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Continental Gold Inc.
Summary
| Project: | Buritica | |
|---|---|---|
| Deposit: | Yaragua | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 10/2/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 2-10-2017: Continental Gold Inc. announces an Exploration/Drilling Update report for its Yaragua deposit at the Buritica project. Drilling results incl. 6.1m @ 67.69g/t Au, 136.8g/t Ag from 36m. Toronto, Ontario, October 2, 2017 – Continental Gold Inc. (T | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mauricio Castaneda (Internal) | |
| ABSTRACT: | Toronto, Ontario, October 2, 2017 – Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is pleased to announce additional results from its 25,000-metre drilling program at its 100%-owned Buriticá project in Antioquia, Colombia. The Company presently has four diamond drill rigs in operation with four additional rigs scheduled to start drilling over the next few weeks. 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 (“BMZ”) within the mineral reserve and resource envelopes and testing high-impact targets along strike of existing mineral resources as well as grassroots targets proximal to existing and proposed infrastructure. The Company remains well financed with approximately US$350 million of available liquidity as of August 31, 2017. “Our team continues to do excellent work targeting areas within the mineral reserves for high precious metal grades. In particular, we are extremely pleased with the results as the intercepts reported herein average almost 200% more precious metals than the current mineral resource block model estimate for the corresponding areas in the Yaraguá deposit,” commented Ari Sussman, CEO. “With the infill drilling campaign in this area complete, the drill will be mobilized to a new chamber to resume testing for broad mineralized zones and infilling other parts of the Yaraguá deposit.” | |
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