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

News Releases

#Tue Apr 30, 2019
Columbus Signs Letter of Intent to Acquire a Third Gold Project in French Guiana

 

Vancouver, BC, Canada, April 30th, 2019. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) (“Columbus”) is pleased to announce that it has signed a Letter of Intent (“LOI”) to acquire a pending exploration permit from a third party as part of its strategy to consolidate a portfolio of high-quality gold exploration projects in French Guiana, France.

The exploration permit covers the core of one of the most prominent placer gold mining districts in French Guiana, which is currently exposed to illegal artisanal hard rock mining of high-grade quartz-gold veins. The project area is interpreted to be underlain by prospective greenstone belt volcanic rocks, although the local geology remains poorly understood and unexplored despite intense placer mining activity in the past. The exploration permit has good access by well-maintained forestry roads, which provides for simple and low-cost logistics for transportation and exploration.

Columbus has conducted a preliminary geological evaluation of the project area. An important shear-tension vein system exposed by mine workings was prospected over a lateral distance of 1.6 kilometers. Quartz vein material sampled on the dumps of workings returned best gold values of 13.10, 24.35, 67.40, 96.25 and 160.00 g/t gold. Other mineralized vein and vein stockwork prospects sampled outside this structural corridor returned best values of 4.86 g/t gold and 20.21 g/t gold. Two principal quartz-gold vein assemblages were observed during the prospecting; 1) a white sugary quartz with no visible sulfides, and 2) a milky to smoky quartz containing abundant iron oxide casts from the oxidation of copper (covellite) and iron sulfides. Silver is associated with high gold values in veins with a silver-to-gold ratio of up to 2:1.

Over the project area, the bedrock is deeply weathered, typical of tropical climates, rendering geological interpretation difficult. The prospected gold-(copper)-(silver) vein structural zone occurs on the north edge of a prominent circular topographic feature. Locally observed potassic alteration (sericite and K-feldspar), amphibolite grade contact metamorphism and copper sulfide minerals in veins are indicative of an intrusive-related mineralized system.

Rock Lefrançois, Columbus' President and Chief Executive Officer, commented, "We are very excited of the addition of this early-stage gold play, which diversifies Columbus’ portfolio in French Guiana in combination with the Montagne d’Or mine development project and the more advanced-stage Maripa exploration project. Our initial evaluation has highlighted a very favorable setting for a large gold system.”

Exploration Permit Acquisition Terms

The transaction is conditional upon the execution of a definitive agreement once the exploration permit is granted to the applicant (the “Initial Permit Holder”) by the French authorities. As contemplated under the LOI, such definitive agreement would grant Columbus the exclusive right to acquire a 100% interest in the exploration permit by:

  • Providing a formal notice to the Initial Permit Holder of its intention to acquire the assets at any time within 3 years from the execution date of the definitive agreement;
  • During this 3-year period, Columbus will have the exclusive right to evaluate and conduct exploration over the permit area before making an acquisition decision;
  • Following the decision to acquire the exploration permit, make scheduled cash payments to the Initial Payment Holder; and
  • Granting the Initial Permit Holder a 1.5% NSR on future gold production.

Qualified Person and Technical Info

A total of 89 select rock samples of deeply weathered bedrock, mine working dump samples, blocks, float and colluvial material were gathered by Columbus geologists and consultants during prospecting. Individual samples were sealed in heavy duty cellophane plastic bags and placed by batch in sealed polypropylene bags and delivered by Columbus personnel to the Filab Amsud depot in Cayenne for trucking to the Filab Amsud laboratory in Paramaribo, Suriname, an ISO 9001 accredited laboratory. Samples were assayed for gold by the fire-assay method using an atomic absorption finish on a 50-gram pulp split, and by ICP-MS multi-element analysis, including silver and copper.

The prospecting was conducted under the supervision of Rock Lefrançois, President & Chief Executive Officer of Columbus and Qualified Person under National Instrument 43-101, who has reviewed this news release and is responsible for the technical information reported herein, including verification of the data disclosed.

