Columbus Gold Identifies Four New Targets at Eastside Gold Project, Nevada; Samples up to 24 g/t Gold - Seite 2

About 175 outcrop and float samples have been collected in New Target 1 with gold values ranging from anomalous to 12.3 g/t gold. Twenty eight of the samples assay greater than 0.5 g/t gold. Trace elements coinciding with the gold anomaly are arsenic (0-335 ppm), antimony (0-38 ppm), silver (0-93 ppm), and molybdenum (0-2688 ppm).

This anomaly has not been drill tested, however it will be targeted with drilling commencing in 2015. This very long anomaly has the potential to host gold and silver mineralization of significant size.

New Target 2

New Target 2 is a 1 km (0.62 mi) long anomaly. The northernmost end of New Target 2 is 500 meters (1,640 ft) south of the southernmost drill hole in Columbus' 2013 drilling at the Original Target, and is likely a southern extension of the Original Target. New Target 2 is associated with silicification of rhyolite tuffs along the western margins of a series of rhyolite domes. Eighty (80) float and outcrop samples have been collected in New Target 2 yielding anomalies in gold (anomalous to 0.6 g/t gold), arsenic (0-600 ppm), antimony (0-19 ppm), and molybdenum (0-32 ppm). Silver values in surface sampling are negligible in New Target 2, much as they are in the Original Target.

New Target 2 has not been tested by drilling.

New Target 3

Sampling is just beginning at New Target 3. Two initial samples yielded significant values - one ran 24 g/t gold and 354 ppm silver, and the second ran 1.04 g/t gold and 23 ppm silver. Both samples were of narrow veins (about 1 foot wide) cutting altered dacite and dacite tuffs. The veins have banded quartz, with some bands of quartz replacing calcite. Argillic alteration and iron-staining are common in the area.

Detailed sampling is currently in progress. New Target 3 has not been tested by drilling.

New Target 4

New Target 4 is a geophysical target located just 150 meters (492 ft) north of the Original Target drilled by Columbus in 2013, in an area thought to have 2 to 10 meters (6.5 to 33 ft) of gravel cover. CSAMT geophysical data indicates the presence of a buried rhyolite dome, likely the same as the rhyolite domes 200 meters (656 ft) south which are known from Columbus 2013 drilling to host significant gold mineralization. The buried rhyolite dome appears to be at least 200 meters (656 ft) in diameter and its top likely lies 50 - 75 meters (164 - 246 ft) below the surface.