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Last C$2.01 CAD
Change Today -0.08 / -3.83%
Volume 1.1M
CNL On Other Exchanges
Symbol
Exchange
CNL is not on other exchanges.
As of 4:00 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

continental gold ltd (CNL) Snapshot

Open
C$2.00
Previous Close
C$2.09
Day High
C$2.04
Day Low
C$1.95
52 Week High
03/14/14 - C$5.27
52 Week Low
10/31/14 - C$1.61
Market Cap
255.7M
Average Volume 10 Days
996.2K
EPS TTM
C$-0.17
Shares Outstanding
127.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CONTINENTAL GOLD LTD (CNL)

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continental gold ltd (CNL) Details

Continental Gold Limited is engaged in the acquisition, exploration, evaluation and development of gold resource properties in Colombia. The company’s principal property, the Buriticá project, comprises 15 registered concessions covering approximately 13,729 hectares in north-western Colombia. It also holds the rights to explore and develop 4 properties in Colombia, covering approximately 154,822 hectares, including 33 registered concession contracts covering approximately 54,896 hectares, 63 applications with technical study covering approximately 91,887 hectares, and 11 pending concession applications covering approximately 8,039 hectares. The company was founded in 2007 and is based in Toronto, Canada.

489 Employees
Last Reported Date: 03/6/14
Founded in 2007

continental gold ltd (CNL) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $470.1K
Interim President, Director and Member of Com...
Total Annual Compensation: $250.3K
Chief Financial Officer
Total Annual Compensation: $282.1K
Vice President of Exploration
Total Annual Compensation: $248.0K
Compensation as of Fiscal Year 2013.

continental gold ltd (CNL) Key Developments

Continental Gold Limited Reports Results for 20 Diamond Drill-Holes Through the Eastern Yaraguá Vein System at Buriticá Project in Antioquia, Colombia

Continental Gold Limited announced results for 20 diamond drill-holes through the eastern Yaraguá vein system at the Company's 100%-owned Buriticá project in Antioquia, Colombia. Drilling continues with the goal of upgrading Inferred resources into the Measured and Indicated categories under National Instrument 43-101 ("NI 43-101") guidelines, and delivering overall robust mineral resource growth. The Company recently released a Preliminary Economic Assessment (the "2014 PEA") of the Buriticá Project. The 2014 PEA (entitled "Buritica Gold Project, NI 43-101 Technical Report Preliminary Economic Assessment, Antioquia, Colombia", and dated December 22, 2014 with an effective date of November 17, 2014) is preliminary in nature and includes inferred mineral resources that are considered to be too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty the 2014 PEA will be realized. Further, mineral resources are not mineral reserves and have not demonstrated economic viability. Highlights: Drilling, largely at near true width angles to the vein domains, was successful in extending and infilling sections of the eastern Yaraguá vein system through more than 400 metres of vertical and 350 metres of lateral extents. Infill drill-holes encountered multiple vein families with grades X thicknesses that are substantially greater than those expected from the current mineral resource block model for Yaraguá. Broad and/or high-grade intercepts (intervals 70% or more of true width) in related master veins include: 1.1 metres @ 18.3 g/t gold and 22 g/t silver (BUUY279, VNC, elevation of 1,065 metres); 4.1 metres @ 17.8 g/t gold and 17 g/t silver, including 1.2 metres @ 55.9 g/t gold and 51 g/t silver (BUUY281, VNE, elevation of 1,104 metres); 0.93 metres @ 52.8 g/t gold and 40 g/t silver (BUUY284, MU4, elevation of 1,155 metres); 2.82 metres @ 100.1 g/t gold and 10 g/t silver (BUUY285D01, HWV, elevation of 1,227 metres); 1.4 metres @ 151.6 g/t gold and 37 g/t silver (BUUY293, VNA, elevation of 1,177 metres); 19.15 metres @ 11.1 g/t gold and 28 g/t silver, including 2.72 metres @ 56 g/t gold and 75 g/t silver (BUUY294, MUS, elevation of 1,254 metres); 2.8 metres @ 24.1 g/t gold and 114 g/t silver, including 1.05 metres @ 62.1 g/t gold and 296 g/t silver (BUUY297, MU10, elevation of 1,052 metres); 1.3 metres @ 56.5 g/t gold and 27 g/t silver (BUUY299, MU1, elevation of 1,082 metres); 0.65 metres @ 43.5 g/t gold and 4 g/t silver (BUUY300, FWV, elevation of 1,177 metres); 1.07 metres @ 24.4 g/t gold and 146 g/t silver (BUUY303, MU1, elevation of 1,145 metres); 3.12 metres @ 8.9 g/t gold and 31 g/t silver (BUUY303, MU, elevation of 1,132 metres); 1.21 metres @ 17.2 g/t gold and 20 g/t silver (BUUY303, SAV, elevation of 1,107 metres); and 2.65 metres @ 21.5 g/t gold and 21 g/t silver (GEOMK15, MU1, elevation of 1,484 metres). These and other intercepts in the 1,000-1,400-metre range of elevations will contribute to increased confidence levels of high-grade gold and silver mineral resources within the master veins located in eastern Yaraguá. The grade X thicknesses of these veins are particularly encouraging as this area is proximal to the main haulage developments proposed in the 2014 PEA and more importantly restricted the influence of an area within Yaraguá that was previously modelled as containing predominately low to medium precious metal grades. Step-out drilling also intersected multiple veins below or to the south of the current Yaraguá mineral resource envelope, significantly extending the vertical extents of most vein families in eastern Yaraguá. Key intercepts, below the current mineral resource envelope, include: 0.65 metres @ 32.4 g/t gold and 18 g/t silver (BUUY281, elevation of 1,136 metres); 3.95 metres @ 9.4 g/t gold and 14 g/t silver (BUUY283, elevation of 966 metres); 2.55 metres @ 9.1 g/t gold and 11 g/t silver (BUUY283, elevation of 912 metres); 0.53 metres @ 20.7 g/t gold and 5 g/t silver (BUUY287, elevation of 1076 metres); 0.5 metres @ 41.2 g/t gold and 61 g/t silver (BUUY287, elevation of 1068 metres); 0.8 metres @ 18.6 g/t gold and 4 g/t silver (BUUY293, elevation of 1,174 metres); 1.1 metres @ 10.6 g/t gold and 50 g/t silver (BUUY295, elevation of 968 metres); 0.6 metres @ 12.3 g/t gold and 198 g/t silver (BUUY295, elevation of 870 metres); and 0.5 metres @ 30.7 g/t gold and 235 g/t silver (BUUY302, elevation of 1,127 metres).

