|Columbia Crest Gold Corp.|
Colombia Crest Gold Corp. (TSXV: CLB; US: ECRTF; Frankfurt: EAT) is focused on systematically exploring, developing and monetizing promising new gold projects in Colombia as well as realizing the potential of its 100% owned San Simón project in Bolivia.
In Colombia, the drill program is now underway at the two contiguous gold properties: Fredonia and Venecia. Drilling is focused on the highest priority drill targets named Arabia 1 and 2 where a mineralized outcrop displays strong indications of a porphyry gold system. Surface results from the Arabia 1 and 2 targets have included up to 3.8 grams per tonne gold in rock chip samples and 0.4 grams per tonne gold in soil samples.
Targeted exploration of porphyry gold systems continues across the 34,000 hectare land package. Porphyry-style gold systems host very large, bulk tonnage deposits that range from 2 to over 20 million ounces of gold and typically grade from 0.5 to 2 grams per tonne. The two properties are located 40 km south of the city of Medellín, within the Middle Cauca Belt — the most prolific gold belt in Colombia with over 500 years of gold-mining history and host to several new gold discoveries.
The Company employs a team of seasoned geologists, each with 20+ years of experience exploring and discovering this type of porphyry deposit around the world, including Argentina, Peru, Ecuador, Mexico, Alaska, Indonesia, and Eastern Europe.
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