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Continental Gold Inc.
Summary
| Project: | Buritica | |
|---|---|---|
| Deposit: | Buritica | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 1/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Mine Development | |
| Report details: | 30-1-2019: Continental Gold Inc. announces a Resource Estimation report for its Buritica deposit at the Buritica project. Updated mineral resource estimate for the Buritica project. Toronto, Ontario, January 30, 2019 — Continental Gold Inc. (TSX:CNL; OTCQ | |
| Resources: | (Resource, M+I): 16.02Mt @ 10.32g/t Au, 40.8g/t Ag | |
| CP/QP: | [Resources]: Ivor Jones (Ivor Jones Pty Ltd.) | |
| ABSTRACT: | Toronto, Ontario, January 30, 2019 — Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is pleased to announce an updated Mineral Resource estimate prepared in accordance with National Instrument 43-101 (“NI 43-101”) for its Buriticá Project in Antioquia, Colombia. The Buriticá Project remains on schedule for construction completion in H1 2020. Results from the 2015-2018 exploration program, consisting of 85 kilometres of drilling and 2 kilometres of additional underground channel sampling, were successful in converting additional Mineral Resources to the Measured and Indicated categories at both the Veta Sur and Yaraguá systems. Also, the results successfully outlined extensions to the Veta Sur system and provided initial Mineral Resources within the broad mineralized zones (“BMZ”). David Reading, Special Advisor to Continental, stated: “Buriticá demonstrates excellent consistency of grade and continuity particularly with respect to the high-grade zones which have now been drill-tested to depths below surface of over 1,800 metres. This is a remarkable gold system and the Company has demonstrated that the geological model is robust. The current Mineral Resource upgrade has given the Company strong confidence that further drilling will continue to extend the vein systems in the coming years.” | |
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