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 (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 >

Michael Curran, Beacon Securities Ltd. (5/19/16)
"Columbus Gold Corp.'s main asset is the Paul Isnard property in French Guiana. . .the company announced the current program for Eastside would include ~5,000m of diamond drilling and ~10,000m of RC drilling; results from the first 10 holes included: 35.1m grading 4.1g/t gold, 13.4m grading 4.1g/t, and 19.7m grading 1.74g/t. The current drill program is targeting extending the mineralized zone at depth. . .in early May, the company reported that it had facilitated the sale of ~20M CGT shares previously held by Auplata, placing the majority of shares with institutional shareholders."

Columbus Gold Corp.'s stock is up about 86% so far this year. The company's relative underperformance was largely due to a very large shareholder that had been unloading its position from mid-December until very recently. The company has just facilitated the purchase of the remaining shares held by Auplata S.A. As of mid-December, Auplata had owned about 20 million shares of Columbus, which it had received as partial compensation for the sale of the Paul Isnard property in French Guiana to Columbus in 2011. With this overhang removed, the way would appear clear for Columbus to also play catch up to its peer group." 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