Continental Gold Drills 10.2 m @ 83.8 g/t Gold & 285 g/t Silver at Depth

Continental Gold Limited (TSX:CNL) announced results for the first two diamond drill-holes from the Company’s deep drilling program of the Veta Sur system at its Buriticá project in Antioquia, Colombia.

As quoted in the press release:

Over 90,000 metres of diamond drilling have been completed on the property to date and ten drills are currently on schedule to complete approximately 100,000 metres of surface and underground drilling by the end of 2011.
Highlights:

• BUSY210 and BUSY221, drilled deep into the Veta Sur system (Figures 1 and 2), have demonstrated high grade gold-silver mineralization over vertical extents of up to 1,180 metres, and to more than 600 metres below the maiden National Instrument 43-101 (“NI 43-101″) compliant resource model.
• All mineralized intercepts in BUSY221 are outside of the current resource model and significantly expand the resource potential of the Veta Sur system. High-grade gold and/or silver mineralization was encountered through 1,180 vertical metres and 350 metres of horizontal strike length with major intercepts
• BUSY210 extended the strike length of the Veta Sur system to over 500 metres and remains open to the southwest, northeast and at depth.
• Significant BUSY210 intercepts within the current resource model include:
• 8.0 m @ 9.3 g/t Gold and 17 g/t Silver, including 1.4 m @ 33.2 g/t Gold and 43 g/t Silver
• 2.0 m @ 20.2 g/t Gold and 16 g/t Silver
• 6.1 m @ 8.3 g/t Gold and 19 g/t Silver, including 2.5 m @ 14.9 g/t Gold and 30 g/t Silver
• Together, the two deep drill-holes significantly increase the resource potential of the Veta Sur system and will be followed up with additional deep drilling.

Continental Gold Ltd. CEO, Ari Sussman, said:

“Continental is at an exciting point in our path towards production in 2014. BUSY210 and BUSY221 have validated our exploration model for Buriticá and we are looking forward to continued expansion of our high-grade mineralized footprint,”

Click here to read the Continental Gold Limited (TSX:CNL) press release