Continental Gold (TSX:CNL; OTCQX:CGOOF) is a development-stage gold mining company. With a first mover advantage in Colombia, the Company has a portfolio of high-grade and high impact exploration and development properties. The Company’s flagship Buriticá project is a high-grade and multi-million-ounce precious metal project boasting mineral reserves of 3.7 million ounces at 8.4 g/t gold (13.7 million tonnes), with production scheduled for early 2020. In May 2017, Newmont Mining invested US$109 million at a 46% premium to market to purchase a 19.9% interest. The Company is advancing on schedule with construction of its Buriticá mine and is commencing an aggressive 100,000-metre drill program on the property.
Why Continental Gold?
*Source: FactSet, Bloomberg, available equity research November 29, 2016
The Buriticá project is Continental Gold’s 100%-owned, fully permitted flagship high-grade gold project located in the middle Cauca belt in the northwest region of Colombia. Easily accessible by an approximately two-hour drive on the paved Pan-American highway from Medellín, Colombia’s second largest city. Comprised of two major vein systems, the project boasts a rare combination of size, grade, excellent metallurgy and growth-potential.
Paul Begin, CFO