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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 $10 million exploration program is planned for 2015/16 to complete up to 250 drill holes and advanced detailed metallurgical studies, with a goal to complete a resource model by mid 2016. Columbus also has controlling interest in 14 other gold projects in Nevada.

Expert Comments:

"I'm keen on Columbus Gold Corp. The outcome should be quite positive because in a recently updated resource estimate Columbus announced that it had almost 5 Moz gold at an average grade of 1.5 g/t, which is good for an open pit. And the euro has depreciated against the U.S. dollar, so it has become cheaper for Columbus Gold to mine in French Guiana, which uses the euro as its currency. It will cost $350–400M to build and I expect it to have an NPV north of $500M. That's based on the 5 Moz in-pit resource, but that's based on about half the strike length of the mineralization. I am confident that several million ounces ultimately will be added into the mine plan. . .mining has been going on in French Guiana for several hundred years. A few years ago, the French government issued a new map of the area that states where underground mining is allowed and where open-pit mining is allowed. France is trying to create a framework to attract modern mining companies to French Guiana. Columbus Gold's Paul Isnard project is located in the zone where open-pit mining is permitted, and about a month ago the company hosted officials from French Guiana and Paris to make sure that they really understand its project." read more >

"Columbus Gold Corp. put out a new resource estimate on its flagship Paul Isnard gold project in French Guiana. It didn't have a huge impact but it brought the grade up to 1.44 g/t in a 4.5 Moz resource, and moved about 75% of that resource from the Inferred to the Indicated category. That's important because if a company is doing feasibility-level studies, the engineers can't configure anything below Indicated. All of that Inferred material may be quite real and eventually become part of a mine but it can't be included in a feasibility study. I expect Columbus to put out a PEA in less than a month. . .Columbus has an option agreement on Paul Isnard with Nordgold, a successful, mid-sized Russian gold miner. In order to get 50.01%, Nordgold has to bring Paul Isnard to feasibility and spend $30M. It will probably spend $30M to finish the feasibility study, but once that's done there is a fairly complex formula to determine who pays what; Columbus could end up with as much as a 20–30% carried interest. If the feasibility economics are strong enough, I wouldn't be shocked to see Nordgold make an offer to buy Columbus. That may turn out to a cheaper option for Nord if it wants 100% of Paul Isnard. Columbus certainly has a lot of projects in Nevada and management wants to option some of them, but it has raised money and is waiting on drill permits for a large, yearlong drill program on its Eastside property in Nevada. Andy Wallace, a former director, stepped aside to run that drill campaign. He is credited with the discovery of several gold deposits there. He obviously rates Eastside very highly." read more >

Eric Coffin, Hard Rock Analyst (5/6/15)
"Columbus Gold Corp. released its updated NI 43-101 resource for the Paul Isnard project. It's a big improvement over the one calculated last summer. . .this resource includes the results of the recently completed 25,000m drill program and, as hoped, that program succeeded in moving most of the resource from Inferred to Indicated and also increased the average grade of the resource substantially. . .management indicates a PEA will be delivered this quarter. . .Columbus' stock is a good target for accumulation for upside from Nevada exploration and, hopefully, a good-looking PEA for Paul Isnard."

Brien Lundin, Gold Newsletter (Jefferson Financial) (5/1/15)
"Columbus Gold Corp.'s new updated estimate improved the average grade of the deposit and proved up a substantial part of Montagne d'Or's Inferred resource into the Indicated category. Using a 0.4 g/t cutoff, the new estimate pegs the deposit's Indicated gold resource at 3.8 Moz and its Inferred gold resource at 1.1 Moz. . .average grade using the 0.4 g/t cutoff is a relatively rich 1.455 g/t for the Indicated resource and 1.555 g/t for the Inferred resource."

Bob Moriarty, 321 Gold (5/1/15)
"Columbus Gold Corp. has a hidden gold treasure in Nevada that I visited a week or so ago. Lost in the glare from the almost 5 Moz gold at Paul Isnard is the stable of 15 different projects the company owns in Nevada; Columbus intends to make or break one of them this year with a 65,000m, 250–300 hole drill program at its Eastside gold project."

James Kwantes, Resource Opportunities (5/1/15)
"Columbus Gold Corp. has updated the resource estimate at the Montagne d'Or deposit at its Paul Isnard project in French Guiana, based on a 26,600m drill program that was recently completed. On April 21, the company announced an Indicated in-pit resource of 3.8 Moz, based on 83 Mt at an average grade of 1.455 g/t gold (cutoff grade of 0.4 g/t); there's a further 1.1 Moz in the Inferred category, based on 22 Mt grading 1.55 g/t gold."

More Expert Comments

Experts Commenting on This Company

Mick Carew, Analyst – Haywood Securities
Eric Coffin, Owner – HRA Advisory
Michael Curran, Managing Director, Research Analyst – Beacon Securities Ltd.
Jeff Desjardins, President – Visual Capitalist
Oliver Gross, Chief Editor and Analyst Der Rohstoff-Anleger
James Kwantes Resource Opportunities
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Bob Moriarty, Author 321 Energy , 321 Gold
Mike Niehuser, Analyst – Scarsdale Equities
Lawrence Roulston Resource Opportunities
Jay Taylor, Author Gold, Energy & Tech Stocks

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
Investing Highlights
 
Fully Financed in French Guiana to Advance to Resource Update/PEA
 
Commencing 47,000m Drill Program at Eastside Gold Discovery in Nevada
 
Strong Treasury and Undervalued to Peer Group
catalyst Calendar
Columbus Gold Corp. Content