Ari Sussman

Continental Gold CEO Ari Sussman (CEO.ca photo)

An aggressive 8 rig drill program is ongoing at Continental Gold’s Buriticá project in Colombia.

Buriticá already contains over 7 million ounces of high grade gold, making it one of the richest deposits not owned by a mid-tier or major mining company.

Today Continental announced that ongoing drilling has increased the vertical extent of mineralization by roughly 200 meters to 1500 meters from surface.

Fig 2 (Continental Gold)

Figure 2 from today’s news release shows the dimensions of the system from drilling in grey. BUSY367D03 (bottom right) found similar grade mineralization roughly 200 metres outside of the known system.

An aggressive drill program continues at Buriticá, while the company prepares a maiden Preliminary Economic Assessment (PEA) to be released this December.

We called up Continental CEO Ari Sussman by Skype Tuesday afternoon and he told us to also expect assay results from the underground sampling Continental has been doing on both the Yaragua and Veta Sur systems.

At the Veta Sur ramp, for example, the company has done a cross-cut to confirm the vein model and see if there’s additional mineralization between veins in the hopes that the zones could widen.

Here are Continental’s most recent news releases:

Oct 14, 2014: Continental Gold Drilling Extends the Vertical Dimension at Both the Yaragua and Veta Sur Systems to 1,500 Metres at Buritica, Colombia

Oct 6, 2014: Continental Gold Provides a Development Update for the Buriticá Project, Colombia

 

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