January 15, 2013 06:30 ET
Continental Gold Extends the High-Grade Gold and Silver in Yaragua and Veta Sur Vein Systems at Buritica, Colombia
TORONTO, ONTARIO--(Marketwire - Jan. 15, 2013) - Continental Gold Limited (TSX:CNL)(OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce results for 23 diamond drill-holes from the Yaraguá and Veta Sur vein systems, as part of the Company's ongoing exploration program at the Buriticá Project in Antioquia, Colombia. Seven drills are currently on site as part of the Company's Phase IV, minimum 95,000-metre diamond drill program for 2013.
Highlights
Yaraguá Vein System (Figures 1 and 2)
Drilling in the Yaraguá vein system ("Yaraguá") has resulted in extensions to several vein sets and recognition of new veins outside of the current mineral resource model, while demonstrating additional support for the mineral resource model prepared in accordance with National Instrument 43-101 ("NI 43-101").
In central and eastern Yaraguá, ten drill-holes transected the central and northern vein packages, with intersections of high-grade veins as good as or better than the current mineral resource model. Drill-hole intercepts exhibiting substantially higher grades and/or greater thicknesses than the mineral resource model include:
BUUY083: 22.3 metres @ 23.9 g/t gold and 255 g/t silver (including 4.6 metres @ 36.8 g/t gold, 1,071 g/t silver and 1.6 metres @ 183.0 g/t gold and 96 g/t silver) (Veins PRE and VNB, elevation of 1,364 metres)..
Link: http://www.marketwire.com/press-release/...ritica-tsx-cnl-1745648.htm |
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