Continental Gold Drills Highest Grade Intercept to Date in BMZ1 at Buritica,Colombia

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Continental Gold Ltd. is an advance-stage exploration company with an extensive portfolio of gold projects in mineral-prolific regions of Colombia,South America

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Continental Gold Drills Highest Grade Intercept to Date in BMZ1 at Buritica,Colombia

posted on Feb 12, 2019 11:31AM

2019-02-12 09:15:23 AM ET (MT Newswires)

09:15 AM EST, 02/12/2019 (MT Newswires) -- Continental Gold Inc. (CNL.TO) today reported additional high-grade assay results from 12 holes drilled into the Yaragua system as part of the drilling program at its Buritica project in Antioquia, Colombia. The company plans to drill up to 73,500 metres in 2019, consisting of approximately 55,000 metres of capitalized definition drilling and approximately 18,500 metres of exploration-led infill drilling primarily targeting the broad mineralized zones.

CNL noted that drilling also intercepted the highest grade X thickness of gold mineralization to date in BMZ1 (Broad Mineralized Zone 1) as follows:

19.90 metres @ 89.08 g/t gold equivalent, including a spectacular sub-interval of 0.50 metres @ 3,194.51 g/t gold equivalent (1,267 metre-elevation).

CNL also said that "the BMZ consists of a group of modelled precious metal-bearing veins in the current mineral resource estimate block model with mineralization occurring between these veins, generally in the form of veinlets at oblique angles to strike. The majority of the mineralization between modelled veins is not in the current mineral resource estimate, providing potential upside both in terms of identifying significantly broader and more productive zones for mining and increased mineral resources."

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