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To: Veteran98 who wrote (64888)	2/4/2011 10:09:28 AM
From: Veteran98	Read Replies (1) of 233807

CGT.... getting close to setting new highs... Columbus Gold JV to begin Summit drilling H1 2011 2011-02-04 09:28 ET - News Release Mr. Peter Kendrick reports NEWMONT TO ACQUIRE FRONTEER AND ITS LONG CANYON PROJECT LOCATED ADJACENT TO COLUMBUS GOLD'S SUMMIT GOLD PROJECT, NEVADA Columbus Gold Corp.'s Summit gold project is adjacent to where Newmont Mining Corp. announced in Stockwatch on Feb. 3, 2011, that it has agreed to acquire Fronteer Gold Inc. and its Long Canyon project for approximately $2.3-billion. Columbus Gold's Summit project is strategically located along strike of the Long Canyon gold deposit currently estimated at 1.4 million ounces gold measured and indicated (18.4 million tonnes at 2.36 grams per tonne) and 800,000 ounces gold inferred (11.2 million tonnes at 2.24 g/t). Step-out drilling by Fronteer at Long Canyon continues to move in the direction of Columbus Gold's Summit project and is now only approximately 1,500 feet (457 metres) away from the Summit property boundary. Columbus Gold's joint-venture partner, Agnico-Eagle Mines, is planning to commence a drilling program at Summit in the first half of 2011 consisting of approximately 6,500 feet (1,980 metres) of drilling. Agnico-Eagle can earn an initial 51-per-cent interest in Summit by completing $3-million in exploration expenditures. A map of Columbus Gold's Summit project relative to Fronteer's Long Canyon gold deposit can be viewed on the company's website. We seek Safe Harbor.

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