About Columbus

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 mine 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. Columbus’ objective is to assemble a portfolio of high-quality gold exploration projects in the highly prospective and underexplored Guiana Shield.

ON BEHALF OF THE BOARD,

Rock Lefrançois
President & CEO

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: Columbus’ 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 timing and rendering of a decision regarding the development of the gold mining industry in French Guiana; the acquisition of additional exploration permits, 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.

 
#Thu Apr 25, 2019
Columbus Gold Commences 2019 Exploration Program on Maripa Gold Project, French Guiana

 Vancouver, BC, Canada, April 25th, 2019. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) ("Columbus") is pleased to provide an update on the development of the newly acquired Maripa gold project located in French Guiana, France:
  • Columbus entered into an agreement in July 2018 with IAMGOLD Corporation to acquire up to a 70% interest in the Maripa gold project (news release dated August 14, 2018).
  • Historical exploration data in digital format was received from IAMGOLD. The data was integrated into an ArcGIS project.
  • Geological, geochemical and geophysical compilation maps were produced from the dataset to conduct a comprehensive appraisal of past exploration results.
  • Historical drill core was recovered and transported to Columbus' core shack facilities located at the outskirts of Cayenne.
  • A regional 256 km2 high-resolution LiDAR topographic survey with orthophoto coverage was completed in September 2018. The processed survey data will be applied to enhance geological features, such as lithological contacts and structural lineaments, identify subtle topographic feature from past exploration such as trails, drill pads and trenches, and provides a topographic base for exploration, economic assessments, mine planning and development.
  • The objective of the 2019 exploration program is two-fold:
  • Conduct a detailed interpretation of the five partially drill-defined gold zones previously identified on the project; and
  • Acquire additional regional data for geological interpretation and targeting.
    • The ongoing 2019 work program entails:
    • Core relogging and drill hole database validation;
    • Geological mapping and field validation;
    • 256 km2 airborne geophysical survey at 100-meter line spacing;
    • Processing and merging of 2018 LiDAR topographic and airborne magnetic data;
    • Regional and target specific geological/structural modelling and interpretation; and
    • Infill and step-out drilling program planning.

About Maripa

The Maripa gold project is located in eastern French Guiana along paved national road RN2, some 50 kilometers south of the capital city of Cayenne. The project is comprised of up to five contiguous exploration permits (PER) that cover an area of approximately 120 square kilometers. The project area has easy access, which provides simple and low-cost logistics for exploration and development.

A Maripa project location map is available at the following link:

www.columbusgold.com/i/nr/2019-04-25-map.pdf

Maripa is situated along the southern border of a regional deformation zone known as the Northern Guiana Trough (NGT), which can be traced across northern French Guiana into neighboring Suriname. The NGT is recognized as a highly favorable geological setting for gold mineralization. The geological setting at Maripa is similar IAMGOLD's world-class Rosebel gold mine (15.2 Moz) in Suriname, highlighted by a faulted contact between volcanic assemblages of the Paramaca Formation and younger pull-apart basin sediments of the Upper Detrital Unit (UDU or Rosebel Formation). The presence of thick sections of UDU sediments in the Maripa area attest to an extensional structural regime favorable to hydrothermal activity and associated gold mineralization.

Maripa has been subject to several phases of exploration, beginning with the Bureau Minier Guyanais (BMG), from 1958-59, and ending with IAMGOLD, from 2000 to 2008. Exploration consisted of ground and airborne geophysical surveying, soil and auger grid sampling, geological mapping and rock sampling, trenching, and core drilling. To date, a total of 134 shallow core holes have been drilled (average core length 67 meters), for a total of 9,000 meters. Past exploration was successful in delineating several wide zones/shears of gold mineralization along the Paramaca-UDU contact, in the Paramaca volcanics to south of the contact, and within granitic stocks that intrude the Paramaca volcanics. Gold mineralization is associated with quartz and quartz-pyrite veining.

