Columbus Gold is a gold exploration and development company operating in French Guiana and Nevada.French Guiana
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 @ 1.45 g/t gold, and 22.4 million tonnes @ 1.55 g/t gold, respectively, at a 0.4 g/t cut-off), with considerable expansion potential on strike and at depth.
Columbus Gold has entered into an agreement with major gold producer Nord Gold N.V. (LSE: NORD LI) under which Nord Gold has been granted the right to earn a 50.01% interest the Montagne d'Or deposit and certain licences at the Paul Isnard Gold Project. For complete details of the agreement please see Columbus Gold's news release dated March 14, 2014.
In Nevada, Columbus Gold is currently advancing its 100% owned Eastside Gold Project discovery, 32 km west of Tonopah. 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 NI 43-101 Mineral Resource Estimate by early 2016. Columbus also has controlling interest in 15 other gold projects in Nevada.