Colombia Crest Gold receives high-grade sample results at El Retiro target
Tuesday, Jan 15, 2013Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX VENTURE:CLB)(PINKSHEETS:ECRTF)
"These samples are very promising gold grades for stream sediment sample results, guiding us to further explore this area of the Fredonia project this year. We saw occurrences of high-grade vein gold in this portion of the Fredonia Project (up to 8.25 grams per tonne gold; see news release, December 20, 2010), and these new results indicate the mineralized area is much larger than previously thought," commented Hans Rasmussen, President and CEO. "Stream sediment sampling is our most effective first-pass tool in this area of Colombia because it allows our crews to samples large areas efficiently. Stream sediments are basically the eroded, dispersed version of the same rock coming from upstream somewhere - the next step is to find the bedrock source of the gold."
Over the past year, the Company has mainly focused on exploring the Arabia target where geophysics combined with outcropping gold-mineralized porphyry rock gave the team a starting point on the property. Because the phase 1 drilling has been completed at Arabia, the geologic team now has time to evaluate some of the other targets in the 30,000 hectare Fredonia land package, including the Garrucha target and the newly-sampled El Retiro target area described above.