The majority of the drilling was conducted by IAMGOLD (106 of the 134 holes) and was focused on five large gold geochemical anomalies, the Changement, Filon Dron, Maripa Sud-Est, Rhyodacite and Filon Scieur targets. Although first pass drilling of these targets was limited to shallow depths within the oxidized saprolite layer, all five targets returned drill intersections of economic interest with demonstrated potential for expansion and mineral resource delineation. Additionally, several large gold geochemical anomalies remain untested. Near-surface drill intercepts of economic interest include:

  • 36 meters of 4.3 g/t gold
  • 10.5 meters of 12.4 g/t gold
  • 34.5 meters of 1.8 g/t gold
  • 25.5 meters of 2.5 g/t gold
  • 21.5 meters of 2.2 g/t gold

A Maripa project geology and historical drill result map is available at the following link:

www.columbusgold.com/i/nr/2019-04-25-map-geo.pdf

Qualified Person

Rock Lefrançois, President & Chief Executive Officer for Columbus Gold and Qualified Person under National Instrument 43-101, has reviewed the technical content of this news release.

About Columbus

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 mine 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. Columbus' objective is to assemble a portfolio of high-quality gold exploration projects in the highly prospective and underexplored Guiana Shield.

ON BEHALF OF THE BOARD,

Rock Lefrançois
President & CEO

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: exploration objectives and plans; the potential for Maripa to host a significant gold deposit; advancing Maripa to the drill definition stage in 2019 or at all; the exercise of the First Option or the entering into a joint venture with IAMGOLD; the election for Columbus to earn an additional 20% interest in Maripa; the construction and development plans for the Montagne d'Or gold mine, including anticipated costs and timing thereof; the satisfaction of additional requirements to the construction of the Montagne d'Or gold mine; 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.

 
#Tue Apr 23, 2019
Columbus Gold Provides Update on the Development of the Montagne d'Or Gold Mine

 

Vancouver, BC, Canada, April 23rd, 2019. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) (“Columbus”) is pleased to provide an update on the development of the Montagne d'Or gold mine project, located in French Guiana, France. The Montagne d’Or joint-venture (Columbus 44.99% and Nordgold 55.01%) achieved a major permitting milestone last November by providing its official decision to French authorities to move forward with permitting and development of the Montagne d'Or gold mine following the conclusion of the public hearings conducted under the mandate of the French National Commission of Public Debate (the "CNDP") (news release dated November 27, 2018). The decision takes into account the recommendations of the CNDP to make certain project improvements and modifications.

In January 2019, the CNDP designated two guarantors responsible for the participation of the public in the project development up until the opening of the public inquiry for the permit applications. The Montagne d'Or joint-venture is in preparation of tenders and scheduling for complementary studies for committed project modifications on the following technical components:

  • Tailings storage facility redesign for the lowering of retainment dams;
  • Waste rock storage design to prevent acid generation;
  • Detailed water management/balance; and
  • Feasibility level study for on-site hybrid solar energy production.

The current Montagne d’Or development timeline is as follows:

  • 2017: Bankable Feasibility Study completion
  • 2018: Public debate as part of permitting procedures, mine development decision
  • 2019: Project improvements and modifications in line with the CNDP recommendations, detailed engineering of certain technical components required by regulations, such as tailings storage facility and water management
  • 2020-21: Mining, environmental and construction permit application submittals and processing by the State services

Upcoming Milestones

  • In July 2018, the French government formed an inter-ministerial 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. The Montagne d'Or joint-venture worked closely with this task-force.
  • The mission's report has made recommendations to the French government on the conditions for the development of the gold mining industry in French Guiana. The report has not yet been released to the public.
  • The Prime Minister of France, Édouard Philippe, announced in the local newspaper on March 25th:

  • “the Government will soon appoint an official in charge of the gold industry in French Guiana”;
  • “the Government is deeply convinced that it is possible to develop the resources on Guyanese soil in the best conditions on the environmental level, with the agreement of the Guyanese”; and
  • “a text on the reform of the mining code should also be presented to Parliament at year end”.
  • The Minister of Environment, François de Rugy, is expected to travel to French Guiana in June to announce the official position of the French government on the development of gold mining in French Guiana.

