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 Tue Aug 4, 2015
Columbus Gold Files Final PEA Report on Montagne d'Or Gold Deposit, Paul Isnard Project, French Guiana

 Vancouver, BC, Canada, August 4, 2015. Columbus Gold Corporation (CGT: TSX-V, CBGDF: OTCQX) ("Columbus Gold") announces further to its news release dated July 8, 2015, it has filed a final NI 43-101 technical report dated July 31, 2015 prepared by SRK Consulting (U.S.) Inc. of Denver, CO entitled "Amended NI 43-101 Technical Report, Preliminary Economic Assessment Montagne d'Or Gold Deposit, Paul Isnard Project, Commune of Saint-Laurent-du-Maroni, NW French Guiana," (the "Final PEA").

The Final PEA incorporates enhanced cautionary language and improved disclosure regarding the nature of preliminary economic assessments. In particular, the following cautionary language applies to all the company's disclosure of resources used as input to a PEA, and to all disclosure of the PEA results.

Mineral resources that are not mineral reserves do not have demonstrated economic viability.

The preliminary economic assessment is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the preliminary economic assessment will be realized.

The amended complete report is available on SEDAR (www.sedar.com) and on Columbus Gold's website at:


Bret Swanson and Bart Stryhas of SRK Consulting (U.S.), Inc. of Denver, CO who are both "Independent Qualified Persons" as defined by NI 43-101, have reviewed this press release.

ON BEHALF OF THE BOARD,

Robert F. Giustra
Chairman & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information contact:

Institutional/Analysts:
Peter A. Ball
(604) 634-0973

Senior Vice President

Media/Communications:
Jorge Martinez
(604) 634-0970

VP Communications & Technology

 
 

You can view the Next News Releases item: Tue Sep 22, 2015, Columbus Gold Drills 152.4 meters of 0.71 gpt gold, including 28.9 meters of 2.16 gpt gold at Eastside Gold Discovery in Nevada

You can view the Previous News Releases item: Tue Jul 28, 2015, Columbus Gold Advancing to Feasibility Study Stage at Montagne d'Or Gold Deposit

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