Continental Gold Limited Reports Drilling Results for the Buriticá Project in Antioquia, Colombia for the Year Ending December 31, 2013
Mar 6 14
Continental Gold Limited announced to report the following highlights for the year ending December 31, 2013 and updates for the Buriticá project in Antioquia, Colombia. Completed approximately 56,109 metres of diamond drilling during the year ended December 31, 2013 for an overall project life total of approximately 215,300 metres to December 31, 2013. Drilling has extended several vein sets and identified new veins outside of the current mineral resource and discovered new mineralized areas within the greater Buriticá area. Discovery of a new mineralized vein system called San Agustin. Drill results included: BUSY329, which intersected 0.4 metres @ 49.7 g/t gold and 163 g/t silver; BUUY093 which intersected 3.0 metres @ 7.2 g/t gold, 43 g/t silver and 8% zinc; and BUSY340, which intersected 0.72 metres @ 31.0 g/t gold and 3 g/t silver and 0.5 metres @ 12.0 g/t gold and 31 g/t silver. Surface exploration outlined four new precious metal-mineralized systems called Pinguro North, Pinguro, Obispo and the Guarco-Pajarito prospect. These new prospects are outside of the future Higabra valley infrastructure site, where expansion and resource delineation drilling continued in the Yaraguá, Veta Sur, La Estera and San Agustin vein systems. Continued underground development of the main access tunnel in the Higabra valley at an elevation of 1,150 metres above sea-level. In addition, commenced construction of two new ramps parallel to the Veta Sur and Yaraguá vein systems at an elevation of approximately 1,700 metres and 1,600 metres above sea-level, respectively. On April 11, 2013, the company released updated metallurgical results for the Buriticá project. The preferred recovery process selected is gravity concentration followed by cyanidation of gravity tails. Overall metallurgical recoveries on all four 150 kilogram samples yielded 95.4% and 48.6% for gold and silver, respectively. In addition, a large proportion of the gold can be extracted using gravity separation with an average recovery rate of 73.8%. Exploration activities during the year consisted of topographic and geological mapping, geochemical soil surveys and other surface sampling, underground mapping and channel sampling, and underground drilling at Yaraguá, Veta Sur and the Veta Sur ramp. Drilling extended several vein sets and identified new veins outside of the current mineral resource, and discovered new mineralized areas within the greater Buriticá area. Drill results in the Veta Sur vein system included: BUUY121, which intersected 16.7 metres @ 58.7 g/t gold and 233 g/t silver, including 5.15 metres @ 184 g/t gold and 671 g/t silver; BUUY118, which intersected 18.7 metres @ 22.4 g/t gold and 80 g/t silver, including 3.8 metres @ 99.6 g/t gold and 254 g/t silver; BUUY126, which intersected 28.4 metres @ 20.5 g/t gold and 135 g/t silver, including 2.15 metres @ 135.3 g/t gold and 921 g/t silver and 10.9 metres @ 10.8 g/t gold and 85 g/t silver; and BUUY149, which intersected 0.5 metres @ 101.5 g/t gold and 20 g/t silver. Drill results in the Yaraguá vein system included: BUUY083, which intersected 22.3 metres @ 23.9 g/t gold and 255 g/t silver; BUUY086, which intersected 20.2 metres @ 11.4 g/t gold and 59 g/t silver; BUUY114, which intersected 10.5 metres @ 108 g/t gold and 96 g/t silver; BUUY170, which intersected 2.7 metres @ 830.6 g/t gold and 65 g/t silver and 3.45 metres @ 27.1 g/t gold and 11 g/t silver; and BUUY120, which intersected 1 metre @ 329.5 g/t gold and 52 g/t silver. Underground channel sampling in the Yaraguá vein system resulted in significant intervals including 56.3 g/t gold and 112 g/t silver across 1.34 metres along 32 metres and 121.4 g/t gold and 775 g/t silver across 0.45 metres along 60 metres. Drill results in the La Estera vein system included: BUSY332, which intersected 9.83 metres @ 16.1 g/t gold and 50 g/t silver and 1.75 metres @ 36.7 g/t gold and 182 g/t silver; BUSY342, which intersected 3.5 metres @ 13.3 g/t gold, 181 g/t silver and 5.3% zinc, including 1 metre @ 21.3 g/t gold, 362 g/t silver and 8.2% zinc; and BUSY357, which intersected 0.5 metres @ 32.5 g/t gold and 64 g/t silver.
Continental Gold Limited Announces Death of Director Gary P. Barket
Mar 4 14
Continental Gold Limited announced that Mr. Gary P. Barket, a member of its Board of Directors, passed away on February 25, 2014. Mr. Barket had a distinguished career as a businessman and attorney; he practiced law in Little Rock, Arkansas for over 40 years, specializing in securities and business transactions and litigation. Mr. Barket was a key member of Continental's Board of Directors in its early years, serving from September 2007 to March 2010, and rejoined the Board in 2013. He was also a member of the Corporate Governance, Nominating and Compensation Committee.
