COLUMBUS GOLD CORPORATION : http://www.columbusgoldcorp.com/ : QwikReport

News Releases

#Wed Jan 16, 2019
Columbus Announces Closing of Private Placement

 

Vancouver, BC, Canada, January 16, 2019. Columbus Gold Corp. (CGT: TSX, CBGDF: OTCQX) (“Columbus”) is pleased to announce that it has closed its previously announced private placement (see news release dated January 14, 2019), raising gross proceeds of CAD$1,957,355.60 through the issuance of 9,786,778 units at a price of CAD$0.20 per unit. Each unit is comprised of one common share of Columbus (a “Share”), and a half warrant. Each full warrant entitles the holder, on exercise, to purchase one Share at a price of CAD$0.40, for a period of 12 months from the closing date of the private placement. An aggregate of 65,250 common shares of Columbus will be paid in Finders’ Fees, representing 0.67% of the gross proceeds raised.

The proceeds of the private placement will be used for general working capital purposes.

Nordgold subscribed to 4,606,778 units in the private placement to increase its interest in Columbus to 9.96% on a non-diluted basis, and 11.18% when taking into account the effect of the exercise of the Nordgold warrants.

The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

ABOUT COLUMBUS GOLD

Columbus is French Guiana’s leading gold exploration and development company.  Columbus holds a major interest in the world-class Montagne d'Or gold deposit.  A feasibility study for Montagne d'Or was filed in May 2017, and the permitting process is currently underway.  Columbus is also earning into the Maripa gold exploration project where past drilling has returned excellent near surface results, including 36 meters of 4.3 g/t gold.

ON BEHALF OF THE BOARD,

Robert F. Giustra
Chairman

For more information contact:

Investor Relations
(604) 634-0970 or
1-888-818-1364

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: its plans, or modifications thereunder, to develop Montagne d’Or, including its employment, future gold mining development and economy effect; 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 submission and processing of mine permit applications; the delivery of a concluding report from the French joint ministerial task-force for Montagne d’Or; the timing and rendering of a decision regarding the development of the gold mining industry in French Guiana; the earning into of the Maripa gold exploration project; and the private placement of units, including the terms, approval and timing thereof.  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 include the proposed bill to ban cyanide technologies in the mining industry in France and additional risks and other factors 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.


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#Mon Jan 14, 2019
Columbus Gold $2 Million Private Placement and Montagne d'Or Project Update; Nordgold Increases Its Equity Interest in Columbus

 Vancouver, BC, Canada, January 14, 2019. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) ("Columbus") announced on Friday January 11th, 2019 a non-brokered private placement for gross proceeds of up to CAN$2 million, and provided an update on the status of the Montagne d'Or gold mine project (Columbus 44.99% and Nordgold 55.01%) in French Guiana.

The private placement* will be for up to 10,000,000 units at a price of $0.20 per unit. Each unit will be comprised of one common share of Columbus, and a half warrant. Each full warrant will entitle the holder, on exercise, to purchase one common share of Columbus at a price of $0.40, for a period of 12 months from the closing date of the private placement. Finders fees will be paid in connection with a portion of the private placement in accordance with the policies of the Toronto Stock Exchange (the "TSX"). Columbus intends to use the proceeds of the private placement for general working capital purposes. The private placement is subject to approval by the TSX.

Nordgold will subscribe to 4,671,048 units in the private placement to increase its interest in Columbus to 9.99% on a non-diluted basis, and 11.22% when taking into account the effect of the exercise of the Nordgold warrants.

Columbus Gold's proposed mine development at Montagne d'Or in French Guiana upholds responsible mining principals, with a view to mitigating environmental impact while allowing for economic development. The Montagne d'Or gold mine will be the 2nd largest employer in a region of France where unemployment is disproportionately high.

