On October 24th, 2011 the Company announced the discovery of a new mineralized zone at the Real Minera property, with subsequent additional results confirming the presence of significant intercepts of consistent mineralization and extending the horizontal and vertical extension of the mineralization. The Company's drilling program for 2012 will focus on the along strike and vertical extension of this new zone, and drilling of additional targets generated by the geophysics, structural geology study and drilling results from 2011.
Fabio Capponi, Chief Executive Officer noted "Converting the original license of exploitation into a 20 year concession contract allows for the long-term development of the 100% owned Real Minera Property and the Vetas Gold Project and demonstrates the Company's ability to work successfully with the regional and central authorities in Colombia.".
About CB Gold Inc.:
CB Gold is a mineral exploration company headquartered in
Vancouver, British Columbia. CB Gold, through its
wholly-owned subsidiary, Leyhat Colombia Sucursal, is
actively pursuing the exploration and development of mineral
properties in the Republic of Colombia. The Vetas Gold
Project consists of a number of existing mines (operations
currently suspended) and exploration concessions, and its
exploration and development activities are not affected by
the proposed Regional Natural Park Paramo de Santurban.
For more information on CB Gold please visit our web site at
www.cbgoldinc.com or contact Fabio Capponi, CEO at +1 (604)
630-5870 or Orin Baranowsky, V.P. Investor Relations at +1
(416) 847-1845, or info@cbgoldinc.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
The securities of CB Gold described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Corporate Office: 907