Continental Gold Limited Announces Results for 12 Diamond Drill-Holes Through the Yaraguá and Laurel Vein Systems
Jul 28 14
Continental Gold Limited announced results for 12 diamond drill-holes through the Yaraguá and Laurel vein systems at the company's 100%-owned Buriticá project in Antioquia, Colombia. Drilling continues throughout 2014 with the goal of upgrading Inferred resources into the measured and indicated categories under National Instrument 43-101 (NI 43-101) guidelines, and delivering overall robust mineral resource growth. Drilling from underground was successful in infilling eastern areas of the May 2014 Yaraguá mineral resource envelope across 200 metres of lateral strike by 400 metres of vertical strike. Importantly, the infill drill-holes are all within 200 vertical-metre ranges above and below the elevation of the Higabra Valley Tunnel (approximately 1,190 metres above sea level), where drilling is focused on converting existing Inferred resources into the Measured and Indicated categories. Drilling through most of the central and southern Yaraguá vein envelope commonly encountered vein grades X thicknesses that are significantly above those expected from the May 2014 mineral resource block model. Related intercepts and veins include: 1.35 metres at 190.5 g/t gold and 95 g/t silver (BUUY222, MUS1, elevation of 1,211 metres); Further to the south, step-out drilling up to 300 metres along strike in
three holes encountered multiple veins interpreted as relatively deep, astern extensions of the Laurel vein system. These holes extended the strike length of Laurel to approximately 1,100 metres, with the system remaining open to the southwest, northeast and at depth. High-grade intercepts include: 1.45 metres at 84 g/t gold and 7 g/t silver (BUUY258, elevation of 976 metres); and 0.6 metres at 9.2 g/t gold and 20 g/t silver (BUUY269, elevation of 990 metres).
Continental Gold Limited Announces Results for 17 Diamond Drill-Holes in Veta Sur, Laurel and Yaraguá Vein Systems at Buriticá Project in Antioquia, Colombia
Jul 9 14
Continental Gold Limited announced results for 17 diamond drill-holes in the Veta Sur, Laurel and Yaraguá vein systems at the company's Buriticá project in Antioquia, Colombia. Drilling continues throughout 2014 with the goal of upgrading Inferred resources into the Measured and Indicated categories under National Instrument 43-101 guidelines, and delivering overall robust mineral resource growth. Highlights: Drilling was successful in extending and infilling the central and northeastern areas of the Veta Sur vein system through a broad range of elevations. Northeast extensions of the Laurel vein system (south of Veta Sur) were intersected in nine drill-holes. Extensions to, and infill of, the western Yaraguá system were also achieved. Drilling includes the company's first six directionally-drilled holes, increasing the productivity and reducing the costs of the mineral resource delineation program at Buriticá. Veta Sur Vein System: Through a 250-metre strike length of central and northeastern Veta Sur, drill-holes intersected multiple veins outside of the current Veta Sur mineral resource envelope. Significant intercepts were made over a 1,200 metres vertical extent, mostly below this envelope, and include: 1.18 metres @ 14.4 g/t gold and 49 g/t silver (BUSY361D, elevation of 1,255 metres); 2.5 metres @ 18.9 g/t gold and 24 g/t silver (BUSY361D, elevation of 1,130 metres); 0.3 metres @ 231 g/t gold and 81 g/t silver (BUSY362, elevation of 1,115 metres); 0.6 metres @ 29.4 g/t gold and 16 g/t silver (BUSY364, elevation of 1,707 metres); 1.04 metres @ 19.2 g/t gold and 7 g/t silver (BUSY364, elevation of 1,536 metres); 0.5 metres @ 331 g/t gold and 93 g/t silver (BUSY364, elevation of 1,525 metres); 1.1 metres @ 9.4 g/t gold and 384 g/t silver (BUSY366D, elevation of 1,219 metres); 0.5 metres @ 26.2 g/t gold and 28 g/t silver (BUSY367D01, elevation of 1,045 metres); and 2.4 metres @ 16.1 g/t gold and 140 g/t silver (BUSY367D01, elevation of 528 metres). The Veta Sur vein system remains open at depth below the deeper intercepts. Although some of these intercepts are among the deepest yet encountered in Veta Sur, they lie in an elevation range potentially developable from proposed underground infrastructure. In addition, step-out drilling intercepted high-grade gold and silver at elevations above the current mineral resource estimate, and include: 4.0 metres @ 218.7 g/t gold and 25 g/t silver (BUSY363, elevation of 1,629 metres); 0.6 metres @ 42.6 g/t gold and 8 g/t silver (BUUY270, elevation of 1,582 metres); and 2.2 metres @ 2,615.4 g/t gold and 388 g/t silver (BUUY270, end of hole, elevation of 1,617 metres). In central and northeastern Veta Sur, drilling through most of the vein families commonly encountered vein grades X thicknesses through a broad range of elevations that are significantly above those expected from the current mineral resource block model. Related intercepts and veins include: 1.45 metres @ 69 g/t gold and 551 g/t silver (BUSY361D01, V31, elevation of 917 metres); 4.3 metres @ 11.5 g/t gold and 31 g/t silver, including 1.9 metres @ 23.7 g/t gold and 64 g/t silver (BUSY361D02, V31, elevation of 794 metres); 5.1 metres @ 7.9 g/t gold and 27 g/t silver, including 1.4 metres @ 13.8 g/t gold and 58 g/t silver (BUSY361D03, V34, elevation of 871 metres); 0.55 metres @ 1.1 g/t gold and 466 g/t silver (BUSY363, V110, elevation of 1,618 metres); 2.35 metres @ 6.5 g/t gold and 22 g/t silver, including 1.1 metres @ 11.8 g/t gold and 34 g/t silver (BUSY363, V43, elevation of 1,553 metres); 2.4 metres @ 12.8 g/t gold and 55 g/t silver, including 1.0 metres @ 19.5 g/t gold and 120 g/t silver (BUSY364, V39, elevation of 1,193 metres); 0.5 metres @ 26.7 g/t gold and 73 g/t silver (BUSY364, V31, elevation of 1,161 metres); 1.0 metres @ 19.3 g/t gold and 17 g/t silver (BUSY367D01, elevation of 696 metres); 7.45 metres @ 40 g/t gold and 170 g/t silver, including 2.85 metres @ 99.8 g/t gold and 406 g/t silver (BUUY208, V51, elevation of 1,677 metres); 0.55 metres @ 21.9 g/t gold and 8 g/t silver (BUUY208, V31, elevation of 1,616 metres); 0.5 metres @ 1.4 g/t gold and 1,280 g/t silver (BUUY208, V20, elevation of 1,548 metres); 13.45 metres @ 8 g/t gold and 25 g/t silver, including 2.05 metres @ 30.5 g/t gold and 100 g/t silver (BUUY249D02, V34, elevation of 728 metres); 0.87 metres @ 56.5 g/t gold and 669 g/t silver (BUUY273, V43, elevation of 1,567 metres); 8.2 metres @ 5.1 g/t gold and 20 g/t silver, including 2.45 metres @ 12.5 g/t gold and 54 g/t silver (BUUY273, V48, elevation of 1,572 metres); 1.0 metres @ 1.7 g/t gold and 617 g/t silver (BUUY273, V51, elevation of 1,576 metres); 1.0 metres @ 15.7 g/t gold and 217 g/t silver (BUUY273, V70, elevation of 1,622 metres); and 0.5 metres @ 1.5 g/t gold and 924 g/t silver (BUUY273, V75, elevation of 1,628 metres).