Handelsstop beendet
In March, privately held Continental Gold's shareholders had approved a reverse takeover offer from Cronus Resources Ltd CZR.V. Im März, Privatbesitz befindliches Gold Continental-Aktionäre hatten einen Reverse-Übernahmeangebot von Kronos Resources Ltd CZR.V. genehmigt
Cronus Resources' shares were delisted from the Toronto Venture Exchange on April 16. Kronos Resources 'Aktien wurden von der Toronto Venture Exchange am 16. April dekotiert.
Shares of the company were up C$1.73 at C$2.35 during morning trade on the Toronto Stock Exchange. Aktien des Unternehmens wurden bis C $ 1,73 auf C $ 2,35 während der Morgen Handel an der Toronto Stock Exchange. They had earlier touched a high of C$2.50. Sie hatten zuvor ein Hoch von C $ 2,50 berührte.
Ventana Gold (VEN.TO)
Flagship Project: La Bodega, about 450 km north of Bogota
Market cap: $1.38 billion
Resources: 3.5 million ounces of gold
Estimated annual production: 347,000 ounces
Development costs: $297 million, plus $45 million in feasibility stage
Continental Gold (CNL.TO)
Flagship Project: Buritica, 75 km northwest of Medellin
Market Cap: $837.58 million
Resources: no official resource estimate
Estimated annual production: 300,000 ounces of gold
Development costs: $100-$200 million
Medoro Resources (MRS.TO)
Flagship Project: Marmato, 120 km south of Medellin
Market cap: $298.58
Resource: 6.6 million ounces
Estimated annual production: 560,000 ounces of gold
Development costs: $850 million
Greystar Resources (GSL.TO)
Flagship Project: Angostura, about 450 km north of Bogota
Market cap: $297.28 million
Resource: 11.5 million ounces of gold
Estimated annual production: 511,000 ounces of gold
Development costs: $238.4 million
February 16, 2011
Toronto, Ontario - Continental Gold Limited ("Continental" or the "Company") (TSX:CNL) is pleased to announce results from fourteen diamond drill-holes from the Company’s 2010 program at its Buriticá gold project in Antioquia, Colombia. To date, 47,000 metres of diamond drilling has been completed on the property and eight drills are currently working on a 60,000-metre surface and underground 2011 drill program.
Highlights
Significant intercepts in the Veta Sur package include:
10.0m @ 28.26 g/t Au and 364.6 g/t Ag in hole BUSY-118,
7.5m @ 39.15 g/t Au and 44.8 g/t Ag in BUSY-122,
2.74m @ 48.11 g/t Au and 435.3 g/t Ag in BUSY-117 and
1.20m @ 150.95 g/t Au and 15 g/t Ag in BUSY-107.
BUSY-107 and BUSY-122 appear to have demonstrated two new high grade gold subzones. BUSY-117, BUSY-118 and other holes continued to delineate high grade silver in Veta Sur
Highlights of drilling in the Yaragua vein system include:
3.30m @ 95.26 g/t Au and 23.7 g/t Ag in BUUY-53,
2.60m @ 43.65 g/t Au and 33.5 g/t Ag in BUSY-108 and
3.20m @ 34.48 g/t Au and 21.4 g/t Ag in BUSY-105.
These and other Yaragua drill-holes include newly recognized vein sets and demonstrate the grade continuity of several of the veins in the west part of the Yaragua System.
28.5m @ 3.82 g/t Au and 1.49% Zn in BUUY-53 was drilled in the Yaragua breccia, results which are similar to other drill holes and underground crosscuts from 2008-2010. This result further underlines the potential of the Yaragua breccia as an underground bulk mineable body.
Please click here to view the full release
About Continental Gold Limited
Continental Gold Limited is an advanced-stage exploration company with eight gold projects covering approximately 166,207 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, Buriticá and the highly prospective Berlin gold project. Additional details on the Buriticá project and the rest of Continental Gold's suite of gold exploration properties is available at www.ContinentalGold.com.
