CLB Colombia Crest Gold Corp

Colombia Crest Gold Corp. ("Colombia Crest"; the "Company") (TSX
VENTURE:CLB)(PINKSHEETS:ECRTF)(FRANKFURT:EAT) is pleased to announce that
initial stream sediment sampling results have established a new target area
within the existing 30,973 hectare land package, named Garrucha. The stream
sediment results have revealed two new areas with strong, anomalous gold results
in the Middle Cauca Belt, Colombia. In addition, Colombia Crest has initiated an
airborne geophysical survey over both the Arabia target area and the two newly
identified Garrucha target areas. These exploration tools will narrow down
specific areas of focus for future drill programs.


"As we continue to explore the Arabia target, the Garrucha target area located
straight south of Bellhaven's porphyry gold discovery is an exciting addition to
our program," commented Hans Rasmussen, President and CEO. "As we employ these
proven geological methods along with new geophysical technology on the property,
we will get closer to our goal of discovering an economic porphyry gold-copper
system. Most of the major discoveries found in Colombia have been initiated
through the use of stream sediment sampling, while airborne electromagnetics is
a new technology that will map porphyry alteration down to about 300 metres
below surface. By using multiple, integrated exploration techniques, we can more
effectively zero in on individual porphyry targets within the larger Arabia and
Garrucha porphyry complexes."


Garrucha Target Area

Grass roots exploration has just begun on the Garrucha targets beginning with
the current stream sediment sampling, and will be followed by soil sampling,
rock chip sampling and eventual drilling in 2013. Results of the stream sediment
sampling indicates two consecutive micro-hydrographic basins with values up to
82.9 grams per tonne gold which covers an approximate surface of 4 square
kilometres located on the north-east portion of the concession 7350B. The
anomalous Garrucha target area is located just 5 kilometres south of Bellhaven
Copper and Gold's (TSX-V: BHV) La Mina project and 25 kilometres north of
AngloGold's Quebradona Project. The two Garrucha Porphyry targets lie entirely
on two of the 16 concessions held under the Fredonia Agreement with Grupo de
Bullet (see the Company's website for more details on the property agreements).


Arabia Channel Samples - Anomalous Gold

In addition to the encouraging results at Garrucha, recent channel-chip samples
at the Arabia project have returned anomalous gold that ranges up to 0.99 grams
per tonne gold. Road-cut channels were sampled and composited over 3 metre
lengths, with a total of 227 samples collected. Highlights include a mineralized
interval of 21 metres of 0.37 grams per tonne gold, including 6 metres of 0.91
grams per tonne gold. Hole 17, being drilled now, is collared approximately 30
metres southeast of this highest-grade interval along the same road.


Airborne Z-TEM Geophysical Survey Underway

Colombia Crest has initiated a high impact tool in mineral exploration with the
use of a helicopter-borne geophysical survey for the purposes of investigating
the geophysical response over the land covering the Arabia and Garrucha Targets.
The survey areas will result in approximately 370 line kilometres at 200 metre
line spacing, flown east-west. The Z-TEM Electromagnetic (EM) system is an
innovative airborne EM system, which uses the natural or passive fields of the
Earth as the source of transmitted energy. Because of its unparalleled depth of
investigation and high spatial resolution, the Z-TEM system has a proven track
record in resolving three-dimensional resistivity structures associated with
porphyry style alteration at several field projects from Alaska to Chile. 


Final importations and field logistics are being completed for the upcoming
airborne Z-TEM geophysical survey, which will be flown by Geotech, Ltd, Toronto.


Vice President of Exploration

The Company is pleased to announce the addition of John Bolanos to the team in
Colombia as Vice President of Exploration. John Bolanos is a Professional
Geologist (B.Sc.Eng) from Ecuador and earned a Master's degree in Mining Geology
(M.Sc.) from Camborne School of Mines. He is a registered Member (Qualified
Person) of the Society of Mining, Metallurgy and Exploration of the USA (SME),
Member of the Society of Economic Geologists (SEG), Professional Geologist
Engineer (G.E.) and is fluent in Spanish and English. Having worked for Colombia
Crest as a consulting geologist since 2010, he is familiar with the project and
the geologic team. Mr. Bolanos boasts 20 years of general management,
exploration management and geological experience for Andean Gold Ltd., Ascendant
Exploration S.A, Hampton Court Resources Company and Grant Mining S.A Companies.
John began his career as Counterpart and the head Ecuadorian Geologist for the
British Mission, and has continued to dedicate his career to the exploration and
development of Ecuador. In accordance with his extensive on-the-ground knowledge
through the Americas with emphasis in South America, John was a Professor of
Geology at Central University of Ecuador. 


