Vancouver, British Columbia, Canada. October
20th, 2008. Columbus Silver Corporation (CSC: TSX-V) ("Columbus
Silver" or the "Company") is pleased to announce that it has
commenced a Phase I drilling program at its 100% controlled Silver Dome
Project (the "Property"), located 72 kilometers
(km) (45 miles)
northwest of Delta, Utah.
The program will consist of up to approximately 3,050 meters (m) (10,000 feet (ft))
of reverse circulation (RC) drilling in up to 20 holes.
Drilling at Silver Dome is designed to test the volume and extent of
silver mineralization hosted in Ordovician sandstones. Surface sampling and
geological mapping indicate silver occurs in both high-grade structures
where values up to 3,080
grams per tonne (g/t) (90 ounces per ton
(opt)) silver have been obtained across 1 to 1.2 m (3 to 4 ft) widths, and also as
lower grade zones where values between 17.4 and 102.8 g/t (0.5 and 3.0 opt)
silver are disseminated for widths up to 22.9 m (75 ft) from the
structures, possibly along bedding. Angle drill holes will be placed along
known structures at surface, and also down dip under shallow gravel cover
north, west, and south of the mineralized surface showings. Geophysics
indicates that the shallow gravel cover interpreted to be 15.2 to 30.5 m (50-100 ft) in depth may
extend as much as 2.4 km
into the valley.
Drilling is also planned to test the margins of a circular magnetic
anomaly, discovered by a recent ground magnetic survey. The anomaly is
interpreted to represent a blind, buried intrusive rock, cutting Paleozoic sedimentary rocks. The strong magnetic
anomaly is 2.4 km
in diameter, and centered approximately 1.6 km (1 mile) southwest of the
surface silver showings. Geophysics indicates that the gravel cover in the
area of the anomaly is approximately 15.2 to 30.5 m (50-100 ft) in depth. Significant
zinc mineralization, along an intrusive margin, has been encountered 3.2 km (2 miles) north of
Silver Dome, at the Crypto Deposit currently being drilled by Lithic Resources. Copper and molybdenum deposits are
also known to be associated with intrusive rocks in the region.
Andy Wallace is a Certified Professional Geologist (CPG) with the
American Institute of Professional Geologists and is the Qualified Person
under NI 43-101 who has reviewed and approved the technical content of this
news release. Mr. Wallace is a VP of Columbus Silver's U.S. subsidiary and
a partner of Cordilleran Exploration Company ("Cordex"),
which is conducting exploration and project generation activities for
Columbus Silver Corporation is a silver exploration and development
company operating in the Western United States.
The Company has an experienced management group with a strong background in
all aspects of the acquisition, exploration, development and financing of
Columbus Silver's project activities are managed on an exclusive
basis by Cordilleran Exploration Company (Cordex),
owned and operated by John Livermore and Andy Wallace who have a long and
successful history of discovery and mine development in the United States.
Columbus Silver maintains active generative (prospecting) and evaluation
programs and currently controls a 100% interest in 5 silver properties in Utah, Arizona, and Nevada.
ON BEHALF OF THE BOARD,
Robert F. Giustra
President & CEO, Director
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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