CGT:TSX; CBGDF:OTCQX

Columbus Gold Corp.

Columbus Gold is a leading gold exploration and development company operating in French Guiana and Nevada. In French Guiana, Columbus is developing its 45% owned Montagne d'Or Gold Deposit, which hosts NI-43-101 Proven and Probable Reserves of 2.75 Moz gold (54.11 Mt @ 1.58 g/t). The results of the March 2017 Bankable Feasibility Study demonstrate an open pit mining operation with average annual gold production of 237,000 oz over the first 10 years of mine life at an average grade of 1.73 g/t that results in an average AISC of US$749 per ounce. There is considerable expansion potential on strike and at depth and exploration drilling is currently underway.

In Nevada, Columbus Gold is currently advancing its 100% owned Eastside Gold Project, hosting an NI-43-101 gold resource of 654,000 ounces of gold and 3.9 Moz of silver (35.78 mt @ 0.57 g/t gold and 3.5 g/t silver at 0.15 g/t gold cut-off), 32km west of Tonopah. To date, a total of 37,311 meters (122,411 ft) of drilling in 136 holes has been completed, and advanced detailed metallurgical studies are underway. Further drilling at target-5 (identical geology to the original target) is underway. The company also has controlling interest in 12 other gold projects in Nevada, Arizona and New Mexico.
CGT:TSX CBGDF:OTCQX

Expert Comments:

"Columbus Gold Corp. is an interesting story. It has some recent news, too. Columbus owns a 45% stake in the Montagne d'Or project in French Guiana. Nordgold SE, a big Russia-based gold mining company, funded a feasibility study at Montagne d'Or, so it now owns 55%. Columbus will probably either sell its 45% stake to Nordgold, or it'll sell it to another gold mining company. Montagne d'Or is a very large deposit, 5 Moz, with good grades, considerably higher than average gold grades being mined now globally. Columbus also has a Nevada angle. It recently announced plans to spin out the Nevada properties into a new company called Allegiant Gold. Columbus is shifting focus to its very large land package in Nevada. The exploration team it works with is Cordex, a legendary Nevada exploration team that's now run by Andy Wallace. Cordex was founded by John Livermore, who was the key person who discovered the Carlin Trend in Nevada, one of the world's largest stores of gold. Columbus has a very powerful exploration partner there. Columbus is narrowing in on the zones it's going to drill. It's one to watch, especially if the spinout of the Nevada properties goes through as planned." read more >

Brien Lundin, Gold Newsletter (Jefferson Financial) (8/1/17)
"Columbus Gold Corp. made big news recently with its decision to spin out its U.S.-based exploration assets into a separate company, which will be dubbed Allegiant Gold. . .the move makes a lot of sense. . .the company will give the market an opportunity to assign a healthier valuation to those projects. At the same time, Columbus will clean up its existing asset base, which will now consist solely of its 45% interest in Paul Isnard."

Thibaut Lepouttre, Caesars Report (8/1/17)
"As Columbus Gold Corp.'s current market capitalization of CA$113M already is substantially lower than the value of its stake in Montagne d'Or, the Nevada properties are basically being thrown in for free as the company doesn't seem to be getting any value for them. This will change after the summer. . .Columbus will spin its Nevada assets out in a new entity which will be called Allegiant Gold and will be listed on the TSX Venture Exchange as a separate entity."

Gwen Preston, Resource Maven (7/26/17)
"Columbus Gold Corp. is spinning its U.S. projects out into a new company that will be called Allegiant Gold. It's a move that makes a lot of sense. . .assuming the spinout is approved, Columbus shareholders will get one Allegiant share for every five Columbus shares held."

"Emmanuel Macron [the new president of France] visited the Montagne d'Or gold exploration/development story that Columbus Gold Corp. has in a joint venture with Nordgold in French Guiana. He came out as very pro-mining." read more >

Eric Coffin, Hard Rock Analyst (4/7/17)
"Columbus Gold Corp.'s bankable feasibility study indicates Montagne d'Or is a viable project with an NPV (all figures 100% basis) of $370M and an after-tax internal rate of return of 18.7% using a 5% discount rate and a gold price of $1,250/oz. The mine would produce 214 Koz/year over a 12-year mine life. . .Nordgold now has 30–60 days to make a construction decision."

The release of the bankable feasibility study for the JV Montagne d'Or gold project in French Guiana, with Columbus Gold in partnership with Nordgold, has experts speculating on buyout prospects.
read more >

More Expert Comments

Experts Following This Company

Eric Coffin, Owner – HRA Advisory
Michael Curran, Managing Director, Research Analyst – Beacon Securities Ltd.
Louis James, Editor – Casey Research
Byron King, Editor – Agora Financial
James Kwantes Resource Opportunities
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Bob Moriarty, Author 321 Gold
Gwen Preston, Founder Resource Maven

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
 
Fully Financed in French Guiana to Advance to Bankable Feasibility (by Nov, 2016)
 
Resource Estimate at the Eastside Gold project in Nevada (by Q1, 2017)
 
Strong Treasury and Undervalued to Peer Group