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Continental Gold Inc.
Summary
| Project: | Buritica | |
|---|---|---|
| Deposit: | Veta Sur | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 1/22/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 22-1-2019: Continental Gold Inc. announces an Exploration/Drilling Update report for its Veta Sur deposit at the Buritica project. Drilling results incl. 3.65m @ 72.00g/t Au, 280.0g/t Ag from 298.90m. Toronto, Ontario, January 22, 2019 — Continental Gold | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mauricio Castaneda (Internal) | |
| ABSTRACT: | Toronto, Ontario, January 22, 2019 — Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is pleased to announce additional high-grade assay results from fifteen holes drilled into the Veta Sur system as part of the exploration drilling program at its 100%-owned Buriticá project in Antioquia, Colombia. The Company presently has six underground definition drill rigs operating and anticipates adding up to three exploration rigs, with the first one expected to arrive in February 2019. 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 documentation for results discussed in this release can be found in Table 1 and Figures 1, 2 and 3. Numerous assay results from the 2018 program are pending, including those testing Broad Mineralized Zone 1 (“BMZ1”) and the recently announced new BMZ2 discovery. Additionally, results are pending from a series of follow-up holes for a potentially new broad mineralized zone located approximately 150 metres west of BMZ1 in the Yaraguá system. The Company had previously announced assay results for one drill-hole testing this potential new target, which assayed high-grade gold averaging 37.55 metres @ 7.92 g/t gold and 8.7 g/t silver (DYR0050, 1,460-metre elevation) (see press release dated October 1, 2018) | |
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