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Continental Gold Inc.
Summary
| Project: | Buritica | |
|---|---|---|
| Deposit: | Yaragua | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 7/25/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 25-7-2019: Continental Gold Inc. announces an Exploration/Drilling Update report for its Yaragua deposit at the Buritica project. Drilling results incl. 5.40m @ 243.43g/t Au, 88.5g/t Ag from 60.60m. Toronto, Ontario, July 25, 2019 — Continental Gold Inc. | |
| Resources: | (Resource, M+I): 16.02Mt @ 10.32g/t Au, 40.8g/t Ag at project | |
| CP/QP: | [Overall Report]: David J Reading (Independent) | |
| ABSTRACT: | Toronto, Ontario, July 25, 2019 — Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is pleased to announce high-grade assay results for 11 diamond drill-holes drilled into the eastern portion of the Yaraguá system at its 100%-owned Buriticá project located in western Antioquia, Colombia. 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 drilling targeting broad mineralized zone (“BMZ”) targets. Supporting information for results discussed in this release can be found in Table 1 and Figures 1 and 2. “Although still at a relatively early stage, BMZ4 is proving up to be an exciting new discovery and we have outlined a continuous vertical zone on the eastern margin of the Yaraguá system, a location which at present hosts no mineral resources or reserves, yet is located within 50 metres of existing underground development. We anticipate incorporating BMZ4 into future mine plans and will be looking to design wider stopes with potential to use bulk-style mining, including transverse extraction using primary and secondary stopes,” commented Ari Sussman, CEO. “With 10 rigs currently in operation, we will remain very active during the final stretch of our onschedule construction targeting first gold pour in H1 2020.” | |
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