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Bullboard - Stock Discussion Forum 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... see more

OTCQX:CGTFF - Post Discussion

Columbus Gold Corp > CGT - FYI
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Post by 123buyholdhope on Oct 03, 2019 10:39am

CGT - FYI

President of French Guiana Speaks in Favor of Mine Development at the Rainforest Conference

GlobeNewswire•October 3, 2019

VANCOUVER, British Columbia, Oct. 03, 2019 (GLOBE NEWSWIRE) -- Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) (“Columbus”) is pleased to report on the recent statements on the development of the gold mining sector in French Guiana, France, including comments by the President of French Guiana, whom continues to be a strong and vocal proponent for the development of the Montagne d’Or gold project of  the Columbus and Nordgold joint-venture.
The President of France, Emmanuel Macron, attended the Alliance for Rainforests conference in New York (the “Conference”) with a delegation from French Guiana, including the President of French Guiana, Rodolphe Alexandre.  The conference was held in coordination with the United Nations Climate Action Summit held on September 23rd.  

In his speech at the Conference, President Rodolphe Alexandre supported France’s international call to action on the “preservation of the Amazon as a true natural heritage of humanity” and emphasized that the international community remain open to the prospect of economic development, in parallel with environmental responsibility.  He also highlighted the dangers of illegal gold mining in French Guiana, stating: “Our territory is diseased by illegal gold mining.  We must roll back those that use mercury, which attacks indigenous peoples and violate the sovereignty of the territory”.  He also acknowledged President Emmanuel Macron's adverse mention of the Montagne d'Or gold project, while calling for the forthcoming revision and debate of the French Mining Code to be “genuinely open”, saying that mining could be “responsible, transposable, transparent” and respectful of the environment and as well as of European standards. 

Rodolphe Alexandre was interviewed the next day by radio station “Guyane La 1re” and was asked to clarify his statement at the Conference in respect of the Montagne d’Or gold project, which could have been construed as critical towards the project.  Rodolphe Alexandre unequivocally commented:
  • I would say that, as usual, people are taking advantage of one sentence in order to dismiss an entire speech that was given before 18 heads of state, including the most important heads of state of Europe and Africa”…
  •  ...“Now, it will be the responsibility of Montagne d’Or [Columbus and Nordgold] or others to submit proposals and, in that case, to promote a real, coherent, transparent and public debate.” 
  • “… I am in support of respectful mining, mining that touches the environment.  What was the aim of this speech? Its aim was to tell the people of French Guiana that there must be a balance, that there must be cohesion between sustainable development and protection of the forest and of biodiversity.”
Click the link below to view the complete radio interview in English:
www.columbusgold.com/i/nr/2019-10-03-interview.mp4

GLTA - https://twitter.com/EarthsRare
Comment by 123buyholdhope on Oct 03, 2019 11:23am
PRESS RELEASE GlobeNewswire  Oct. 3, 2019, 08:00 AM Montagne d’Or Project Permitting The Montagne d’Or joint-venture is making good progress to develop a compatible mining project that meets the French government’s expectations on environmental protection, which will also take into account provisions of the new Mining Code currently being drafted. In this regard, additional engineering ...more  
Comment by 123buyholdhope on Oct 08, 2019 4:01pm
French Government Appoints New Mining Delegate to French Guiana October 8, 2019 Vancouver, BC, Canada, October 8th, 2019. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) (“Columbus”) is pleased announce that in September the French government appointed Didier Le Moine as the new mining delegate and coordinator of mining projects in French Guiana. Mr. Le Moine, a mining engineer, formally ...more  
Comment by 123buyholdhope on Oct 21, 2019 1:12pm
These moves suggest that CGT may be split into two companies or will spin off these projects in any buyout of the FG mine (should the permit be granted and a reasonable buyout offer emerge) giving shareholders a third company from the original.  Columbus Announces $2.5 Million Private Placement with Sandstorm VANCOUVER, British Columbia, Oct. 21, 2019 (GLOBE NEWSWIRE) --  ...more  
Comment by 123buyholdhope on Oct 23, 2019 3:01pm
Columbus Commences Airborne Geophysical Survey at Maripa Gold Project, French Guiana October 23, 2019 View PDF Vancouver, BC, Canada, October 23rd, 2019. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) (“Columbus”) is pleased to announce the commencement of an airborne geophysical survey at the Maripa gold project (“Maripa”) located in French Guiana. Columbus has an option ...more  
Comment by 123buyholdhope on Oct 25, 2019 5:11pm
French Government Report Very Positive on Columbus Gold’s Montagne d’Or Gold Project in French Guiana October 24, 2019   Vancouver, BC, Canada, October 24th, 2019. Columbus Gold Corp. (CGT: TSX, CGTFF: OTCQX) (“Columbus”) is pleased to report on the conclusions of a French government report, which is highly favorable to the development of the Montagne d’Or gold ...more  
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