Continental Gold Announces Discovery of New Vein System, San Agustin

Continental Gold Limited (TSX:CNL, OTCQX:CGOOF) announced results for drilling at the Yaraguá vein system, including two holes which confirmed the discovery of a new vein system, San Agustin.

As quoted in the press release:

San Agustin Vein Target

• Exploration drilling into the San Agustin target, located up to 400 metres north of the Yaraguá vein system, has resulted in the discovery of several veins at depth. High-grade intercepts in the western side of San Agustin include:
  • 0.4 metres @ 49.7 g/t gold and 163 g/t silver (BUSY329, elevation 692 metres)
  • 0.53 metres @ 0.8 g/t gold and 647 g/t silver (BUSY324, elevation of 756 metres)
  • 1.63 metres @ 6.3 g/t gold and 7 g/t silver (BUSY324, elevation of 627 metres)

Continental’s CEO, Ari Sussman, said:

We are quite excited about making a new discovery at San Agustin. We are very encouraged that our first two drill-holes in San Agustin produced multiple veins at significant depths which correlate well with artisanal workings up to elevations above 900 metres. A dedicated diamond-drill rig has already been secured for this target and will begin turning in April in order to test the system at shallower depths and we are hopeful the grades and thicknesses will improve.

To view the whole press release, click here.