CGT teams with IAG Columbus Gold and IAMGOLD Enter into an Agreement on the
Maripa Gold Project in French Guiana
https://www.columbusgoldcorp.com/s/Home.asp
Interesting! IAG holds about 12% of CGT shares. What does this all mean for CGT, IAG and NG? May suggest there is a lot of confidence that the Montagne d'Or permit will be granted and that legal gold mining in FG will move forward despite any court challenges by the environmental groups. Take a look at the Maripa map at the Columbus website which shows the proliferation of exploration projects in FG; in particular, led by Newmont and Barrick. All this suggests that CGT is in a very good position with its 45% in Montagne d'Or, which they are financed for via their AUAU shares for at least 2 years (including covering their initial 2 yr costs for the Maripa exploration).
Consequently, NG is looking at IAG as both a major CGT shareholder and a partner with Columbus in FG exploration. Further, notice CGT director Russell Ball has worked for Newmont and Goldcorp (which coincidentally recently bought a large holding in AUAU with Ball on the board), while Guistra has made past deals with Newmont, Barrick and again, IAG. Therefore, clearly, NG is nolonger the only player in CGT's present operational universe.
Now CGT in FG may be a longer term play than some shareholders may wish to hold, however, this news does suggest a strengthening of CGT's position in relation to NG; in fact,this may eventually become a case of the tail that swings the dog, which would be very positive for longer term shareholders.
Again, JMHO GLTA