Columbus Gold is a 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 million ounces gold (54.11 million tonnes @ 1.58 g/t gold). The results of the March 20, 2017 Bankable Feasibility Study demonstrate an open pit mining operation with average annual gold production of 237,000 ounces over the first 10 years of mine life at an average grade of 1.73 g/t gold that results in an average AISC of US$749 per ounce. There is considerable expansion potential on strike and at depth. (click for more project details)
Columbus recently announced plans to spin out its U.S. property portfolio, including its 100% owned Eastside Gold Project, into a new company called Allegiant Gold Limited. ALLEGIANT owns 14 highly-prospective drill-ready projects in the United States, with 11 of the projects located in mining-friendly Nevada. ALLEGIANT has announced plans to drill an unprecedented 10 projects within 12 months of listing, including its flagship projects, Eastside and Bolo. At Eastside, the Original Zone hosts a pit-constrained Inferred resource of 721,000 gold equivalent ounces (35,780,000 tonnes grading 0.63g/t gold equivalent per tonne) and remains open to depth, and to the south and west, and possibly to the north and east. A 14-hole reverse circulation drill program, totaling 2,806 metres, was recently completed at the Bolo gold project. All of the drill samples have been stored in sealed and wire strapped containers and will be shipped to the lab when the spin-out of ALLEGIANT has been completed.
(click for more Eastside project details)