Columbus Gold (TSXV:CGT) is a gold exploration and development company operating in French Guiana and Nevada.
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At its 100% owned Paul Isnard Project in French Guiana, Columbus is developing the Montagne d'Or Gold Deposit, which hosts a current NI 43-101 inferred resource of 4.3 million ounces (140.1 million tonnes @ 1.0 gpt gold at a 0.4 gpt cut-off), with considerable expansion potential between widely spaced holes, in parallel zones, on strike and at depth.
Columbus Gold has entered into an agreement with major gold producer Nord Gold N.V. (LSE: NORD LI) under which Nord Gold has been granted the right to earn a 50.01% interest the Montagne d'Or deposit and certain licences at the Paul Isnard Gold Project. For complete details of the agreement please see Columbus Gold's news release dated March 14, 2014.
In Nevada, Columbus Gold is currently advancing its 100% owned Eastside Gold Project discovery, 32 km west of Tonopah. A $10 million exploration program is planned for 2015/16 to complete up to 250 drill holes and advanced detailed metallurgical studies, with a goal to complete a NI 43-101 Mineral Resource Estimate by early 2016. Columbus also has controlling interest in 15 other gold projects in Nevada.