhopeon Oct 23, 2019 3:01pm
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RE:RE:RE:RE:CGT - FYI
RE:RE:RE:RE:CGT - FYI Columbus Commences Airborne Geophysical Survey at Maripa Gold Project, French Guiana
Vancouver, BC, Canada, October 23rd, 2019. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) (“Columbus”) is pleased to announce the commencement of an airborne geophysical survey at the Maripa gold project (“Maripa”) located in French Guiana. Columbus has an option to acquire up to 70% interest in Maripa.
- French consultants Tellus Environment (“Tellus”) were engaged to conduct:
- a high-resolution magnetic and radiometric (U, K, Th) heliborne-borne geophysical survey;
- processing and merging of the 2018 Lidar high density digital topographic survey data and the newly acquired airborne geophysical survey data; and
- a comprehensive lineament, lithological and structural interpretation from the dataset.
- The purpose of study is to establish regional controls on gold mineralisation and continuity between the 5 partially drill-defined gold zones on the property.
- All flight authorisations were received from the French authorities.
- The equipment has arrived in French Guiana and data acquisition will commence in the next few days.
The survey will cover 256 square kilometres at a 100-metre line spacing, for total of 2,576 line kilometres, centred and extending beyond the limits of the Maripa property. Geophysics GPR International Inc. was contracted to provide the equipment and carry out data acquisition. A stinger-mounted magnetometer with a Geometrics G-823 sensor and a Pico Envirotec AGRS-5 gamma ray sensor will be flown 10 to 20 metres above the tree canopy for high-resolution geophysical data acquisition.
GLTA -
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