Columbus Gold Buys French Guiana Gold Project

- December 6th, 2011

Columbus Gold Corp. (TSXV:CGT) announced its immediate acquisition of the Paul Isnard gold project.

Columbus Gold Corp. (TSXV:CGT) announced its immediate acquisition of the Paul Isnard gold project.

As quoted in the press release:

For clarity, Columbus Gold will no longer be required to complete minimum exploration expenditures nor complete a bankable feasibility study. The Paul Isnard Project includes the 43-101 compliant 1.9 million ounce Montagne d’Or inferred gold deposit.

Columbus Gold’s Chairman and CEO, Robert Giustra said:

This latest amendment results in an acquisition cost of about US$5.30 per ounce for 1,890,000 inferred ounces, which is a very impressive achievement in an environment of historically high gold prices.

Click here for the Columbus Gold Corp. (TSXV:CGT) press release.

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