Last C$3.65 CAD
Change Today -0.07 / -1.88%
Volume 920.0K
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continental gold ltd (CNL) Snapshot

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08/27/13 - C$5.93
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12/4/13 - C$2.39
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continental gold ltd (CNL) Details

Continental Gold Limited is engaged in the acquisition, exploration, evaluation and development of gold resource properties in Colombia. The company’s principal property, the Buriticá project, comprises 15 registered concessions covering approximately 13,729 hectares in north-western Colombia. It also holds the rights to explore and develop 4 properties in Colombia, covering approximately 154,822 hectares, including 33 registered concession contracts covering approximately 54,896 hectares, 63 applications with technical study covering approximately 91,887 hectares, and 11 pending concession applications covering approximately 8,039 hectares. The company was founded in 2007 and is based in Toronto, Canada.

489 Employees
Last Reported Date: 03/6/14
Founded in 2007

continental gold ltd (CNL) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $470.1K
President and Chief Operating Officer
Total Annual Compensation: $391.6K
Chief Financial Officer
Total Annual Compensation: $282.1K
Executive Vice President, Director and Member...
Total Annual Compensation: $250.3K
Vice President of Exploration
Total Annual Compensation: $248.0K
Compensation as of Fiscal Year 2013.

continental gold ltd (CNL) Key Developments

Continental Gold Limited Reports Production Results for the Second Quarter Ended June 30, 2014

Continental Gold Limited reported production results for the second quarter ended June 30, 2014. The company reported approximately 12,701 metres of diamond drilling was completed, for an overall project life total of approximately 243,531 metres as at June 30, 2014. Underground drilling from the Higabra Valley Tunnel commenced during the quarter. Initially, shallowly-inclined drill-holes are planned to transect the entire vein system in Yaraguá at elevations ranging from 1,000 - 1,300 metres above sea-level. The company reported positive drilling results for the Yaraguá and Veta Sur vein systems. Drilling was successful in extending and infilling vein families in the Yaraguá and Veta Sur vein systems. Drill results included: BUUY270, which intersected 2.2 metres @ 2,615.4 g/t gold and 388 g/t silver; and BUUY210, which intersected 6.9 metres @ 97.8 g/t gold and 238 g/t silver. Drilling at the Laurel vein system was successful at extending the potential target dimensions of Laurel to approximately 1,100 metres along strike x 1,000 metres vertically. Drill results included: BUSY361D01, which intersected 8.3 metres @ 6.1 g/t gold and 23 g/t silver; and BUUY258, which intersected 1.45 metres @ 84 g/t gold and 7 g/t silver.

Continental Gold Appoints Dr. Claudia Jimenez to its Board of Directors

Continental Gold Limited announced the appointment of Dr. Claudia Jiménez to its Board of Directors. Dr. Jiménez is currently CEO of Jiménez & Asociados S.A.S., a private company based in Medellín, Colombia specializing in fiscal, financial and economic advisory services.

Continental Gold Limited Announces Results for 12 Diamond Drill-Holes Through the Yaraguá and Laurel Vein Systems

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).


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