Recent results from Continental Gold‘s (CNL-T) Buritica gold project in Colombia add further support to the notion that the company has a significant project on it hands.
The results came out of 15 diamond drill holes at the 100% owned project in Antioquia province.
And while Continental was focusing on two areas, the best intercept came out of the Veta Sur system and returned 10.8 metres of 43.97 grams gold per tonne and 54 grams silver per tonne, including 3.4 metres of 123.08 grams gold and 131 grams silver.
The company says the hole demonstrates a new high-grade sub-zone at a 1,425-metre elevation, which is 300 metres below the shallowest, bonanza grade gold intercepts in the system and 200 metres below its high-grade zone.
A second hole at Veta Sur returned 10.7 metres of 17.17 grams gold and 214 grams silver.
Taken together, the company says the holes confirm the continuity of multiple precious metal veins in the central 120 metres of a 500-metre strike extent of the system.
But the results weren’t all about Veta Sur. Drilling at the Yaragua system also returned some stellar results highlighted by a hole
carrying 4 metres of 135.88 grams gold and 114 grams silver
While Buritica has several known areas of high-grade vein mineralization, Yaragua and Veta Sur are the most explored areas on the company’s 180-sq.-km property, and remain its focus.
Both systems are characterized by multiple veins and remain open at depth.
So far, roughly 51,000 metres of diamond drilling have been completed at the project, and eight drills are currently cutting 60,000 metres of both surface and underground drilling.
The news pushed Continental shares up 14¢ to $9.66 on 99,000 shares traded in Toronto on March 22 – the day the results were released.
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