17.9 metres at 113.82 g/t Gold and 112 g/t Silver

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24.11.10 14:20 #1 17.9 metres at 113.82 g/t Gold and 112 g/t S.

http://www.stockhouse.com/tools/...sp%3Fsymbol%3DT.CNL%26table%3DLIST

 

Continental Gold Drills 17.9 metres at  113.82 g/t Gold and 112 g/t Silver in the Veta Sur System, Buritica Gold  Project, Colombia
11/24/2010 6:31 AM - Market Wire


TORONTO, ONTARIO, Nov 24, 2010 (MARKETWIRE via COMTEX News Network) --

Continental  Gold Ltd. ("Continental" or the "Company") (TSX: CNL) is pleased to  announce further diamond drilling results from the Veta Sur and Yaragua  vein systems at its Buritica gold project in Antioquia, Colombia. Seven  drills continue to turn as part of a 100,000 metres Phase II diamond  drilling program, with completion anticipated prior to the end of 2011.

Highlights

 --  Drill hole BUSY-131 tested the central Veta Sur system and intersected     17.9 metres @ 113.82 g/t gold and 112 g/t silver including 1.2 metres @     1432.35 g/t gold and 625 g/t silver. This hole was an offset of the     previously announced BUSY-79 which intersected 14.3 m @ 446 g/t gold and     166 g/t silver. --  Step-out drilling on the Veta Sur system indicates significant gold     mineralization in multiple sub-parallel veins in a 100-meter wide     corridor with more than 400 meters of lateral and 350 metres vertical     extents and is open to the west and at depth. --  High grade Stage II-style gold mineralization has now been identified     overprinting phyllic alteration and base metal/carbonate gold (Stage I)     mineralization in the Yaragua and Veta Sur systems --  Continuing drilling in the Yaragua area family of veins intersected 11.0     meters @ 17.16 g/t gold including 1.25 meters @ 128.40 g/t gold and 55     g/t silver in hole BUSY-129 in the western portion of the San Antonio     vein. --  Step-out and infill drill intercepts on Yaragua Vein B includes 2.95     meters @ 24.37 g/t gold with 30 g/t silver in BUSY-92 and 13.4 meters @     6.54 g/t gold in BUUY-49.  

 

Details

The  100%-owned, 18,000 hectare Buritica gold project, located in the  Department of Antioquia, Colombia, is characterized by widespread,  high-grade gold mineralization in multiple vein packages as well as  extensive gold-in-soil anomalies. Drilling to date has focused on the  Yaragua and Veta Sur vein systems. These systems exhibit two  mineralogically and geochemically distinct phases of gold  mineralization. Stage I, seen in veins and breccias, consists of  semi-massive banded iron-zinc-lead (Fe-Zn-Pb) sulfides with a  carbonate-quartz gangue. The recently identified Stage II style is lower  in sulfide and consists principally of carbonate, quartz and native  gold. Bonanza-grade drill intercepts in areas dominated by Stage II  mineralization previously reported from the Veta Sur zone include 14.3  metres at 446 g/t gold and 166 g/t silver in Busy-79.

Total  surface and underground diamond drilling on the property since its  discovery in 2008 is over 42,000 meters. Seven drills are currently  working on infill and step-out on the Veta Sur and Yaragua families of  veins, new exploration in targets defined by soil anomalies, and  drilling along the trend of a planned one kilometer long tunnel which  will access the ore bodies at depth. The 100,000-metre Phase II drilling  program is to be completed before end 2011. This release summarizes the  results of recent drilling in the Veta Sur and Yaragua systems.

