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Columbus announces high-grade gold discovery in French Guiana

31st October 2019

By: Creamer Media Reporter

     

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Vancouver-based Columbus Gold on Thursday announced a high-grade gold discovery at the Maripa project, in French Guiana.  

Columbus has an option to acquire up to a 70% interest in Maripa from Canada’s Iamgold.

Prospecting has identified numerous artisanal mine workings 800 m to the south of the past-producing Changement mine, located within the northern part of the Maripa property. Columbus noted that sampling of stockpiles extracted from the mine workings returned 15 assay values above 1 g/t gold, including seven high-grade values of 115.70 g/t, 42.60 g/t, 15.51 g/t, 83.48 g/t, 14.70 g/t, 68.43 g/t and 29.57 g/t.

The newly identified gold mineralised zone was interpreted to be distinct from the Changement mine and remained completely unexplored.

"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,” said president and CEO Rock Lefrançois.

Maripa adjoins to the south the Boulanger project being developed by Reunion Gold, where a recent high-grade gold discovery was reported.

Columbus also holds a major interest in the Montagne d'Or gold deposit, where a proposed openpit mining operation will produce 237 000 oz/y at an average all-in sustaining cost of $749/oz.

Edited by Mariaan Webb
Creamer Media Contract Publishing Editor

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