Continental Gold Corp (TSX:CNL) is one of the strongest of the Toronto-based gold juniors (off the top of my head: 5+ million ozs high grade gold inferred at their flagship Buritica project in Colombia, expectation for resource growth, especially at depth, $550+ million market cap, $130 million in cash).
Continental expects to file for their final permitting at their Buritica project in Antioquia, Colombia, in Q4, this morning’s Operational Update stated.
Last week in Toronto Continental CEO Ari Sussman told me the company is working closely with the authority who will review the permit application, and is cautiously optimistic for turnaround within a year or two. He also reminded me that permitting was the key catalyst before Extorre was sold to Yamana.
Coming Soon: We expect to post a longer form interview with Mr. Sussman ASAP.
Additionally, underground development pace has improved at the Higabra Valley tunnel, which will eventually serve as the main haulage line in a production scenario, the news release said.
Here’s CNL’s chart yesterday. Thank you, Chairman Ben.
Related: Four Can’t Miss Mining Charts
Disclaimer: All figures approximate and facts to be verified by the reader. These are opinions, and not to be construed as investment advice. Do your own due diligence.