Issue link: http://resourceworld.uberflip.com/i/1152269
A U G U S T / S E P T E M B E R 2 0 1 9 www.resourceworld.com 43 MINING Continental Gold drills high-grade gold at Buritica Project CONTINENTAL GOLD INC. [CNL-TSX; CGOOF-OTC] has released high-grade assay results for 11 diamond drill holes drilled into the eastern portion of the Yaragua system at its 100%-owned Buritica project located in western Antioquia, Colombia. The company plans to drill up to 73,500 metres in 2019, consisting of approximately 55,000 metres of capitalized definition drill - ing and approximately 18,500 metres of exploration drilling targeting broad miner- alized zone (BMZ) targets. Highlights include 10.08 g/t gold and 8.0 g/t silver over 4.00 metres; 36.20 g/t gold and 2.6 g/t silver over 0.60 metres; and 54.31 g/t gold and 19.7 g/t silver over 3.05 metres – all included higher grade sections. Hole DYR0289 had a 1-metre section that graded 1,297.32 g/t gold and 402.8 g/t silver. Initial exploration holes drilled into the northeast part of the Yaragua system, tar - geting the Centena vein family intersected visible gold. Highlights included 1.20 metres at 44.90 g/t gold and 50.4 g/t sil- ver and 0.50 metres of 582.00 g/t gold and 159.0 g/t silver. In a press release, the company pointed out that these intercepts are grading sig- nificantly higher than the current inferred mineral resource block model estimate for this area of the Centena vein. High-grade gold mineralization remains open along strike and down dip. Six new drill holes are currently progressing to test the Centena vein with additional holes planned. This portion of the Centena vein is located about 100 metres below current underground mine development and plans are to drive toward this zone near term to enable further definition drilling and incorporation of this area into the earlier years of a new mine plan. Centena is a northwest-to-southeast high-grade master vein with a continuous strike of over 800 metres, which crosses the majority of the east-west-trending Yaragua master vein system. The intersection of the Centena and Yaragua vein systems typi - cally results in zones of higher-grade gold and silver over wider intervals. "Our strategy of drill testing targets that have potential for being incorpo- rated into the first three years of mine life at Buritica has yielded excellent results in 2019. With the recent discovery of BMZ4 and assay results from drilling of the Centena vein yielding, on a weighted average basis, greater than a 500% higher grade of gold than the mineral resource block model in the corresponding loca - tions, we have plenty to look forward to in the coming months," said Ari Sussman, Chief Executive Officer. The company remains on schedule for first gold pour in Q1 2020. Continental Gold recently closed a $25 million non- brokered private placement with mining financier Eric Sprott. Through 2176423 Ontario Ltd., a company that Mr. Sprott beneficially owns, he received 10,645,200 common shares of Continental. n