Canadian mining company Continental Gold Inc. (TSX: CNL) (OTCQX: CGOOF) released the results of a new drilling test at its Buriticá goldmine in the Colombian department of Antioquia.
The testing was conducted at 23 holes in the Veta Sur system of the mine, where 13 diamond drill rigs are in operation. The Toronto-based company says it is using the results to verify and finalize stope designs and schedule its production plans for this area, which it expects to begin executing in 2020.
Among the key findings were:
1.65 meters @ 51.61 g/t gold and 65.2 g/t silver (DVS0016, Vein 65, 1653RL)
3.48 meters @ 36.01 g/t gold and 194.9 g/t silver (DVS0017, Vein 51, 1623RL)
1.35 meters @ 27.26 g/t gold and 28.5 g/t silver (DVS0011, Vein 65, 1639RL)
More detailed results can be found at the Continental Gold website.
“Our team is most pleased with the drill results announced herein as they are helping to verify the upper boundary of the mineral reserve envelope for the Veta Sur system,” said Ari Sussman, CEO of Continental Gold. “
“In addition to the continuity and mineability of Veta Sur being confirmed with these infill and definition drill holes, the broad intercepts encountered are extremely encouraging and may provide more mining flexibility than anticipated,” added the chief executive.