Continental Gold Ltd. (TSX: T.CNL, Stock Forum) said it has filed an updated mineral resource estimate for the Buriticá project in Colombia.
The company´s flagship Buriticá project, located 75 kilometres northwest of Medellín, is readily accessible by paved highway with great infrastructure including water availability and grid power.
According to the Continental Gold press release, the technical report covers two major vein systems, with combined measured and indicated mineral resources of 3,740,000 tonnes of mineralized material containing 1,640,000 ounces of gold grading 13.6 grams per tonne gold, 4,600,000 ounces of silver grading 38 grams per tonne silver, and 55,800,000 pounds of zinc grading 0.7% zinc.
Furthermore, the inferred mineral resource is 13,330,000 tonnes of mineralized material containing 3,760,000 ounces of gold grading 8.8 grams per tonne gold, 14,200,000 ounces of silver grading 33 grams per tonne silver and 156,500,000 pounds of zinc grading 0.5% zinc.
Continental Gold is an advanced-stage exploration and development company with an extensive portfolio of 100%-owned gold projects in Colombia.
On Thursday, Continental Gold was trading at $9.27 a share. The company has a market cap of $1.08 billion, based on 116.6 million shares outstanding. The 52-week high and low was $10.03 and $5.35 respectively.