Continental Gold Limited Announces Results for 15 Diamond Drill-Holes Through the Veta Sur Vein System at Buritica, Colombia

Continental Gold Limited announced results for 15 diamond drill-holes through the Veta Sur vein system at the Company's 100%-owned Buriticá project in Antioquia, Colombia. Drilling was successful in infilling central sections of the Veta Sur vein system through 300 metres of vertical and 300 metres of lateral extents. The Veta Sur system was also extended to the north, southwest and to depth and remains open in these directions. Two of the drill holes, which were designed to infill Veta Sur, continued through the system to the northwest, encountering new veins. Additionally, these two holes then continued past the Veta Sur system and encountered the Yaraguá vein system approximately 300 metres from the most westerly-modeled vein family. In central Veta Sur, drill holes encountered multiple vein families with grades X thicknesses that are substantially greater than those expected from the current mineral resource block model. Broad and/or high-grade intercepts and related master veins include: 10.85 metres @ 56.4 g/t gold and 163 g/t silver, including 2.55 metres @ 108.1 g/t gold and 320 g/t silver (BUSY369D04, V42, elevation of 1,315 metres); 9.75 metres @ 26.4 g/t gold and 91 g/t silver, including 1.68 metres @ 105.0 g/t gold and 366 g/t silver (BUSY369D07, V42, elevation of 1,324 metres); 12.0 metres @ 27.3 g/t gold and 46 g/t silver, including 1.35 metres @ 142.8 g/t gold and 195 g/t silver (BUSY369D11, V42, elevation of 1,272 metres); 0.6 metres @ 116 g/t gold and 109 g/t silver (BUUY289D02, V34, elevation of 1,185 metres); 14.2 metres @ 12.2 g/t gold and 17 g/t silver, including 2.15 metres @ 65.6 g/t gold and 78 g/t silver (BUUY289D02, V31, elevation of 1,152 metres); 0.5 metres @ 107.5 g/t gold and 91 g/t silver (BUUY289D03, V41, elevation of 1,237 metres); 12.7 metres @ 14.8 g/t gold and 87 g/t silver, including 2.0 metres @ 74.9 g/t gold and 468 g/t silver (BUUY289D03, V31, elevation of 1,186 metres); and 1.18 metres @ 97.4 g/t gold and 6 g/t silver (BUUY289D04, V34, elevation of 1,217 metres). These and other intercepts in the 1,100-1,400-metre range of elevations will contribute to increased confidence levels of high-grade gold and silver mineral resources in master veins of central Veta Sur. The grade X thicknesses of these veins are encouraging for future development of an area that is close to mining and haulage development proposed in the 2014 PEA. Elsewhere in central to western Veta Sur, drilling intersected multiple veins below or to the southwest of the current mineral resource envelope, significantly extending the lateral and vertical extents of northern vein families in this area. Key intercepts, in relation to the Veta Sur mineral resource envelope, include: 5.75 metres @ 18.6 g/t gold and 31 g/t silver, including 1.3 metres @ 58.6 g/t gold and 78 g/t silver (BUSY369D09, elevation of 1,360 metres); 0.5 metres @ 2.7 g/t gold and 903 g/t silver (BUSY369D10, elevation of 1,176 metres, outside mineral resource envelope); 1.2 metres @ 4.7 g/t gold and 853 g/t silver (BUUY289D06, elevation of 1,170 metres); and 4.75 metres @ 5.1 g/t gold and 13 g/t silver (BUUY289D06, elevation of 975 metres, outside mineral resource envelope). These and other extensions of the Veta Sur system shown are all in proximity to mining development proposed in the 2014 