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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Altius Minerals Corporation | TSX:ALS | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.39 | -1.43% | 26.89 | 26.79 | 26.92 | 27.33 | 26.85 | 27.28 | 55,230 | 21:10:33 |
Editors note: There are three graphics associated with this press release. Continental Gold Limited (TSX:CNL)(OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce results for 17 diamond drill-holes in the Veta Sur, Laurel and Yaragua vein systems at the Company's 100%-owned Buritica project in Antioquia, Colombia. Drilling continues throughout 2014 with the goal of upgrading Inferred resources into the Measured and Indicated categories under National Instrument 43-101 ("NI 43-101") guidelines, and delivering overall robust mineral resource growth. Highlights (referenced in Figures 1, 2 and 3) -- Drilling was successful in extending and infilling the central and northeastern areas of the Veta Sur vein system through a broad range of elevations. Northeast extensions of the Laurel vein system (south of Veta Sur) were intersected in nine drill-holes. Extensions to, and infill of, the western Yaragua system were also achieved. Drilling includes the Company's first six directionally-drilled holes, increasing the productivity and reducing the costs of the mineral resource delineation program at Buritica. Veta Sur Vein System -- Through a 250-metre strike length of central and northeastern Veta Sur, drill-holes intersected multiple veins outside of the current Veta Sur mineral resource envelope. Significant intercepts were made over a 1,200 metres vertical extent, mostly below this envelope, and include: -- 1.18 metres @ 14.4 g/t gold and 49 g/t silver (BUSY361D, elevation of 1,255 metres); -- 2.5 metres @ 18.9 g/t gold and 24 g/t silver (BUSY361D, elevation of 1,130 metres); -- 0.3 metres @ 231 g/t gold and 81 g/t silver (BUSY362, elevation of 1,115 metres); -- 0.6 metres @ 29.4 g/t gold and 16 g/t silver (BUSY364, elevation of 1,707 metres); -- 1.04 metres @ 19.2 g/t gold and 7 g/t silver (BUSY364, elevation of 1,536 metres); -- 0.5 metres @ 331 g/t gold and 93 g/t silver (BUSY364, elevation of 1,525 metres); -- 1.1 metres @ 9.4 g/t gold and 384 g/t silver (BUSY366D, elevation of 1,219 metres); -- 0.5 metres @ 26.2 g/t gold and 28 g/t silver (BUSY367D01, elevation of 1,045 metres); and -- 2.4 metres @ 16.1 g/t gold and 140 g/t silver (BUSY367D01, elevation of 528 metres). -- The Veta Sur vein system remains open at depth below the deeper intercepts noted above. Although some of these intercepts are among the deepest yet encountered in Veta Sur, they lie in an elevation range potentially developable from proposed underground infrastructure. -- In addition, step-out drilling intercepted high-grade gold and silver at elevations above the current mineral resource estimate, and include: -- 4.0 metres @ 218.7 g/t gold and 25 g/t silver (BUSY363, elevation of 1,629 metres); -- 0.6 metres @ 42.6 g/t gold and 8 g/t silver (BUUY270, elevation of 1,582 metres); and -- 2.2 metres @ 2,615.4 g/t gold and 388 g/t silver (BUUY270, end of hole, elevation of 1,617 metres). -- In central and northeastern Veta Sur, drilling through most of the vein families commonly encountered vein grades X thicknesses through a broad range of elevations that are significantly above those expected from the current mineral resource block model. Related intercepts and veins include: -- 1.45 metres @ 69 g/t gold and 551 g/t silver (BUSY361D01, V31, elevation of 917 metres); -- 4.3 metres @ 11.5 g/t gold and 31 g/t silver, including 1.9 metres @ 23.7 g/t gold and 64 g/t silver (BUSY361D02, V31, elevation of 794 metres); -- 5.1 metres @ 7.9 g/t gold and 27 g/t silver, including 1.4 metres @ 13.8 g/t gold and 58 g/t silver (BUSY361D03, V34, elevation of 871 metres); -- 0.55 metres @ 1.1 g/t gold and 466 g/t silver (BUSY363, V110, elevation of 1,618 metres); -- 2.35 metres @ 6.5 g/t gold and 22 g/t silver, including 1.1 metres @ 11.8 g/t gold and 34 g/t silver (BUSY363, V43, elevation of 1,553 metres); -- 2.4 metres @ 12.8 g/t gold and 55 g/t silver, including 1.0 metres @ 19.5 g/t gold and 120 g/t silver (BUSY364, V39, elevation of 1,193 metres); -- 0.5 metres @ 26.7 g/t gold and 73 g/t silver (BUSY364, V31, elevation of 1,161 metres); -- 1.0 metres @ 19.3 g/t gold and 17 g/t silver (BUSY367D01, elevation of 696 metres); -- 7.45 metres @ 40 g/t gold and 170 g/t silver, including 2.85 metres @ 99.8 g/t gold and 406 g/t silver (BUUY208, V51, elevation of 1,677 metres); -- 0.55 metres @ 21.9 g/t gold and 8 g/t silver (BUUY208, V31, elevation of 1,616 metres); -- 0.5 metres @ 1.4 g/t gold and 1,280 g/t silver (BUUY208, V20, elevation of 1,548 metres); -- 13.45 metres @ 8 g/t gold and 25 g/t silver, including 2.05 metres @ 30.5 g/t gold and 100 g/t silver (BUUY249D02, V34, elevation of 728 metres); -- 0.87 metres @ 56.5 g/t gold and 669 g/t silver (BUUY273, V43, elevation of 1,567 metres); -- 8.2 metres @ 5.1 g/t gold and 20 g/t silver, including 2.45 metres @ 12.5 g/t gold and 54 g/t silver (BUUY273, V48, elevation of 1,572 metres); -- 1.0 metres @ 1.7 g/t gold and 617 g/t silver (BUUY273, V51, elevation of 1,576 metres); -- 1.0 metres @ 15.7 g/t gold and 217 g/t silver (BUUY273, V70, elevation of 1,622 metres); and -- 0.5 metres @ 1.5 g/t gold and 924 g/t silver (BUUY273, V75, elevation of 1,628 metres). Laurel Vein System -- The Laurel vein system is located directly to the south of Veta Sur and has clear potential to share underground access in a future mining scenario. Overall drilling to date in the system has demonstrated potential vein dimensions of over 700 metres laterally x 1,000 metres vertically, while remaining open along strike to the southeast and at depth. Additionally, some 300 metres further along strike to the southwest from the limits of drilling, the Company appears to have recently sampled mineralized Laurel veins (assays pending) in the Higabra Valley Tunnel. -- Drilling of the Laurel vein system intersected multiple vein packages over lateral extents of 270 metres and an elevation range of 660 metres (Figures 1 and 3). Higher grade and broader intercepts include: -- 8.3 metres @ 6.1 g/t gold and 23 g/t silver, including 1.2 metres @ 24 g/t gold and 36 g/t silver (BUSY361D01, elevation of 1,306 metres); -- 26.3 metres @ 3 g/t gold and 37 g/t silver (BUSY361D02, elevation of 1,320 metres); -- 1.6 metres @ 7.7 g/t gold and 11 g/t silver (BUSY361D03, elevation of 1,357 metres); -- 0.7 metres @ 19.7 g/t gold and 29 g/t silver (BUSY361D03, elevation of 1,335 metres); -- 2.15 metres @ 26.3 g/t gold and 121 g/t silver, including 1.1 metres @ 50.5 g/t gold and 232 g/t silver (BUSY367D01, elevation of 1,216 metres); -- 1.0 metres @ 12.5 g/t gold and 17 g/t silver (BUUY228D, elevation of 1,696 metres); -- 0.5 metres @ 19.4 g/t gold and 71 g/t silver (BUUY228D, elevation of 1,677 metres); -- 1.9 metres @ 11.3 g/t gold and 65 g/t silver (BUUY249D, elevation of 1,295 metres); and -- 0.68 metres @ 21.3 g/t gold and 49 g/t silver (BUUY249D, elevation of 1,288 metres). Yaragua Vein System -- Drill-holes that passed through western Yaragua resulted in depth extensions to, and infill of, the vein system in this area. Significant intercepts, under the current Yaragua mineral resource envelope, include: -- 0.67 metres @ 21.4 g/t gold and 38 g/t silver (BUUY249D01, elevation of 701 metres); and -- 2.07 metres @ 7.6 g/t gold and 24 g/t silver, including 0.5 metres @ 27.6 g/t gold and 48 g/t silver (BUUY249D01, elevation of 694 metres). -- Vein grades X thicknesses significantly above those expected from the Yaragua mineral resource block model were encountered through a broad elevation range. Related intercepts and veins include: -- 0.41 metres @ 95.1 g/t gold and 103 g/t silver (BUSY361D02, MU10, elevation of 709 metres); -- 0.75 metres @ 11.3 g/t gold and 5 g/t silver (BUSY363, MU2, elevation of 1,394 metres); and -- 7.0 metres @ 4 g/t gold and 6 g/t silver, including 1.1 metres @ 11.4 g/t gold and 6 g/t silver (BUSY363, HWV, elevation of 1,250 metres). "The Laurel vein system, consisting of at least seven veins, is proving to be a more serious target than originally interpreted," commented Ari Sussman, CEO of Continental. "Given it is located close to the proposed future mining infrastructure in the Higabra Valley, we are formulating plans for more advanced exploration on the target, including an expanded drilling program and underground drifting along the system from the Higabra Valley Tunnel in order to complete an initial mineral resource estimate for Laurel in 2015." Details Continental's 100%-owned, 59,095-hectare project, Buritica, contains several known areas of high-grade gold and silver mineralization, of base metal carbonate-style ("Stage I") variably overprinted by texturally and chemically distinctive high-grade ("Stage II") mineralization. The two most extensively explored of these areas (the Yaragua and Veta Sur systems) are central to this land package. The Yaragua system has been drill-outlined along 1,100 metres of strike and 1,300 vertical metres and partially sampled in underground developments. The Veta Sur system has been drill-outlined along 1,040 metres of strike and 1,400 vertical metres. Both systems are characterized by multiple, steeply-dipping veins and broader, more disseminated mineralization and both remain open at depth and along strike, at high grades. See "About Continental Gold" below for a precis of updated mineral resource estimates for the Buritica project prepared in accordance with NI 43-101. This release documents the results of infill and extension drilling (completed after the December 31, 2013 closure of the database for the Buritica 2014 mineral resource estimate) through central and northeastern Veta Sur, the northeastern Laurel vein system to the south of Veta Sur and western Yaragua to the north. Significant new drill intercepts are listed below in Table I and are referenced in Figures 1, 2 and 3. Table I: Drilling Highlights ---------------------------------------------------------------------------- HoleID m m Inter- Au Ag Zn Inter- Vein From To cept (g/t) (g/t) (%) cept system Inter- RL (m) /Vein(ii) val(i) ---------------------------------------------------------------------------- BUSY361D 336.50 337.00 0.50 0.38 335.0 0.84 1480 Laurel 354.00 354.60 0.60 0.12 66.3 0.64 1463 Laurel 366.70 367.20 0.50 0.04 76.3 0.03 1451 Laurel 373.80 374.30 0.50 5.21 7.3 1.52 1444 Laurel 402.00 402.50 0.50 4.65 14.7 0.35 1417 Laurel 463.70 464.20 0.50 2.18 53.0 0.06 1359 Laurel 480.00 481.90 1.90 5.57 40.1 0.08 1342 Laurel 485.30 487.25 1.95 1.37 67.2 0.11 1337 Laurel 495.60 503.60 8.00 1.68 11.1 0.01 1323 Laurel 517.15 518.30 1.15 2.52 209.2 0.70 1308 Laurel 525.20 527.70 2.50 1.45 7.2 0.01 1300 Laurel 570.00 574.90 4.90 4.76 18.4 0.10 1255 VSur incl 571.00 572.18 1.18 14.39 48.5 0.31 VSur 578.00 578.50 0.50 17.60 252.0 0.09 1252 VSur 707.50 710.00 2.50 18.86 23.7 0.48 1130 VSur incl 707.50 708.60 1.10 40.75 51.7 1.06 VSur BUSY361D01 60.75 62.70 1.95 2.54 5.8 0.14 1368 Laurel 71.13 71.65 0.52 2.78 4.8 0.34 1360 Laurel 77.35 80.50 3.15 3.12 30.8 0.40 1352 Laurel 90.15 92.70 2.55 1.36 10.3 0.06 1341 Laurel 96.00 97.80 1.80 1.87 13.3 0.05 1336 Laurel 108.00 114.00 6.00 2.38 20.2 0.04 1322 Laurel 122.90 131.20 8.30 6.09 22.7 0.07 1306 Laurel incl 130.00 131.20 1.20 23.95 35.6 0.03 Laurel 136.40 149.80 13.40 1.48 6.8 0.01 1290 Laurel 161.85 165.30 3.45 2.89 19.9 0.07 1276 VSur 198.50 199.00 0.50 4.98 12.0 0.39 1245 VSur 270.20 271.20 1.00 7.82 1.8 0.45 1181 VSur 281.45 283.30 1.85 2.93 9.7 0.03 1170 VSur 289.35 290.60 1.25 2.10 8.7 0.06 1164 VSur 309.95 310.45 0.50 2.13 4.5 0.08 1146 V130 400.00 401.30 1.30 2.70 0.8 0.01 1066 VSur 577.05 578.50 1.45 69.04 551.3 0.37 917 V31 580.00 581.50 1.50 3.93 4.4 0.01 915 VSur 601.90 603.00 1.10 1.36 2.9 0.01 897 Yar/MU1 631.00 632.80 1.80 1.01 1.4 0.01 873 Yar BUSY361D02 24.20 24.75 0.55 0.99 262.0 1.59 1416 Laurel 64.65 65.80 1.15 1.19 2.7 0.27 1378 Laurel 85.95 86.45 0.50 3.41 52.5 0.60 1358 Laurel 91.35 91.95 0.60 3.19 22.4 0.03 1353 Laurel 92.45 98.15 5.70 2.06 31.5 0.09 1348 Laurel 101.65 127.95 26.30 2.97 36.5 0.04 1320 Laurel 131.48 132.05 0.57 3.51 8.5 0.05 1316 Laurel 142.65 143.15 0.50 8.47 77.3 0.44 1306 VSur 151.85 152.75 0.90 5.99 3.7 0.03 1298 VSur 158.80 159.75 0.95 3.85 7.1 0.27 1291 VSur 180.45 181.65 1.20 6.01 54.1 0.05 1271 VSur 208.55 209.05 0.50 4.45 11.5 0.05 1246 VSur 234.15 234.65 0.50 5.59 157.0 0.28 1222 VSur 255.95 257.15 1.20 3.33 1.2 0.02 1202 VSur 315.60 316.75 1.15 3.75 23.7 0.20 1147 VSur 331.15 333.85 2.70 4.57 11.6 0.05 1132 VSur incl 331.65 332.65 1.00 10.31 24.7 0.06 VSur 661.80 663.53 1.73 3.66 10.9 0.01 830 V39 673.65 675.55 1.90 2.32 4.6 0.08 819 V34 698.75 703.05 4.30 11.52 31.4 0.07 794 V31 incl 701.15 703.05 1.90 23.69 63.7 0.13 V31 746.95 748.70 1.75 3.34 5.9 0.02 753 Yar/MU11 796.86 797.27 0.41 95.10 103.0 0.98 709 MU10 BUSY361D03 30.00 30.50 0.50 2.63 2.7 1.78 1413 Laurel 81.00 82.00 1.00 1.20 15.5 0.06 1366 Laurel 89.75 91.35 1.60 7.69 10.5 0.47 1357 Laurel 101.70 102.70 1.00 3.92 8.9 0.05 1347 Laurel 105.50 106.50 1.00 1.80 93.9 0.63 1343 Laurel 107.15 107.65 0.50 7.72 25.8 0.07 1342 Laurel 115.10 115.80 0.70 19.65 29.3 0.05 1335 Laurel 120.60 121.10 0.50 5.58 27.5 0.58 1330 Laurel 122.33 124.00 1.67 3.14 12.7 0.13 1327 Laurel 142.00 143.00 1.00 5.12 5.9 0.02 1310 Laurel 150.30 151.50 1.20 1.28 10.8 0.01 1302 Laurel 154.50 155.00 0.50 5.43 34.8 0.02 1299 Laurel 176.10 176.70 0.60 3.18 10.1 0.70 1279 Laurel 181.40 182.00 0.60 3.56 3.5 0.02 1274 Laurel 184.40 185.70 1.30 1.37 63.0 0.12 1271 Laurel 190.10 190.60 0.50 2.26 69.8 0.04 1266 Laurel 222.90 223.60 0.70 1.13 2.4 0.04 1236 VSur 233.90 234.95 1.05 0.49 120.9 0.11 1226 VSur 251.00 251.70 0.70 5.21 2.6 0.03 1210 VSur 280.70 295.80 15.10 1.55 12.4 0.03 1171 VSur 302.10 303.70 1.60 2.34 5.7 0.05 1163 VSur 306.80 307.50 0.70 6.16 29.6 0.03 1160 VSur 309.80 310.90 1.10 1.69 7.1 0.04 1157 VSur 313.80 314.30 0.50 3.26 7.7 0.03 1153 VSur 318.10 319.00 0.90 1.74 5.8 0.03 1149 VSur 332.35 338.30 5.95 1.96 11.0 0.05 1132 VSur 341.00 342.00 1.00 1.65 5.4 0.01 1129 VSur 395.00 395.85 0.85 1.30 3.2 0.01 1080 VSur/V130 506.00 507.10 1.10 1.69 0.5 0.01 982 VSur 556.10 557.20 1.10 1.93 2.7 0.01 938 V48 589.80 590.70 0.90 0.91 7.1 0.01 908 V41 627.60 632.70 5.10 7.91 26.8 0.01 871 V34 incl 627.60 629.00 1.40 13.81 58.3 0.02 V34 643.00 644.00 