"The proposed Montagne d'Or gold mine, in combination with the potential future development of a number of other gold mines in the region (click link for map with location of other companies active in French Guiana: www.columbusgold.com/i/nr/2019-01-11-map.pdf), has the potential to elevate the economy of French Guiana with the creation of thousands of jobs," said Robert Giustra, Chairman of Columbus." In addition, the presence of responsible mining operators serves as a deterrent to illegal miners, whose activities cause deforestation, mercury contamination and siltation of waterways. Responsible mining protects French Guiana's greatest natural resources - its forests and its water."

The process towards permitting of Montagne d'Or continues to move forward. On December 5th, 2018, the French National Commission of Public Debate (the "CNDP") officially acknowledged the decision of the Montagne d'Or joint-venture to move forward with permitting and development of the Montagne d'Or gold mine, subject to certain modifications based on the recommendations of the CNDP (see news release dated November 27, 2018).

A report by the inter-ministerial mission (see news release dated November 27, 2018), is expected to be filed in the coming weeks. The mission is a joint ministerial task-force under the direction of the French Ministers of Environment, of Economy and Finance, and of Overseas Territories. Its purpose is to assess the social and economic benefits, and the impacts, of the development of the gold mining industry in French Guiana, taking into consideration in particular Montagne d'Or, the most advanced large gold project in French Guiana. Based on the conclusions and recommendations of the task-force's report, the French Government, in close cooperation with the local authorities of French Guiana, will consider the conditions under which the gold mining industry in French Guiana will operate.

There is opposition to the Montagne d'Or mine development, principally by NGOs, and some politicians. However, Montagne d'Or continues to garner widespread support from numerous local groups, three out of the four local workers' trade unions that have signed agreements with the Montagne d'Or joint-venture company, and a majority of the elected representatives of French Guiana, notably Mr. Rodolphe Alexandre, the President of French Guiana whom has stated on several occasion: "I've always said that I support the gold mining sector... replacing illegal mining by legal mining". In a very recent television news interview (January 7, 2019) Mr. Alexandre reiterated his strong views in support of the project. Click here to view the interview:

 


www.columbusgold.com/i/nr/2019-01-11-video.mp4


Other elected representatives of French Guiana that express ongoing support for Montagne d'Or include Sophie Charles, the Mayor of Saint-Laurent du Maroni (Montagne d'Or is located within the municipal jurisdiction of Saint-Laurent du Maroni), Paul Dolianki, Mayor of the Municipality of Apatou (the closest community to Montagne d'Or) and Vice-President of the Organization of Municipalities of West 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, one of two Senators representing French Guiana in the upper house of the Parliament of France. Another Delegate representing French Guiana, Gabriel Serville, has expressed his opposition to the use of cyanide, requesting the government to ban cyanide technologies in the mining industry in France. His proposed bill is at an early stage and can take months or even years to be voted on, if ever. Similar bills to ban cyanide mineral processing technologies have been proposed in 2010 and again in 2017 by some members of the European parliament. In both instances the proposed bills were flatly rejected by the European Commission (see news release dated November 20, 2018).

Other notable individuals that have expressed support for Montagne d'Or in the past (see news release dated August 7, 2018) include:
  • Paulin Bruné - Former Delegate of the National Assembly, representing French Guiana in the lower house of the Parliament of France and current President of the local Federation of the Republican Party.
  • Jean Gontrand - Elected representative of the Organization of Municipalities of West French Guiana, Member of the Port Commission of West French Guiana, and Councillor of the City of Saint-Laurent du Maroni.
  • Denis Galimot - a Vice President of French Guiana.
  • Gauthier Horth - Elected Councillor of French Guiana.
  • Léon Bertrand - Former Mayor of Saint-Laurent du Maroni.
  • Barbara Bartebin - Deputy Mayor of Saint-Laurent du Maroni.
  • Bernard Sellier - Deputy Mayor of Saint-Laurent du Maroni.
  • Michel Chaya - Vice-President of the Chamber of Commerce and Industry of French Guiana.
  • Monique Guard - President of "Citoyens Citoyennes" - A collective movement advocating for social causes in French Guiana.
  • Valentine Bonifacie - President of "Les Premières de Guyane", incubator for innovative entrepreneurs.
  • Thara Govindin - President of the Movement of French Entrepreneurs (MEDEF), French Guiana Chapter.

