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Continental Gold Inc.
Summary
| Project: | Buritica | |
|---|---|---|
| Deposit: | BMZ1 | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 4/2/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 2-4-2019: Continental Gold Inc. announces an Exploration/Drilling Update report for its BMZ1 deposit at the Buritica project. Drilling results incl. 17.20m @ 99.95g/t Au, 21.6g/t Ag from 50.00m. Toronto, Ontario, April 2, 2019 — Continental Gold Inc. (TSX | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mauricio Castaneda (Internal) | |
| ABSTRACT: | Toronto, Ontario, April 2, 2019 — Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is pleased to announce additional high-grade assay results from 15 holes drilled into the Yaraguá system as part of the infill and definition drilling program at its 100%-owned Buriticá project in Antioquia, Colombia. The Company plans to drill up to 73,500 metres in 2019, consisting of approximately 55,000 metres of capitalized definition drilling and approximately 18,500 metres of exploration-led infill drilling primarily targeting the BMZ. “We continue to make excellent progress at our Buriticá project as we advance towards commercial production in 2020,” stated Ari Sussman, CEO. “With eight definition and two exploration drill rigs active on the property, we anticipate making positive progress in defining BMZ’s ahead of an updated mine plan prior to the commencement of production, discovering new mineralized areas in the eastern Yaraguá system and confirming production stope locations for mining.” All drill-holes at least partially tested BMZ1, with each hole successfully intercepting high-grade gold mineralization within the zone. The highest-grade drill intercept (grade X thickness) achieved to date in BMZ1 was encountered on the western flank of the zone at a median elevation of 1,464 metres. | |
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