Shipments to Canada ahead
Columbus Golf Corporation has announced it has acquired three mining sites in the Mahogany Hills, also known as the Mountain Boy Range in southern Eureka County.
The Canadian corporation, which also mines in French Guiana, acquired sites at Combs Peak, Antelope and North Brown Gold Projects.
The corporation issued a prepared statement that said the three sites bring “its total gold property portfolio in Nevada to 26, covering approximately 37,000 acres. … When Columbus Gold acquired Stevens Basin (where drilling by joint-venture partner Navaho Gold is ongoing), it was recognized that the greater Mahogany Hills area, west and southwest of Eureka, Nevada, presented a favorable geologic setting for Carlin-type gold deposits.” The Carlin trend, a belt of gold deposits in northeastern Nevada, is of such richness that in the mining industry its name has been attached to sediment-hosted, disseminated gold deposits—a “Carlin–type gold deposit.”
The investment news site Proactive Investors reported, “The Vancouver-based company has 12 of its 26 Nevada gold projects joint ventured to both major and junior mining companies, including Agnico-Eagle Mines. Shares for the company gained 5 percent or 40 cents to trade at $0.840” after the Nevada announcement.