1.00 1.73 10.0 0.01 861 Vsur 649.90 651.30 1.40 5.94 15.0 0.01 855 Vsur 673.00 676.00 3.00 1.28 6.0 0.06 833 Vsur 699.00 699.50 0.50 2.97 5.8 0.02 812 Vsur BUSY362 262.00 262.80 0.80 2.69 0.8 0.05 1522 Laurel 348.80 350.80 2.00 2.90 8.7 0.04 1437 VSur/V180 368.20 369.20 1.00 1.96 206.1 0.03 1419 VSur 684.05 684.35 0.30 231.00 80.6 0.08 1115 VSur 781.39 782.65 1.26 1.86 2.2 0.02 1020 VSur 817.91 818.92 1.01 1.02 2.9 0.01 985 VSur 853.05 854.00 0.95 1.44 0.8 0.01 951 VSur BUSY363 6.00 7.00 1.00 1.92 6.8 0.01 1705 VSur/V140 33.70 34.35 0.65 1.28 2.9 0.39 1682 V130 53.90 54.40 0.50 1.47 24.8 0.09 1666 V125 95.70 99.70 4.00 218.67 25.1 0.07 1629 VSur incl 97.40 99.70 2.30 377.27 34.2 0.07 VSur 112.85 113.40 0.55 1.13 466.0 0.24 1618 V110 119.20 120.30 1.10 0.46 53.1 0.04 1612 V90 154.90 155.50 0.60 1.88 13.2 0.08 1583 V62 190.15 192.50 2.35 6.48 21.7 0.09 1553 V43 incl 191.40 192.50 1.10 11.80 33.6 0.12 V43 193.75 195.00 1.25 4.22 30.7 0.06 1551 V42 212.30 213.10 0.80 1.27 1.7 0.19 1536 V41 224.90 225.50 0.60 0.99 41.8 0.48 1526 V39 351.60 352.90 1.30 1.81 3.0 0.06 1424 Yar/MU10 390.25 391.00 0.75 11.30 4.7 0.11 1394 MU2 498.74 499.25 0.51 1.32 16.7 0.03 1309 VNB 568.00 575.00 7.00 3.95 5.5 0.11 1250 HWV incl 568.00 569.10 1.10 11.40 6.0 0.02 HWV 601.10 602.10 1.00 0.13 97.4 0.15 1228 SAV 627.45 628.00 0.55 0.98 4.1 0.21 1208 FWV 667.70 668.20 0.50 1.94 9.6 0.01 1177 VNAD 681.50 682.00 0.50 1.98 13.0 0.01 1166 VNA 686.67 687.20 0.53 2.24 21.6 0.02 1162 Yar BUSY364 470.35 470.88 0.53 2.25 12.7 0.44 1719 Vsur 479.35 479.95 0.60 29.40 15.8 0.86 1707 Vsur 484.05 484.85 0.80 2.64 5.1 0.32 1700 Vsur 499.62 500.13 0.51 2.70 8.4 0.10 1676 Vsur 547.30 548.00 0.70 3.09 6.0 0.10 1610 Vsur 592.50 593.00 0.50 2.61 6.1 0.04 1561 Vsur 601.10 605.60 4.50 2.22 6.5 0.06 1541 Vsur 610.36 611.40 1.04 19.15 6.9 0.03 1536 Vsur 614.00 615.35 1.35 3.24 4.2 0.20 1533 Vsur 616.50 617.00 0.50 5.47 7.9 0.02 1529 Vsur 619.70 620.20 0.50 331.00 93.0 0.40 1525 Vsur ---------------------------------------------------------------------------- HoleID m m Inter- Au Ag Zn Inter- Vein From To cept (g/t) (g/t) (%) cept system Inter- RL (m) /Vein(ii) val(i) ---------------------------------------------------------------------------- 636.50 637.20 0.70 1.83 6.4 0.02 1503 V130 715.00 716.50 1.50 4.85 9.5 0.02 1337 V110 733.50 734.65 1.15 12.78 30.4 0.47 1323 VSur 833.20 833.70 0.50 0.74 70.9 0.04 1251 V48 909.00 911.40 2.40 12.75 54.5 0.05 1193 V39 incl 909.00 910.00 1.00 19.50 119.5 0.11 V39 942.80 943.50 0.70 2.80 8.8 0.01 1169 V34 955.00 955.50 0.50 26.70 73.4 0.24 1161 V31 BUSY366D 504.75 506.05 1.30 2.75 7.1 0.01 1273 VSur 531.60 532.10 0.50 2.52 8.1 0.03 1247 VSur 559.50 560.60 1.10 9.38 383.9 0.47 1219 VSur 612.45 612.95 0.50 3.36 8.6 0.05 1166 VSur 627.00 627.50 0.50 2.11 2.6 0.40 1152 VSur 716.70 717.50 0.80 1.10 1.6 0.04 1063 VSur 813.13 813.65 0.52 11.45 8.1 0.03 967 VSur 852.13 852.77 0.64 3.62 4.3 0.01 928 VSur 988.60 989.75 1.15 2.02 6.2 0.02 793 VSur 1166.50 1167.00 0.50 1.43 2.3 0.01 617 VSur BUSY367D 186.00 186.50 0.50 0.16 54.6 0.02 1589 Laurel 213.40 214.10 0.70 2.60 1.9 0.11 1562 Laurel BUSY367D01 37.00 37.70 0.70 6.77 8.3 0.17 1260 Laurel 43.50 44.70 1.20 1.16 2.7 0.19 1254 Laurel 83.35 85.50 2.15 26.28 121.1 0.10 1216 Laurel incl 83.35 84.45 1.10 50.53 231.9 0.19 Laurel 146.50 147.30 0.80 1.10 9.5 0.07 1158 VSur 219.00 219.60 0.60 2.32 7.1 0.04 1091 VSur 268.80 269.30 0.50 26.20 27.6 0.04 1045 VSur 290.70 291.30 0.60 3.58 16.3 0.15 1024 VSur 300.15 300.65 0.50 1.57 9.8 0.05 1016 VSur 399.60 400.10 0.50 2.16 6.9 0.01 924 V125 406.70 407.30 0.60 1.06 1.6 0.02 918 VSur 426.60 427.85 1.25 1.44 3.0 0.01 899 VSur 453.10 454.30 1.20 2.67 4.8 0.00 875 VSur 608.20 609.40 1.20 7.12 11.2 0.01 734 VSur 614.80 615.30 0.50 7.70 29.6 0.03 728 V39 640.00 641.00 1.00 1.63 6.5 0.01 705 V34 650.40 651.40 1.00 19.25 16.5 0.02 696 V31 666.20 667.95 1.75 2.54 5.9 0.01 681 VSur 763.80 765.40 1.60 3.95 5.4 0.01 594 VSur 839.00 841.40 2.40 16.09 140.1 0.12 528 VSur incl 839.00 840.20 1.20 27.85 274.7 0.19 VSur BUUY208 15.00 15.60 0.60 10.60 87.1 0.71 1697 VSur/V70 24.90 27.65 2.75 1.71 9.2 0.10 1688 V65 35.05 42.50 7.45 40.04 170.0 0.85 1677 V51 incl 38.40 41.25 2.85 99.75 406.4 1.58 V51 48.35 49.00 0.65 4.04 50.4 0.07 1671 V48 57.00 58.35 1.35 1.42 8.2 0.19 1664 V43 79.55 80.40 0.85 4.11 227.4 0.62 1647 V39 90.00 90.50 0.50 2.96 15.6 0.53 1639 V34 104.90 106.60 1.70 3.29 13.6 0.06 1627 V32 107.60 109.10 1.50 6.92 18.4 0.20 1625 V32 120.70 121.25 0.55 21.90 8.1 0.02 1616 V31 138.85 139.40 0.55 0.33 76.7 0.13 1602 V30 177.40 178.00 0.60 0.27 100.0 0.12 1572 V24 200.40 200.90 0.50 0.69 18.1 4.82 1554 V22 208.70 209.20 0.50 1.36 1280.0 1.04 1548 V20 247.00 248.40 1.40 0.55 168.8 0.49 1519 V16 BUUY228D 2.00 3.00 1.00 12.48 16.6 2.74 1696 Laurel 25.00 25.50 0.50 19.40 70.6 2.98 1677 Laurel 55.00 