Mr. Ari Sussman reports
CONTINENTAL GOLD STEP-OUT DRILLING HITS 2.2 METRES @ 2,615 G/T GOLD AND 388 G/T SILVER AT VETA SUR AND SIGNIFICANTLY EXTENDS THE LAUREL SYSTEM AT BURITICA, COLOMBIA
Continental Gold Ltd. has released results for 17 diamond drill holes in the Veta Sur, Laurel and Yaragua vein systems at the company's 100-per-cent-owned Buritica project in Antioquia, Colombia. Drilling continues throughout 2014 with the goal of upgrading inferred resources into the measured and indicated categories under National Instrument 43-101 guidelines, and delivering overall robust mineral resource growth.
Highlights:
- Drilling was successful in extending and infilling the central and
northeastern areas of the Veta Sur vein system through a broad range of
elevations. Northeast extensions of the Laurel vein system (south of
Veta Sur) were intersected in nine drill holes. Extensions to, and
infill of, the western Yaragua system were also achieved. Drilling
includes the company's first six directionally drilled holes, increasing
the productivity and reducing the costs of the mineral resource
delineation program at Buritica.
Veta Sur vein system:
- Through a 250-metre strike length of central and northeastern Veta Sur,
drill holes intersected multiple veins outside of the current Veta Sur
mineral resource envelope. Significant intercepts were made over a 1,200-metre vertical extent, mostly below this envelope, and include:
- 1.18 metres at 14.4 grams per tonne gold and 49 g/t silver (BUSY361D, elevation
of 1,255 metres);
- 2.5 metres at 18.9 g/t gold and 24 g/t silver (BUSY361D, elevation of
1,130 metres);
- 0.3 metre at 231 g/t gold and 81 g/t silver (BUSY362, elevation of
1,115 metres);
- 0.6 metre at 29.4 g/t gold and 16 g/t silver (BUSY364, elevation of
1,707 metres);
- 1.04 metres at 19.2 g/t gold and seven g/t silver (BUSY364, elevation of
1,536 metres);
- 0.5 metre at 331 g/t gold and 93 g/t silver (BUSY364, elevation of
1,525 metres);
- 1.1 metres at 9.4 g/t gold and 384 g/t silver (BUSY366D, elevation of
1,219 metres);
- 0.5 metre at 26.2 g/t gold and 28 g/t silver (BUSY367D01, elevation
of 1,045 metres);
- 2.4 metres at 16.1 g/t gold and 140 g/t silver (BUSY367D01, elevation
of 528 metres).
- The Veta Sur vein system remains open at depth below the deeper
intercepts noted above. Although some of these intercepts are among the
deepest yet encountered in Veta Sur, they lie in an elevation range
potentially developable from proposed underground infrastructure.
- In addition, step-out drilling intercepted high-grade gold and silver at
elevations above the current mineral resource estimate, and include:
- Four metres at 218.7 g/t gold and 25 g/t silver (BUSY363, elevation of
1,629 metres);
- 0.6 metre at 42.6 g/t gold and eight g/t silver (BUUY270, elevation of
1,582 metres);
- 2.2 metres at 2,615.4 g/t gold and 388 g/t silver (BUUY270, end of
hole, elevation of 1,617 metres).
- In central and northeastern Veta Sur, drilling through most of the vein
families commonly encountered vein grades times thicknesses through a broad
range of elevations that are significantly above those expected from the
current mineral resource block model. Related intercepts and veins
include:
- 1.45 metres at 69 g/t gold and 551 g/t silver (BUSY361D01, V31,
elevation of 917 metres);
- 4.3 metres at 11.5 g/t gold and 31 g/t silver, including 1.9 metres at 23.7 g/t gold and 64 g/t silver (BUSY361D02, V31, elevation of 794
metres);
- 5.1 metres at 7.9 g/t gold and 27 g/t silver, including 1.4 metres at 13.8 g/t gold and 58 g/t silver (BUSY361D03, V34, elevation of 871
metres);
- 0.55 metre at 1.1 g/t gold and 466 g/t silver (BUSY363, V110,
elevation of 1,618 metres);
- 2.35 metres at 6.5 g/t gold and 22 g/t silver, including 1.1 metres at 11.8 g/t gold and 34 g/t silver (BUSY363, V43, elevation of 1,553
metres);
- 2.4 metres at 12.8 g/t gold and 55 g/t silver, including one metre at 19.5 g/t gold and 120 g/t silver (BUSY364, V39, elevation of 1,193
metres);
- 0.5 metre at 26.7 g/t gold and 73 g/t silver (BUSY364, V31,
elevation of 1,161 metres);
- One metre at 19.3 g/t gold and 17 g/t silver (BUSY367D01, elevation
of 696 metres);
- 7.45 metres at 40 g/t gold and 170 g/t silver, including 2.85 metres
at 99.8 g/t gold and 406 g/t silver (BUUY208, V51, elevation of 1,677
metres);
- 0.55 metre at 21.9 g/t gold and eight g/t silver (BUUY208, V31,
elevation of 1,616 metres);
- 0.5 metre at 1.4 g/t gold and 1,280 g/t silver (BUUY208, V20,
elevation of 1,548 metres);
- 13.45 metres at eight g/t gold and 25 g/t silver, including 2.05 metres at 30.5 g/t gold and 100 g/t silver (BUUY249D02, V34, elevation of 728
metres);
- 0.87 metre at 56.5 g/t gold and 669 g/t silver (BUUY273, V43,
elevation of 1,567 metres);
- 8.2 metres at 5.1 g/t gold and 20 g/t silver, including 2.45 metres at 12.5 g/t gold and 54 g/t silver (BUUY273, V48, elevation of 1,572
metres);
- One metre at 1.7 g/t gold and 617 g/t silver (BUUY273, V51,
elevation of 1,576 metres);
- One metre at 15.7 g/t gold and 217 g/t silver (BUUY273, V70,
elevation of 1,622 metres);
- 0.5 metre at 1.5 g/t gold and 924 g/t silver (BUUY273, V75,
elevation of 1,628 metres).
