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These results represent substantial extensions mainly to the Vein A and Vein D packages, the most northerly in the Yaragua 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 are open in all directions.
Further to the north, drill-holes in the more westerly fan intersected several vein families in the eastern San Agustin area (Figure 1); high-grade intercepts include:
-- 3.0 metres @ 7.2 g/t gold, 43 g/t silver and 8% zinc (BUUY093, from 426.0 metres down-hole, elevation of 1,109 metres)-- 2.0 metres @ 1.0 g/t gold and 701 g/t silver (BUUY094, from 439 metres, elevation of 1,178 metres)
High-grade surface samples (Figure 1) and informal mining activity in eastern San Agustin are consistent with vertical extents of these vein families of over 500 metres and the vein systems are open to depth as well as to the west and east. Geological mapping and numerous informal mine workings are interpreted to indicate that some parts of the San Agustin vein system may extend to the western San Agustin area (including intercepts in BUSY324 and BUSY329 and surface sampling in this area). Further drilling is required to evaluate the potential 600 metres strike length and large vertical extent of the San Agustin system.
Technical Information
Vic Wall, PhD, special advisor to the Company and a qualified person for the purpose of NI 43-101, has prepared or supervised the preparation of, or approved, as applicable, the technical information contained in this press release. Dr. Wall is a geologist with 35 years' experience in the minerals mining, consulting, exploration and research industries. Following a career in Australian and North American academes, he held senior positions in a number of multinational major and junior minerals companies. A Fellow of the Australian Institute of Geoscientists, Dr. Wall is Principal of Vic Wall & Associates, a Brisbane-based consultancy that provides geoscientific services to mineral companies and government agencies, worldwide.
The Company utilizes a rigorous, industry-standard QA/QC program. Core is sawn in half with one-half shipped to a sample preparation lab in Medellin run by ALS Colombia Limited ("ALS") in Colombia. Samples are then shipped for analysis to an ALS-certified assay laboratory in Lima, Peru. The remainder of the core is stored in a secured storage facility for future assay verification. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance and a portion of the samples are periodically check assayed at ACME Analytical Laboratories in Vancouver, British Columbia and/or Inspectorate America Corp. in Reno, Nevada.
The Company does not receive assay results for drill-holes in sequential order; however, all assay results are publicly reported. A complete listing of assay results to date for the Buritica project is available on the Company's website at www.continentalgold.com.
For additional technical information on the Buritica project, please refer to the Company's technical report (the "Technical Report") entitled "2012 Mineral Resource Estimate of the Buritica Gold Project, Colombia" dated November 15, 2012 with an effective date of October 22, 2012, prepared by Andrew J Vigar, BAppSc Geo, FAusIMM, MSEG, and Martin Recklies, BAppSC Geo, MAIG, each of Mining Associates Pty Limited, available on SEDAR at www.sedar.com, on the OTCQX at www.otcmarkets.com and on the Company website at www.continentalgold.com.
