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Continental Gold Inc.
Summary
| Project: | Buritica | |
|---|---|---|
| Deposit: | Yaragua | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 10/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 16-10-2018: Continental Gold Inc. announces an Exploration/Drilling Update report for its Yaragua deposit at the Buritica project. Drilling results incl. 2.5m @ 174.04g/t Au, 43.6g/t Ag from 279.30m. Toronto, Ontario, October 16, 2018 — Continental Gold I | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mauricio Castaneda (Internal) | |
| ABSTRACT: | Toronto, Ontario, October 16, 2018 — Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is pleased to announce additional high-grade assay results from underground channel sampling results and six holes drilled into the Yaraguá system as part of its 2018 exploration drilling and underground channel sampling program at its 100%-owned Buriticá project in Antioquia, Colombia. The Company presently has 14 diamond drill rigs in operation; three rigs are being utilized for the recently-started stope definition drilling program, eight rigs are conducting infill and mineral resource expansion drilling at the Yaraguá and Veta Sur deposits and three rigs are testing the Laurel and Perseus greenfield targets. “The Buriticá project continues to demonstrate its prowess as a rare world-class system, both in terms of its size and high grades. The system is so vast that it will take years of drilling to determine just how many ounces of gold will ultimately be mined from the Yaraguá and Veta Sur deposits,” stated Ari Sussman, CEO. “With the new results announced herein, the Yaraguá system now measures 1,350 metres laterally by 1,800 metres vertically and remains open in all directions for expansion. We look forward to incorporating all new results into an updated mineral resource estimate and mine plan in Q1 2019.” | |
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