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Continental Gold Inc.
Summary
| Project: | Buritica | |
|---|---|---|
| Deposit: | Buritica | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 2/12/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 12-2-2019: Continental Gold Inc. announces an Exploration/Drilling Update report for its Buritica deposit at the Buritica project. Drilling results incl. 19.90m @ 88.91g/t Au, 13.0g/t Ag from 323.50m. Toronto, Ontario, February 12, 2019 — Continental Gold | |
| Resources: | (Resource, M+I): 16.02Mt @ 10.32g/t Au, 40.8g/t Ag | |
| CP/QP: | [Overall Report]: Mauricio Castañeda (Internal) | |
| ABSTRACT: | Toronto, Ontario, February 12, 2019 — Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is pleased to announce additional high-grade assay results from 12 holes drilled into the Yaraguá system as part of the 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 broad mineralized zones (“BMZ”). “Buriticá continues to impress. On January 30, we announced an updated mineral resource estimate, which delivered significant across-the-board growth and ranks our Buriticá deposit alongside a very scarce list of deposits globally in terms of size and grade. The Buriticá global mineral resource inventory now sits at slightly greater than 12 million gold equivalent ounces at over 10 grams per tonne (see Table 2). The drill intercepts reported today remind us that the Buriticá system is far from defined and will continue to grow well into the future. We look forward to receiving results from the combined 73,500-metre definition and infill drilling program planned for 2019,” said Ari Sussman, CEO. “Most importantly, construction of the Buriticá mine remains on schedule for first gold pour in H1 2020.” | |
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