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.

Expert Comments:

Jeb Handwerger
Jeb Handwerger of Gold Stock Trades profiles a company that he believes is in the right place at the right time.
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This new exploration company with an experienced team at the helm begins trading on the TSX Venture Exchange on Tuesday.
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Eric Coffin, Hard Rock Analyst (1/8/18)
"Columbus Gold Corp. has started the next drill phase at Eastside. Samples from last year's drilling at Bolo have been in the lab for a month; I expect we'll see those drill results at about the same time Allegiant starts drilling."

Eric Coffin, Hard Rock Analyst (12/18/17)
"Columbus Gold Corp. filed a host of insider trading reports. Management exercised options in bulk, collectively buying over 2M shares. . .I think it's a positive sign that management wants to own more stock prior to the Allegiant spinout."

Brien Lundin, Gold Newsletter (Jefferson Financial) (12/15/17)
"Columbus Gold Corp. has closed on brokered and nonbrokered placements for Allegiant Gold, the proposed spin-out company that will house Columbus' Nevada exploration assets. The placements raised approximately CA$4.2M for the newco. . .the financing should provide Allegiant with ample funding to continue the drilling programs it plans on its Eastside gold project and up to nine other projects in 2018."

Eric Coffin, Hard Rock Analyst (12/9/17)
"Columbus Gold Corp. announced the closure of the Allegiant placement and, as I suspected it would be, the total raised was well below the $12M target, coming in at $4.2M. . .the company also announced it still doesn't have an official record date for the Allegiant spinout. . .it's expected that will come late next week."

Bob Moriarty
Bob Moriarty of 321 Gold discusses why he believes a spinout could be a win for investors.
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Eric Coffin, Hard Rock Analyst (11/20/17)
"The first news out of Columbus Gold Corp.'s Allegiant once it's listed will come from the Bolo project. . .I expect those results in January, and Bolo is the second largest follow-up drill program listed in the use of proceeds. . .interestingly, for me at least, is that most of the secondary targets to be drilled in the first 12 months have never had a drill hole in them."

"I have followed Columbus Gold Corp. since I first wrote about them in 2014. Their main gold project is in French Guiana and is part of a JV with a Russian company. It's a great project with 2.75 Moz of proven and probable reserves of gold. . .they own 14 projects in Nevada including one with a 721,000 AuEq ounce resource. Management realized they are not getting any value out of the Nevada projects so they are spinning them off into a new company named Allegiant. . .the spinout is brilliant for creating more value to both Columbus and existing shareholders. Columbus will get 13% of the new shares, existing shareholders will get 52% and new investors will receive about 35% of Allegiant. Allegiant will be well funded for a major 2017-2018 exploration program." read more >

More Expert Comments

Experts Following This Company

Eric Coffin, Owner – HRA Advisory
Jeb Handwerger, Author Gold Stock Trades
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 Energy , 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