|Tue Aug 7, 2018|
Completion of Public Hearings for Columbus Gold's Montagne d'Or Gold Project; Support for Development of Montagne d'Or Remains Widespread
|Vancouver, BC, Canada, August 7, 2018. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) ("Columbus") is pleased to provide a permitting update for the Montagne d'Or gold mine project located in French Guiana, France. As required by French legislation, public hearings for Montagne d'Or were organized by the French National Commission of Public Debate (CNDP). They were completed on July 7th, 2018. In total, 14 public information meetings and workshops were held at various locations around French Guiana.
The next phase of the public consultation process is for the CNDP to create a report based on all the opinions, questions, commentaries and contributions received from stakeholders during the public hearings. The report is due to be published no later than September 7th, 2018. Following the publication of the report, the Montagne d'Or joint venture (Columbus 44.99% and Nordgold 55.01%) will have three months to make a public announcement regarding its plans, or modifications thereunder, to develop Montagne d'Or.
Like most mining projects, there is some NGO opposition to Montagne d'Or, which was expressed during the public hearings. However, Montagne d'Or has received widespread support from numerous local socio-economic groups, three out of the four local workers' trade unions, and a majority of the elected representatives of French Guiana, including Rodolphe Alexandre, the President of French Guiana, whom publicly stated: "I've always said that I support the gold mining sector... replacing illegal mining by legal mining". Click here to view the complete press interview in French:
Other elected representatives of French Guiana that have expressed support for Montagne d'Or include Denis Galimot, a Vice President of French Guiana, Lénaïck Adam, one of two Delegates of the National Assembly representing French Guiana in the lower house of Parliament of France, Georges Patient, a Senator representing French Guiana in the upper house of the Parliament of France, and Léon Bertrand, Mayor of the city of Saint-Laurent du Maroni, where the Montagne d'Or project is located. Other notable individuals that have expressed support include:
With the permitting process well underway, Columbus is turning its attention towards other opportunities in French Guiana that could establish Columbus as a dominant player in an emerging gold mining district.
ABOUT COLUMBUS GOLD
ON BEHALF OF THE BOARD,
Robert F. Giustra
For more information contact:
Certain statements and information contained in this press release constitute "forward-looking statements" within the meaning of applicable U.S. securities laws and "forward-looking information" within the meaning of applicable Canadian securities laws, which are referred to collectively as "forward-looking statements". The United States Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. Forward-looking statements are statements and information regarding possible events, conditions or results of operations that are based upon assumptions about future economic conditions and courses of action. All statements and information other than statements of historical fact may be forward-looking statements. In some cases, forward-looking statements can be identified by the use of words such as "seek", "expect", "anticipate", "budget", "plan", "estimate", "continue", "forecast", "intend", "believe", "predict", "potential", "target", "may", "could", "would", "might", "will" and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. Forward-looking statements in this and other press releases include but are not limited to statements and information regarding: the current or future support of elected officials and other individuals for the development and construction of the Montagne d'Or gold mine; the construction and development plans for the Montagne d'Or gold mine, including anticipated timing thereof; the satisfaction of additional requirements to the construction of the Montagne d'Or gold mine, including but not limited to, the completion of a public consultation process; and the submission and processing of mine permit applications. Such forward-looking statements are based on a number of material factors and assumptions and involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated in such forward-looking information. You are cautioned not to place undue reliance on forward-looking statements contained in this press release. Some of the known risks and other factors which could cause actual results to differ materially from those expressed in the forward-looking statements are described in the sections entitled "Risk Factors" in the Annual Information Form of Columbus Gold Corp., available on SEDAR under Columbus' profile at www.sedar.com. Actual results and future events could differ materially from those anticipated in such statements. Columbus undertakes no obligation to update or revise any forward-looking statements included in this press release if these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by applicable law.
You can view the Next News Releases item: Tue Aug 14, 2018, Columbus Gold and IAMGOLD Enter into an Agreement on the Maripa Gold Project in French Guiana
You can view the Previous News Releases item: Tue May 8, 2018, Columbus Gold Provides Permitting Update for Montagne d'Or Gold Project
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