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Columbus Silver Corporation announced that its ongoing prospecting program has resulted in the staking of two highly prospective silver properties in Nevada, bringing its total silver portfolio to 8 projects.
The Hoyt Canyon Project is located approximately 95 km (60 miles) east of Fallon, Nevada, in the Clan Alpine Range. Columbus recently staked claims at Hoyt Canyon covering silver showings with subordinate gold. The Hoyt Mine, included in the claim block, has recorded historical production from the early 1900's of several hundred thousand ounces of silver and 43 tons of antimony. Initial sampling of structural zones on the claim block returned values of silver from nil to 1,213 g/t (35.4 opt). Silver ranging from nil to 566 g/t (16.5 opt) and from nil up to 3.183 g/t (0.093 opt) gold occurs at the Hoyt Mine in shear zones with quartz veining cutting Triassic limestones, siltstones, and sandstones. An additional target at Hoyt Canyon includes a large covered area on strike of the Hoyt Mine structure. The only exposure in the covered area is an old bulldozer trench exposing altered rocks containing from nil to 0.53 g/t (0.014 opt) gold and anomalous silver. The project area has never been drilled. Columbus plans to carryout geologic mapping, a thorough sampling program to better define the mineralization in the Hoyt structure, and float chip sampling in the covered area; with the aim of delineating drill targets.
The General Thomas Project is located 20 km (13 miles) southwest of Tonopah, Nevada, in Esmeralda County. The General Thomas Mine had unrecorded production from 1910 to 1921. Columbus recently staked claims centered approximately 800 meters (500 ft) northwest of the General Thomas Mine where reconnaissance sampling yielded silver values ranging from 34.28 to 788.6 g/t (1.0 to 23 opt) silver in shale and hornfels of the Cambrian Harkless Formation. Numerous dikes and sills are also present and regional magnetic surveys indicate the area lies on a broad magnetic high, probably reflecting an igneous intrusive body at depth. There has been no drilling on the claims. Columbus plans to carryout a program of thorough sampling and geological mapping to define the highest priority drill targets.
Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is the Qualified Person under NI 43-101 who has reviewed and approved the technical content of this news release. Mr. Wallace is a VP of Columbus Silver's U.S. subsidiary and the principal of Cordilleran Exploration Company ("Cordex"), which is conducting exploration and project generation activities for Columbus Silver.