Veta Sur

Results  from the eight new drill-holes reported in the Veta Sur system extend  the strike length of the 100-metre wide mineralized corridor to 400  meters (Figure 1), open to the southwest. Within this corridor all holes  exhibit multiple vein intersections, which preliminary modeling  indicates reflect a family of five main veins. The entire Veta Sur  corridor is open below the 350 vertical meters currently drill tested.  Significant intercepts are tabulated below:

                                    Interval Hole ID         From (m)    To (m)       (m) Gold g/t  Silver g/t  Zinc ppm -------------------------------------------------- BUSY-81          236.85    239.45      2.60     20.91         7.5      7133                  249.35    261.50     12.15      4.81       120.1      3527 including        256.80    258.85      2.05     11.33       254.8     12597                  268.40    269.70      1.30     14.22        80.0      2616                  285.10    286.35      1.25     23.93       219.2      2421 BUSY-82           68.80     70.20      1.40     14.26        20.0     53800                   81.00     83.00      2.00      6.46        30.2     38040                  202.10    203.20      1.10      7.62        14.0      1083                  313.30    316.50      3.20      4.55        14.8      4380                  343.30    346.70      3.40     12.42        23.4       871 BUSY-83          171.00    173.00      2.00     23.33       216.0     13751                  252.55    254.50      1.95     12.56       160.2      1369 BUSY-86          352.90    355.00      2.10      4.12        27.8      4445                  359.00    362.20      3.20      3.49        23.5      3326 BUSY-89          325.80    328.50      2.70     12.16        19.0      2403                  334.50    340.55      6.05      8.93        78.2      1587 BUSY-90          260.85    262.30      1.45      9.38        79.2      3286                  333.15    333.80      0.65     18.47        28.0      2036                  381.70    382.60      0.90     27.24        68.6       654                  405.50    409.80      4.30     16.05        14.7       200 BUSY-91          245.60    249.30      3.70      4.22        18.4       333                  283.00    288.10      5.10      4.34        24.2       589                  317.70    318.75      1.05      8.64        28.0      2748 BUSY-131         104.00    106.50      2.50      9.63        27.4      1887                  124.00    141.90     17.90    113.82       112.4       645 including        127.30    128.50      1.20   1432.35       625.4       625 and              132.00    133.80      1.80    127.02       161.8       796 (a) True widths not known but estimated at 50% or higher of the quoted     intercept (b) Grades are uncut and an external grade cutoff of 1.0 g/t Au used to     determine intersection thickness and grade (c) BUSY- sequence drilled from the surface, BUUY- sequence from underground (d) Holes not reported in numerical sequence are in sample preparation or     assay lab  

 

BUSY-131  was drilled from south to north and in scissor pattern with the  north-to-south drilled Busy-79, which intersected 14.3 m @ 446 g/t Au  gold and 166 g/t Ag silver. Both holes contain two very high grade  portions which exhibit abundant visible gold and which define a  steeply-dipping high grade sub-zone of more than 10 metres true  thickness. The bonanza gold grades associated with low base metals and  vuggy carbonate are typical of the Stage II style mineralization which  is proving to be extensive in the Veta Sur system.

Yaragua Veins

Drilling  in the Yaragua area focused on defining the western extension of Vein  B. Eight of the nine new drill holes into Vein B intersected good gold  grades and/or vein-set thicknesses. Higher grades were encountered to  the west where the vein shows a distinct Stage II overprint  characterized by carbonate-native gold-stibnite mineralization. The main  intercepts from these holes are tabulated below and are shown in Figure  2.

A single drill hole completed on the San Antonio vein further  demonstrates good grades and continuity of the western part of this  vein set. The intersection of 1.25 meters @ 128 g/t Au in BUSY-129  appears to be a Phase II overprint within the broader intersection of 11  meters @ 17.16 g/t Au.

