Columbus Gold Corp. is developing its 100%-owned Paul Isnard gold project, which has a current NI 43-101 Inferred resource of 117.1 Mmt at 1.43 g/t gold (5.37 Moz) at a 0.3 g/t gold cutoff, or 58.1 Mmt at 2.22 g/t gold (4.15 Moz) at a 1 g/t gold cutoff, with considerable expansion potential between widely spaced holes, on strike and at depth.
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"The other thing I like about the deal with Nord Gold is that the least Columbus can own in the project if it doesn't put any more money in after feasibility is 25%. The deal is that Nord Gold has to spend everything to take it into bankable feasibility. From that point on, Columbus can spend its 49.9% to stay at that level or it can get taken down to 25%, but not below that. This could be a real big winner. No one is paying any attention to it now because no one is paying any attention to any of these companies, but Columbus has great upside potential when this market wakes up."
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