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Continental Gold Inc.
Summary
| Project: | Buritica | |
|---|---|---|
| Deposit: | Buritica | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 2/21/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 21-2-2019: Continental Gold Inc. announces an Exploration/Drilling Update report for its Buritica deposit at the Buritica project. Drilling results incl. 5.50m @ 202.23g/t Au, 24.5g/t Ag from 168.00m. Toronto, Ontario, February 21, 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 21, 2019 — Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is pleased to announce additional high-grade assay results from six holes drilled into the Yaraguá vein system as part of the exploration drilling program at its 100%-owned Buriticá project in Antioquia, Colombia. The Company is currently operating six underground definition drill rigs and one exploration drilling rig. As previously announced, 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. Supporting information for results discussed in this release can be found in Table 1 and Figures 1 and 2. “The discovery of BMZ3 is an important milestone for the Buriticá Project as it delivers another potential bulk mineable zone to our mine-planning group ahead of anticipated first gold pour in H1 2020,” said Ari Sussman, CEO. “With the construction of the Buriticá mine continuing on schedule at a brisk pace, excitement and momentum are growing rapidly with our employees and the Buriticá community.” Interpretation of the newly-discovered breccia hosted BMZ3, which is located approximately 150 metres west of BMZ1 in the Yaraguá system, began after a single definition drill-hole intercepted high-grade gold over bulk mineable widths averaging 37.55 metres @ 7.92 g/t gold and 8.7 g/t silver (DYR0050, 1,460-metre elevation) (see Company release dated October 1, 2018). Consequently, a series of six exploration holes were drilled to test for BMZ3 potential with four of the holes intercepting high-grade gold over bulk mineable widths, one hole | |
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