Continental Gold Inc. Announces Updated Mineral Resource Estimate for Buriticá Project, Colombia
Jun 24 15
Continental Gold Inc. announced an updated mineral resource estimate for the Yaraguá and Veta Sur vein systems at its 100%-owned Buriticá project in Antioquia, Colombia. Undertaken by independent consultants, Mining Associates Limited, the mineral resource estimate is based on 271,003 metres of drill core sampling and 7,215 metres of underground sampling and was prepared in accordance with National Instrument 43-101. The mineral resource estimate represents significant increases in Measured and Indicated (M&I) resources and Inferred resources of gold, silver and zinc over those of the previous mineral resource estimate for the Buriticá project, which was based on the Buriticá database as at December 31, 2013. The updated mineral resource estimate reflects higher estimated tonnages and higher grades. Gold equivalent mineral resources in the M&I category increased by 60% at higher grades (11.4 g/t AuEq) than the 2014 Estimate (11.0 g/t AuEq=Au+Ag/50). Tonnage-grade estimates were also made of 2-metre wide halos on both sides of vein domains. The halo zone on each side of the vein for up to 2 metres in distance was also estimated along with the vein in 2D unfolded space. Informing samples were selected separately for the hanging wall and footwall for each vein. These mineral resource estimates for the Veta Sur vein system are contained in 38 vein domains with average strike extents of 575 metres and average depths extents of 990 metres within more extensive vein envelopes, up to 1,140-metre strike length and 1,600-metre vertical extents. These mineral resource estimates for the Yaraguá vein system are contained in 51 vein domains containing mineral resources above 3 g/t gold cut-off grade with average strike extents of 470 metres and average depth extents of 910 metres within more extensive vein envelopes, up to 1,125 metres strike length and 1,540 metre vertical extents. Mineral resource growth and the increased proportion of higher confidence (M&I) resources reflect a 44% increase in the number of composites defining the vein domains in Yaraguá, primarily resulting from 2014- 2015 drilling and channel sampling.
Continental Gold Announces Results for 20 Diamond Drill-Holes Through Veta Sur and Yaraguá Vein Systems at Buriticá Project in Antioquia, Colombia
Jun 16 15
Continental Gold Inc. announced results for 20 diamond drill-holes through the Veta Sur and Yaraguá vein systems at the company's 100%-owned Buriticá project in Antioquia, Colombia. An updated mineral resource estimate for the Buriticá project is nearing completion and the results below are the final assays to be included in the database prior to cut-off. Step-out drilling was successful in extending the Veta Sur system to the east, to the west and to depth. These drill-holes also infilled areas of the Veta Sur and western Yaraguá systems over a significant range of elevations. o In eastern Veta Sur, drilling intersected high-grade veins below or to the east of the current Veta Sur mineral resource envelope. New intercepts include: 5.55 metres @ 16.9 g/t gold and 56 g/t silver, including 1.2 metres @ 45.3 g/t gold and 96 g/t silver (BUUY311D02, elevation of 1,133 metres); 1.3 metres @ 178.0 g/t gold and 109 g/t silver (BUUY311D03, elevation of 1,058 metres); 5.7 metres @ 50.7 g/t gold and 25 g/t silver, including 1.06 metres @ 176.9 g/t gold and 89 g/t silver (BUUY311D05, elevation of 1,085 metres); and 4.05 metres @ 21.5 g/t gold and 38 g/t silver, including 1.03 metres @ 68.5 g/t gold and 68 g/t silver (BUUY311D05, elevation of 1,058 metres). These intercepts are interpreted to represent extensions of the northern Veta Sur vein families, covering a range of elevations. These vein families remain open along strike to the east at depth. o Infill drilling encountered multiple vein families with grades X thicknesses that are commonly substantially greater than those expected from the current mineral resource block models for eastern Veta Sur and for western Yaraguá. High-grade intercepts in related master veins, include: 1.6 metres @ 75.3 g/t gold and 36 g/t silver (BUUY311D02, MU, elevation of 1,037 metres); 1.0 metres @ 162.8 g/t gold and 30 g/t silver (BUUY311D03, V30, elevation of 1,089 metres); 0.5 metres @ 40.2 g/t gold and 14 g/t silver (BUUY311D04, V30, elevation of 1,044 metres); and 2.65 metres @ 91.2 g/t gold and 42 g/t silver, including 1.0 metres @ 237.1 g/t gold and 83 g/t silver (BUUY311D05, V42, elevation of 1,132 metres). These and other infill intercepts extend higher grade sub-domains in several vein families in both the eastern Veta Sur and western Yaraguá systems. o In western and far western Veta Sur, step-out drilling intersected multiple veins below or outside of the current Veta Sur mineral resource envelope. Key high-grade and/or broad intercepts in these areas include: 1.1 metres @ 41.9 g/t gold and 28 g/t silver (BUUY289D07, elevation of 913 metres); 5.1 metres @ 16.5 g/t gold and 18 g/t silver, including 1.0 metres @ 70.4 g/t gold and 59 g/t silver (BUUY308D02, elevation of 1,177 metres); 11.06 metres @ 11.7 g/t gold and 30 g/t silver, including 1.61 metres @ 31.6 g/t gold and 75 g/t silver (BUUY308D02, elevation of 871 metres); 4.04 metres @ 29.9 g/t gold and 128 g/t silver, including 1.11 metres @ 63.0 g/t gold and 167 g/t silver (BUUY308D03, elevation of 1,041 metres); and 3.53 metres @ 14.5 g/t gold and 115 g/t silver, including 2.03 metres @ 23.7 g/t gold and 190 g/t silver (BUSY372D06, elevation of 995 metres). These and other intercepts are interpreted to represent extensions of both northern and southern Veta Sur vein families and are encouraging for mineral resource growth in the western portion of the Veta Sur system at moderate elevations in the range of 1,400-900 metres. These vein families remain open vertically and to the southwest. Infill drilling in western Veta Sur encountered multiple vein families with grades X thicknesses that are commonly substantially greater than those expected from the current mineral resource block model in this area. High-grade intercepts in related master veins, include: 2.98 metres @ 19.2 g/t gold and 19 g/t silver, including 1.1 metres @ 33.0 g/t gold and 17 g/t silver (BUUY308D03, V41, elevation of 1,050 metres); 2.13 metres @ 34.7 g/t gold and 124 g/t silver, including 1.05 metres @ 57.8 g/t gold and 219 g/t silver (BUUY308D04, V43, elevation of 1,218 metres); 2.33 metres @ 45.8 g/t gold and 65 g/t silver, including 1.24 metres @ 81.7 g/t gold and 106 g/t silver (BUUY308D06, V43, elevation of 1,143 metres); and 1.83 metres @ 40.7 g/t gold and 310 g/t silver (BUSY372D04, V110, elevation of 1,070 metres). These and other infill intercepts extend high grade sub-domains in central and southern veins in western Veta Sur.
Continental Gold Limited Appoints René Marion to Board of Directors
May 29 15
Continental Gold Limited announced the appointment of Mr. René Marion to its Board of Directors, effective May 28, 2015. Mr. Marion is a senior corporate executive with diversified management and technical experience and extensive resource industry expertise in operations, mineral exploration, and mine development.