Continental Gold Ltd. Presents at Scotiabank 14th Annual Mining Conference, Dec-04-2013 02:30 PM
Nov 23 13
Continental Gold Ltd. Presents at Scotiabank 14th Annual Mining Conference, Dec-04-2013 02:30 PM. Venue: Ritz Carlton, 181 Wellington St W., Toronto, ON M5V 3G7, Canada.
Continental Gold Limited Reports Operating Results for the Third Quarter of 2013; Provides Drilling Guidance for the Remainder of the Fiscal Year 2013
Nov 7 13
Continental Gold Limited reported operating results for the third quarter of 2013. The company announced drilling results on July 9, 2013 and August 27, 2013 for a total of 14 drill holes in the Veta Sur and La Estera vein systems. All drill holes in the Veta Sur vein system were successful in infilling the deposit, extending existing veins and encountering new veins outside of the mineral resource envelope. BUSY343 successfully intercepted mineralization 250 metres to the southwest of, and 400 metres below, the current Veta Sur mineral resource envelope. The company's development pace improved at the Higabra Valley tunnel to a rate of 2-3 metres per day. Drilling at Veta Sur continued to successfully infill the deposit, extending existing veins and encountering new veins outside of the current block model. BUUY126 extended two broad high-grade subzones in Veta Sur by encountering 28.4 metres at 20.5 g/t gold and 135 g/t silver, which exhibited Stage II visible gold-bearing mineralization. BUSY343, which was drilled from La Estera towards the north, encountered multiple mineralized intervals at deep elevations including 0.58 metres at 35.1 g/t gold and 36 g/t silver. This intercept, along with a few additional intercepts at this elevation, are up to 250 metres to the southwest of, and 400 metres below, the current mineral resource envelope at Veta Sur and represent the furthest step-out and vertical extensions of the Veta Sur system to date. Drilling of the La Estera area produced a number of mineralized intersections. BUSY337 was drilled in the western La Estera area to test for extensions of the different east-west trending vein families into this area. After intersecting the La Estrella vein package, BUSY337 intersected a base metal-poor vein package, interpreted to represent westerly and vertical extensions of the Laurel vein family. In addition, BUSY346 was drilled to the south of Veta Sur towards the north and intersected mineralization interpreted to be easterly extensions of the Laurel vein family.
Drilling for the remainder of the fiscal year will focus primarily on infill and extension drilling at the Veta Sur and Yaraguá vein systems, where the company believes they can upgrade and grow the mineral resource estimate much faster and more economically than drilling new targets.
Continental Gold Limited Drills and Samples High-Grade Gold and Silver in the Veta Sur System at Buriticá, Colombia
Oct 30 13
Continental Gold Limited announced results for 13 diamond drill-holes and surface and underground sampling from the Veta Sur and northern La Estera systems as part of the Company's ongoing exploration program at the Buriticá project in Antioquia, Colombia. Drilling continues on site with the goal of delivering robust mineral resource growth and upgrading inferred resources into the measured and indicated categories under National Instrument 43-101 (NI 43-101) guidelines. Highlights include: All drill-holes were successful in extending and infilling vein families in the Veta Sur system. Twelve drill-holes intersected a series of veins located north of the current NI 43-101 block model for the Veta Sur system. These yet unmodeled veins are northeast to southwest striking with dimensions of over 350 meters lateral strike by over 1,000 meters of vertical extent, with the veins remaining open to the northeast along strike and to depth. Select intercepts from a northeast to southwest direction include: 0.5 meters at 101.5 g/t gold and 20 g/t silver (BUUY149, elevation of 1,133 meters); 2.5 meters at 12 g/t gold and 37 g/t silver (BUSY353, elevation of 563 meters); 3.3 meters at 38.7 g/t gold and 9 g/t silver (BUSY357, elevation of 1,010 meters); 0.53 meters at 129 g/t gold and 11 g/t silver (BUSY357, elevation of 1,033 meters); 5.0 meters at 27.4 g/t gold and 21 g/t silver (BUSY351, elevation of 1,253 meters); 2.5 meters at 0.7 g/t gold and 526 g/t silver (BUUY163, elevation of 1,595 meters); and 1.02 meters at 12.8 g/t gold and 42 g/t silver (BUUY155, elevation of 1,620 meters). Three drill-holes (BUSY351, BUSY352 and BUSY357) intersected a series of veins located just south of the current NI 43-101 block model for the Veta Sur system. Additionally, drill-hole BUSY354 and channel sampling of the Veta Sur ramp intersected additional veins much further south of the current mineral resource block model and are interpreted to represent a greater than 150-metre step-out along strike of the Laurel vein system within the La Estera Area. Highlighted intercepts include: 0.5 meters at 32.5 g/t gold and 64 g/t silver (BUSY357, elevation of 1,347 meters); 1.2 meters at 18.3 g/t gold and 1,868 g/t silver (BUSY354, elevation of 1,687 meters); 1.3 meters at 28.9 g/t gold and 4 g/t silver (BUSY354, elevation of 1,667 meters); 1.5 meters at 16.9 g/t gold and 286 g/t silver (Veta Sur ramp, elevation of 1,684 meters); and 1.2 meters at 4.4 g/t gold and 1,915 g/t silver (Veta Sur ramp, elevation of 1,678 meters). Elsewhere, several drill-holes extended veins within the Veta Sur mineralized envelope to greater depths than the current mineral resource model, with intercepts including: 0.58 meters at 77.3 g/t gold and 3 g/t silver (BUSY344, elevation of 702 meters); 2.1 meters at 30.2 g/t gold and 20 g/t silver (BUSY357, elevation of 1,283 meters); and 2.1 meters at 33.9 g/t gold and 8 g/t silver (BUUY149, elevation of 1,343 meters); whereas several drill-holes and near-surface sampling extended veins to higher elevations than in the current mineral resource model, with intercepts including: 1.05 meters at 79.8 g/t and 280 g/t silver (BUUY167, elevation of 1,697 meters); 4.1 meters at 65.1 g/t gold and 54 g/t silver (BUUY180, elevation of 1,697 meters); and 1.02 meters at 53.8 g/t gold and 62 g/t silver (Surface sample, elevation of 1,721 meters).