Laurel vein system:
- The Laurel vein system is located directly to the south of Veta Sur and
has clear potential to share underground access in a future mining
scenario. Overall drilling to date in the system has demonstrated
potential vein dimensions of over 700 metres laterally by 1,000 metres
vertically, while remaining open along strike to the southeast and at
depth. Additionally, about 300 metres farther along strike to the
southwest from the limits of drilling, the company appears to have
recently sampled mineralized Laurel veins (assays pending) in the
Higabra Valley tunnel.
- Drilling of the Laurel vein system intersected multiple vein packages
over lateral extents of 270 metres and an elevation range of 660 metres. Higher-grade and broader intercepts include:
- 8.3 metres at 6.1 g/t gold and 23 g/t silver, including 1.2 metres at 24 g/t gold and 36 g/t silver (BUSY361D01, elevation of 1,306
metres);
- 26.3 metres at three g/t gold and 37 g/t silver (BUSY361D02, elevation of
1,320 metres);
- 1.6 metres at 7.7 g/t gold and 11 g/t silver (BUSY361D03, elevation
of 1,357 metres);
- 0.7 metre at 19.7 g/t gold and 29 g/t silver (BUSY361D03, elevation
of 1,335 metres);
- 2.15 metres at 26.3 g/t gold and 121 g/t silver, including 1.1 metres
at 50.5 g/t gold and 232 g/t silver (BUSY367D01, elevation of 1,216
metres);
- One metre at 12.5 g/t gold and 17 g/t silver (BUUY228D, elevation of
1,696 metres);
- 0.5 metre at 19.4 g/t gold and 71 g/t silver (BUUY228D, elevation of
1,677 metres);
- 1.9 metres at 11.3 g/t gold and 65 g/t silver (BUUY249D, elevation of
1,295 metres);
- 0.68 metre at 21.3 g/t gold and 49 g/t silver (BUUY249D, elevation
of 1,288 metres).
Yaragua vein system:
- Drill holes that passed through western Yaragua resulted in depth
extensions to, and infill of, the vein system in this area. Significant
intercepts, under the current Yaragua mineral resource envelope,
include:
- 0.67 metre at 21.4 g/t gold and 38 g/t silver (BUUY249D01, elevation
of 701 metres);
- 2.07 metres at 7.6 g/t gold and 24 g/t silver, including 0.5 metre at 27.6 g/t gold and 48 g/t silver (BUUY249D01, elevation of 694
metres).
-
Vein grades times thicknesses significantly above those expected from the
Yaragua mineral resource block model were encountered through a broad
elevation range. Related intercepts and veins include:
- 0.41 metre at 95.1 g/t gold and 103 g/t silver (BUSY361D02, MU10,
elevation of 709 metres);
- 0.75 metre at 11.3 g/t gold and five g/t silver (BUSY363, MU2,
elevation of 1,394 metres);
- Seven metres at four g/t gold and six g/t silver, including 1.1 metres at 11.4 g/t gold and six g/t silver (BUSY363, HWV, elevation of 1,250
metres).
"The Laurel vein system, consisting of at least seven veins, is proving to be a more serious target than originally interpreted," commented Ari Sussman, chief executive officer of Continental. "Given it is located close to the proposed future mining infrastructure in the Higabra Valley, we are formulating plans for more advanced exploration on the target, including an expanded drilling program and underground drifting along the system from the Higabra Valley tunnel in order to complete an initial mineral resource estimate for Laurel in 2015."
Details
Continental's 100-per-cent-owned, 59,095-hectare project, Buritica, contains several known areas of high-grade gold and silver mineralization, of base metal carbonate-style variably overprinted by texturally and chemically distinctive high-grade mineralization. The two most extensively explored of these areas (the Yaragua and Veta Sur systems) are central to this land package. The Yaragua system has been drill outlined along 1,100 metres of strike and 1,300 vertical metres and partially sampled in underground developments. The Veta Sur system has been drill outlined along 1,040 metres of strike and 1,400 vertical metres. Both systems are characterized by multiple, steeply dipping veins and broader, more disseminated mineralization and both remain open at depth and along strike, at high grades. This release documents the results of infill and extension drilling (completed after the Dec. 31, 2013, closure of the database for the Buritica 2014 mineral resource estimate) through central and northeastern Veta Sur, the northeastern Laurel vein system to the south of Veta Sur and western Yaragua to the north.
