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The $5 million USD deal includes two mining titles as well as "technical information and ancillary assets," said the Canadian mining firm.

Two engineers were attacked on the morning of September 5 in the town of Buriticá where the Toronto-based company operates a large gold mine

"With underground development advancing at a productive rate and providing suitable drilling locations, the company will be more aggressive in drilling," stated Continental Gold.

"There are plenty of targets in Colombia that have never really seen modern exploration," says Lobo Tiggre. "That is clearly an advantage."

The Vancouver-based mining company's common shares and purchase warrants were previously trading on the TSX Venture Exchange.

“His depth of experience and extensive network...will be valuable as we continue to execute our business plan."

Santiago Ángel expressed his optimism for a turnaround in a sector that brought in a relatively underwhelming $2.6 billion USD over the last four years.

"There must be space for both the big mining companies and the small artisanal miners," says Dora Elena Balvín, secretary of mines in Antioquia.

"Our current reserves and resources are just a tip of the iceberg of what's to come," says Ari Sussman, CEO of Continental Gold

Garnero will remain involved with the company in an advisory capacity and his son, Mario Bernardo Garnero, will fill his seat on the board.