With gold currently around US$1,064 an ounce, the gold mining industry is focused more on survival than M&A. But as producers mine ore and attempt to grind out a profit as gold moves lower, they are constantly depleting their resource. If they want to stay in business, production pipelines will need to be replenished. And high-grade… Continue Reading

Good morning, Some news of note on a day when Syria is heating up, with Turkish fighter jets shooting down a Russian warplane the NATO member says ventured into its air space. The international incident comes after reports that much of the oil being produced on ISIS-controlled territory – both Russia and the U.S. have been… Continue Reading

A few news releases of note on a fairly quiet Monday morning – it must be the post-Halloween chocolate hangover. Continental Gold (CNL-T) Continental Gold has provided an update on its environmental permitting process, which it is working closely with Colombia’s national government on. Continental now expects to file a revised environmental permit application to… Continue Reading

Continental Gold (CNL.TO) was expected to receive its final permit to build a large, high-grade gold mine at the Buriticá project in Colombia this summer. This hasn’t happened yet, so Continental announced this morning they’re going to pursue the final Environmental Impact Assessment from the National Government of Colombia as a Project of National Strategic… Continue Reading

Sailing is on the brain. I’m off to Alaska tomorrow, to join my parents as they explore the Panhandle on their 31-foot sailboat. I’m a touch excited. Getting the boat from Victoria to Ketchikan was not easy. When there was wind, it was usually against them. Tides are big up there this time of year,… Continue Reading

This morning Toronto-based gold developer Continental Gold (CNL.TO) announced an updated mineral resource estimate for the Buritica project in Colombia. The new resource is based on 271,003 metres of drill core sampling and 7,215 metres of underground sampling over the past eighteen months. Buritica now contains 4.48 million gold ounces in the Measured and Indicated (M&I)… Continue Reading

Via Energy and Gold.com: This morning Continental Gold (CNL.TO) released its much anticipated updated resource estimate which greatly increased the size and marginally increased the grade of its flagship Buriticá Project. This news is very significant because it makes the economics of the project significantly more attractive, despite the current weak gold price environment. CNL shares are soaring once… Continue Reading

Via Energy and Gold.com: We have been all over Continental Gold (CNL.TO) during 2015 and our persistence has rewarded readers who paid attention. Despite a relatively lackluster junior gold sector shares of CNL have performed superbly with a 35%+ gain year-to-date:   CNL carved out a head & shoulders bottom pattern between February and April of… Continue Reading

On the back of a positive Preliminary Economic Assessment (“PEA”), one that demonstrated robust economics even at today’s gold prices, Toronto’s Continental Gold (TSX: CNL; OTCQX:CGOOF) is readying itself for another milestone at its flagship Buriticá mine – the completion of permitting by the end of Q2 2015. If you’re unfamiliar with Continental Gold’s Buriticá… Continue Reading

Continental Gold (CNL.TO)’s Buritica project in Colombia is one of the richest development stage gold assets. The gold at Buritica, more than 7 million ounces in all categories and growing, will be mined underground from rich veins. The deposit has a combination of attributes that are rare for a gold miner: size, grade, exploration potential… Continue Reading

Via Energy and Gold.com: Encouraging comments from Colombian Minister of Mines and Energy Tomas Gonzalez this morning at PDAC sent Continental Gold (CNL.TO) shares soaring 10% before pulling back late in the trading session. Gonzalez stated that Buriticá’s environmental permit could come in May, a couple of months ahead of CNL’s timeline guidance. While government officials tend to… Continue Reading

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

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… Continue Reading

One of the largest and richest undeveloped gold assets in the world is Continental Gold’s Buriticá project in Colombia, with over 7 million ounces at average grades of over 9 grams gold per ton. The company published a Buriticá development update this morning (here’s a link). Of note, the cross cut at Veta Sur is validating the… Continue Reading