DRILLING HIGHLIGHTS
Inter- Inter-
From To val Au Ag Zn cept
Hole ID (m) (m) (i) (g/t) (g/t) (%) RL (m)
BUSY361D 336.50 337.00 0.50 0.38 335.0 0.84 1,480
354.00 354.60 0.60 0.12 66.3 0.64 1,463
366.70 367.20 0.50 0.04 76.3 0.03 1,451
373.80 374.30 0.50 5.21 7.3 1.52 1,444
402.00 402.50 0.50 4.65 14.7 0.35 1,417
463.70 464.20 0.50 2.18 53.0 0.06 1,359
480.00 481.90 1.90 5.57 40.1 0.08 1,342
485.30 487.25 1.95 1.37 67.2 0.11 1,337
495.60 503.60 8.00 1.68 11.1 0.01 1,323
517.15 518.30 1.15 2.52 209.2 0.70 1,308
525.20 527.70 2.50 1.45 7.2 0.01 1,300
570.00 574.90 4.90 4.76 18.4 0.10 1,255
incl 571.00 572.18 1.18 14.39 48.5 0.31
578.00 578.50 0.50 17.60 252.0 0.09 1,252
707.50 710.00 2.50 18.86 23.7 0.48 1,130
incl 707.50 708.60 1.10 40.75 51.7 1.06
BUSY361D01 60.75 62.70 1.95 2.54 5.8 0.14 1,368
71.13 71.65 0.52 2.78 4.8 0.34 1,360
77.35 80.50 3.15 3.12 30.8 0.40 1,352
90.15 92.70 2.55 1.36 10.3 0.06 1,341
96.00 97.80 1.80 1.87 13.3 0.05 1,336
108.00 114.00 6.00 2.38 20.2 0.04 1,322
122.90 131.20 8.30 6.09 22.7 0.07 1,306
incl 130.00 131.20 1.20 23.95 35.6 0.03
136.40 149.80 13.40 1.48 6.8 0.01 1,290
161.85 165.30 3.45 2.89 19.9 0.07 1,276
198.50 199.00 0.50 4.98 12.0 0.39 1,245
270.20 271.20 1.00 7.82 1.8 0.45 1,181
281.45 283.30 1.85 2.93 9.7 0.03 1,170
289.35 290.60 1.25 2.10 8.7 0.06 1,164
309.95 310.45 0.50 2.13 4.5 0.08 1,146
400.00 401.30 1.30 2.70 0.8 0.01 1,066
577.05 578.50 1.45 69.04 551.3 0.37 917
580.00 581.50 1.50 3.93 4.4 0.01 915
601.90 603.00 1.10 1.36 2.9 0.01 897
631.00 632.80 1.80 1.01 1.4 0.01 873
BUSY361D02 24.20 24.75 0.55 0.99 262.0 1.59 1,416
64.65 65.80 1.15 1.19 2.7 0.27 1,378
85.95 86.45 0.50 3.41 52.5 0.60 1,358
91.35 91.95 0.60 3.19 22.4 0.03 1,353
92.45 98.15 5.70 2.06 31.5 0.09 1,348
101.65 127.95 26.30 2.97 36.5 0.04 1,320
131.48 132.05 0.57 3.51 8.5 0.05 1,316
142.65 143.15 0.50 8.47 77.3 0.44 1,306
151.85 152.75 0.90 5.99 3.7 0.03 1,298
158.80 159.75 0.95 3.85 7.1 0.27 1,291
180.45 181.65 1.20 6.01 54.1 0.05 1,271
208.55 209.05 0.50 4.45 11.5 0.05 1,246
234.15 234.65 0.50 5.59 157.0 0.28 1,222
255.95 257.15 1.20 3.33 1.2 0.02 1,202
315.60 316.75 1.15 3.75 23.7 0.20 1,147
331.15 333.85 2.70 4.57 11.6 0.05 1,132
incl 331.65 332.65 1.00 10.31 24.7 0.06
661.80 663.53 1.73 3.66 10.9 0.01 830
673.65 675.55 1.90 2.32 4.6 0.08 819
698.75 703.05 4.30 11.52 31.4 0.07 794
incl 701.15 703.05 1.90 23.69 63.7 0.13
746.95 748.70 1.75 3.34 5.9 0.02 753
796.86 797.27 0.41 95.10 103.0 0.98 709
BUSY361D03 30.00 30.50 0.50 2.63 2.7 1.78 1,413
81.00 82.00 1.00 1.20 15.5 0.06 1,366
89.75 91.35 1.60 7.69 10.5 0.47 1,357
101.70 102.70 1.00 3.92 8.9 0.05 1,347
105.50 106.50 1.00 1.80 93.9 0.63 1,343
107.15 107.65 0.50 7.72 25.8 0.07 1,342
115.10 115.80 0.70 19.65 29.3 0.05 1,335
120.60 121.10 0.50 5.58 27.5 0.58 1,330
122.33 124.00 1.67 3.14 12.7 0.13 1,327
142.00 143.00 1.00 5.12 5.9 0.02 1,310
150.30 151.50 1.20 1.28 10.8 0.01 1,302
154.50 155.00 0.50 5.43 34.8 0.02 1,299
