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Columbus Gold Corporation is a gold exploration and development company operating in French Guiana and Nevada.
In French Guiana, Columbus Gold can earn a 100% interest in the Paul Isnard gold project, which includes the 43-101 compliant 1.9 million ounce inferred Montagne d'Or gold deposit. The deposit consists of 36.7 million tonnes grading 1.6 gpt gold and is open in all directions and internally between widely spaced holes. Additional targets with expansion potential include untested geochemical anomalies extending more than 2.5 km along strike, incompletely tested parallel zones of gold mineralization, and other untested or incompletely tested gold prospects and geochemical anomalies throughout the large project area. Drilling will commence in November 2011.
In Nevada, Columbus Gold is a prolific project generator focused on advancing projects either through joint-venture to industry partners or on its own where exploration risk is minimized and potential is particularly promising. Exploration activities are managed by Cordex which is owned and operated by Andy Wallace who has a long and successful history of gold discovery and mine development in the western United States. Columbus Gold currently has 11 of its 25 strategically located gold projects in Nevada joint-ventured or leased to major and junior mining companies. Up to 9 Nevada gold projects will be drill tested in 2011.
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CGT:TSX-V
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Last
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$0.78
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Change
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+0.01
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High
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$0.79
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Low
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$0.78
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Volume
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4000
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Last Trade Time:
01-27-2012 15:29
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