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Comments on Continental Gold Ltd. in The Gold Report
January 31, 2011
Dear Shareholders and Friends,
In a recent interview with Streetwise Reports, Marshall Auerback, corporate spokesperson for Toronto-based Pinetree Capital, commented on Continental Gold Ltd. Marshall is a so-called "hedge fund" strategist. He believes that deficit spending is not bound by anything other than inflation, which, he says, is of limited consequence right now. Marshall believes the U.S. government's main goal should be to reduce unemployment, and he predicts the gold price is likely to remain range-bound between $1,100 and $1,400 an ounce in 2011. However, his long-term outlook for precious metals remains rosy given that "casino capitalism" is setting the stage for a new bubble. In this exclusive interview with The Gold Report, Marshall reveals some of Pinetree Capital's precious metals holdings and explains why he fears for the global economy.
As Pinetree Capital's corporate spokesperson, Marshall Auerback is a member of Pinetree's board of directors and has some 28 years of global experience in financial markets worldwide. He plays a key role in the formulation and articulation of Pinetree's investment strategy. Currently, Mr. Auerback is a senior fellow at the Roosevelt Institute, a research associate for the Levy Institute and a fellow for the Economists for Peace and Security. Mr. Auerback graduated magna cum laude from Queen's University in 1981 and received a law degree from Corpus Christi College at Oxford University in 1983.
We thought you'd be interested in reading Marshall Auerback 's comments on Continental Gold Ltd. Scroll Down to see these comments.
Regards,
Ari Sussman
President and Chief Executive Officer
Marshall Auerback's Comments:
"Continental Gold is an advanced-stage gold exploration company with an aggressive development timeline for its flagship Buritica project in Colombia. They have an extensive portfolio of gold projects, more than 200,000 hectares of highly prospective ground in areas of historical gold production. The company's priorities include advanced exploration and definition drilling programs at its high-grade Buriticá gold project and phase-one drilling at the Berlin project, which produced over 413,000 oz. at 16g/t gold, historically." View Article
http://www.continentalgold.com/_resources/9-2_continental_gold.pdf
Publisher | Article | Date of Coverage | Link to File | |
|---|---|---|---|---|
Resource World | Continental Gold Defining High-Grade Gold Resource In Columbia | February 2011 |
http://www.continentalgold.com/investors/presentations/
Februar 2011!!!
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.
http://www.stockwatch.com/Quote/Detail.aspx?symbol=CNL®ion=C
Schnell einsteigen! :-)))
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
Gestern könnte der wendepunkt erreicht worden sein, wir werden es sehen.
We' ll see it.