176.10 176.70 0.60 3.18 10.1 0.70 1,279
181.40 182.00 0.60 3.56 3.5 0.02 1,274
184.40 185.70 1.30 1.37 63.0 0.12 1,271
190.10 190.60 0.50 2.26 69.8 0.04 1,266
222.90 223.60 0.70 1.13 2.4 0.04 1,236
233.90 234.95 1.05 0.49 120.9 0.11 1,226
251.00 251.70 0.70 5.21 2.6 0.03 1,210
280.70 295.80 15.10 1.55 12.4 0.03 1,171
302.10 303.70 1.60 2.34 5.7 0.05 1,163
306.80 307.50 0.70 6.16 29.6 0.03 1,160
309.80 310.90 1.10 1.69 7.1 0.04 1,157
313.80 314.30 0.50 3.26 7.7 0.03 1,153
318.10 319.00 0.90 1.74 5.8 0.03 1,149
332.35 338.30 5.95 1.96 11.0 0.05 1,132
341.00 342.00 1.00 1.65 5.4 0.01 1,129
395.00 395.85 0.85 1.30 3.2 0.01 1,080
506.00 507.10 1.10 1.69 0.5 0.01 982
556.10 557.20 1.10 1.93 2.7 0.01 938
589.80 590.70 0.90 0.91 7.1 0.01 908
627.60 632.70 5.10 7.91 26.8 0.01 871
incl 627.60 629.00 1.40 13.81 58.3 0.02
643.00 644.00 1.00 1.73 10.0 0.01 861
649.90 651.30 1.40 5.94 15.0 0.01 855
673.00 676.00 3.00 1.28 6.0 0.06 833
699.00 699.50 0.50 2.97 5.8 0.02 812
BUSY362 262.00 262.80 0.80 2.69 0.8 0.05 1,522
348.80 350.80 2.00 2.90 8.7 0.04 1,437
368.20 369.20 1.00 1.96 206.1 0.03 1,419
684.05 684.35 0.30 231.00 80.6 0.08 1,115
781.39 782.65 1.26 1.86 2.2 0.02 1,020
817.91 818.92 1.01 1.02 2.9 0.01 985
853.05 854.00 0.95 1.44 0.8 0.01 951
BUSY363 6.00 7.00 1.00 1.92 6.8 0.01 1,705
33.70 34.35 0.65 1.28 2.9 0.39 1,682
53.90 54.40 0.50 1.47 24.8 0.09 1,666
95.70 99.70 4.00 218.67 25.1 0.07 1,629
incl 97.40 99.70 2.30 377.27 34.2 0.07
112.85 113.40 0.55 1.13 466.0 0.24 1,618
119.20 120.30 1.10 0.46 53.1 0.04 1,612
154.90 155.50 0.60 1.88 13.2 0.08 1,583
190.15 192.50 2.35 6.48 21.7 0.09 1,553
incl 191.40 192.50 1.10 11.80 33.6 0.12
193.75 195.00 1.25 4.22 30.7 0.06 1,551
212.30 213.10 0.80 1.27 1.7 0.19 1,536
224.90 225.50 0.60 0.99 41.8 0.48 1,526
351.60 352.90 1.30 1.81 3.0 0.06 1,424
390.25 391.00 0.75 11.30 4.7 0.11 1,394
498.74 499.25 0.51 1.32 16.7 0.03 1,309
568.00 575.00 7.00 3.95 5.5 0.11 1,250
incl 568.00 569.10 1.10 11.40 6.0 0.02
601.10 602.10 1.00 0.13 97.4 0.15 1,228
627.45 628.00 0.55 0.98 4.1 0.21 1,208
667.70 668.20 0.50 1.94 9.6 0.01 1,177
681.50 682.00 0.50 1.98 13.0 0.01 1,166
686.67 687.20 0.53 2.24 21.6 0.02 1,162
BUSY364 470.35 470.88 0.53 2.25 12.7 0.44 1,719
479.35 479.95 0.60 29.40 15.8 0.86 1,707
484.05 484.85 0.80 2.64 5.1 0.32 1,700
499.62 500.13 0.51 2.70 8.4 0.10 1,676
547.30 548.00 0.70 3.09 6.0 0.10 1,610
592.50 593.00 0.50 2.61 6.1 0.04 1,561
601.10 605.60 4.50 2.22 6.5 0.06 1,541
610.36 611.40 1.04 19.15 6.9 0.03 1,536
614.00 615.35 1.35 3.24 4.2 0.20 1,533
616.50 617.00 0.50 5.47 7.9 0.02 1,529
619.70 620.20 0.50 331.00 93.0 0.40 1,525
636.50 637.20 0.70 1.83 6.4 0.02 1,503
715.00 716.50 1.50 4.85 9.5 0.02 1,337
733.50 734.65 1.15 12.78 30.4 0.47 1,323
833.20 833.70 0.50 0.74 70.9 0.04 1,251
909.00 911.40 2.40 12.75 54.5 0.05 1,193
incl 909.00 910.00 1.00 19.50 119.5 0.11
942.80 943.50 0.70 2.80 8.8 0.01 1,169
955.00 955.50 0.50 26.70 73.4 0.24 1,161
BUSY366D 504.75 506.05 1.30 2.75 7.1 0.01 1,273