55.50 0.50 6.19 335.0 0.22 1651 Laurel 185.60 186.10 0.50 0.29 65.8 0.61 1538 Laurel 196.20 197.50 1.30 0.94 16.3 4.31 1529 Laurel 216.00 217.70 1.70 1.94 10.7 0.33 1511 Laurel 225.00 226.00 1.00 1.07 1.5 0.01 1504 Laurel 253.05 253.80 0.75 0.04 158.0 0.04 1480 Laurel 294.80 296.20 1.40 0.86 51.1 0.39 1443 VSur 299.07 299.60 0.53 1.36 103.0 0.17 1440 VSur 300.60 301.80 1.20 3.50 4.4 0.08 1438 VSur 342.10 342.80 0.70 1.05 2.5 0.08 1402 VSur 355.60 356.80 1.20 1.78 5.9 0.02 1390 VSur 390.20 391.40 1.20 1.63 89.2 0.24 1360 VSur 395.35 396.50 1.15 1.98 5.4 0.01 1355 VSur 419.60 420.15 0.55 1.81 8.1 0.01 1334 VSur BUUY249D 38.70 39.30 0.60 1.93 8.7 2.12 1660 Laurel 115.55 116.10 0.55 0.61 73.0 2.06 1585 Laurel 133.85 134.40 0.55 1.29 80.5 0.99 1567 Laurel 148.30 150.10 1.80 0.76 82.6 2.61 1551 Laurel 200.15 201.30 1.15 0.04 59.5 0.03 1501 Laurel 254.55 255.30 0.75 3.59 12.8 0.14 1447 Laurel 290.30 293.70 3.40 1.58 2.6 0.02 1410 Laurel 348.90 350.20 1.30 2.58 2.6 0.09 1354 Laurel 355.40 355.90 0.50 3.38 42.6 1.36 1348 Laurel 361.00 364.00 3.00 1.26 16.4 0.71 1340 Laurel 391.15 391.70 0.55 1.60 18.3 0.15 1312 Laurel 407.70 409.60 1.90 11.29 64.8 1.66 1295 Laurel 416.17 416.85 0.68 21.30 48.6 0.38 1288 Laurel 419.55 420.10 0.55 3.09 17.5 1.54 1284 VSur 437.55 438.45 0.90 1.73 11.3 0.79 1266 VSur 456.80 458.00 1.20 2.45 19.3 0.42 1247 VSur 518.50 519.00 0.50 0.60 302.0 0.53 1186 VSur BUUY249D01 50.80 52.00 1.20 1.18 0.2 0.01 1085 Laurel 82.80 83.35 0.55 3.65 30.7 0.04 1056 Laurel 164.75 165.50 0.75 2.13 0.9 0.01 984 VSur 453.05 454.30 1.25 3.14 12.4 0.01 740 VSur 474.25 474.75 0.50 3.87 4.5 0.01 723 Yar/MU11 489.35 489.90 0.55 1.14 7.6 0.01 710 Yar 500.25 500.92 0.67 21.40 38.2 0.02 701 Yar 507.93 510.00 2.07 7.60 24.3 0.06 694 Yar incl 508.45 508.95 0.50 27.60 48.2 0.02 Yar 523.05 523.60 0.55 3.44 23.2 0.01 683 Yar 555.85 556.40 0.55 1.72 2.1 0.01 656 Yar BUUY249D02 83.70 84.60 0.90 2.33 3.2 0.04 1046 Laurel 102.50 103.60 1.10 1.15 0.2 0.01 1029 Laurel 140.80 141.30 0.50 5.03 14.0 0.52 998 VSur 400.00 400.60 0.60 6.63 12.6 0.28 783 VSur 403.75 404.30 0.55 3.22 1.3 0.01 780 VSur 441.50 442.70 1.20 1.49 1.2 0.03 749 V43 456.35 469.80 13.45 7.96 25.3 0.05 728 V34 incl 456.35 458.40 2.05 30.46 100.0 0.04 V34 476.85 477.40 0.55 7.65 3.5 0.01 721 V31 494.00 494.50 0.50 5.18 11.8 0.10 708 VSur 497.37 498.50 1.13 2.65 1.3 0.00 705 VSur 516.25 518.60 2.35 1.70 7.5 0.02 690 Yar/MU1 BUUY270 16.25 16.90 0.65 1.34 6.3 0.13 1519 Yar/MU11 51.90 52.40 0.50 3.93 4.1 0.02 1537 MUS 110.30 111.15 0.85 4.17 5.3 0.35 1565 Yar 126.00 126.50 0.50 1.88 536.0 1.05 1572 VSur 144.50 145.00 0.50 1.12 21.5 0.50 1581 VSur 147.55 148.15 0.60 42.60 8.4 0.69 1582 VSur 168.00 169.00 1.00 0.79 27.5 0.19 1592 V110 210.00 211.50 1.50 8.54 6.8 0.03 1611 V123 223.30 225.50 2.20 2615.41 388.2 2.20 1617 VSur incl 223.80 225.00 1.20 4730.00 701.0 3.96 VSur and 225.00 225.50 0.50 154.00 16.8 0.08 VSur BUUY273 22.85 23.85 1.00 1.10 15.4 0.10 1522 Yar/MU11 82.10 82.60 0.50 0.20 217.0 0.82 1551 VSur 91.60 94.60 3.00 1.62 69.8 0.68 1557 V42 114.00 114.87 0.87 56.50 669.0 0.74 1567 V43 117.80 126.00 8.20 5.12 19.8 0.60 1572 V48 incl 121.60 124.05 2.45 12.51 54.4 1.08 V48 131.00 132.00 1.00 1.67 616.5 2.54 1576 V51 142.00 142.60 0.60 1.51 21.9 3.66 1581 VSur 191.50 192.00 0.50 0.21 718.0 0.14 1605 V62 213.00 213.60 0.60 0.41 122.0 0.32 1616 V65 223.50 226.50 3.00 5.47 101.6 0.80 1622 V70 incl 223.50 224.50 1.00 15.70 216.5 2.22 V70 230.75 231.80 1.05 3.27 113.6 0.24 1625 VSur 237.10 237.70 0.60 6.87 84.6 1.24 1627 V75 239.00 239.50 0.50 1.52 924.0 0.87 1628 V75 240.40 240.90 0.50 5.45 138.0 0.49 1629 VSur 255.00 255.60 0.60 4.72 10.3 0.08 1636 VSur 303.00 303.50 0.50 4.74 3.2 0.56 1659 V110 311.00 311.50 0.50 3.41 62.0 3.23 1663 VSur 320.10 322.80 2.70 3.33 16.1 0.22 1668 VSur (i)Intercepts calculated at 1 g/t gold + 50 g/t silver cut-off grades for minimum intervals of 0.5 metres, with up to 30% internal dilution. True widths not accurately known but generally are between 30% of the down-hole interval and near true width (e.g. BUUY208). Drill-holes designated "BUUY" were collared from underground, and drill-holes designated "BUSY" were collared at surface. Holes directionally- drilled from "mother holes" (BUzYDxxx) are designated BUzYxxxDyy. (ii)Intercepts outside of the current mineral resource envelopes are designated by their respective vein system (Veta Sur: VSur; Yaragua: Yar and Laurel) whereas intercepts in vein domains are respectively nominated by vein code (e.g. V34). Three fans of holes were drilled from the south of Veta Sur, from surface and also from the Veta Sur Ramp (Figure 1). These fans involved "mother" holes (designated BUzYDxxx) and six holes (designated BUzYxxxDyy) deviated and directionally-drilled from collars at depth in the mother holes. Additional holes were drilled from