Via EnergyandGold.com, The mining industry is continually depleting its inventory, which is why it has always been an M&A led business. Junior companies find and develop new deposits and then mid-tiers and majors take them out. This has been the way of the miners for generations. There are few undeveloped high quality gold projects in… Continue Reading
After market today, Continental Gold (CNL.TSX) delivered their first economic study ever completed on the ultra high-grade Buritica gold project in Colombia. Their maiden Preliminary Economic Assessment (PEA) delivered industry leading economics with an after-tax NPV (5%) of $1.08 billion and an IRR of 31.5% on initial capital of $390.3 million (based on $1,200/oz Au… Continue Reading
Colombia’s largest high-grade gold development project continues to expand with infill and exploratory diamond drilling. Ari Sussman’s Continental Gold (CNL:TSX), which is developing the Buritica project located 2 hours from beautiful Medellin, continues to have success with their 2014 infill drill program. The focus of the program is to increase the confidence of the Inferred gold resources and to move as… Continue Reading
Colombian gold developer and winner of the Mining Journals 2013 Exploration Award, Continental Gold (CNL:TSX), which is developing the multi-million ounce high-grade Buritica gold project released their updated mineral resource estimate. The estimate saw total gold ounces increase by nearly 1/3 (~30%) from 5.4 million ounces to 7 million ounces. M&I ounces increased by over… Continue Reading
