Columbus Gold Corp CGTFF

CGT - FYI

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News Releases

Columbus Announces High-Grade Gold Discovery at Maripa Project, French Guiana

October 31, 2019

https://www.columbusgold.com/news/english/2019/columbus-announces-high-grade-gold-discovery-at-maripa-project-french-guiana/

 

Vancouver, BC, Canada, October 31st, 2019. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) (“Columbus”) is pleased to announce a high-grade gold discovery at the Maripa gold project (“Maripa”) located in French Guiana. Columbus has an option to acquire up to a 70% interest in Maripa.

• Prospecting by Columbus identified numerous artisanal mine workings 800 metres to the south of the past producing Changement mine, located within the northern part of the Maripa property;

• Sampling of stockpiles extracted from the mine workings returned 15 assay values above 1 g/t gold, including 7 high-grade values of 115.70, 42.60, 15.51, 83.48, 14.70, 68.43 and 29.57 g/t gold; and

• The newly identified gold mineralised zone is interpreted to be distinct from the Changement mine and remains completely unexplored.

Rock Lefranois, President & CEO of Columbus, commented“Field work in the Filon Dron and Changement areas in the last few months has already uncovered two new gold mineralised structures with high-grade potential. The initial work confirms that the local geological setting is highly prospective and underexplored”....

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