The Hoyt Canyon Project is located approximately 95 km (60 miles) east of Fallon, Nevada, in the Clan Alpine Range. Subject to net smelter royalties, Columbus controls a 100% interest in the property.
Columbus recently staked claims at Hoyt Canyon covering silver showings with subordinate gold. The Hoyt Mine, included in the claim block, has recorded historical production from the early 1900's of several hundred thousand ounces of silver and 43 tons of antimony. Initial sampling of structural zones on the claim block returned values of silver from nil to 1,213 g/t (35.4 opt). Silver ranging from nil to 566 g/t (16.5 opt) and from nil up to 3.183 g/t (0.093 opt) gold occurs at the Hoyt Mine in shear zones with quartz veining cutting Triassic limestones, siltstones, and sandstones. An additional target at Hoyt Canyon includes a large covered area on strike of the Hoyt Mine structure. The only exposure in the covered area is an old bulldozer trench exposing altered rocks containing from nil to 0.53 g/t (0.014 opt) gold and anomalous silver.
The project area has never been drilled. Columbus plans to carryout geologic mapping, a thorough sampling program to better define the mineralization in the Hoyt structure, and float chip sampling in the covered area; with the aim of delineating drill targets.