Continental Gold Ltd. (TSX:CNL,OTCQX:CGOOF) announced results from 15 diamond drill holes at the Veta Sur vein system located at its Colombia-based Buritica project.
Continental Gold Ltd. (TSX:CNL,OTCQX:CGOOF) announced results from 15 diamond drill holes at the Veta Sur vein system located at its Colombia-based Buritica project. Drilling at that location is aimed at upgrading inferred resources into the measured and indicated categories.
Drill highlights include:
- Drilling was successful in infilling central sections of the Veta Sur vein system through 300 metres of vertical and 300 metres of lateral extents. The Veta Sur system was also extended to the north, southwest and to depth and remains open in these directions. Two of the drill holes, which were designed to infill Veta Sur, continued through the system to the northwest, encountering new veins. Additionally, these two holes then continued past the Veta Sur system and encountered the Yaraguá vein system approximately 300 metres from the most westerly-modeled vein family.
- In central Veta Sur, drill holes encountered multiple vein families with grades X thicknesses that are substantially greater than those expected from the current mineral resource block model. Broad and/or high-grade intercepts and related master veins include:
- 10.85 metres @ 56.4 g/t gold and 163 g/t silver, including 2.55 metres @ 108.1 g/t gold and 320 g/t silver (BUSY369D04, V42, elevation of 1,315 metres);
- 9.75 metres @ 26.4 g/t gold and 91 g/t silver, including 1.68 metres @ 105.0 g/t gold and 366 g/t silver (BUSY369D07, V42, elevation of 1,324 metres);
- 12.0 metres @ 27.3 g/t gold and 46 g/t silver, including 1.35 metres @ 142.8 g/t gold and 195 g/t silver (BUSY369D11, V42, elevation of 1,272 metres);
- 0.6 metres @ 116 g/t gold and 109 g/t silver (BUUY289D02, V34, elevation of 1,185 metres);
- 14.2 metres @ 12.2 g/t gold and 17 g/t silver, including 2.15 metres @ 65.6 g/t gold and 78 g/t silver (BUUY289D02, V31, elevation of 1,152 metres);
- 0.5 metres @ 107.5 g/t gold and 91 g/t silver (BUUY289D03, V41, elevation of 1,237 metres);
- 12.7 metres @ 14.8 g/t gold and 87 g/t silver, including 2.0 metres @ 74.9 g/t gold and 468 g/t silver (BUUY289D03, V31, elevation of 1,186 metres); and
- 1.18 metres @ 97.4 g/t gold and 6 g/t silver (BUUY289D04, V34, elevation of 1,217 metres).
Watch the video below to hear what Louis James of Casey Research thinks of Continental Gold: