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Continental Gold Limited (TSX:CNL,OTCQX:CGOOF) announced updates from its Buriticá project in Antioquia, Colombia.
Continental Gold Limited (TSX:CNL,OTCQX:CGOOF) announced updates from its Buriticá project in Antioquia, Colombia.
As quoted in the press release:
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Successful integration of 12 individual licences into one new 1,894-hectare exploitation (mining) licence valid for 30 years (until March 30, 2043). This exploitation licence covers essentially all of the Yaraguá and Veta Sur vein deposits and their potential exploration extensions.
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On track to submit the second and final modification required to the existing Environmental Impact Assessment to Corantioquia at the beginning of the fourth quarter of 2013.
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Well ahead of schedule in purchasing surface rights in advance of a construction decision in 2014, owning approximately 90% of the total areas required.
Continental’s CEO, Ari Sussman, said:
In these challenging times for the natural resources industry where work programs on metals projects for the majority of the industry are either slowing down or stalling completely, Continental plans to continue on with its plans at Buriticá. We intend to emerge from these difficult economic times an even stronger company than we are today, with a project that is further de-risked and advanced towards ultimate production. Furthermore, in this time frame, we fully intend to deliver robust growth to our total number of mineral resource ounces while simultaneously upgrading the ounce-quality of the deposit by converting existing inferred ounces into the measured and indicated categories under NI 43-101 guidelines.
To view the whole press release, click here.
