CGT:TSX; CBGDF:OTCQX

Columbus Gold Corp.

Columbus Gold is a leading gold exploration and development company operating in French Guiana and Nevada. In French Guiana, Columbus is developing its 45% owned Montagne d'Or Gold Deposit, which hosts NI-43-101 Proven and Probable Reserves of 2.75 Moz gold (54.11 Mt @ 1.58 g/t). The results of the March 2017 Bankable Feasibility Study demonstrate an open pit mining operation with average annual gold production of 237,000 oz over the first 10 years of mine life at an average grade of 1.73 g/t that results in an average AISC of US$749 per ounce. There is considerable expansion potential on strike and at depth and exploration drilling is currently underway.

In Nevada, Columbus Gold is currently advancing its 100% owned Eastside Gold Project, hosting an NI-43-101 gold resource of 654,000 ounces of gold and 3.9 Moz of silver (35.78 mt @ 0.57 g/t gold and 3.5 g/t silver at 0.15 g/t gold cut-off), 32km west of Tonopah. To date, a total of 37,311 meters (122,411 ft) of drilling in 136 holes has been completed, and advanced detailed metallurgical studies are underway. Further drilling at target-5 (identical geology to the original target) is underway. The company also has controlling interest in 12 other gold projects in Nevada, Arizona and New Mexico.
CGT:TSX CBGDF:OTCQX

Expert Comments:

Gwen Preston, Resource Maven (3/22/17)
"The feasibility study for Montagne d'Or is out and it outlines a large and economic gold mine. . .with the study now out, Nordgold has 90 days to make a construction decision. . .Nordgold and Columbus are finally on the same side; they both want to make this project the best it can be."

James Kwantes, Resource Opportunities (3/22/17)
"Columbus Gold Corp. released a bankable feasibility study on its Montagne d'Or gold project Monday afternoon, laying out an economic project that has size, grade and growth potential. . .it lays out a 200 Koz/year, open-pit mine with a 12-year mine life and gold grades well above the global average."

"Columbus Gold Corp. proved that they discovered a gold mine with their press release of March 20, 2017, covering the bankable feasibility study I said was coming by the end of March in the piece I wrote about them in January. Those numbers suggest the Montagne d'Or gold project in French Guiana is going to be a gold mine. . .This project was exceptional before the BFS. It's better now. The numbers are only going to improve. If I use a figure of 4 million ounces of gold and $100 an ounce USD, Columbus Gold should be worth about $1.50 to $1.75 a share for their 45% of the Paul Isnard project." read more >

Michael Curran, Beacon Securities Ltd. (3/21/17)
"Columbus Gold Corp.'s main asset is the Paul Isnard property in French Guiana. . .as part of its earn-in, Nordgold delivered a bankable feasibility study (BFS) on a 2.75MMoz open pit reserve, to take its interest to 55.01% (CGT 44.99%). . .the BFS outlines a 12,500tpd open pit mine capable of producing 237Koz/yr over the first 10 years of a 12-year mine life. . .expect either Nordgold to look to acquire CGT's minority interest and build the mine itself, or for the partners to solicit interest in selling the asset to a third party."

Thibaut Lepouttre, Caesars Report (3/20/17)
"Columbus Gold Corp. will publish the Montagne d'Or feasibility study today, approximately one hour after the markets close. We do expect the feasibility to confirm the viability of the project. . .it should be a very robust project and appeal to either (soon to be delisted) Nordgold or any other senior gold producer."

Eric Coffin, Hard Rock Analyst (3/19/17)
"Columbus Gold Corp. has begun a new drill program at Eastside. . .the company is hoping to add ounces, ideally with zones with higher grades and starter pit potential. . .the stock has continued to outperform most of its peers as it's done since the start of the new year."

Experts are speculating that Columbus Gold's Montagne d'Or project in French Guiana is a prime takeover target for Nord Gold, while the recently released maiden resource estimate for Eastside in Nevada underlines the potential for this early-stage development project.
read more >

More Expert Comments

Experts Following This Company

Eric Coffin, Owner – HRA Advisory
Michael Curran, Managing Director, Research Analyst – Beacon Securities Ltd.
Byron King, Editor – Agora Financial
James Kwantes Resource Opportunities
Thibaut Lepouttre, Editor Caesars Report
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Bob Moriarty, Author 321 Gold
Gwen Preston, Founder Resource Maven

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