We have been keeping an eye on Columbus Gold (CGT.V) for quite a while now, but we think 2015 will be a year full of changes for the company. Since we visited the Paul Isnard project in French Guiana more than three years ago, Columbus gold has made tremendous progress in expanding the resource estimate to 4.31 million ounces (using a cutoff-grade of 0.4g/t) and securing a partner with deep pockets as NordGold is spending $30M on the project to gain a 50.01% interest in Paul Isnard.
The company also no longer is a one trick pony as Columbus Gold discovered some very interesting mineralization in Nevada. As Nordgold is spending its money on Paul Isnard, Columbus can focus on putting its own cash at work at the Eastside gold discovery in Nevada where the company is planning to drill in excess of 48,000 meters this year. We will shortly provide more details on the Paul Isnard project and the Eastside discovery shortly with an in-depth research report but we’d already like to draw your attention to some video’s produced by Columbus Gold which offer an excellent overview of the company’s projects.
> CEO Robert Giustra presenting the corporate presentation
> A short overview of the Paul Isnard flagship project and French Guiana
> Columbus Gold’s corporate presentation (PDF)
Disclosure: The author holds a long position in Columbus Gold. We currently have no relationship with Columbus Gold. Please see our disclaimer for current positions.
