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Continental Gold Inc.
Summary
| Project: | Buritica | |
|---|---|---|
| Deposit: | Laurel, Veta Sur | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 5/2/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 2-5-2018: Continental Gold Inc. announces an Exploration/Drilling Update report for its Laurel, Veta Sur deposit at the Buritica project. Drilling results incl. 3.75m @ 51.39g/t Au, 35.0g/t Ag from 559.45m. Toronto, Ontario, May 2, 2018 – Continental Gold | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mauricio Castaneda (Internal) | |
| ABSTRACT: | Toronto, Ontario, May 2, 2018 – Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is pleased to announce results from the initial seven diamond drill holes into the Veta Sur system and the Laurel target as part of its 2018 drilling program at its 100%-owned Buriticá project in Antioquia, Colombia. The Company currently has 14 diamond drill rigs in operation, working to increase and upgrade mineral resources to higher classification categories by testing for high-grade and broad mineralized zones within the mineral reserve and resource envelopes. In addition, high-impact targets along strike and below existing mineral resources, as well as grassroots targets proximal to existing and proposed infrastructure, are now being tested. “Without question, the results today confirm that the Veta Sur system, like the Yaraguá system to the immediate east, is world-class in size as we have not yet been able to define the limits of the sheeted veins system. Veta Sur, which has already been drilled over 1,100 metres of strike by 1,700 vertically, continues to expand with the discovery of new veins in the footwall northwest of the system at depth,” commented Ari Sussman, CEO. “Additionally, the Laurel system can now be confirmed as an important discovery, measured over 1,250 metres along strike by 1,250 metres vertically. A considerable amount of drilling will still need to take place at Laurel to prove up a mineral resource; however, with the discovery of high-grade visible gold in the system for the first time, we are prioritizing drilling to attack it aggressively.” Laurel Target (referenced in Figures 1, 2 and 5) Scout drilling of the greenfield Laurel target (“Laurel”) has confirmed that the potential exists for it to evolve into a third major high-grade vein system. Laurel is fortuitously located directly south of the Veta Sur system and a short distance south from the planned location of the Veta Sur ramp, which is currently under construction. The Laurel target has been sparsely traced by drilling and sampling over large dimensions measuring 1,285 metres along strike by 1,250 metres vertically and remains open in all directions for expansion. | |
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