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Columbus Gold Corp CGTFF

"Columbus Gold Corp operates in the gold mining industry. The company acquires, develops, explores and evaluates gold in French Guiana. It owns two main projects and other projects. Montagne d'Or Gold project which is comprised of eight mining concessions and Eastside Gold project hosts a large area of shallow oxide gold mineralization. It principally operates in three geographical areas those are Canada, United States, and France."


OTCQX:CGTFF - Post by User

Comment by AltaRounderon Sep 09, 2017 9:21pm
124 Views
Post# 26676378

RE:Guistra should Hold FG but sell Allegiant?

RE:Guistra should Hold FG but sell Allegiant?123Buy Thanks for your insights on CGT and FG. I tend to agree. My frustration with CGT has been the fact you could see the need to pivot to Nevada long before now. Nevertheless, FG may, or may not, get a small infill drilling program by the end of the year if NG is feeling confident after some of the environment and locals feedback. Don't know but it probably doesn't make economic sense to redo the resource/BFS until then. The Alligent spin out is at least in the wheel house of Guistra's stronger capabilites. I'd obviously like a quick take out by IMG, which is, cash rich and could definitely a low risk entry into Nevada. Another possibility I'd support, would be a merger with GSV (a stock I've done well on the past 3 yrs). While, GSV lands are in the Elko area, the synergies of strong technical teams from both (GSV team/Cordex), a GSV cash position currently at 40 MM and a combined resouce around 8 mil. Ozs. (guesstimate) This type of company wouldn't last long on the market - and the big boys would be serious contenders. Just thinking about options if Guistra is having troublesome getting reasonable IPO terms, etc. On a side note about the Bolo release. Do you know the underlying reasoning behind paragraph 3 regarding drill hole BL-67. (see below) How would they know an exploration hole will require offset drilling, to the North? I don't understand a lot of this technical stuff, so any insight is welcomed. "The last drill hole of the program, drill hole BL-67, was an exploration hole drilled along the fault, 200 metres north of where the majority of drilling has occurred and near an area where a surface sample in jasperoid returned 3.24 g/t gold. Drill hole BL-67, an angle hole, encountered 100 metres of strong alteration, including jasperoid and strong iron oxides, from surface to 100 metres. This hole will require offset drilling, especially to the north along the fault. "
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