Columbus is pursuing additional opportunities in French Guiana that could establish Columbus as the dominant player in a world class emerging gold mining district.

* The private placement securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements. This news release does not constitute an offer of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

ABOUT COLUMBUS GOLD

Columbus is French Guiana's leading gold exploration and development company. Columbus holds a major interest in the world-class Montagne d'Or gold deposit. A feasibility study for Montagne d'Or was filed in May 2017, and the permitting process is currently underway. Columbus is also earning into the Maripa gold exploration project where past drilling has returned excellent near surface results, including 36 meters of 4.3 g/t gold.

ON BEHALF OF THE BOARD,

Robert F. Giustra
Chairman

For more information contact:

Investor Relations
(604) 634-0970 or
1-888-818-1364
info@columbusgold.com

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: its plans, or modifications thereunder, to develop Montagne d'Or, including its employment, future gold mining development and economy effect; 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 submission and processing of mine permit applications; the delivery of a concluding report from the French joint ministerial task-force for Montagne d'Or; the timing and rendering of a decision regarding the development of the gold mining industry in French Guiana; the earning into of the Maripa gold exploration project; and the private placement of units, including the terms, approval and timing thereof. 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 include the proposed bill to ban cyanide technologies in the mining industry in France and additional risks and other factors 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.

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#Fri Jan 11, 2019
Columbus Gold Announces $2 Million Private Placement and Provides Montagne d'Or Project Update; Nordgold Increases its Equity Interest in Columbus

 

Vancouver, BC, Canada, January 11, 2019. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) (“Columbus”) is pleased to announce a non-brokered private placement for gross proceeds of up to CAN$2 million, and to provide an update on the status of the Montagne d’Or gold mine project (Columbus 44.99% and Nordgold 55.01%) in French Guiana.

The private placement* will be for up to 10,000,000 units at a price of $0.20 per unit.  Each unit will be comprised of one common share of Columbus, and a half warrant. Each full warrant will entitle the holder, on exercise, to purchase one common share of Columbus at a price of $0.40, for a period of 12 months from the closing date of the private placement.  Finders fees will be paid in connection with a portion of the private placement in accordance with the policies of the Toronto Stock Exchange (the "TSX"). Columbus intends to use the proceeds of the private placement for general working capital purposes. The private placement is subject to approval by the TSX.

Nordgold will subscribe to 4,671,048 units in the private placement to increase its interest in Columbus to 9.99% on a non-diluted basis, and 11.22% when taking into account the effect of the exercise of the Nordgold warrants.

Columbus Gold’s proposed mine development at Montagne d’Or in French Guiana upholds responsible mining principals, with a view to mitigating environmental impact while allowing for economic development.  The Montagne d’Or gold mine will be the 2nd largest employer in a region of France where unemployment is disproportionately high.

The proposed Montagne d’Or gold mine, in combination with the potential future development of a number of other gold mines in the region (click link for map with location of other companies active in French Guiana: www.columbusgold.com/i/nr/2019-01-11-map.pdf), has the potential to elevate the economy of French Guiana with the creation of thousands of jobs,” said Robert Giustra, Chairman of Columbus.”  In addition, the presence of responsible mining operators serves as a deterrent to illegal miners, whose activities cause deforestation, mercury contamination and siltation of waterways.  Responsible mining protects French Guiana’s greatest natural resources - its forests and its water.”

The process towards permitting of Montagne d’Or continues to move forward.  On December 5th, 2018, the French National Commission of Public Debate (the “CNDP”) officially acknowledged the decision of the Montagne d’Or joint-venture to move forward with permitting and development of the Montagne d’Or gold mine, subject to certain modifications based on the recommendations of the CNDP (see news release dated November 27, 2018). 

