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Columbia Metals Corporation Ltd.: La Jojoba Gold Property Update

Posted on: Tuesday, 14 March 2006, 15:00 CST

Columbia Metals Corporation Ltd. (TSX VENTURE:COL) is pleased to report progress made at its 100% owned La Jojoba gold property, located 16 km west of Magdalena, Sonora Mexico. The La Jojoba concession consists of 528.9 hectares, situated within the northern Sonora gold belt, which includes numerous gold deposits, such as the La Choya, Quitovac, La Herradura, El Chanate.

The Northeast Zone, situated less than 4 kilometres from the company's Lluvia de Oro gold recovery plant, is one of several zones of gold mineralization identified on the La Jojoba property. The Northeast Zone is a structurally-controlled bulk-tonnage gold deposit that the company is evaluating for near-term gold production. The following activities are in progress, or have been completed in the past month:

Road Work - cleaning and reconditioning of the roads and trails on the property has been completed, thereby improving access throughout the property area.

Drill Site Preparation - seven drill sites have been prepared. The drill sites are suitable for diamond core drilling activities to be undertaken in March. Oriented diamond core drilling will be conducted to obtain samples of the mineralized rock for detailed metallurgical testing, to provide detailed geological information regarding the attitude and density of mineralized structures in the Northeast Zone, as well as rock competency information.

Preparations for Metallurgical Bulk Sampling - the field crew is preparing two areas for collection of two 30-tonne bulk samples. The bulk samples will undergo metallurgical testing by Kappes Cassiday at either their Reno Nevada or Hermosillo, Sonora facility to evaluate the characteristics of the rocks for bulk-tonnage gold extraction processes.

Mine Plan Scoping Study - preliminary evaluation of the feasibility of mining the defined gold resource identified at the Northeast Zone is underway. The results of the preliminary study will be used as a base case scenario to commence optimization studies for near-term production consideration.

Exploration - additional surface exploration of other exploration targets on the concession has taken place. New geochemical anomalies have been identified and new areas of potential mineralization are under evaluation. Multi-element soil geochemical anomalies (Au-Ag-Cu-As-Ba) have been identified over an area 800 meters (E-W) by 1,000 meters (N-S) in the region of the Campamento and West Zones, which lie about 800 meters to the southwest of the Northeast Zone. Additionally, other multi-element soil anomalies (As-Sb-Zn-Ba) have been identified approximately 900 meters east of the Northeast Zone. Maps showing the distribution of these geochemical data will be posted on the Company's web site; http://www.columbiametals.ca/i/photos/Jojoba-Ex.jpg

This Press Release has bee prepared in part by Rodney Blakestad, J.D., C.P.G., an independent qualified person as defined by NI 43-101. Mr Blakestad acts as consulting geologist for the Company's exploration and development efforts in the La Jojoba and adjoining Lluvia de Oro properties.

Shares Outstanding: 54,808,077

The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release.

Columbia Metals Corporation Limited (TSX VENTURE:COL)

Source: Business Wire

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