Columbus Gold Provides Permitting Update for Montagne d’Or Gold Project
May 08 2018 - 7:00AM
Columbus Gold Corp. (TSX:CGT) (OTCQX:CGTFF)
(“Columbus”) is pleased to provide a permitting
update for the Montagne d'Or Gold Deposit in French Guiana, France,
where Columbus continues to receive widespread vocal support from
local elected officials.
The formal public consultation commenced April
3rd, 2018, in Saint-Laurent du Maroni. In total, 13 meetings are to
be held in various locations around French Guiana. The public
consultation process is a pre-condition to submitting mine permit
applications.
Public information meetings and workshops are
being held in Cayenne, Saint-Laurent du Maroni, Awoliya-Yalimapo,
Apatou and Mana. The purpose of the meetings and workshops is to
foster a greater understanding of mining operations, risk
management, the environment, employment, job training, and the
economic and social benefits of the Montagne d’Or Gold Mine.
At the conclusion of the public consultation on
July 7th, 2018, the French National Public Debate Commission will
publish a report containing conclusions and recommendations, if
any, to be considered by the Montagne d'Or joint venture (Columbus
44.99% and Nordgold 55.01%).
The Montagne d'Or joint venture plans to submit
the Environmental and Social Impact Study and the mine permit
applications shortly after the French National Public Debate
Commission has published its report.
With the permitting process well-advanced,
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 GoldColumbus is a leading gold
exploration and development company operating in French Guiana,
France. Columbus holds a major interest in the world-class Montagne
d'Or gold deposit in French Guiana. A Feasibility Study for
Montagne d'Or was filed in May, 2017, and the permitting process is
currently underway.
ON BEHALF OF THE BOARD,
Robert F. Giustra Chairman
For more information contact:
Investor Relations(604) 634-0970
or1-888-818-1364info@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: 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, including but not
limited to, the completion of a public consultation process, the
delivery of an environmental and social impact study and the
submission and processing of mine permit applications; expectations
regarding future maintenance and capital expenditures, and working
capital requirements. 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. (“Columbus”),
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.