A report by the inter-ministerial mission (see news release dated November 27, 2018), is expected to be filed in the coming weeks.  The mission is a joint ministerial task-force under the direction of the French Ministers of Environment, of Economy and Finance, and of Overseas Territories.  Its purpose is to assess the social and economic benefits, and the impacts, of the development of the gold mining industry in French Guiana, taking into consideration in particular Montagne d'Or, the most advanced large gold project in French Guiana.  Based on the conclusions and recommendations of the task-force’s report, the French Government, in close cooperation with the local authorities of French Guiana, will consider the conditions under which the gold mining industry in French Guiana will operate.

There is opposition to the Montagne d'Or mine development, principally by NGOs, and some politicians.  However, Montagne d’Or continues to garner widespread support from numerous local groups, three out of the four local workers' trade unions that have signed agreements with the Montagne d’Or joint-venture company, and a majority of the elected representatives of French Guiana, notably Mr. Rodolphe Alexandre, the President of French Guiana whom has stated on several occasion: "I've always said that I support the gold mining sector... replacing illegal mining by legal mining".  In a very recent television news interview (January 7, 2019) Mr. Alexandre reiterated his strong views in support of the project.  Click to view the interview:

 


www.columbusgold.com/i/nr/2019-01-11-video.mp4

 

Other elected representatives of French Guiana that express ongoing support for Montagne d'Or include Sophie Charles, the Mayor of Saint-Laurent du Maroni (Montagne d'Or is located within the municipal jurisdiction of Saint-Laurent du Maroni), Paul Dolianki, Mayor of the Municipality of Apatou (the closest community to Montagne d'Or) and Vice-President of the Organization of Municipalities of West 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, one of two Senators representing French Guiana in the upper house of the Parliament of France.  Another Delegate representing French Guiana, Gabriel Serville, has expressed his opposition to the use of cyanide, requesting the government to ban cyanide technologies in the mining industry in France.  His proposed bill is at an early stage and can take months or even years to be voted on, if ever.  Similar bills to ban cyanide mineral processing technologies have been proposed in 2010 and again in 2017 by some members of the European parliament.  In both instances the proposed bills were flatly rejected by the European Commission (see news release dated November 20, 2018).

Other notable individuals that have expressed support for Montagne d’Or in the past (see news release dated August 7, 2018) include:

  • Paulin Bruné - Former Delegate of the National Assembly, representing French Guiana in the lower house of the Parliament of France and current President of the local Federation of the Republican Party.
  • Jean Gontrand - Elected representative of the Organization of Municipalities of West French Guiana, Member of the Port Commission of West French Guiana, and Councillor of the City of Saint-Laurent du Maroni.
  • Denis Galimot - a Vice President of French Guiana.
  • Gauthier Horth - Elected Councillor of French Guiana.
  • Léon Bertrand - Former Mayor of Saint-Laurent du Maroni.
  • Barbara Bartebin - Deputy Mayor of Saint-Laurent du Maroni.
  • Bernard Sellier - Deputy Mayor of Saint-Laurent du Maroni.
  • Michel Chaya - Vice-President of the Chamber of Commerce and Industry of French Guiana.
  • Monique Guard - President of "Citoyens Citoyennes" - A collective movement advocating for social causes in French Guiana.
  • Valentine Bonifacie - President of "Les Premières de Guyane", incubator for innovative entrepreneurs.
  • Thara Govindin - President of the Movement of French Entrepreneurs (MEDEF), French Guiana Chapter.

Columbus is pursuing additional opportunities in French Guiana that could establish Columbus as the dominant player in a world class emerging gold mining district.

*The private placement securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. registration or an applicable exemption from the U.S. registration requirements.  This news release does not constitute an offer of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the company and management, as well as financial statements.

ABOUT COLUMBUS GOLD

Columbus is French Guiana’s leading gold exploration and development company.  Columbus holds a major interest in the world-class Montagne d'Or gold deposit.  A feasibility study for Montagne d'Or was filed in May 2017, and the permitting process is currently underway.  Columbus is also earning into the Maripa gold exploration project where past drilling has returned excellent near surface results, including 36 meters of 4.3 g/t gold.