PEA. To the north and west of the current Veta Sur mineral resource envelope, two drill holes encountered multiple families of veins that are interpreted to represent as-yet unmodelled northern Veta Sur vein families and also far western extensions of the Yaraguá vein system. Significant intercepts include: 1.6 metres @ 7.4 g/t gold and 41 g/t silver (BUSY369D10, elevation of 1,081 metres); 7.86 metres @ 7.2 g/t gold and 29 g/t silver, including 2.14 metres @ 19.1 g/t gold and 77 g/t silver (BUUY289D05, elevation of 762 metres); and 0.93 metres @ 11.5 g/t gold and 2 g/t silver (BUUY289D05, elevation of 718 metres). These and other intercepts in the 1,100 to 1,400-metre range of elevations will contribute to increased confidence levels of high-grade gold and silver mineral resources in master veins of central Veta Sur. The grade X thicknesses encountered are particularly encouraging for potential mining in an area that is close to main haulage development proposed in the 2014 PEA. Elsewhere in central to western Veta Sur, drilling intersected multiple veins below or to the southwest of the current mineral resource envelope, substantially extending the lateral and vertical extents of northern vein families in this area. Key intercepts and their relationships to the Veta Sur mineral resource envelope, include: 5.75 metres @ 18.6 g/t gold and 31 g/t silver, including 1.3 metres @ 58.6 g/t gold and 78 g/t silver (BUSY369D09, elevation of 1,360 metres); 0.5 metres @ 2.7 g/t gold and 903 g/t silver (BUSY369D10, elevation of 1,176 metres, outside mineral resource envelope); 1.2 metres @ 4.7 g/t gold and 853 g/t silver (BUUY289D06, elevation of 1,170 metres); and 4.75 metres @ 5.1 g/t gold and 13 g/t silver (BUUY289D06, elevation of 975 metres, outside mineral resource envelope). These and other extensions of the Veta Sur system shown in are all in proximity to mining development proposed in the 2014 PEA. To the north and west of the current Veta Sur mineral resource envelope, two drill holes (BUSY369D10 (from 517 metres down-hole) and BUUY289D05 (from 700 metres down-hole) encountered multiple families of veins that are interpreted to represent as-yet unmodelled northern Veta Sur vein families, and also the farthest yet-drilled western extensions of the Yaraguá vein system. Significant intercepts include: 1.6 metres @ 7.4 g/t gold and 41 g/t silver (BUSY369D10, elevation of 1,081 metres); 7.86 metres @ 7.2 g/t gold and 29 g/t silver, including 2.14 metres @ 19.1 g/t gold and 77 g/t silver (BUUY289D05, elevation of 762 metres); and 0.93 metres @ 11.5 g/t gold and 2 g/t silver (BUUY289D05, elevation of 718 metres).

Continental Gold Limited Announces Executive Changes

Continental Gold Limited announced the appointment of Mr. Donald (Don) Gray as Chief Operating Officer of the company, effective February 23, 2015. He will be headquartered out of the Company's office in Medellín, Colombia. In addition, the Company announced that Mark Moseley-Williams, President and Chief Operating Officer, will be stepping down immediately as a senior officer of the Company for personal reasons, but will continue to provide consulting services through a transition period. Gustavo Koch, Executive Vice-President, has been appointed Interim President of the Company's Colombian branch. Most recently, Mr. Gray was Vice-President, Operations for Tahoe Resources Inc.

 

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