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"Our team deserves credit for the success achieved so early into the evaluation of our new discovery at La Estera," commented Ari Sussman, CEO. "A core focus of 2013 is going to be drilling the La Estera area as we believe there is a potential to add a new dimension of mineral resource growth to our corporate profile."
Details
Continental's 100%-owned, 57,641-hectare project, Buritica, contains several known areas of high-grade gold and silver mineralization, of base metal carbonate-style ("Stage I") variably overprinted by texturally and chemically distinctive high-grade ("Stage II") mineralization. The two most extensively explored of these areas (the Yaragua and Veta Sur systems) are central to this land package. The Yaragua system has been drill-outlined along 900 metres of strike and 1,300 vertical metres and partially sampled in underground developments. The Veta Sur system has been drill intersected along 570 metres of strike and 1,180 vertical metres. Both systems are characterized by multiple, steeply-dipping veins and broader, more disseminated mineralization and both remain open at depth and along strike, at high grades. See "About Continental Gold" (below) for a precis of the updated mineral resource estimates for the Buritica project prepared in accordance with National Instrument 43-101 ("NI 43-101"). This release documents drilling results for prospects from the La Estera area to the south (Laurel, La Mano and La Estera vein systems), west (Far West target) and northeast (Guacamaya target) of the Yaragua and Veta Sur vein systems.
La Estera AreaSignificant new drill intercepts are listed below in Table I and arereferenced in Figure 2.Table I: Drilling Highlights, La Estera Area----------------------------------------------------------------------------Drill- From To Interval(i) Gold Silver Zinc Elevationhole (m) (m) (m) (g/t) (g/t) (%) (m)--------------------------------------------------------------------------------------------------------------------------------------------------------BUSY288 37.35 38.20 0.85 1.33 44.3 0.9 1437---------------------------------------------------------------------------- 61.65 62.40 0.75 5.95 19.6 0.6 1416---------------------------------------------------------------------------- 116.10 117.10 1.00 2.74 1.9 0.1 1370---------------------------------------------------------------------------- 140.50 142.00 1.50 0.67 10.2 2.3 1348---------------------------------------------------------------------------- 196.00 197.00 1.00 1.07 1.0 0.0 1300--------------------------------------------------------------------------------------------------------------------------------------------------------BUSY319 117.40 118.80 1.40 1.68 53.6 0.2 1670---------------------------------------------------------------------------- 294.00 294.40 0.40 0.62 36.3 0.7 1520---------------------------------------------------------------------------- 811.60 812.00 0.40 15.9 22.4 6.6 1100---------------------------------------------------------------------------- 821.80 822.20 0.40 3.38 11.6 1.0 1091---------------------------------------------------------------------------- 975.10 975.50 0.40 36.6 83.9 6.1 975---------------------------------------------------------------------------- 994.60 995.00 0.40 15.05 22.0 0.3 960---------------------------------------------------------------------------- 1007.50 1007.90 0.40 1.22 3.6 1.8 951---------------------------------------------------------------------------- 1014.60 1018.50 3.90 2.7 6.1 1.9 946----------------------------------------------------------------------------incl. 1016.30 1017.30 1.00 8.28 10.5 3.9 944---------------------------------------------------------------------------- 1024.00 1025.00 1.00 1.36 2.6 0.5 939---------------------------------------------------------------------------- 1026.00 1026.95 0.95 4.64 9.3 0.9 938---------------------------------------------------------------------------- 1028.70 1031.80 3.10 2.18 7.0 0.9 935---------------------------------------------------------------------------- 1034.50 1035.00 0.50 4.01 7.5 1.7 931---------------------------------------------------------------------------- 1036.50 1037.00 0.50 1.7 5.1 0.5 929---------------------------------------------------------------------------- 1302.00 1302.40 0.40 0.95 3.3 0.0 726--------------------------------------------------------------------------------------------------------------------------------------------------------BUSY322 204.35 205.50 1.15 2.5 7.8 0.0 1206---------------------------------------------------------------------------- 210.60 211.35 0.75 3.04 33.3 0.1 1201---------------------------------------------------------------------------- 