531.60 532.10 0.50 2.52 8.1 0.03 1,247
559.50 560.60 1.10 9.38 383.9 0.47 1,219
612.45 612.95 0.50 3.36 8.6 0.05 1,166
627.00 627.50 0.50 2.11 2.6 0.40 1,152
716.70 717.50 0.80 1.10 1.6 0.04 1,063
813.13 813.65 0.52 11.45 8.1 0.03 967
852.13 852.77 0.64 3.62 4.3 0.01 928
988.60 989.75 1.15 2.02 6.2 0.02 793
1,166.50 1,167.00 0.50 1.43 2.3 0.01 617
BUSY367D 186.00 186.50 0.50 0.16 54.6 0.02 1,589
213.40 214.10 0.70 2.60 1.9 0.11 1,562
BUSY367D01 37.00 37.70 0.70 6.77 8.3 0.17 1,260
43.50 44.70 1.20 1.16 2.7 0.19 1,254
83.35 85.50 2.15 26.28 121.1 0.10 1,216
incl 83.35 84.45 1.10 50.53 231.9 0.19
146.50 147.30 0.80 1.10 9.5 0.07 1,158
219.00 219.60 0.60 2.32 7.1 0.04 1,091
268.80 269.30 0.50 26.20 27.6 0.04 1,045
290.70 291.30 0.60 3.58 16.3 0.15 1,024
300.15 300.65 0.50 1.57 9.8 0.05 1,016
399.60 400.10 0.50 2.16 6.9 0.01 924
406.70 407.30 0.60 1.06 1.6 0.02 918
426.60 427.85 1.25 1.44 3.0 0.01 899
453.10 454.30 1.20 2.67 4.8 0.00 875
608.20 609.40 1.20 7.12 11.2 0.01 734
614.80 615.30 0.50 7.70 29.6 0.03 728
640.00 641.00 1.00 1.63 6.5 0.01 705
650.40 651.40 1.00 19.25 16.5 0.02 696
666.20 667.95 1.75 2.54 5.9 0.01 681
763.80 765.40 1.60 3.95 5.4 0.01 594
839.00 841.40 2.40 16.09 140.1 0.12 528
incl 839.00 840.20 1.20 27.85 274.7 0.19
BUUY208 15.00 15.60 0.60 10.60 87.1 0.71 1,697
24.90 27.65 2.75 1.71 9.2 0.10 1,688
35.05 42.50 7.45 40.04 170.0 0.85 1,677
incl 38.40 41.25 2.85 99.75 406.4 1.58
48.35 49.00 0.65 4.04 50.4 0.07 1,671
57.00 58.35 1.35 1.42 8.2 0.19 1,664
79.55 80.40 0.85 4.11 227.4 0.62 1,647
90.00 90.50 0.50 2.96 15.6 0.53 1,639
104.90 106.60 1.70 3.29 13.6 0.06 1,627
107.60 109.10 1.50 6.92 18.4 0.20 1,625
120.70 121.25 0.55 21.90 8.1 0.02 1,616
138.85 139.40 0.55 0.33 76.7 0.13 1,602
177.40 178.00 0.60 0.27 100.0 0.12 1,572
200.40 200.90 0.50 0.69 18.1 4.82 1,554
208.70 209.20 0.50 1.36 1,280.0 1.04 1,548
247.00 248.40 1.40 0.55 168.8 0.49 1,519
BUUY228D 2.00 3.00 1.00 12.48 16.6 2.74 1,696
25.00 25.50 0.50 19.40 70.6 2.98 1,677
55.00 55.50 0.50 6.19 335.0 0.22 1,651
185.60 186.10 0.50 0.29 65.8 0.61 1,538
196.20 197.50 1.30 0.94 16.3 4.31 1,529
216.00 217.70 1.70 1.94 10.7 0.33 1,511
225.00 226.00 1.00 1.07 1.5 0.01 1,504
253.05 253.80 0.75 0.04 158.0 0.04 1,480
294.80 296.20 1.40 0.86 51.1 0.39 1,443
299.07 299.60 0.53 1.36 103.0 0.17 1,440
300.60 301.80 1.20 3.50 4.4 0.08 1,438
342.10 342.80 0.70 1.05 2.5 0.08 1,402
355.60 356.80 1.20 1.78 5.9 0.02 1,390
390.20 391.40 1.20 1.63 89.2 0.24 1,360
395.35 396.50 1.15 1.98 5.4 0.01 1,355
419.60 420.15 0.55 1.81 8.1 0.01 1,334
BUUY249D 38.70 39.30 0.60 1.93 8.7 2.12 1,660
115.55 116.10 0.55 0.61 73.0 2.06 1,585
133.85 134.40 0.55 1.29 80.5 0.99 1,567
148.30 150.10 1.80 0.76 82.6 2.61 1,551
200.15 201.30 1.15 0.04 59.5 0.03 1,501
254.55 255.30 0.75 3.59 12.8 0.14 1,447
290.30 293.70 3.40 1.58 2.6 0.02 1,410
348.90 350.20 1.30 2.58 2.6 0.09 1,354
355.40 355.90 0.50 3.38 42.6 1.36 1,348
361.00 364.00 3.00 1.26 16.4 0.71 1,340