For further information, please contact:
Elina Chow
Director, Investor Relations
Continental Gold Limited
+1.416.400.0149
info@continentalgold.com
www.continentalgold.com
Forward-Looking Statements
This press release contains or refers to forward-looking information, including statements regarding the expected listing date of the Warrants and is based on current expectations that involve a number of business risks and uncertainties. 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.
Continental Gold: Continuous high-grade gold in systematic sampling at the Buriticá Project, Colombia
Toronto, Ontario-
Continental Gold Limited ("Continental" or the "Company") (TSX:CNL) is pleased to announce results from the Company's ongoing underground sampling of parts of the Yaragua Vein System at its Buriticá project in Antioquia, Colombia. These results complement the drilling program at Buriticá in which 50,000 metres of underground and surface diamond drilling have been completed to date and an additional 60,000 metres are scheduled in 2011.
Highlights
Underground (drift) sampling on the San Antonio subzone/vein set has yielded the following average grades across average widths along substantial strike lengths at the given elevations
52.9 g/t Au, 65 g/t Ag, 2.0% Zn across 1.77m , along 52m: RL 1555m
99.3 g/t Au, 306 g/t Ag, 2.3% Zn across 1.56m, along 43m: RL 1540m
134.0 g/t Au, 147 g/t Ag, 2.4% Zn across 1.26m, along 40m: RL 1515m
203.1 g/t Au across 1.39m along 31m: RL 1495
75.0 g/t Au, 405 g/t Ag, 0.5% Zn across 1.45m, along 62m: RL 1440m
Sampling on San Antonio in raises above drifts has also demonstrated strong grade continuity between levels, for example
49.0 g/t Au, 90 g/t Ag, 1.9% Zn across 1.23m along 24m (vertical) above RL 1515m
35.1 g/t Au, 41 g/t Ag, 0.7% Zn across 1.17m along 15m (vertical) above RL 1495
In addition to high grade gold, several segments of the San Antonio vein set exhibit high grade silver, up 411.43 g/t over substantial intervals
The underground sampling has demonstrated continuous high gold grades along up to 500 metres of strike length and vertical extents of up to 115 metres of the San Antonio vein set
The results have generated confidence in the interpolation of drilling results for resource estimation and that substantial parts of the Yaragua System contain high-value precious metal mineralization potentially mineable over metre-plus widths.
Please click the following link to view the full news release: http://continentalgold.com/_resources/news/nr_2011_03_03.pdf
About Continental Gold Limited Continental Gold Limited is an advanced-stage exploration company with eight gold projects covering approximately 166,207 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, Buriticá and the highly prospective Berlin gold project. Additional details on the Buriticá project and the rest of Continental Gold's suite of gold exploration properties is available at www.ContinentalGold.com.
Canadian provinces occupied three of the top four rankings for mining exploration and investment in the latest version of the Fraser Institute's Survey of Mining Companies 2010/2011.
Continental Gold: Continuous high-grade gold in systematic sampling at the Buriticá Project, Colombia
Toronto, Ontario-
Continental Gold Limited ("Continental" or the "Company") (TSX:CNL) is pleased to announce results from the Company's ongoing underground sampling of parts of the Yaragua Vein System at its Buriticá project in Antioquia, Colombia. These results complement the drilling program at Buriticá in which 50,000 metres of underground and surface diamond drilling have been completed to date and an additional 60,000 metres are scheduled in 2011.
