Continental Gold Releases More Results for Inclusion in Updated Mineral Resource

Continental Gold Inc. (TSX:CNL,OTCQX:CGOOF) announced results from 20 diamond drill holes completed at the Veta Sur and Yaragua vein systems at its Colombia-based Buritica project. The company is working on an updated mineral resource estimate for the project, and these results will be the last added to the database.

Highlights include:

• Step-out drilling was successful in extending the Veta Sur system to the east, to the west and to depth. These drill-holes also infilled areas of the Veta Sur and western Yaraguá systems over a significant range of elevations.
• In eastern Veta Sur, drilling intersected high-grade veins below or to the east of the current Veta Sur mineral resource envelope. New intercepts include:
  • 5.55 metres @ 16.9 g/t gold and 56 g/t silver, including 1.2 metres @ 45.3 g/t gold and 96 g/t silver (BUUY311D02, elevation of 1,133 metres);
  • 1.3 metres @ 178.0 g/t gold and 109 g/t silver (BUUY311D03, elevation of 1,058 metres);
  • 5.7 metres @ 50.7 g/t gold and 25 g/t silver, including 1.06 metres @ 176.9 g/t gold and 89 g/t silver (BUUY311D05, elevation of 1,085 metres); and
  • 4.05 metres @ 21.5 g/t gold and 38 g/t silver, including 1.03 metres @ 68.5 g/t gold and 68 g/t silver (BUUY311D05, elevation of 1,058 metres).

These intercepts are interpreted to represent extensions of the northern Veta Sur vein families, covering a range of elevations. These vein families remain open along strike to the east at depth.

• Infill drilling encountered multiple vein families with grades X thicknesses that are commonly substantially greater than those expected from the current mineral resource block models for eastern Veta Sur and for western Yaraguá. High-grade intercepts in related master veins, include:
• 1.6 metres @ 75.3 g/t gold and 36 g/t silver (BUUY311D02, MU, elevation of 1,037 metres);
  • 1.0 metres @ 162.8 g/t gold and 30 g/t silver (BUUY311D03, V30, elevation of 1,089 metres);
  • 0.5 metres @ 40.2 g/t gold and 14 g/t silver (BUUY311D04, V30, elevation of 1,044 metres); and
  • 2.65 metres @ 91.2 g/t gold and 42 g/t silver, including 1.0 metres @ 237.1 g/t gold and 83 g/t silver (BUUY311D05, V42, elevation of 1,132 metres).

These and other infill intercepts extend higher grade sub-domains in several vein families in both the eastern Veta Sur and western Yaraguá systems.

• In western and far western Veta Sur, step-out drilling intersected multiple veins below or outside of the current Veta Sur mineral resource envelope. Key high-grade and/or broad intercepts in these areas include:
  • 1.1 metres @ 41.9 g/t gold and 28 g/t silver (BUUY289D07, elevation of 913 metres);
  • 5.1 metres @ 16.5 g/t gold and 18 g/t silver, including 1.0 metres @ 70.4 g/t gold and 59 g/t silver (BUUY308D02, elevation of 1,177 metres);
  • 11.06 metres @ 11.7 g/t gold and 30 g/t silver, including 1.61 metres @ 31.6 g/t gold and 75 g/t silver (BUUY308D02, elevation of 871 metres);
  • 4.04 metres @ 29.9 g/t gold and 128 g/t silver, including 1.11 metres @ 63.0 g/t gold and 167 g/t silver(BUUY308D03, elevation of 1,041 metres); and
  • 3.53 metres @ 14.5 g/t gold and 115 g/t silver, including 2.03 metres @ 23.7 g/t gold and 190 g/t silver(BUSY372D06, elevation of 995 metres).

These and other intercepts are interpreted to represent extensions of both northern and southern Veta Sur vein families and are encouraging for mineral resource growth in the western portion of the Veta Sur system at moderate elevations in the range of 1,400-900 metres. These vein families remain open vertically and to the southwest.

• Infill drilling in western Veta Sur encountered multiple vein families with grades X thicknesses that are commonly substantially greater than those expected from the current mineral resource block model in this area. High-grade intercepts in related master veins, include:
• 2.98 metres @ 19.2 g/t gold and 19 g/t silver, including 1.1 metres @ 33.0 g/t gold and 17 g/t silver (BUUY308D03, V41, elevation of 1,050 metres);
• 2.13 metres @ 34.7 g/t gold and 124 g/t silver, including 1.05 metres @ 57.8 g/t gold and 219 g/t silver (BUUY308D04, V43, elevation of 1,218 metres);
  • 2.33 metres @ 45.8 g/t gold and 65 g/t silver, including 1.24 metres @ 81.7 g/t gold and 106 g/t silver (BUUY308D06, V43, elevation of 1,143 metres); and
  • 1.83 metres @ 40.7 g/t gold and 310 g/t silver (BUSY372D04, V110, elevation of 1,070 metres).

Ari Sussman, president and CEO of Continental, commented:

Veta Sur continues to deliver robust results and we remain confident that this will be reflected in our upcoming updated mineral resource estimate.

Click here to read the full Continental Gold Inc. (TSX:CNL,OTCQX:CGOOF) press release.