ON BEHALF OF THE BOARD,

Robert F. Giustra
Chairman

For more information contact:

Investor Relations
(604) 634-0970 or
1-888-818-1364

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: its plans, or modifications thereunder, to develop Montagne d’Or, including its employment, future gold mining development and economy effect; 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 submission and processing of mine permit applications; the delivery of a concluding report from the French joint ministerial task-force for Montagne d’Or; the timing and rendering of a decision regarding the development of the gold mining industry in French Guiana; the earning into of the Maripa gold exploration project; and the private placement of units, including the terms, approval and timing thereof.  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 include the proposed bill to ban cyanide technologies in the mining industry in France and additional risks and other factors 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.


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#Tue Nov 27, 2018
Columbus Gold and Nordgold Declare their Official Intention to Move Forward with the Montagne d'Or Gold Mine Development

 Vancouver, BC, Canada, November 27th, 2018. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) ("Columbus") is pleased to announced that the Montagne d'Or joint venture (Columbus 44.99% and Nordgold 55.01%) has achieved another major permitting milestone by providing its official decision to French authorities to move forward with permitting and development of the Montagne d'Or gold mine, located in French Guiana, France. The decision takes into account the recommendations of the French National Commission of Public Debate (the "CNDP") to make certain modifications to the project, as outlined below.

In September 2018, the CNDP published a report on the public hearings carried-out for the Montagne d'Or gold project, which concluded in the summer of 2018. Pursuant to the procedures established by the CNDP, the Montagne d'Or joint venture had until December 7, 2018, to declare if it intends to proceed with permit applications and development of the Montagne d'Or mine (news release dated November 1, 2018).

On November 16, 2018, the Montagne d'Or joint venture published its decision to move forward with the Montagne d'Or gold mine, and committed to a number of project modifications, which will be finalized and implemented in consultation with stakeholders. The principal changes include:

  • Production of energy on-site to: 1) eliminate the environmental impacts of connecting to the local power grid with construction of a 106-km aerial power line, and 2) remove the risk of power supply disruptions to the Guyanese population. Priority is given to renewable energy, particularly solar panels on already deforested land.
  • Commitment to the International Cyanide Management Code and contribution to research for alternative gold extraction methods.
  • Studying the possibility of increasing the surface area of the Tailings Storage Facility (TSF) and lowering the retainment dams.
  • Maximizing the in-pit material for construction of mine infrastructures to reduce the size of the waste dumps and to reduce the amount of materials sourced from quarries outside the mine site.
  • Mitigate the transportation of explosives on public roads.
  • Optimization of mine infrastructure to take into consideration Amerindian heritage sites and contribution to the improvement of archaeological knowledge in French Guiana.
  • Creation of a seed bank of local and endemic species and development of nurseries for re-revegetation.
  • Development of an environmental compensation plan.
  • Contribution to the creation of a fund for the development and diversification of the local economy and commitment to leaving certain project infrastructure as a legacy to French Guiana.
  • Reflection on the feasibility for local institutions and economic stakeholders to become shareholders in the capital of the Montagne d'Or joint venture company.

UPCOMING MILESTONE OBJECTIVES EXPECTED IN DECEMBER 2018

  • In July 2018, the French government formed an interministerial mission to assess the social and economic benefits, and the impacts, of the development of the gold mining industry in French Guiana, taking into consideration in particular Montagne d'Or, the most advanced large gold project in French Guiana. The mission is a joint ministerial task-force under the direction of the French Ministers of Environment, of Economy and Finance, and of Overseas Territories. Columbus and the Montagne d'Or joint venture are working closely with this task-force, which is expected to deliver its conclusions in a report to the relevant ministers before the end of this year.
  • Based on the conclusions and recommendations of the mission's report, the French government, in close cooperation with the local authorities of French Guiana, will make a decision regarding the development of the gold mining industry in French Guiana.

