Thursday, February 4, 2010

Mogollon Project Back Up And Running

Mountain Mail Reports

Drilling has begun in Mogollon by Columbus Silver Corporation, focusing on the Independence-Ida May and Anna E veins.
The drilling program commenced four weeks ago at Columbus Silver's 100 percent controlled Mogollon silver-gold project.
The Mogollon Project covers an extensive, silver-gold bearing vein field with reported historic production, largely from the Little Fanney and Last Chance mines during the period 1905 to 1925, and the Consolidated Mine from 1937 to 1942, of 15.7 million ounces silver and 327,000 ounces gold from approximately 1.7 million tons of ore.
There are two sets of veins at Mogollon, an east-west set represented by the productive Little Fanney and Last Chance veins, and a north-south set represented by the Queen vein developed in the Consolidated Mine.
The current drilling program at Mogollon will consist of 7,500-8,000 feet deep, in up to 14 diamond core holes and will test the east-west trending Independence-Ida May and Anna E veins.
The highly prospective east-west veins have near-surface characteristics similar to the historically productive Little Fanney and Last Chance veins at Mogollon but have only been explored by shallow workings.
Columbus Silver is a silver exploration and development company operating in the Western United States possessing an experienced management group with a strong background in all aspects of the acquisition, exploration, development and financing of mining projects.
Columbus Silver's project activities are managed on an exclusive basis by 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 prospecting and evaluation programs and currently controls a 100 percent interest in eight silver properties in Utah, Arizona, New Mexico and Nevada.
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