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Continental Gold Inc.
Summary
| Project: | Buritica | |
|---|---|---|
| Deposit: | BMZ1 | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 3/20/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 20-3-2019: Continental Gold Inc. announces a Resource Estimation report for its BMZ1 deposit at the Buritica project. Mineral resource estimate for BMZ1 at the Buritica Project. Toronto, Ontario, March 20, 2019 — Continental Gold Inc. (TSX:CNL; OTCQX:CGOO | |
| Resources: | (Resource, M+I): 828.87Kt @ 14.15g/t Au, 22.9g/t Ag at BMZ1 | |
| CP/QP: | [Resources]: David J Reading (Not stated) | |
| ABSTRACT: | Toronto, Ontario, March 20, 2019 — Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is pleased to announce a positive mineral resource estimate for Broad Mineralized Zone 1 (“BMZ1”) located in the central-west portion of the Yaraguá system at its 100%-owned Buriticá project in Antioquia, Colombia. All information incorporated for estimating the mineral resources for BMZ1 was derived from a recompilation of the block models used to calculate the global mineral resource estimate for the Buriticá project announced on January 30, 2019. “BMZ1 continues to expand and this initial mineral resource estimate highlights the potential of this zone to provide greater flexibility for mine planning and more ounces per vertical metre during production,” stated Ari Sussman, CEO. “Our 2019 drilling focus is to define the broad mineralized zones identified to date ahead of planned commercial production in 2020. A total of 141 drill holes totaling 6,410 metres and 1,084 metres of underground channel sampling along development drifts were used in the estimate. All data was composited to the nominal sample length of 1.5 metres prior to analysis and estimation. Grade estimation was completed using Ordinary Kriging (OK) into 10x10x10- metre parent cells. Previous Mineral Resource estimation work for the Buriticá project separately reported vein and broad mineralized zone material located between the gold bearing vein domains. This mineral resource estimate for BMZ1 is simply a restatement of the block models, in a combined form, as derived from the mineral resource estimate for Buritica announced on January 30, 2019. In the case of BMZ1 there is sufficient density of drilling and development sampling to combine a portion of the global BMZ Mineral Resource Estimate and the vein Mineral Resource Estimates and is presented as such below in Table 1 | |
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