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Continental Gold Inc.
Summary
| Project: | Buritica | |
|---|---|---|
| Deposit: | Yaragua | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 4/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 16-4-2018: Continental Gold Inc. announces an Exploration/Drilling Update report for its Yaragua deposit at the Buritica project. Drilling results incl. 4.25m @ 83.65g/t Au, 29.3g/t Ag from 45.15m. Toronto, Ontario, April 16, 2018 – Continental Gold Inc. | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mauricio Castaneda (Internal) | |
| ABSTRACT: | Toronto, Ontario, April 16, 2018 – Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is pleased to announce results from 14 diamond drill holes from its 2018 drilling program at its 100%- owned Buriticá project in Antioquia, Colombia. The Company currently has 12 diamond drill rigs in operation with an additional rig scheduled to start drilling over the next few days. The focus of the program is 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 of existing mineral resources as well as grassroots targets proximal to existing and proposed infrastructure will be tested. Details (referenced in Figures 1, 2, 3 and 4) Two horizontal holes were drilled at a true angle to the Yaraguá system. The holes were planned to infill a section of the Murcielagos vein family located a mere 150 metres to the north from the end of the Higabra tunnel. The intercepts are located within the measured and indicated mineral resource envelope and will be sequenced for early mining upon the anticipated production start-up in 2020. Results from both drill holes may have identified potential new shoots of very high-grade gold on two different veins within the Murcielagos family with assay results as follows: | |
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