Mr. Bolanos replaces Pete Ellsworth in this role. The Company would like to
thank Mr. Ellsworth for his expertise and work on the project accelerating the
drill program.


Porphyry System Characteristics

Porphyry gold systems host very large, bulk tonnage deposits that range from 2
to over 20 million ounces of gold and typically grade from 0.5 to 2 grams per
tonne. Thus, major mining companies seek out porphyry deposits for their large
scale and long mine life. Investments by major mining companies have been
announced in the Middle Cauca Belt, demonstrating a growing focus on Colombia as
a source for new long-life gold mines.


Sample Analysis

All stream sediment samples were sent to the AcmeLabs Prep Laboratory in
Medellin, Colombia. The chosen preparation method was Preparation Codes SS80,
SP100, which consist of sieving up to 100 grams to -180 micron (0.18
millimetres), the fine fraction is sent to AcmeLabs in Vancouver, Canada for
additional preparation and analysis. Once in the Vancouver lab, the minus
fraction is homogenized by pulverizing in a mild-steel bowl. Once prepared, 15
grams of pulp sample are assayed by the analytical package code 1F-MS, which
corresponds to ICP mass spectroscopy (multi element package of 37 elements
including gold, silver, base metals and pathfinder elements); gold detection
limits are 0.2 parts per billion to 100 parts per million. The ICP multi-element
analysis uses aqua regia digestion prior to analysis.


All channel samples were sent to the AcmeLabs Prep Laboratory in Medellin,
Colombia. The chosen preparation method was code R200-250, which consists of
crushing the entire sample to 80% passing 10 mesh (2 millimetres), split 250
grams and pulverize to 85% passing 200 mesh (75 microns). Once prepared, 200
gram pulps are shipped to the AcmeLabs in Vancouver, Canada for analysis. Gold
was assayed under package G601 which consists of 30 grams fire assay and atomic
absorption with detection limits from 0.005 to 10 parts per million and with a
gravimetric finish for overlimits. A multi element package (1EX) of 41 elements
including silver, base metals and pathfinder elements was also analyzed using
ICP mass spectroscopy. The ICP multi-element analysis uses a four-acid total
digestion prior to analysis.


The technical information in this news release has been reviewed and approved by
John Bolanos, a Qualified Person in accordance with National Instrument 43-101
Standards of Disclosure for Mineral Projects.


About Colombia Crest Gold Corp.

Colombia Crest Gold Corp. is focused on systematically exploring, developing and
monetizing promising new gold projects in Colombia as well as realizing the
potential of its 100 percent-owned San Simon project in Bolivia. The Company
employs a team of seasoned geologists, each with 20+ years of experience
exploring and discovering porphyry deposits around the world, including
Argentina, Peru, Ecuador, Mexico, Alaska, Indonesia, and Eastern Europe. 


The Company is currently carrying on exploration programs at the Fredonia and
Venecia projects where it has optioned over 30,973 hectares located
approximately 40 km south of the city of Medellin, in Antioquia Province. The
properties are positioned within the Middle Cauca Belt, which is the most
prolific gold belt in Colombia with more than 500 years of gold-mining history
and several new gold discoveries. 


Forward-Looking Statements

This press release contains or refers to forward-looking information, including
statements regarding exploration results, potential mineralization, exploration
plans and timing of the commencement of drilling, and is based on current
expectations that involve a number of business risks and uncertainties. Factors
that could cause actual results to differ materially from any forward-looking
statement include, but are not limited to, delays in obtaining or failures to
obtain required governmental, environmental or other project approvals,
political risks, uncertainties relating to the availability and costs of
financing needed in the future, changes in equity markets, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the development of
projects and the other risks involved in the mineral exploration and development
industry. Forward-looking statements are subject to significant risks and
uncertainties, and other factors that could cause actual results to differ
materially from expected results. Readers should not place undue reliance on
forward-looking statements. These forward-looking statements are made as of the
date hereof, and the Company assumes no responsibility to update them or revise
them to reflect new events or circumstances other than as required by law.


If you would prefer to receive news releases via email please contact Colombia
Crest (info@ColombiaCrestGold.com) and specify "Colombia Crest news" in the
subject line.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Colombia Crest Gold Corp.
Hans Rasmussen
President and CEO
Office: 604-684-7160
hans@colombiacrestgold.com


Colombia Crest Gold Corp.
Dan Fish
Manager, Corporate Communications
Direct: 1-888-228-4305
dan@colombiacrestgold.com
www.ColombiaCrestGold.com

Colombia Crest Gold Corp. (TSXV:CLB)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Colombia Crest Gold Corp. (TSXV:CLB)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024