ABOUT COLUMBUS GOLD

Columbus is French Guiana's leading gold exploration and development company. Columbus holds a major interest in the world-class Montagne d'Or gold deposit. A feasibility study for Montagne d'Or was filed in May 2017, and the permitting process is currently underway. Columbus is also earning into the Maripa gold exploration project where past drilling has returned excellent near surface results, including 36 meters of 4.3 g/t gold.

ON BEHALF OF THE BOARD,

Robert F. Giustra
Chairman

For more information contact:

Investor Relations
(604) 634-0970 or
1-888-818-1364

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: its plans, or modifications thereunder, to develop Montagne d'Or ; 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 submission and processing of mine permit applications; the delivery of a concluding report from the French joint ministerial task-force for Montagne d'Or; the timing and rendering of a decision regarding the development of the gold mining industry in French Guiana; and the earning into of the Maripa gold exploration project. 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.

File: http://www.columbusgoldcorp.com/i/nr/2018-11-27_NR_CGT_Y3rsXgKR.pdf
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#Tue Nov 20, 2018
Columbus Gold Becomes a Signatory to the International Cyanide Management Code, and Provides Clarity on European Union Legislation for the Use of Cyanide in Gold Mining

 

Vancouver, BC, Canada, November 20, 2018. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) (“Columbus”) announces that it is a signatory to the International Cyanide Management Code (the “Cyanide Code”), and also provides clarity on the use of cyanide for gold mining in the European Union. As a region of France, French Guiana is part of the European Union.

Columbus Becomes a Signatory to the Cyanide Code

The International Cyanide Management Institute (ICMI) announced on November 1, 2018, that it accepted the application of Columbus to become a signatory to the Cyanide Code. The joint-venture company, Compagnie Minière Montagne d’Or (44.99% Columbus/55.01% Nordgold), has recently also become a signatory. These are important steps towards acceptability of the development of the Montagne d'Or gold mine, located in French Guiana, France. The Cyanide Code is a voluntary industry program.

By becoming signatories, Columbus and Compagnie Minière Montagne d’Or have committed to follow the Cyanide Code's Principles and implement its Standards of Practice, and to have a verification audit of operations listed for certification conducted by independent third-party auditors within one year from first delivery of cyanide at the listed operations, and every three years thereafter. Operations will be certified if found in compliance with the Cyanide Code, and will be de-certified if ICMI determines that they no longer comply with the Cyanide Code.

The Cyanide Code was developed under the aegis of the United Nations Environment Program by a multi-stakeholder steering committee. It is intended to complement an operation's existing obligation to comply with the applicable laws and regulations of the political jurisdiction in which the operation is located.

The European Commission Confirms Sufficient Legislation in Place to Use Cyanide for Gold Mining *

As a result of multiple inquiries recently received by shareholders and stakeholders concerning an alleged ban on the use of cyanide for gold mining in the European Union (which includes French Guiana), Columbus wishes to clarify unequivocally that: THERE IS NO BAN ON THE USE OF CYANIDE FOR GOLD MINING BY THE EUROPEAN UNION. In fact, cyanide mineral processing technologies for gold and silver extraction are currently used in mines in a number of European Union member countries, including Finland, Sweden, Bulgaria, Ireland, Spain and Greece.

For further clarity, a resolution calling for a general ban on the use of cyanide mineral processing technologies in the European Union was proposed to the European Parliament in May 2010. The European Commissioner for the Environment, Mr. Potočnik, rejected the proposal and in June 2010 published the following statement on behalf of the European Commission:

“The resolution of the Parliament calling for a general ban on the use of cyanide mining technologies in the European Union has received the full attention of the European Commission.

After an in-depth analysis of the issue, the European Commission considers that a general ban of cyanide in mining activities is not justified from environmental and health point of views. Existing legislation notably on the management of extractive waste (Directive 2006/21/EC(1)) includes precise and strict requirements ensuring an appropriate safety level of the mining waste facilities. The limit values for cyanide storage as defined in the directive are the most stringent possible and imply in practice a destruction step of the used cyanide before it is stored.

