WSP to Complete Environmental Impact Assessment (EIA) on Columbus Gold's Montagne d'Or gold Deposit
03 June 2014 - 2:02AM
Marketwired
WSP to Complete Environmental Impact Assessment (EIA) on Columbus
Gold's Montagne d'Or gold Deposit
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 2, 2014) -
Columbus Gold Corporation (TSX-VENTURE:CGT) ("Columbus Gold") is
pleased to announce that WSP has won the tender to complete an
environmental impact assessment (EIA) on Columbus Gold's Montagne
d'Or gold deposit, Paul Isnard Project, French Guiana. Proposal to
prepare the EIA were received by 6 of the initial 10 companies
invited to bid.
WSP will complete a preliminary environmental assessment by the
end of 2014 to support a preliminary economic assessment ("PEA")
planned for Q1 2015. Submission of a comprehensive EIA to the
French government Ministry for Ecology, Sustainable Development and
Energy, is targeted for Q1 2017 in connection with the planned
completion of a final bankable feasibility study ("BFS").
WSP is one of the world's leading professional services firms
with 17,000 employees working in more than 300 offices located in
30 countries, on 5 continents. For over 30 years, WSP's personnel
have been providing environmental services to improve the
sustainability, acceptability and profitability of mining projects.
WSP has conducted environmental studies of gold mining projects in
many countries and regions, including France and French Guiana. The
WSP team of environmental and social experts involved in the Paul
Isnard project includes specialists provided by GĂ©oPlus
Environnement, the second largest consulting firm specialized in
the mining sector in France, and BIOTOPE, the most important
consulting firm in France specialized in ecological expertise which
has a regional office in Cayenne, French Guiana.
All studies are being funded by Nord Gold N.V. (LSE: NORD LI)
("Nordgold") as part of a 3 year minimum US$30 million exploration
and development program pursuant to which Nordgold can earn a
50.01% interest in Montagne d'Or and certain Paul Isnard mineral
claims, by completing a BFS.
ON BEHALF OF THE BOARD,
Robert F. Giustra, Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This release contains forward-looking information and
statements, as defined by law including without limitation Canadian
securities laws and the "safe harbor" provisions of the US Private
Securities Litigation Reform Act of 1995 ("forward-looking
statements"), respecting Columbus Gold's: proposed drilling
programs; projected funding of drilling programs by Nord Gold N.V.
pursuant to the terms of the option agreement and the related
completion of a bankable feasibility study and general exploration
plans. Forward-looking statements involve risks, uncertainties and
other factors that may cause actual results to be materially
different from those expressed or implied by the forward-looking
statements, including: the ability to acquire necessary permits and
other authorizations; environmental compliance; cost increases;
availability of qualified workers and drill equipment; competition
for mining properties; risks associated with exploration projects,
mineral reserve and resource estimates (including the risk of
assumption and methodology errors); dependence on third parties for
services; non-performance by contractual counterparties; title
risks; risks associated with Nord Gold N.V. electing not to
exercise its option and make the related option payments; and
general business and economic conditions. Forward-looking
statements are based on a number of assumptions that may prove to
be incorrect, including without limitation assumptions about: that
the design of the drill plan is appropriate for the site; general
business and economic conditions; the timing and receipt of
required approvals; availability of financing; power prices;
ability to procure equipment and supplies including without
limitation drill rigs; and ongoing relations with employees,
partners, optionees and joint venturers. The foregoing list is not
exhaustive and Columbus Gold undertakes no obligation to update any
of the foregoing except as required by law.
Columbus Gold CorporationInvestor Relations604-634-0970 or
1-888-818-1364604-634-0971info@columbusgroup.comwww.columbusgroup.com
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