317.00 318.50 1.50 1.9 0.4 0.0 1108---------------------------------------------------------------------------- 350.00 352.13 2.13 15.9 19.1 0.1 1080---------------------------------------------------------------------------- 359.50 361.00 1.50 1.13 3.7 0.0 1071---------------------------------------------------------------------------- 457.50 458.00 0.50 1.65 1.2 0.0 987--------------------------------------------------------------------------------------------------------------------------------------------------------BUSY325 208.35 209.40 1.05 2.71 45.1 0.0 1715---------------------------------------------------------------------------- 212.10 213.25 1.15 2.95 48.6 0.1 1711---------------------------------------------------------------------------- 246.20 247.30 1.10 3.1 1857.1 3.2 1680---------------------------------------------------------------------------- 283.40 287.00 3.60 1.38 180.1 0.8 1643----------------------------------------------------------------------------incl. 283.40 284.30 0.90 4.76 537.7 2.6 1643---------------------------------------------------------------------------- 341.60 342.20 0.60 1.06 15.6 0.2 1587---------------------------------------------------------------------------- 368.30 370.60 2.30 9.19 18.0 0.2 1562---------------------------------------------------------------------------- 433.20 434.30 1.10 1.44 72.1 1.1 1498---------------------------------------------------------------------------- 1288.22 1289.75 1.53 4.4 11.3 0.0 680--------------------------------------------------------------------------------------------------------------------------------------------------------BUSY327 37.60 40.35 2.75 1.54 76.7 0.9 1741---------------------------------------------------------------------------- 44.00 47.10 3.10 1.96 99.7 16.9 1734----------------------------------------------------------------------------incl. 44.00 45.25 1.25 2.08 230.0 39.7 1734---------------------------------------------------------------------------- 65.50 66.00 0.50 1.09 0.5 0.0 1716---------------------------------------------------------------------------- 90.15 92.00 1.85 1.56 24.1 0.1 1694---------------------------------------------------------------------------- 200.80 201.80 1.00 0.86 39.3 0.2 1600---------------------------------------------------------------------------- 208.00 208.40 0.40 2.79 70.4 1.3 1593---------------------------------------------------------------------------- 1030.40 1030.90 0.50 1.26 2.1 0.1 894--------------------------------------------------------------------------------------------------------------------------------------------------------BUSY328 172.90 175.00 2.10 1.84 5.7 0.1 1222---------------------------------------------------------------------------- 405.00 406.00 1.00 1.01 1.0 0.0 1007---------------------------------------------------------------------------- 439.50 440.50 1.00 1.82 9.4 0.2 975---------------------------------------------------------------------------- 456.25 456.75 0.50 3.08 7.0 0.0 960--------------------------------------------------------------------------------------------------------------------------------------------------------BUSY331 184.30 184.90 0.60 4.07 3.6 0.0 1622----------------------------------------------------------------------------(ii) 206.34 208.00 1.66 2.99 51.3 1.6 1604---------------------------------------------------------------------------- 222.47 223.60 1.13 0.97 174.2 0.0 1590---------------------------------------------------------------------------- 267.40 268.20 0.80 2.94 19.1 0.4 1553---------------------------------------------------------------------------- 392.50 393.50 1.00 0.21 51.3 0.0 1451---------------------------------------------------------------------------- 397.00 398.05 1.05 21.25 95.9 3.5 1448---------------------------------------------------------------------------- 400.10 400.60 0.50 12.95 34.3 3.4 1445---------------------------------------------------------------------------- 406.45 408.35 1.90 2.39 39.1 1.0 1440---------------------------------------------------------------------------- 409.55 412.30 2.75 13.55 135.0 12.8 1437----------------------------------------------------------------------------incl. 409.55 411.05 1.50 20.22 150.8 6.3 1437---------------------------------------------------------------------------- 414.65 415.50 0.85 3.64 225.6 2.3 1433----------------------------------------------------------------------------(i)Intercepts calculated at 1 g/t gold + 30 g/t silver cut-off grades forminimum intervals of 0.4 metres, with up to 30% internal dilution. Truewidths not accurately known but generally are between 30% and actual truewidth of the down-hole interval.(ii)Assays not yet received for BUSY331 below 500 metres down-hole.