Continental Gold Limited Drills High-Grade Gold in the Eastern Yaragua System at Buritica, Colombia
Feb 5 14
Continental Gold Limited announced results for 13 diamond drill-holes and underground sampling from the Yaraguá vein system as part of the Company's 2013 exploration program at the Buriticá project in Antioquia, Colombia. Drilling has recently resumed for 2014 with the goal of delivering robust mineral resource growth and upgrading inferred resources into the measured and indicated categories. Assay results presented below represent the final drill-holes that will be included in an updated mineral resource estimate prepared in accordance with National Instrument 43-101 (NI 43-101) due this quarter. Significant step-out intercepts include: 36.48 metres at 9.4 g/t gold and 43 g/t silver, including 1.8 metres at 34.8 g/t gold and 61 g/t silver plus 2.6 metres at 36.3 g/t gold and 47 g/t silver (BUUY191, elevation of 1,259 metres); 0.5 metres at 122.5 g/t gold and 70 g/t silver (BUUY196, elevation of 1,184 metres); 1.20 metres at 10.8 g/t gold and 279 g/t silver (BUSY181, elevation of 1,339 metres); 1.30 metres at 8.2 g/t gold and 91 g/t silver (BUUY186, elevation of 1,226 metres); 4.65 metres at 35.0 g/t gold and 140 g/t silver, including 0.5 metres at 312.0 g/t gold and 1,250 g/t silver (BUUY192, elevation of 1,232 metres); 0.5 metres at 51.9 g/t gold and 41 g/t silver (BUUY200, elevation of 1,263 metres); 1.5 metres at 20.2 g/t gold and 84 g/t silver (BUUY160, elevation of 1,311 metres); 1.35 metres at 142.9 g/t gold and 15 g/t silver (BUUY171, elevation of 1,324 metres); and 1.0 metres at 10.8 g/t gold and 9 g/t silver (BUUY205, elevation of 1,349 metres). Channel sampling in the new Yaraguá ramp extended high grades in the Murcielagos South vein family to higher elevations (1,520 metres), with significant intervals including: 0.5 metres at 24.7 g/t gold, 215 g/t silver and 8.4% zinc; and 1.0 metres at 10.9 g/t gold, 90 g/t silver and 3.7% zinc. Elsewhere, in eastern Yaraguá, infill drilling continued to encounter vein grades and/or thicknesses better than expected from the current Yaraguá mineral resource block model over significant vertical and horizontal extents. In the southern vein families, such intercepts include: 0.5 metres at 18.7 g/t gold and 24 g/t silver (BUUY191, MU2, elevation of 1,329 metres); 3.35 metres at 7.6 g/t gold and 4 g/t silver (BUUY196, VNE, elevation of 1,303 metres); 0.5 metres at 20.1 g/t gold and 1 g/t silver (BUUY196, MU2, elevation of 1,297 metres); 2.85 metres at 9.9 g/t gold and 8 g/t silver (BUUY186, MU2, elevation of 1,327 metres); 7.4 metres at 7.0 g/t gold and 36 g/t silver, including 1.25 metres at 13.2 g/t gold and 102 g/t silver (BUUY192, MU2, elevation of 1,328 metres); 1.4 metres at 11.5 g/t gold and 205 g/t silver (BUUY192, MUS, elevation of 1,327 metres); 1.4 metres at 11.6 g/t gold and 424 g/t silver (BUUY192, MUS1, elevation of 1,298 metres); 0.5 metres at 10.8 g/t gold and 19 g/t silver (BUUY200, MU, elevation of 1,317 metres); 0.55 metres at 43.4 g/t gold and 266 g/t silver (BUUY201, MU, elevation of 1,494 metres); and 0.5 metres at 58.9 g/t gold and 117 g/t silver (BUUY199, MU, elevation of 1,161 metres); and, in the central vein families: 3.35 metres at 7.6 g/t gold and 4 g/t silver (BUUY196, VNE, elevation of 1,303 metres); 3.6 metres at 10 g/t gold and 19 g/t silver (BUUY207, VNE, elevation of 1,491 metres); 3.75 metres at 37.8 g/t gold and 369 g/t silver (BUUY192, VNC, elevation of 1,415 metres); 1.0 metres at 15.7 g/t gold and 30 g/t silver (BUUY199, VNC, elevation of 1,248 metres); 0.5 metres at 43.1 g/t gold and 7 g/t silver (BUUY199, VNB, elevation of 1,236 metres); and 10.8 metres at 11 g/t gold and 26 g/t silver, including 1.6 metres at 15.7 g/t gold and 84 g/t silver plus 2.3 metres at 29.8 g/t gold and 52 g/t silver (BUUY199, PRE, elevation of 1,204 metres); and, in the northern vein families: 1.0 metres at 84.4 g/t gold and 339 g/t silver (BUUY192, SAV, elevation of 1,460 metres); and 0.88 metres at 10.9 g/t gold and 116 g/t silver (BUUY199, HWV, elevation of 1,418 metres).