                               Interval     Gold Silver   Zinc Drillhole ID   From (m) To (m)      (m)     g/t    g/t    ppm       Subzone -------------------------------------------------- BUSY-80         127.50 129.00     1.50     3.37    6.2   5795        Vein B BUSY-84          85.00  86.15     1.15    12.58    5.1   4863        Vein B BUSY-85          85.40  89.90     4.50     6.24    4.0   3281        Vein B                  98.90 100.40     1.50     7.10    7.9   3528 BUSY-88          40.95  47.30     6.35     5.07   18.2  13015        Vein B                  82.30  84.80     2.50     9.25    6.3  11824 BUSY-92         143.50 144.50     1.00     7.97   18.6  47220                 157.75 160.70     2.95    24.37   30.0  18227        Vein B                 198.30 198.70     0.40    38.91   10.0    562 BUSY-129        108.70 110.20     1.50     7.13    7.2   2872                 118.85 129.85    11.00    17.16    9.9   3038   San Antonio including       122.40 123.65     1.25   128.40   55.0   3963                 140.10 149.60     9.50     8.52   18.1   7551 BUUY-40         136.30 138.50     2.20    15.44   25.8   4470        Vein B BUUY-41         231.35 237.60     6.25     5.69    6.6   4143        Vein B                 240.60 256.90    16.30     3.47    5.2   2423 including       243.30 246.50     3.20     9.72   11.4   1254 BUUY-43          75.00  76.50     1.50    13.10   16.3   1136        Vein B                 266.55 267.95     1.40     5.59    8.4    761 BUUY-49          11.00  15.60     4.60     3.86    4.5   1541                  60.10  73.50    13.40     6.54    4.6   6646        Vein B including        65.50  70.50     5.00    13.80    6.6  10918                  85.00  86.00     1.00    13.75    4.9    247 (a) True widths not known but estimated to be 50% or higher of quoted     intercept (b) Grades are uncut and an external grade cutoff of 1.0 g/t Au used to     determine intersection thickness and grade (c) BUSY- sequence drilled from the surface, BUUY- sequence from underground (d) Holes not reported in numerical sequence are in sample preparation or     assay lab  

 

Technical Information

The  results of the Company's drilling program have been reviewed, verified  and compiled by Vice President Exploration, Stuart Moller P.Geol., a  qualified person for the purpose of NI 43-101. Mr. Moller has over 30  years of mineral exploration experience and is a Licensed Professional  Geologist in the Province of British Colombia and a Fellow of the  Society of Exploration Geologists.

The company utilizes an  industry-standard QA/QC program. HQ and NQ diamond drill-core is sawn in  half with one half shipped to a sample preparation lab in Medellin run  by SGS Colombia. Samples are then shipped for analysis to SGS 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 laboratories in Vancouver  and/or Inspectorate Labs in Reno.

About Continental Gold Limited

Continental  Gold Limited is an advanced-stage exploration company with eight gold  projects covering 200,000 hectares in Colombia. Spearheaded by a  management team with over 40 years of exploration and mining experience  in South America, the Company has begun an aggressive exploration  program on its extensive portfolio of properties with a focus on its  flagship high-grade gold project, Buritica and the highly-prospective  Berlin gold project. Additional details on the Buritica project and the  rest of Continental Gold's suite of gold exploration properties is  available at www.ContinentalGold.com.

Forward-Looking Statements

"This  press release contains or refers to forward-looking information,  including statements regarding the estimation of mineral resources,  exploration results, potential mineralization, exploration and mine  development plans, timing of the commencement of operations and  estimates of market conditions, and is based on current expectations  that involve a number of business risks and uncertainties. Factors that  could cause actual results to differ materially from any forward-looking  statement include, but are not limited to, failure to convert estimated  mineral resources to reserves, capital and operating costs varying  significantly from estimates, the preliminary nature of metallurgical  test results, delays in obtaining or failures to obtain required  governmental, environmental or other project approvals, political risks,  uncertainties relating to the availability and costs of financing  needed in the future, changes in equity markets, inflation, changes in  exchange rates, fluctuations in commodity prices, delays in the  development of projects and the other risks involved in the mineral  exploration and development industry. Forward-looking statements are  subject to significant risks and uncertainties, and other factors that  could cause actual results to differ materially from expected results.  Readers should not place undue reliance on forward-looking statements.  These forward-looking statements are made as of the date hereof and the  Company assumes no responsibility to update them or revise them to  reflect new events or circumstances other than as required by law."

