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Columbus Gold Corporation

09:46 AM EST - Columbus Gold Corporation : reported on the progress of the Phase II diamond drilling campaign currently underway at its Montagne d'Or gold deposit, Paul Isnard Project, French Guiana. In all, 47 drill holes (106 to 152) have been completed, for a total of 5,900 metres, as part as of a 26,600-metre (135 holes) drilling program. In addition, six large diameter HQ-calibre core holes (1,000 m) were completed for detailed metallurgical testing as part of a preliminary economic assessment study (PEA). A second track-mounted diamond drill rig has been shipped from Canada and is expected to arrive on site in May with the aim of completing the Phase II program in September. Columbus Gold Corporation shares V.CGT are trading unchanged at $0.46.