TORONTO, ONTARIO -- (Marketwired) -- 04/03/13 -- Continental Gold Limited (TSX: CNL)(OTCQX: CGOOF) ("Continental" or the "Company") is pleased to announce results for 11 diamond drill-holes and near-surface sampling in the La Estera and Yaragua areas, as part of the Company's ongoing exploration program at the Buritica Project in Antioquia, Colombia. Ten drills are currently on site as part of the Company's Phase IV, minimum 95,000-metre diamond drill program for 2013.
La Estera Area (Figures 1 and 2)
-- Step out drilling in the La Estera area has extended the Laurel family of veins approximately 200 metres to the west. High-grade intercepts in BUSY332 include: -- 9.83 metres @ 16.1 g/t gold and 50 g/t silver, including 3.34 metres @ 38.9 g/t gold and 111 g/t silver (elevation of 1,036 metres); and -- 1.75 metres @ 36.7 g/t gold and 182 g/t silver (elevation of 1,063 metres).-- BUSY333 and BUSY338 are interpreted to have intersected the Laurel family of veins 400-500 metres to the east of and at higher elevations than in BUSY332. Intercepts include: -- 0.3 metres @ 20.6 g/t gold and 29 g/t silver (BUSY333, elevation of 1,313 metres); -- 0.4 metres @ 18.2 g/t gold and 7 g/t silver (BUSY338, elevation of 1,574 metres); -- 1.23 metres @ 10.8 g/t gold, 97 g/t silver and 5.3% zinc (BUSY338, elevation of 1,459 metres); and -- 2.36 metres @ 9.2 g/t gold, 135 g/t silver and 9.0% zinc (BUSY338, elevation of 1,439 metres).-- These drilling results are consistent with a lateral extent of the Laurel vein family of more than 500 metres and vertical extents of 500- 1,000 metres, open to depth and to the east and west.-- Further south, BUSY332 has extended mineralization in the La Estrella vein family to the west of previous drilling, whereas BUSY333 has intersected this vein system more than 1,000 vertical metres below related surface mineralization.-- In the northeast portion of the La Estera area, located just south of the Yaragua vein system, significant gold-silver mineralization has been encountered from both sampling of the Veta Sur decline ("Rampa Sur") and surface sampling in the vicinity of the decline portal. Assay results include: -- 1.5 metres @ 13.9 g/t gold and 5 g/t silver (Surface, elevation of 1,729 metres); and -- 1.0 metres @ 7.9 g/t gold, 12 g/t silver and 8.5% zinc (Rampa Sur, elevation of 1,705 metres).-- In the southeastern La Estera area, BUSY330 intersected several broad intervals of base metal-rich, gold-silver mineralization in the vicinity of the La Mano vein family, including: -- 12.95 metres @ 3.8 g/t gold and 10 g/t silver, including 0.95 metres @ 13.4 g/t gold, 21 g/t silver and 2.5% zinc (elevation of 1,213 metres); and -- 9.5 metres @ 2.7 g/t gold and 24 g/t silver (elevation of 1,182 metres).-- In the central-east part of the La Estera area, individual samples from two historic and narrow workings on the east-west trending La Mano vein family assayed 15.7 g/t gold, 254 g/t silver, 17.3% zinc and also 25.2 g/t gold, 27 g/t silver and 2.7% zinc. These results, together with BUSY319 (see December 13, 2012 news release) confirm a minimum strike- length of 150 metres for this vein family, open laterally and to depth.