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These results represent substantial extensions mainly to the Vein A and Vein D packages, the most northerly in the Yaragua vein system. In conjunction with the results from BUSY324, BUSY329 and other drilling, these vein packages are interpreted as exhibiting strike lengths of more than 550 metres, depth extents of more than 700 metres and open in all directions.
-- The eight eastern Yaragua drill-holes otherwise intersected veins of grades and thicknesses consistent with the current mineral resource model. Drill-hole intercepts exhibiting substantially greater apparent thicknesses and/or higher grades than this model include: -- 5.17 metres @ 5.2 g/t gold and 3 g/t silver (BUUY091, San Antonio vein, elevation of 1,256 metres) -- 3 metres @ 11.6 g/t gold and 26 g/t silver, including 1.2 metres @ 25.5 g/t gold and 49 g/t silver (BUUY095, VNB package, elevation of 1,323 metres) -- 4.4 metres @ 6.1 g/t gold and 9 g/t silver (BUUY095, San Antonio, elevation of 1,258 metres) -- 12 metres @ 8.2 g/t gold and 120 g/t silver, including 1.5 metres @ 43.96 g/t gold and 1,770 g/t silver (BUUY097, PRE-VNB packages, elevation of 1,370 metres) -- 6.55 metres @ 13.7 g/t gold and 18 g/t silver, including 1.65 metres @ 43 g/t gold and 23 g/t silver (BUUY097, VNC, elevation of 1,350 metres) -- 5.4 metres @ 6.7 g/t gold and 13 g/t silver, including 1 metre @ 30.7 g/t gold and 52 g/t silver (BUUY097, San Antonio vein, elevation of 1,332 metres) -- 3.8 metres @ 5.3 g/t gold and 41 g/t silver, including 0.8 metres @ 18.6 g/t gold and 180 g/t silver (BUUY098, MU3 vein, elevation of 1,380 metres) -- 5.8 metres @ 7.6 g/t gold and 52 g/t silver, including 1.4 metres @ 23.8 g/t gold (BUUY098, VNC, elevation of 1,366 metres)
"We are quite excited about making a new discovery at San Agustin. We are very encouraged that our first two drill-holes in San Agustin produced multiple veins at significant depths which correlate well with artisanal workings up to elevations above 900 metres. A dedicated diamond-drill rig has already been secured for this target and will begin turning in April in order to test the system at shallower depths and we are hopeful the grades and thicknesses will improve. In addition, drilling in Yaragua continues to impress with long intervals at high-grades outside of the current mineral resource model," commented Ari Sussman, CEO.
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 the results of infill and extension drilling of the Yaragua vein systems and the first drilling results to the north of this system called the San Agustin area.