southern (BUSY364) and northeastern Veta Sur platforms (BUSY363), from underground in Veta Sur (BUUY208) and also from underground (towards the southwest) in Yaragua (BUUY270, BUUY273) (Figure 1). Drill-holes from the south of Veta Sur targeted potential extensions of the Laurel vein system, deep extensions and infill of the Veta Sur system and also the southwestern Yaragua system. Directional drilling was vital in attaining infill and extension targets particularly at lower elevations, both increasing productivity and reducing costs of the mineral resource delineation program. To the south of Veta Sur, drilling intersected multiple vein packages over lateral extents of 270 metres and an elevation range of 660 metres. These vein packages are interpreted to be northeastern extensions of the northeast-trending Laurel vein system (Table I, Figures 1 and 3). Higher grade and broader intercepts include: -- 8.3 metres @ 6.1 g/t gold and 23 g/t silver, including 1.2 metres @ 24.0 g/t gold and 36 g/t silver (BUSY361D01, elevation of 1,306 metres); -- 26.3 metres @ 3.0 g/t gold and 37 g/t silver (BUSY361D02, elevation of 1,320 metres); -- 1.6 metres @ 7.7 g/t gold and 11 g/t silver (BUSY361D03, elevation of 1,357 metres); -- 0.7 metres @ 19.7 g/t gold and 29 g/t silver (BUSY361D03, elevation of 1,335 metres); -- 2.15 metres @ 26.3 g/t gold and 121 g/t silver, including 1.1 metres @ 50.5 g/t gold and 232 g/t silver (BUSY367D01, elevation of 1,216 metres); -- 1.0 metres @ 12.5 g/t gold and 17 g/t silver (BUUY228D, elevation of 1,696 metres); -- 0.5 metres @ 19.4 g/t gold and 71 g/t silver (BUUY228D, elevation of 1,677 metres); -- 1.9 metres @ 11.3 g/t gold and 65 g/t silver (BUUY249D, elevation of 1,295 metres); and -- 0.68 metres @ 21.3 g/t gold and 49 g/t silver (BUUY249D, elevation of 1,288 metres). The Laurel vein system remains open at depth and to the northeast of the current drilling. The system is sparsely drill-constrained for more than 700 metres to the southwest, for a strike length in excess of one kilometre and an elevation range of more than 1,000 metres. Contiguous with Veta Sur, the Laurel system, not included in current mineral resource estimates, could potentially share proposed Veta Sur development infrastructure. Further north, through a 250+-metre strike length of central and northeastern Veta Sur, drill-holes intersected multiple veins outside of the current Veta Sur mineral resource envelope. Significant intercepts were made over a vertical extent of almost 1,200 metres, mostly below this envelope and include: -- 1.18 metres @ 14.4 g/t gold and 49 g/t silver (BUSY361D, elevation of 1,255 metres); -- 0.5 metres @ 17.6 g/t gold and 252 g/t silver (BUSY361D, elevation of 1,252 metres); -- 2.5 metres @ 18.9 g/t gold and 24 g/t silver, including 1.1 metres @ 40.8 g/t gold and 52 g/t silver (BUSY361D, elevation of 1,130 metres); -- 0.3 metres @ 231 g/t gold and 81 g/t silver (BUSY362, elevation of 1,115 metres, adjacent core not recovered); -- 0.6 metres @ 29.4 g/t gold and 16 g/t silver (BUSY364, elevation of 1,707 metres); -- 1.04 metres @ 19.2 g/t gold and 7 g/t silver (BUSY364, elevation of 1,536 metres); -- 0.5 metres @ 331 g/t gold and 93 g/t silver (BUSY364, elevation of 1,525 metres); -- 1.15 metres @ 12.8 g/t gold and 30 g/t silver (BUSY364, elevation of 1,323 metres); -- 1.1 metres @ 9.4 g/t gold and 384 g/t silver (BUSY366D, elevation of 1,219 metres); -- 0.5 metres @ 26.2 g/t gold and 28 g/t silver (BUSY367D01, elevation of 1,045 metres); and -- 2.4 metres @ 16.1 g/t gold and 140 g/t silver, including 1.2 metres @ 27.9 g/t gold and 275 g/t silver (BUSY367D01, elevation of 528 metres) Intercepts above the current mineral resource envelope include: -- 4.0 metres @ 218.7 g/t gold and 25 g/t silver, including 2.3 metres @ 377.3 g/t gold and 34 g/t silver (BUSY363, elevation of 1,629 metres); -- 0.6 metres @ 42.6 g/t gold and 8 g/t silver (BUUY270, elevation of 1,582 metres); and -- 2.2 metres @ 2,615.4 gold and 388 g/t silver (BUUY270, elevation of 1,617 metres). The Veta Sur vein system remains open to depth below all of the Veta Sur intercepts noted above and in Table I. Although some of these intercepts are among the deepest yet encountered in Veta Sur, these and the shallow extensions also highlighted are all situated within an elevation range potentially developable from proposed underground infrastructure. In central and northeastern Veta Sur, drilling through a broad range of elevations generally encountered vein grades X thicknesses comparable with those expected from the current mineral resource block model, for most of the vein families. Intercepts and related veins with substantially greater grade X thicknesses include: -- 1.45 metres @ 69.0 g/t gold and 551 g/t silver (BUSY361D01, V31, elevation of 917 metres); -- 4.3 metres @ 11.5 g/t gold and 31 g/t silver, including 1.9 metres @ 23.7 g/t gold and 64 g/t silver (BUSY361D02, V31, elevation of 794 metres); -- 5.1 metres @ 7.9 g/t gold and 27 g/t silver, including 1.4 metres @ 13.8 g/t gold and 58 g/t silver (BUSY361D03, V34, elevation of 871 metres); -- 0.55 metres @ 1.1 g/t gold and 466 g/t silver (BUSY363, V110, elevation of 1,618 metres); -- 2.35 metres @ 6.5 g/t gold and 22 g/t silver, including 1.1 metres @ 11.8 g/t gold and 34 g/t silver (BUSY363, V43, elevation of 1,553 metres); -- 2.4 metres @ 12.8 g/t gold and 55 g/t silver, including 1.0 metres @ 19.5 g/t gold and 120 g/t silver (BUSY364, V39, elevation of 1,193 metres); -- 0.5 metres @ 26.7 g/t gold and 73 g/t silver (BUSY364, V31, elevation of 1,161 metres); -- 1.0 metres @ 19.3 g/t gold and 17 g/t silver (BUSY367D01, elevation of 696 metres); -- 7.45 metres @ 40.0 g/t gold and 170 g/t silver, including 2.85 metres @ 99.8 g/t gold and 406 g/t silver (BUUY208, V51, elevation of 1,677 metres); -- 0.55 metres @ 21.9 g/t gold and 8 g/t silver (BUUY208, V31, elevation of 1,616 metres); -- 0.5 metres @ 1.4 g/t gold and 1,280 g/t silver (BUUY208, V20, elevation of 1,548 metres); -- 13.45 metres @ 8.0 g/t gold and 25 g/t silver, including 2.05 metres @ 30.5 g/t gold and 100 g/t silver (BUUY249D02, V34, elevation of 728 metres); -- 0.87 metres @ 56.5 g/t gold and 669 g/t silver (BUUY273, V43, elevation of 1,567 metres); -- 8.2 metres @ 5.1 g/t gold and 20 g/t silver, including 2.45 metres @ 12.5 g/t gold and 54 g/t silver (BUUY273, V48, elevation of 1,572 metres); -- 1.0 metres @ 1.7 g/t gold and 617 g/t silver (BUUY273, V51, elevation of 1,576 metres); -- 1.0 metres @ 15.7 g/t gold and 217 g/t silver (BUUY273, V70, elevation of 1,622 metres); -- 0.5 metres @ 1.5 g/t gold and 924 g/t silver (BUUY273, V75, elevation of 1,628 metres). Drill-holes that passed through western Yaragua resulted in depth extensions to, and infill of, the Yaragua vein system in this area. Significant intercepts, below the current Yaragua mineral resource envelope, include: -- 0.67 metres @ 21.4 g/t gold and 38 g/t silver (BUUY249D01, elevation of 701 metres); and -- 2.07 metres @ 7.6 g/t gold and 24 g/t silver, including 0.5 metres @ 27.6 g/t gold and 48 g/t silver (BUUY249D01, elevation of 694 metres). Vein grades X thicknesses significantly above those expected from the current Yaragua mineral resource block model were also encountered through a broad elevation range. Related intercepts and veins include: -- 0.41 metres @ 95.1 g/t gold and 103 g/t silver (BUSY361D02, MU10, elevation of 709 metres); -- 7.0 metres @ 4.0 g/t gold and 6 g/t silver, including 1.1 metres @ 11.4 g/t gold and 6 g/t silver (BUSY363, HWV, elevation of 1,250 metres); and -- 0.75 metres @ 11.3 g/t gold and 5 g/t (BUSY363, MU2, elevation of 1,394 metres) Technical Information Vic Wall, PhD, special advisor to the Company and a qualified person for the purpose of NI 43-101, has prepared or supervised the preparation of, or approved, as applicable, the technical information contained in this press release. Dr. Wall is a geologist with 35 years' experience in the minerals mining, consulting, exploration and research industries. Following a career in Australian and North American academes, he held senior positions in a number of multinational major and junior minerals companies. A Fellow of the Australian Institute of Geoscientists, Dr. Wall is Principal of Vic Wall & Associates, a Brisbane-based consultancy that provides geoscientific services to mineral companies and government agencies, worldwide. The Company utilizes a rigorous, industry-standard QA/QC program. HQ core is sawn or split with one-half shipped to a sample preparation lab in Medellin run by ALS Colombia Limited ("ALS") in Colombia, whereas BQ core samples are full core. Samples are then shipped for analysis to an ALS-certified assay laboratory in Lima, Peru. The remainder of the core is stored in a secured storage facility for future assay verification. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance and a portion of the samples are periodically check assayed at ACME Analytical Laboratories in Vancouver, British Columbia and/or Inspectorate America Corp. in Reno, Nevada. The Company does not receive assay results for drill-holes in sequential order; however, all significant assay results are publicly reported. A listing of assay results to date for the Buritica project is available on the Company's website at www.continentalgold.com. For additional technical information on the Buritica project, please refer to the Company's technical report (the "Technical Report") entitled "Independent Technical Report and Resource Estimate on the Buritica Gold Project 2013" with an effective date of December 31, 2013, prepared by Andrew J Vigar, BappSc