Due to the lack of better (in the environmental sense) alternative technologies, a general ban on cyanide use would imply the closure of existing mines operating in safe conditions. This would be detrimental to employment without additional environmental and health added value.

The European Commission intends to continue to closely follow the possible technological developments in this sector in order to ensure that ‘best available techniques’ are applied in practice as required by the directive.

In addition, the European Commission considers that the priority should be set on ensuring full application of the directive by the Member States. As guardian of the Treaty, the European Commission intends to take all necessary measures within its remit to ensure that the directive is fully and correctly applied in practice.”

The European Parliament reintroduced a proposed resolution for a ban on cyanide in March 2017, to replace cyanide by an alternative process. The European Commission rejected the proposed resolution and responded in September 2017, in the following manner:

“With regard to paragraph 21 calling for a ban on the use of cyanide mining technologies in the European Union, the European Commission would like to point out that the use of cyanide is currently subject to strict conditions under the Extractive Waste Directive 2006/21/EC (Article 13(6)). The European Commission remains convinced that the proper implementation of the Extractive Waste Directive mitigates the risks of accidents and severely minimizes the impact any accident could have on the environment and on public health. The European Commission considers that a generalized ban at the European Union level of these technologies would put the European industry under a disproportionate burden. Based on information available to the European Commission, there is at present a lack of better alternative technologies available at a commercial scale. The European Commission will however keep monitoring the development of such alternatives.”

The European Commission’s conclusions are supported by technical reports released in April 2010 and July 2017.

Mineral Processing Plans at Montagne d’Or

Mineral processing plans at a future Montagne d’Or gold mine call for gravity concentration followed by cyanidation of the gravity tailings and cyanide leaching of the gravity concentrate. The plant design reflects a robust metallurgical flowsheet designed for optimum gold recoveries of 94% utilizing unit operations that are well proven in industry.

The cyanide destruction circuit for detoxification of the cyanide leach residues is accomplished with the industry-standard sulfur dioxide (SO2) / air process. It was demonstrated that cyanide in the leach residue could readily be detoxified to below 10 ppm (parts per million) to ensure that plant tailings comply with European environmental requirements. The plant tailings will be pumped to the Tailings Storage Facility (TSF) with decant return from the tailings embankment returned to the plant as make-up water. Tailings that are in a fully submerged condition will maintain circum-neutral pH with metal and cyanide concentrations below regulatory limits.

For the management of cyanide, the mine design addresses reagent unloading, storage, handling, containment and detoxification of cyanide containing process streams. The cyanide handling area has been located remotely away from offices and workshops, and packaging will be disposed of by incineration. This design approach aligns with the requirements of the International Cyanide Management Code as well as local regulatory requirements for dangerous goods.

* References:

ABOUT COLUMBUS GOLD

Columbus is French Guiana’s leading gold exploration and development company. Columbus holds a major interest in the world-class Montagne d'Or gold deposit. A feasibility study for Montagne d'Or was filed in May 2017, and the permitting process is currently underway. Columbus is also earning into the Maripa gold exploration project where past drilling has returned excellent near surface results, including 36 meters of 4.3 g/t gold.

ON BEHALF OF THE BOARD,

Robert F. Giustra
Chairman

For more information contact:

Investor Relations
(604) 634-0970 or
1-888-818-1364
info@columbusgold.com

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: its plans, or modifications thereunder, to develop Montagne d’Or ; 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 submission and processing of mine permit applications; the delivery of a concluding report from the French joint ministerial task-force for Montagne d’Or; the acceptability of the development of the Montagne d’or gold mine; the mineral processing plans of the Montagne d’Or gold mine, including any anticipated results;  the Cyanide Code certification of operations at Montagne d’Or; and the earning into of the Maripa gold exploration project. 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.

File: http://www.columbusgoldcorp.com/i/nr/NR-2018-11-20-8151.pdf
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