Resource News

Continental Gold Drills 16.7 Meters of 233 g/t Silver in Veta Sur

Resource Investing News

Continental Gold Ltd. (TSX:CNL,OTCQX:CGOOF) announced drill results from the Veta Sur vein system.

Continental Gold Ltd. (TSX:CNL,OTCQX:CGOOF) announced drill results from the Veta Sur vein system.

As quoted in the press release:

BUUY121 and BUUY118, intersected, respectively:
16.7 metres @ 58.7 g/t gold and 233 g/t silver, including 5.15 metres @ 184 g/t gold and 671 g/t silver (elevation of 1,639 metres); and
18.7 metres @ 22.4 g/t gold and 80 g/t silver, including 3.8 metres @ 99.6 g/t gold and 254 g/t silver (elevation of 1,654 metres).

Continental’s CEO, Ari Sussman, said:

In order to be prudent in this lower metals-price environment, our eight-rig drilling program (three surface and five underground) has been reduced by approximately 33% to 62,000 metres in 2013 and will focus for the remainder of the year primarily on infill and extensions at Veta Sur and Yaraguá, where we believe we can upgrade and grow our mineral resource base much faster and more economically than drilling new discoveries.

To view the whole press release, click here.

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