Geo, FAusIMM, MSEG, and Martin Recklies, BappSC Geo, MAIG, each of Mining Associates Pty Limited, available on SEDAR at www.sedar.com, on the OTCQX at www.otcmarkets.com and on the Company website at www.continentalgold.com. About Continental Gold Continental Gold Limited is an advanced-stage exploration and development company with an extensive portfolio of 100%-owned gold projects in Colombia. Spearheaded by a team with over 40 years of exploration and mining experience in Colombia, the Company is focused on advancing its high-grade Buritica gold project to production. On May 13, 2014, the Company announced an updated mineral resource estimate for the Buritica project prepared in accordance with NI 43-101. This estimate covers the Yaragua and Veta Sur vein systems, with a combined Measured mineral resource of 0.99 million tonnes of mineralized material containing 0.65 million ounces of gold grading 20.4 g/t gold, 1.54 million ounces of silver grading 48 g/t silver, and 15.0 million pounds of zinc grading 0.7% zinc, and a combined Indicated mineral resource of 7.41 million tonnes of mineralized material containing 2.15 million ounces of gold grading 9.0 g/t gold, 6.89 million ounces of silver grading 29 g/t silver, and 75.1 million pounds of zinc grading 0.5% zinc. The combined Inferred mineral resource is 16.7 million tonnes of mineralized material containing 4.2 million ounces grading 7.8 g/t gold, 13.1 million ounces of silver grading 24 g/t silver and 111 million pounds of zinc grading 0.3% zinc. In August 2012, Continental achieved an important milestone, receiving formal approval for the modification of its existing Environmental Impact Assessment. The amendment allows the Company to build a six-kilometre switchback road and begin underground development by constructing a one-kilometre access tunnel. With a goal of being the newest hard rock gold producer in Colombia, Continental has achieved major advances with the access tunnel, which is providing access for underground drilling and will eventually be used for commercial production. A Phase V drill program is underway at the Buritica project to further delineate the mineral resources and drill new target zones identified within its concessions. Additional details on the Buritica project and the rest of Continental's suite of gold exploration properties are available at www.continentalgold.com. Forward-Looking Statements This press release contains or refers to forward-looking information under Canadian securities legislation, including statements regarding the estimation of mineral resources, exploration results, potential mineralization, and exploration and mine development plans, and is based on current expectations that involve a number of business risks and uncertainties. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law. Differences in Reporting of Resource Estimates This press release was prepared in accordance with Canadian standards, which differ in some respects from United States standards. In particular, and without limiting the generality of the foregoing, the terms "inferred mineral resources," "indicated mineral resources," "measured mineral resources" and "mineral resources" used or referenced in this press release are Canadian mining terms as defined in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves (the "CIM Standards"). The CIM Standards differ significantly from standards in the United States. While the terms "mineral resource," "measured mineral resources," "indicated mineral resources," and "inferred mineral resources" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. Readers are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into reserves. Readers are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, United States companies are only permitted to report mineralization that does not constitute "reserves" by standards in the United States as in place tonnage and grade without reference to unit measures. Accordingly, information regarding resources contained or referenced in this press release containing descriptions of our mineral deposits may not be comparable to similar information made public by United States companies. To view Figure 1 - Plan View of highlights of new drilling, please click the following link: http://www.marketwire.com/library/20140708-CNL1FIG800.jpg To view Figure 2 - Long Section, (line C-D on Figure 1), please click the following link: http://www.marketwire.com/library/20140708-CNL2FIG800.jpg To view Figure 3 - Cross Section (line A-B on Figure 1), please click the following link: http://www.marketwire.com/library/20140708-CNL3FIG800.jpg FOR FURTHER INFORMATION PLEASE CONTACT: Continental Gold Limited +1.416.583.5610 info@continentalgold.com www.continentalgold.com
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