Continental Gold Limited New CGOOF

RE:RE:75 km of drilling ??? WHAT ????

[auburn2]

"The BMZ consists of a group of modelled precious-metal-bearing veins in the current mineral resource estimate block model with mineralization occurring between these veins, generally in the form of veinlets at oblique angles to strike. The majority of the mineralization between modelled veins is not in the current mineral resource estimate, providing potential upside both in terms of identifying significantly broader and more productive zones for mining and increased mineral resources. To date, the company has identified up to seven BMZ targets for testing and will systematically drill each target zone as underground mine development advances."

"Since completing the feasibility study for the Buritica project in 2016, the company has been optimizing the mine design and rescheduling development. This work has resulted in a reduction in total preproduction lateral development (horizontal and inclined jumbo development) from 19 kilometres in the feasibility study to 14.3 km in the current mine plan, a reduction of approximately 25 per cent."

"Infill drilling into the eastern extension of the Yaragua system has intercepted high-grade gold in veins covering almost 600 vertical metres in elevation with significantly higher grades and better continuity than in the current mineral resource block model, with results including: "

"These intercepts into the BMZ2 new discovery not only confirm its presence, but also that it hosts high-grade gold over robust widths. While it is still early days toward understanding the potential of this new discovery, the company is optimistic that additional drilling may result in a zone, which is similar to BMZ1 farther to the west, that covers 440 vertical metres and remains open for depth expansion. If proven by future drilling, BMZ2 could introduce additional mine plan flexibility and greatly increase production flexibility for future mining."

"In addition to the discovery of BMZ2, all nine diamond drill holes successfully intercepted high-grade gold-bearing veins at various elevations covering more than 580 metres. All vein intercepts resulted in significantly higher grades than in the current mineral resource block model and remain open for expansion at depth and along strike to the east toward the projection of the Tonusco fault and at depth."

"Significantly higher grades and wider exposures continue to be encountered to the southwest along the HW vein, which has been extended nine metres for a total length along the drift of 46 metres. Additionally, development to the east in the San Antonio and HW vein drifts continues to expose remarkably continuous high-grade gold over robust widths."

"Underground development continues to advance ahead of schedule. Channel sampling results along mineralized corridors currently being prepared for mining along the San Antonio vein family continue to expand the strike length of the high-grade mineralization at significantly higher grades times widths than the mineral resource block model as follows:"

"Being able to potentially mine two broad, high-grade and large-tonnage zones, alongside high-grade yet narrow individual veins, will only serve to enhance the mine and increase operations flexibility."

So this definitely wasn't a Friday afternoon NR and many industry eyes are watching closely these developments. How does Buritica compare against the best gold projects in the world not yet 100% owned by a major?