Columbus Gold Corp.

Columbus Gold Corp. is a gold exploration and development company operating in French Guiana and Nevada. At its 100% owned Paul Isnard Project in French Guiana, Columbus is developing the Montagne d'Or Gold Deposit, which hosts a NI-43-101 in-pit gold resource of 3.9 million ounces Indicated and 1.1 million ounces Inferred (83.2 million tonnes at 1.45 g/t gold, and 22.4 million tonnes at 1.55 g/t gold, respectively, at a 0.4 g/t cut-off), with considerable expansion potential in parallel zones, on strike and at depth.

In Nevada, Columbus is advancing its 100%-owned Eastside oxide, gold discovery, 32km west of Tonopah. Eastside has district scale potential. A $4 million exploration program is planned for 2016 to complete up 15,000 m (48,000 ft) of drilling with a goal to complete a resource model by Q1 2017. Columbus also has controlling interest in 14 other gold projects in Nevada.

Expert Comments:

Thibaut Lepouttre, Caesars Report (11/18/16)
"Columbus Gold Corp. has received the necessary permits to drill Target 5. . .Columbus Gold expects to release a first resource estimate on its Original Target within the next few weeks. . .we would expect this maiden resource to come in anywhere in between 0.8 and 1.2 Moz. This will be an excellent platform to continue to explore on and develop the Eastside project, as this maiden resource estimate will just be the stepping stone. . .Columbus is now also considering to start drilling at its Bolo gold property in Nevada."

Thibaut Lepouttre, Caesars Report (11/9/16)
"Columbus Gold Corp. has entered into an agreement with Ely Gold to acquire the royalty on its Bolo/Wood exploration project in Nevada; Ely acquired the royalty in a transaction with Till Capital, and obviously does have some value for Columbus considering it still is the owner of Bolo after purchasing it from Cordex Exploration. . .Columbus is settling the acquisition by offering Ely Gold its Weepah exploration project, in Nevada as well. This deal seems to be a win-win proposition as Columbus Gold reduces the royalty risk on Bolo, and doesn't have to pay anything in cash."

Thibaut Lepouttre, Caesars Report (9/21/16)
"We have been very positive about Columbus Gold Corp. ever since the company acquired the Montagne D'Or gold project in French Guiana. . . After an extensive drill program, the resource estimate at Montagne D’Or contained approximately 5 million ounces of gold and several other 'hot spots' remained untested, we remain confident in our exploration target and remain convinced Montagne D'Or will ultimately contain 8-10 million ounces of gold. . .If we keep an eye on the greater scheme of things, we dare to go on record and say Montagne D'Or will be one of South America's next multi-million ounce gold mines."

James Kwantes, Resource Opportunities (9/7/16)
"In January Columbus Gold Corp. sold an additional 5% interest in the Montagne d'Or project to Nordgold, so their interest would be 55.01% upon completion of the earn-in. . .the path towards a gold mine at Montagne d'Or could well be a road to riches for shareholders of Columbus Gold, which is also drilling the Eastside gold exploration project in Nevada. . .Eastside's good metallurgy, superior road infrastructure, power and water access lower the threshold to develop a mine in America's most important gold-producing state."

Michael Curran, Beacon Securities Ltd. (8/19/16)
"Columbus Gold Corp.'s main asset is the Paul Isnard property in French Guiana; the property is in a joint venture with Nordgold, a global mid-tier gold producer, who can earn a 50.01% interest by spending US$30M and completing a feasibility study by March 2017. . .in late July, exploration permits were granted for the strike extensions to both the east and west of the main deposit. . .we view Columbus Gold as an attractive speculative play for development success in French Guiana, with investors receiving exploration success potential in Nevada for free."

"Nordgold is earning a 50.01% stake in Columbus Gold Corp.'s Paul Isnard gold project in French Guiana, but it's not unreasonable to think Nordgold will want to own the entire asset. As the after-tax NPV8% of the project is almost half a billion dollars (using a gold price of $1,300/ounce), Columbus Gold is trading at just one-third of the NPV, and making a deal on Paul Isnard might create a win-win situation for both parties involved." read more >

More Expert Comments

Experts Following This Company

Michael Curran, Managing Director, Research Analyst – Beacon Securities Ltd.
James Kwantes Resource Opportunities
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)

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