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Continental Gold Inc.
Summary
| Project: | Buritica | |
|---|---|---|
| Deposit: | Buritica | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 9/18/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 18-9-2017: Continental Gold Inc. announces an Exploration/Drilling Update report for its Buritica deposit at the Buritica project. Drilling results incl. 45.6m @ 17.67g/t Au, 16g/t Ag from 37.0m. Toronto, Ontario, September 18, 2017 – Continental Gold Inc | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mauricio Castaneda (Internal) | |
| ABSTRACT: | Toronto, Ontario, September 18, 2017 – Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is pleased to announce the first results from its 2017 exploration drilling program at its 100%- owned Buriticá project in Antioquia, Colombia. As a result of the early encouraging results, the Company is increasing its drill program for calendar 2017 from 15,000 to 25,000 metres and will increase from three to eight drill rigs by early November 2017. The focus of the program is to both increase and upgrade mineral resources to higher classification categories by testing for high-grade and broad mineralized zones within both the mineral reserve and mineral resource envelopes as well as high-impact targets along strike of existing mineral resources and grassroots targets proximal to existing and proposed infrastructure. The BMZ consists of a group of modelled precious metal-bearing veins in the mineral resource estimate with significant mineralization occurring between these veins, generally in the form of veinlets at oblique angles to strike. The majority of the mineralization between modelled veins is not in the current mineral resource estimate, providing potential upside both in terms of identifying significantly broader and more productive zones for mining and increased mineral resources. To date, the Company has modelled six BMZ targets for testing, each of which has potential to be 500 metres or more in vertical length. | |
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