To  view Figure 1 - Surface plan of current and past drilling in the Veta  Sur area, please visit the following link:  http://media3.marketwire.com/docs/cnl_1124_fig_1.pdf

To view  Figure 2 - Plan view of the new drilling in the Yaragua family of veins  (previous drilling shown in gray traces), please visit the following  link: http://media3.marketwire.com/docs/cnl_1124_fig_2.pdf

Contacts: Continental Gold Limited Naomi Nemeth Vice President, Investor  Relations +1 416.643.7638 info@continentalgold.com  www.continentalgold.com

 
24.11.10 14:44 #2 habt ihr
mal so welche Gold-Bohrergebnisse gesehen? Unglaublich....  
24.11.10 15:08 #3 sprachlos?
hahaha...oder keine Ahnung?:-)  
24.11.10 16:13 #4 genial
drüben gleich 10% +  
24.11.10 17:34 #5 Es wird weiter nach oben gehen...
selten so gute Bohrergebnisse gesehen.  Die Tatsache, dass in Kolumbien jede Bohrung ein Treffer ist, bescheinigt die hohe Qualität des Projekts.  
25.11.10 20:40 #6 Es wird weiter in Kanada eingekauft!!

Insider haben sich gestern nach der Hammer- NEWS Aktienkäufe vorgenommen.

WERT: 3,44 MIO DOLLAR

Quelle:

http://www.tmxmoney.com/...Submit&QuerySymbol=cnl&x=0&y=0

Toronto Stock Exchange

                                                                                                                                                                                                                                                                                           
Company Name :            Continental Gold LimitedLast Updated:            November 24, 2010
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11/24/2010CNL347,40003,440,808.000.00550CAD
 
26.11.10 10:48 #7 Es geht weiter nach oben...
Es wird ein heißer Dezember bei Continental Gold ;-)  
30.11.10 22:06 #8 welch ein finish

  grandi

 
01.12.10 09:58 #9 Klasse Endspurt!
Ich verstehe nicht wo der Aktienkurs so schnell hin möchte aber die Insidern scheinen es unglaublich eilig zu haben! :-))))))  
21.12.10 15:20 #10 NEWS!

http://www.continentalgold.com/_resources/news/nr_2010_12_21.pdf

 

CONTINENTAL GOLD DRILLS 9.9 METRES AT 53.11 G/T GOLD & 109.9 G/T SILVER AND 3.5 METRES AT 76.72 G/T GOLD & 216.4 G/T SILVER AT THE BURITICA GOLD PROJECT

 

Continental Gold Ltd. is providing further diamond drilling results from the Yaragua and Veta Sur systems at its Buritica gold project in Antioquia, Colombia. To date, 45,000 metres of diamond drilling have been completed on the property as part of a program which will include an additional minimum of 60,000 metres in 2011.

Highlights

 

  • Among multiple vein and breccia intercepts, drill-holes BUUY-48 and BUUY-51 in the Yaragua System cut 3.5 m @ 76.72 g/t gold and 216.4 g/t silver and 2.7 m @ 60.53 g/t gold and 55.0 g/t silver, respectively.
  • An intercept of 126.9 g/t gold and 92.0 g/t silver over 0.4 m in BUUY -46 is the deepest mineralization drilled to date at Buritica and represents a newly discovered vein system.
  • The mineralized intersections in the Yaragua System extend the high grade vein system to over 500 metres along strike and 550 vertical metres. The Yaragua System remains open along strike to the west and at depth.
  • BUUY-44 intersected 9.8 m @ 13.93 g/t gold and 69.6 g/t silver in the Murcielagos family of veins in eastern portion of Yaragua.
  • Hole BUUY-130 cut 9.9 m @ 53.11 g/t gold and 109.9 g/t silver in the Veta Sur System approximately 35 metres above the previously reported bonanza grade intersections in holes Busy-79 (14.3 m @ 446 g/t Au and 166 g/t Ag) and Busy-131 (17.9 m @ 113.8 g/t Au and 112.4 g/t Ag), extending the central high grade core of this system.

 

 
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