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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, the company is developing the Montagne d'Or gold deposit, which hosts a current NI-43-101-compliant Inferred resource of 4.3 Moz (140.1 Mmt at 1 g/t gold at a 0.4 g/t cutoff), with considerable expansion potential between widely spaced holes, in parallel zones, on strike and at depth. In Nevada, Columbus is developing its 100%-owned Eastside gold project, located 32 km from the town of Tonopah. Of the 18 strategically located gold projects in Nevada, 8 are currently optioned.

Expert Comments:

"I visited Columbus Gold Corp.'s Paul Isnard gold project in French Guiana a couple of months ago. French Guiana is a Department of France and enjoys participation in the European Union. This area has been rapidly advancing its legal structure favorable to mining, and the Guyanas are highly prospective for gold exploration. Columbus has already outlined a gold resource of at least 4 Moz. Columbus' management team has structured a deal with Nordgold requiring Nordgold to spend at least $30M and advance the project to feasibility in early 2017 to earn 50.01%. Columbus Gold remains the operator and is paid a fee, so exploration and overhead is covered by Nordgold through feasibility. [The Government of France did not to object to Nordgold's plan to acquire 50.01%.] The concern on the face of it would be that if the government of France had objected, Nordgold would have pulled out, disrupting the development program. If this happened, Columbus Gold would have had the benefit of Nordgold funding one year of development and it would retain a 100% ownership position. The existing agreement with Nordgold benefits both companies, but Columbus Gold's Montagne d'Or project at Paul Isnard has good potential to expand. As investors catch on to the upside of both doing business in French Guiana and the exploration potential at Paul Isnard, a 100% ownership position of the project looks better from Columbus Gold or Nordgold's point of view. I think this may lead to some arrangement prior to feasibility, where Nordgold will seek to buy Columbus Gold out. In this case, Columbus Gold has a portfolio of projects in Nevada and a top exploration team, making it a target for further investment.

Following my visit to French Guiana, I visited Columbus Gold's Eastside project located about 20 miles west of Tonopah, Nevada. This project appears a bit underwhelming based on drill results, but this has been impacted by permitting with limited disturbance in challenging topography. The company is working to be awarded a Plan of Operations, which should result in an appropriate level exploration program. The exploration team is first-in-class and they appear as excited about this project as any they have worked on over their careers. While it is still very, very early, I believe that there are still world-class projects out there waiting to be discovered and this one is interesting." read more >

Mick Carew, Haywood Securities (2/10/15)
"Columbus Gold Corp. released assay results from a further nine holes drilled at its 100%-owned Paul Isnard project in French Guiana. . .the latest from the phase 2 resource development program focused on the Montagne d'Or gold deposit, which hosts a current Inferred resource of 4.3 Moz gold. . .seven of the nine holes demonstrate continuity of gold mineralization in the central and western sections of the Upper Felsic zone. . .Columbus' resource definition drill program at Montagne d'Or continues to show the continuity of gold mineralization. . .which will be fed into an updated resource estimate that will focus on converting Inferred resources to Indicated and Measured."

Charlotte McLeod, Resource Investing News (2/10/15)
"Columbus Gold Corp.'s goal is to use the data gained from the drill program to complete an updated resource estimate for Montagne d'Or. . .concurrently, the company is looking to release a PEA for the project this spring. . .there are certainly lots of catalysts for investors to look out for at Montagne d'Or."

Thibaut Lepouttre, Caesars Report (2/6/15)
"We have been keeping an eye on Columbus Gold Corp. for quite a while now, but we think 2015 will be a year full of changes for the company. Since we visited the Paul Isnard project in French Guiana more than three years ago, the company has made tremendous progress in expanding the resource estimate to 4.31 Moz (using a cutoff grade of 0.4 g/t) and securing a partner with deep pockets as NordGold N.V. is spending $30M on the project to gain a 50.01% interest in Paul Isnard."

Brien Lundin, Gold Newsletter (Jefferson Financial) (2/1/15)
"With 2014 drilling completed, Columbus Gold Corp. and joint venture partner Nordgold N.V. are in the process of generating an updated resource estimate for Montagne d'Or, due out later in Q1/15. Following this update, the companies will generate the first PEA on the project."

"Columbus Gold Corp. could be a prime takeover candidate. . .Columbus is trying to expand the resource and its margins. The current drill program is primarily infill drilling, but that infill drilling will add significantly to the resource at the Montagne d'Or deposit in French Guiana. That's because the resource estimates to date have been done conservatively without counting much of the resource between holes. Columbus should be able to steadily increase the resource by bringing new mineralization between holes into the proposed pit. I expect the PEA to pleasantly surprise people." read more >

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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