391.15 391.70 0.55 1.60 18.3 0.15 1,312
407.70 409.60 1.90 11.29 64.8 1.66 1,295
416.17 416.85 0.68 21.30 48.6 0.38 1,288
419.55 420.10 0.55 3.09 17.5 1.54 1,284
437.55 438.45 0.90 1.73 11.3 0.79 1,266
456.80 458.00 1.20 2.45 19.3 0.42 1,247
518.50 519.00 0.50 0.60 302.0 0.53 1,186
BUUY249D01 50.80 52.00 1.20 1.18 0.2 0.01 1,085
82.80 83.35 0.55 3.65 30.7 0.04 1,056
164.75 165.50 0.75 2.13 0.9 0.01 984
453.05 454.30 1.25 3.14 12.4 0.01 740
474.25 474.75 0.50 3.87 4.5 0.01 723
489.35 489.90 0.55 1.14 7.6 0.01 710
500.25 500.92 0.67 21.40 38.2 0.02 701
507.93 510.00 2.07 7.60 24.3 0.06 694
incl 508.45 508.95 0.50 27.60 48.2 0.02
523.05 523.60 0.55 3.44 23.2 0.01 683
555.85 556.40 0.55 1.72 2.1 0.01 656
BUUY249D02 83.70 84.60 0.90 2.33 3.2 0.04 1,046
102.50 103.60 1.10 1.15 0.2 0.01 1,029
140.80 141.30 0.50 5.03 14.0 0.52 998
400.00 400.60 0.60 6.63 12.6 0.28 783
403.75 404.30 0.55 3.22 1.3 0.01 780
441.50 442.70 1.20 1.49 1.2 0.03 749
456.35 469.80 13.45 7.96 25.3 0.05 728
incl 456.35 458.40 2.05 30.46 100.0 0.04
476.85 477.40 0.55 7.65 3.5 0.01 721
494.00 494.50 0.50 5.18 11.8 0.10 708
497.37 498.50 1.13 2.65 1.3 0.00 705
516.25 518.60 2.35 1.70 7.5 0.02 690
BUUY270 16.25 16.90 0.65 1.34 6.3 0.13 1,519
51.90 52.40 0.50 3.93 4.1 0.02 1,537
110.30 111.15 0.85 4.17 5.3 0.35 1,565
126.00 126.50 0.50 1.88 536.0 1.05 1,572
144.50 145.00 0.50 1.12 21.5 0.50 1,581
147.55 148.15 0.60 42.60 8.4 0.69 1,582
168.00 169.00 1.00 0.79 27.5 0.19 1,592
210.00 211.50 1.50 8.54 6.8 0.03 1,611
223.30 225.50 2.20 2,615.41 388.2 2.20 1,617
incl 223.80 225.00 1.20 4,730.00 701.0 3.96
and 225.00 225.50 0.50 154.00 16.8 0.08
BUUY273 22.85 23.85 1.00 1.10 15.4 0.10 1,522
82.10 82.60 0.50 0.20 217.0 0.82 1,551
91.60 94.60 3.00 1.62 69.8 0.68 1,557
114.00 114.87 0.87 56.50 669.0 0.74 1,567
117.80 126.00 8.20 5.12 19.8 0.60 1,572
incl 121.60 124.05 2.45 12.51 54.4 1.08
131.00 132.00 1.00 1.67 616.5 2.54 1,576
142.00 142.60 0.60 1.51 21.9 3.66 1,581
191.50 192.00 0.50 0.21 718.0 0.14 1,605
213.00 213.60 0.60 0.41 122.0 0.32 1,616
223.50 226.50 3.00 5.47 101.6 0.80 1,622
incl 223.50 224.50 1.00 15.70 216.5 2.22
230.75 231.80 1.05 3.27 113.6 0.24 1,625
237.10 237.70 0.60 6.87 84.6 1.24 1,627
239.00 239.50 0.50 1.52 924.0 0.87 1,628
240.40 240.90 0.50 5.45 138.0 0.49 1,629
255.00 255.60 0.60 4.72 10.3 0.08 1,636
303.00 303.50 0.50 4.74 3.2 0.56 1,659
311.00 311.50 0.50 3.41 62.0 3.23 1,663
320.10 322.80 2.70 3.33 16.1 0.22 1,668
(i)Intercepts calculated at cut-off grades of one gram per tonne gold
plus 50 g/t silver for minimum intervals of 0.5 metre, with
up to 30-per-cent internal dilution. True widths not accurately known but
generally are between 30 per cent of the downhole interval and near true
width (for example, BUUY208). Drill holes designated BUUY were collared
from underground, and drill holes designated BUSY were collared at
surface. Holes directionally drilled from mother holes (BUzYDxxx) are
designated BUzYxxxDyy.
