Brief: Columbus gold enters into formal JV with Nordgold to develop Montagne D'or gold deposit in French Guiana

Orea Mining

26/09/2017 13:00

Sept 26 (Reuters) - Columbus Gold Corp  CGT.TO  
    * Columbus Gold enters into formal JV with Nordgold to 
develop the Montagne D'or gold deposit in French Guiana 
    * Columbus Gold Corp - Columbus Gold retains a 44.99% 
interest, and nordgold a 55.01% interest in Compagnie Minière 
Montagne D'or 
    * Columbus Gold Corp - Columbus Gold appointed two 
nominees, and Nordgold appointed three nominees, to five-person 
board of directors of JV company 
    * Columbus Gold-under terms of agreement, Nordgold is 
operator 
    * Columbus Gold Corp - will not be required to spend at 
Montagne D'or until such time as board of JV company decides to 
construct mine 
 
Source text for Eikon:  ID:nMKWFvZJta  
Further company coverage:  CGT.TO  
 
 (Bangalore.newsroom@thomsonreuters.com)