About Columbus

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 mine 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. Columbus’ objective is to assemble a portfolio of high-quality gold exploration projects in the highly prospective and underexplored Guiana Shield.

ON BEHALF OF THE BOARD,

Rock Lefrançois
President & CEO

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.


View News in PDF Format:
File: http://www.columbusgoldcorp.com/i/pdf/nr/2019-04-23-nr-cgt-8suye6.pdf
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#Fri Mar 29, 2019
Columbus Gold Confirms Voting Results of its Annual General Meeting

 Vancouver, BC, Canada, March 29, 2019. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) ("Columbus") is pleased to announce that Robert Giustra, Peter Gianulis, Marie-Hélène Bérard, Russell Ball and Oleg Pelevin were elected as directors of Columbus at the 2019 Annual General Meeting of Shareholders held on March 27, 2019 (the "Meeting").

Detailed voting results for the Meeting are as follows:

Motion

Votes For

% For

Votes
Against

%
Against

Votes
Withheld

%
Withheld

Number of Directors

38,482,326

99.68

123,030

0.32

0

0.00

Election of Director Nominees:

 

 

 

 

 

 

    Robert Giustra

38,240,515

99.05

0

0.00

364,841

0.95

    Peter Gianulis

32,094,815

83.14

0

0.00

6,510,541

16.86

    Marie-Hélène Bérard

36,817,745

95.37

0

0.00

1,787,611

4.63

    Russell Ball

38,345,947

99.33

0

0.00

259,409

0.67

    Oleg Pelevin

30,524,517

79.07

0

0.00

8,080,839

20.93

Appointment of Auditors

87,139,240

99.44

0

0.00

492,105

0.56

Other business

16,127,090

41.77

22,478,266

58.23

0

0.00

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,

Rock Lefrançois
President & CEO

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.

File: http://www.columbusgoldcorp.com/i/pdf/nr/2019-03-29_NR_CGT.pdf
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#Wed Mar 6, 2019
Columbus Appoints Guillaume Courtois as Exploration Manager - French Guiana

 

Vancouver, BC, Canada, March 6, 2019. Columbus Gold Corp. (CGT: TSX, CBGDF: OTCQX) (“Columbus”) is pleased to announce that Mr. Guillaume Courtois has been appointed to manage Columbus’ exploration activities in French Guiana.

Mr. Courtois joined Columbus at the Montagne d’Or gold project in 2014 and then was retained by the Montagne d’Or JV (44.99% Columbus / 55.01% Nordgold) under the management of Nordgold, where he oversaw drilling programs and technical field studies for the feasibility study and permitting requirements.

"We are very pleased that Guillaume has returned to the Columbus team in the role of Regional Exploration Manager" stated Rock Lefrançois, President & CEO of Columbus.  "The operational and technical skills he has acquired at Montagne d’Or will be an asset to advancing Columbus’ exploration projects in French Guiana.”

Columbus is increasing its presence in French Guiana with the objective of assembling a portfolio of high-quality gold exploration projects, in what is considered a very prospective and underexplored segment of the Guiana Shield.  Columbus’ initial acquisition includes the Maripa project, which was optioned in July 2018 from IAMGOLD. A number of other acquisition opportunities are presently under negotiation.

Mr. Courtois obtained a degree in Geology from Faculty of Sciences at the University of Nice Sophia-Antipolis in 2008 and a Master’s in Earth Sciences from the University of Quebec in Montreal in 2013.  Prior to joining Columbus in 2014, Mr. Courtois worked for a number of junior exploration companies in Quebec and Ontario.

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,

Rock Lefrançois
President & CEO

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: 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; Columbus’ increasing presence in French Guiana and its objectives, 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 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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