Three fans of holes were drilled from the south of Veta Sur, from surface and also from the Veta Sur ramp. These fans involved mother holes (designated BUzYDxxx) and six holes (designated BUzYxxxDyy) deviated and directionally drilled from collars at depth in the mother holes. Additional holes were drilled from southern (BUSY364) and northeastern Veta Sur platforms (BUSY363), from underground in Veta Sur (BUUY208) and also from underground (toward the southwest) in Yaragua (BUUY270, BUUY273). Drill holes from the south of Veta Sur targeted potential extensions of the Laurel vein system, deep extensions and infill of the Veta Sur system and also the southwestern Yaragua system. Directional drilling was vital in attaining infill and extension targets particularly at lower elevations, both increasing productivity and reducing costs of the mineral resource delineation program.
To the south of Veta Sur, drilling intersected multiple vein packages over lateral extents of 270 metres and an elevation range of 660 metres. These vein packages are interpreted to be northeastern extensions of the northeast-trending Laurel vein system. Higher-grade and broader intercepts include:
- 8.3 metres at 6.1 g/t gold and 23 g/t silver, including 1.2 metres at 24.0
g/t gold and 36 g/t silver (BUSY361D01, elevation of 1,306 metres);
- 26.3 metres at three g/t gold and 37 g/t silver (BUSY361D02, elevation of
1,320 metres);
- 1.6 metres at 7.7 g/t gold and 11 g/t silver (BUSY361D03, elevation of
1,357 metres);
- 0.7 metre at 19.7 g/t gold and 29 g/t silver (BUSY361D03, elevation of
1,335 metres);
- 2.15 metres at 26.3 g/t gold and 121 g/t silver, including 1.1 metres at 50.5 g/t gold and 232 g/t silver (BUSY367D01, elevation of 1,216
metres);
- One metre at 12.5 g/t gold and 17 g/t silver (BUUY228D, elevation of
1,696 metres);
- 0.5 metre at 19.4 g/t gold and 71 g/t silver (BUUY228D, elevation of
1,677 metres);
- 1.9 metres at 11.3 g/t gold and 65 g/t silver (BUUY249D, elevation of
1,295 metres);
- 0.68 metre at 21.3 g/t gold and 49 g/t silver (BUUY249D, elevation of
1,288 metres).
The Laurel vein system remains open at depth and to the northeast of the current drilling. The system is sparsely drill constrained for more than 700 metres to the southwest, for a strike length in excess of one kilometre and an elevation range of more than 1,000 metres. Contiguous with Veta Sur, the Laurel system, not included in current mineral resource estimates, could potentially share proposed Veta Sur development infrastructure.
Farther north, through a 250-plus-metre strike length of central and northeastern Veta Sur, drill holes intersected multiple veins outside of the current Veta Sur mineral resource envelope. Significant intercepts were made over a vertical extent of almost 1,200 metres, mostly below this envelope and include:
- 1.18 metres at 14.4 g/t gold and 49 g/t silver (BUSY361D, elevation of
1,255 metres);
- 0.5 metre at 17.6 g/t gold and 252 g/t silver (BUSY361D, elevation of
1,252 metres);
- 2.5 metres at 18.9 g/t gold and 24 g/t silver, including 1.1 metres at 40.8 g/t gold and 52 g/t silver (BUSY361D, elevation of 1,130 metres);
- 0.3 metre at 231 g/t gold and 81 g/t silver (BUSY362, elevation of 1,115
metres, adjacent core not recovered);
- 0.6 metre at 29.4 g/t gold and 16 g/t silver (BUSY364, elevation of
1,707 metres);
- 1.04 metres at 19.2 g/t gold and seven g/t silver (BUSY364, elevation of
1,536 metres);
- 0.5 metre at 331 g/t gold and 93 g/t silver (BUSY364, elevation of 1,525
metres);
- 1.15 metres at 12.8 g/t gold and 30 g/t silver (BUSY364, elevation of
1,323 metres);
- 1.1 metres at 9.4 g/t gold and 384 g/t silver (BUSY366D, elevation of
1,219 metres);
- 0.5 metre at 26.2 g/t gold and 28 g/t silver (BUSY367D01, elevation of
1,045 metres);
- 2.4 metres at 16.1 g/t gold and 140 g/t silver, including 1.2 metres at 27.9 g/t gold and 275 g/t silver (BUSY367D01, elevation of 528 metres).
Intercepts above the current mineral resource envelope include:
- Four metres at 218.7 g/t gold and 25 g/t silver, including 2.3 metres at 377.3 g/t gold and 34 g/t silver (BUSY363, elevation of 1,629 metres);
- 0.6 metre at 42.6 g/t gold and eight g/t silver (BUUY270, elevation of 1,582
metres);
- 2.2 metres at 2,615.4 g/t gold and 388 g/t silver (BUUY270, elevation of
1,617 metres).
The Veta Sur vein system remains open to depth below all of the Veta Sur intercepts noted above. Although some of these intercepts are among the deepest yet encountered in Veta Sur, these and the shallow extensions also highlighted are all situated within an elevation range potentially developable from proposed underground infrastructure.
