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Continental Gold Inc.
Summary
| Project: | Buritica | |
|---|---|---|
| Deposit: | Yaragua | |
| Location: | Colombia | |
| Commodities: | Gold-Silver | |
| Date: | 12/4/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 4-12-2018: Continental Gold Inc. announces an Exploration/Drilling Update report for its Yaragua deposit at the Buritica project. Drilling results incl. 11.50m @ 52.35g/t Au, 33.5g/t Ag from 53.70m. Toronto, Ontario, December 4, 2018 — Continental Gold In | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mauricio Castaneda (Internal) | |
| ABSTRACT: | Toronto, Ontario, December 4, 2018 — Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is pleased to announce additional high-grade assay results from seven definition holes and 11 expansion and infill holes drilled into the Yaraguá system as part of its 2018 definition and exploration drilling program at its 100%-owned Buriticá project in Antioquia, Colombia. The Company presently has 11 diamond drill rigs in operation; four rigs are being utilized for the ongoing stope definition drilling program and the other seven rigs are conducting infill and mineral resource expansion drilling at the Yaraguá and Veta Sur deposits. “BMZ1 results continue to impress both in terms of grades and widths and will undoubtedly lead to greater flexibility for mining. We also continue to encounter high-grades in the Murcielagos vein family as these intercepts are located close to our existing tunnel development from the Higabra Valley and, as a result, will be accessed early in the mine life,” commented Ari Sussman, CEO. “Our planned updated mineral resource estimate remains on track for completion in Q1 2018.” Detail Summary (see Table 1 and Figures 1, 2 and 3) Definition holes DYR0079-DYR0086 were drilled to the north-northwest from a chamber located along the main access ramp in the central portion of the Yaraguá system located slightly east of BMZ1. Results to date are being used to verify and finalize stope designs and schedule production from this area, anticipated in 2020. Definition drilling into BMZ1 is anticipated to continue throughout 2019 as development advances vertically and new chambers are constructed. Definition drill holes DYR0079-DYR0086 were designed to define the eastern lateral portion of BMZ1 at elevations ranging from 1,492-1,455 RL. The western lateral portion at similar elevations of BMZ1 will be tested at a later date from a drill chamber located west of BMZ1. Each of the definition holes intercepted broad zones of medium to high-grade gold at or near true widths, demonstrating the robust continuity of this zone with key results including | |
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