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Continental Gold Inc.
Summary
| Project: | Buritica | |
|---|---|---|
| Deposit: | Veta Sur | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 11/12/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 12-11-2018: Continental Gold Inc. announces an Exploration/Drilling Update report for its Veta Sur deposit at the Buritica project. Drilling results incl. 31.95m @ 4.14g/t Au, 219.1g/t Ag from 266.30m. Toronto, Ontario, November 12, 2018 — Continental Gol | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mauricio Castaneda (Internal) | |
| ABSTRACT: | Toronto, Ontario, November 12, 2018 — Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is pleased to announce additional high-grade assay results from the initial 18 definition holes and five infill holes drilled into the Veta Sur system as part of its 2018 definition and exploration drilling program at its 100%-owned Buriticá project in Antioquia, Colombia. The Company presently has 13 diamond drill rigs in operation; three rigs are being utilized for the ongoing stope definition drilling program, eight rigs are conducting infill and mineral resource expansion drilling at the Yaraguá and Veta Sur deposits and two rigs are testing the Laurel and Perseus greenfield targets. Ari Sussman, CEO commented: “Our team is most pleased with the drill results announced herein as they are helping to verify the upper boundary of the mineral reserve envelope for the Veta Sur system. In addition to the continuity and mineability of Veta Sur being confirmed with these infill and definition drill holes, the broad intercepts encountered are extremely encouraging and may provide more mining flexibility than anticipated.” Detail Summary (see Table 1 and Figures 1, 2, 3 and 4) A total of 23 diamond drill holes were completed in the Veta Sur system, including the initial 18 definition drill holes completed to date. Definition holes DVS0001-DVS0007 were drilled to the northwest from a chamber located along the main access ramp in the southwestern portion of the Veta Sur system. Results to date are being used to verify and finalize stope designs and schedule production from this area, anticipated in 2020. Definition drilling on this section is continuing at present, albeit from a different chamber and at a new orientation | |
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