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23 March 2019

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22-Mar-2019 (13:01)
Commodities Buzz: Continental Gold Announces Positive Mineral Resource Estimate At Its Buritica Project

Continental Gold announced a positive mineral resource estimate for Broad Mineralized Zone 1 (BMZ1) located in the central-west portion of the Yaraguá system at its 100%-owned Buritica project in Antioquia, Colombia. All information incorporated for estimating the mineral resources for BMZ1 was derived from a recompilation of the block models used to calculate the global mineral resource estimate for the Buritica project announced on January 30, 2019.

The company indicated a combined Measured and Indicated mineral resource estimate of 828,870 tonnes at 14.15 g/t gold and 22.9 g/t silver for 377,000 ounces of gold and 611,000 ounces of silver for the project. Inferred mineral resource estimate is at 141,150 tonnes at 5.37 g/t gold and 12.1 g/t silver for 24,400 ounces of gold and 55,000 ounces of silver.

BMZ1 continues to expand and this initial mineral resource estimate highlights the potential of this zone to provide greater flexibility for mine planning and more ounces per vertical meter during production, stated Ari Sussman, CEO of Continental. Continental Gold is the leading large-scale gold mining company in Colombia and is presently developing its 100% owned Buritica project in Antioquia. Buritica is one of the largest and highest-grade gold projects in the world and is being advanced utilizing best practices for mine construction, environmental care and community inclusion.

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