Highlights
Underground (drift) sampling on the San Antonio subzone/vein set has yielded the following average grades across average widths along substantial strike lengths at the given elevations
52.9 g/t Au, 65 g/t Ag, 2.0% Zn across 1.77m , along 52m: RL 1555m
99.3 g/t Au, 306 g/t Ag, 2.3% Zn across 1.56m, along 43m: RL 1540m
134.0 g/t Au, 147 g/t Ag, 2.4% Zn across 1.26m, along 40m: RL 1515m
203.1 g/t Au across 1.39m along 31m: RL 1495
75.0 g/t Au, 405 g/t Ag, 0.5% Zn across 1.45m, along 62m: RL 1440m
Sampling on San Antonio in raises above drifts has also demonstrated strong grade continuity between levels, for example
49.0 g/t Au, 90 g/t Ag, 1.9% Zn across 1.23m along 24m (vertical) above RL 1515m
35.1 g/t Au, 41 g/t Ag, 0.7% Zn across 1.17m along 15m (vertical) above RL 1495
In addition to high grade gold, several segments of the San Antonio vein set exhibit high grade silver, up 411.43 g/t over substantial intervals
The underground sampling has demonstrated continuous high gold grades along up to 500 metres of strike length and vertical extents of up to 115 metres of the San Antonio vein set
The results have generated confidence in the interpolation of drilling results for resource estimation and that substantial parts of the Yaragua System contain high-value precious metal mineralization potentially mineable over metre-plus widths.
Please click the following link to view the full news release: http://continentalgold.com/_resources/news/nr_2011_03_03.pdf
About Continental Gold Limited Continental Gold Limited is an advanced-stage exploration company with eight gold projects covering approximately 166,207 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, Buriticá and the highly prospective Berlin gold project. Additional details on the Buriticá project and the rest of Continental Gold's suite of gold exploration properties is available at www.ContinentalGold.com.
Canadian provinces occupied three of the top four rankings for mining exploration and investment in the latest version of the Fraser Institute's Survey of Mining Companies 2010/2011.
ontinental Gold: Continuous high-grade gold in systematic sampling at the Buriticá Project, Colombia Thursday , 03 Mar 2011 Continental Gold: Continuous high-grade gold in systematic sampling at the Buriticá Project, Colombia
Toronto, Ontario-
Continental Gold Limited ("Continental" or the "Company") (TSX:CNL) is pleased to announce results from the Company's ongoing underground sampling of parts of the Yaragua Vein System at its Buriticá project in Antioquia, Colombia. These results complement the drilling program at Buriticá in which 50,000 metres of underground and surface diamond drilling have been completed to date and an additional 60,000 metres are scheduled in 2011.
Highlights
Underground (drift) sampling on the San Antonio subzone/vein set has yielded the following average grades across average widths along substantial strike lengths at the given elevations
52.9 g/t Au, 65 g/t Ag, 2.0% Zn across 1.77m , along 52m: RL 1555m
99.3 g/t Au, 306 g/t Ag, 2.3% Zn across 1.56m, along 43m: RL 1540m
134.0 g/t Au, 147 g/t Ag, 2.4% Zn across 1.26m, along 40m: RL 1515m
203.1 g/t Au across 1.39m along 31m: RL 1495
75.0 g/t Au, 405 g/t Ag, 0.5% Zn across 1.45m, along 62m: RL 1440m
Sampling on San Antonio in raises above drifts has also demonstrated strong grade continuity between levels, for example
49.0 g/t Au, 90 g/t Ag, 1.9% Zn across 1.23m along 24m (vertical) above RL 1515m
35.1 g/t Au, 41 g/t Ag, 0.7% Zn across 1.17m along 15m (vertical) above RL 1495
In addition to high grade gold, several segments of the San Antonio vein set exhibit high grade silver, up 411.43 g/t over substantial intervals
The underground sampling has demonstrated continuous high gold grades along up to 500 metres of strike length and vertical extents of up to 115 metres of the San Antonio vein set
The results have generated confidence in the interpolation of drilling results for resource estimation and that substantial parts of the Yaragua System contain high-value precious metal mineralization potentially mineable over metre-plus widths.
Please click the following link to view the full news release: http://continentalgold.com/_resources/news/nr_2011_03_03.pdf
About Continental Gold Limited Continental Gold Limited is an advanced-stage exploration company with eight gold projects covering approximately 166,207 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, Buriticá and the highly prospective Berlin gold project. Additional details on the Buriticá project and the rest of Continental Gold's suite of gold exploration properties is available at www.ContinentalGold.com
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