In central and northeastern Veta Sur, drilling through a broad range of elevations generally encountered vein grades times thicknesses comparable with those expected from the current mineral resource block model, for most of the vein families. Intercepts and related veins with substantially greater grade times thicknesses include:
- 1.45 metres at 69.0 g/t gold and 551 g/t silver (BUSY361D01, V31,
elevation of 917 metres);
- 4.3 metres at 11.5 g/t gold and 31 g/t silver, including 1.9 metres at 23.7 g/t gold and 64 g/t silver (BUSY361D02, V31, elevation of 794
metres);
- 5.1 metres at 7.9 g/t gold and 27 g/t silver, including 1.4 metres at 13.8
g/t gold and 58 g/t silver (BUSY361D03, V34, elevation of 871 metres);
- 0.55 metre at 1.1 g/t gold and 466 g/t silver (BUSY363, V110, elevation
of 1,618 metres);
- 2.35 metres at 6.5 g/t gold and 22 g/t silver, including 1.1 metres at 11.8 g/t gold and 34 g/t silver (BUSY363, V43, elevation of 1,553
metres);
- 2.4 metres at 12.8 g/t gold and 55 g/t silver, including one metre at 19.5 g/t gold and 120 g/t silver (BUSY364, V39, elevation of 1,193
metres);
- 0.5 metre at 26.7 g/t gold and 73 g/t silver (BUSY364, V31, elevation of
1,161 metres);
- One metre at 19.3 g/t gold and 17 g/t silver (BUSY367D01, elevation of
696 metres);
- 7.45 metres at 40.0 g/t gold and 170 g/t silver, including 2.85 metres at 99.8 g/t gold and 406 g/t silver (BUUY208, V51, elevation of 1,677
metres);
- 0.55 metre at 21.9 g/t gold and eight g/t silver (BUUY208, V31, elevation of
1,616 metres);
- 0.5 metre at 1.4 g/t gold and 1,280 g/t silver (BUUY208, V20, elevation
of 1,548 metres);
- 13.45 metres at eight g/t gold and 25 g/t silver, including 2.05 metres at 30.5 g/t gold and 100 g/t silver (BUUY249D02, V34, elevation of 728
metres);
- 0.87 metre at 56.5 g/t gold and 669 g/t silver (BUUY273, V43, elevation
of 1,567 metres);
- 8.2 metres at 5.1 g/t gold and 20 g/t silver, including 2.45 metres at 12.5 g/t gold and 54 g/t silver (BUUY273, V48, elevation of 1,572
metres);
- One metre at 1.7 g/t gold and 617 g/t silver (BUUY273, V51, elevation of
1,576 metres);
- One metre at 15.7 g/t gold and 217 g/t silver (BUUY273, V70, elevation
of 1,622 metres);
- 0.5 metre at 1.5 g/t gold and 924 g/t silver (BUUY273, V75, elevation of
1,628 metres).
Drill holes that passed through western Yaragua resulted in depth extensions to, and infill of, the Yaragua vein system in this area. Significant intercepts, below the current Yaragua mineral resource envelope, include:
- 0.67 metre at 21.4 g/t gold and 38 g/t silver (BUUY249D01, elevation of
701 metres);
- 2.07 metres at 7.6 g/t gold and 24 g/t silver, including 0.5 metre at 27.6 g/t gold and 48 g/t silver (BUUY249D01, elevation of 694 metres).
Vein grades times thicknesses significantly above those expected from the current Yaragua mineral resource block model were also encountered through a broad elevation range. Related intercepts and veins include:
- 0.41 metre at 95.1 g/t gold and 103 g/t silver (BUSY361D02, MU10,
elevation of 709 metres);
- Seven metres at four g/t gold and six g/t silver, including 1.1 metres at 11.4
g/t gold and six g/t silver (BUSY363, HWV, elevation of 1,250 metres);
- 0.75 metre at 11.3 g/t gold and five g/t (BUSY363, MU2, elevation of 1,394
metres).
Technical information
Dr. Vic Wall, PhD, special adviser to the company and a qualified person for the purpose of National Instrument 43-101, has prepared or supervised the preparation of, or approved, as applicable, the technical information contained in this press release. Dr. Wall is a geologist with 35 years experience in the minerals mining, consulting, exploration and research industries. Following a career in Australian and North American academes, he held senior positions in a number of multinational major and junior minerals companies. A fellow of the Australian Institute of Geoscientists, Dr. Wall is principal of Vic Wall & Associates, a Brisbane-based consultancy that provides geoscientific services to mineral companies and government agencies, worldwide.
The company utilizes a rigorous, industry-standard quality assurance/quality control program. HQ core is sawn or split with one-half shipped to a sample preparation lab in Medellin run by ALS Colombia Ltd. in Colombia, whereas BQ core samples are full core. Samples are then shipped for analysis to an ALS-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 Analytical Laboratories in Vancouver and/or Inspectorate America Corp. in Reno, Nev.
The company does not receive assay results for drill holes in sequential order; however, all significant assay results are publicly reported. A listing of assay results to date for the Buritica project is available on the company's website.
For additional technical information on the Buritica project, please refer to the company's technical report entitled, "Independent Technical Report and Resource Estimate on the Buritica Gold Project 2013," with an effective date of Dec. 31, 2013, prepared by Andrew J. Vigar, BappScGeo, FAusIMM, MSEG, and Martin Recklies, BappScGeo, MAIG, each of Mining Associates Pty. Ltd., available on SEDAR, on the OTCQX website and on the company website.
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