12:32:53 EDT Sat 11 May 2024
Enter Symbol
or Name
USA
CA



Continental Gold Inc
Symbol CNL
Shares Issued 141,629,345
Close 2016-12-06 C$ 4.29
Market Cap C$ 607,589,890
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Continental Gold receives OK for Buritica work plan

2016-12-07 06:49 ET - News Release

Mr. Paul Begin reports

CONTINENTAL GOLD RECEIVES MINING TECHNICAL WORK PLAN

Continental Gold Inc. has received approval for the mining technical work plan (PTO) for the company's Buritica project. The Secretary of Mines of Antioquia has issued resolution No. S2016060095092, formally approving the PTO application submitted in May, 2016, to amend the existing PTO to encompass the expansion of the Buritica project outlined in the company's feasibility study dated March 29, 2016.

As previously announced on Nov. 30, 2016, the company received the environmental permit for the Buritica project from ANLA (the Colombian National Authority of Environmental Licenses), which authorizes the company to expand its current small-scale operating mine to a fully integrated mining and milling operation, including a processing plant up to a maximum of 3,200 tonnes per day. The environmental permit, along with the PTO, represents the necessary permits required by the company for the Buritica project to begin formal construction activities and production.

About Continental Gold

Continental Gold is an advanced-stage exploration and development company with an extensive portfolio of 100-per-cent-owned gold projects in Colombia.

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