Continental Gold Receives Environmental Permit to Expand Buriticá Gold Mine

Continental Gold Inc. has received an environmental permit for its Buriticá gold mine project from the nation’s industry regulator. Issued on November 30 by the Colombian National Authority of Environmental Licenses (ANLA), the allowance will permit the Toronto-based mining company to expand its current small-scale operations into a larger mining and milling operation in line with plans it announced in March.

In addition to expanding the operations at the site, the authorization will also allow Continental Gold to construct a processing plant capable of handling up to 3,200 tonnes per day at the Buriticá location in the department of Antioquia.

Photo: The Higabra Valley tunnel at Continental Gold’s Buriticá mine in Antioquia. (Credit: Continental Gold)

“The completion of permitting for the Buriticá project is a strong testament to Colombia’s willingness to embrace responsible mining and its desire to reinvigorate the gold industry for a country that holds the title as the most prolific gold producer in Latin American history,” said Ari Sussman, CEO of Continental Gold.

With the permit in hand, the company also announced that its project debt facility arrangement is “nearing completion” and that it is working towards receiving approval for its mining technical work plan from the departmental secretary of mines.

Mateo Restrepo, president of Continental Gold, says that the company is committed to “building a modern mine with strong operational, environmental, and social standards while generating well-being and development for the communities of Buriticá, the region of Western Antioquia and Colombia.”

Continental Gold’s Buriticá holding includes a project area with 24 concessions covering 29,812 hectares, with another 40 concession applications totaling 31,937 hectares. The company also has another mining project in Colombia nearby in Berlin. It was recently added to both the S&P/TSX Global Gold Index and the S&P/TSX Global Mining Index.