Continental Gold Inc. (TSX: CNL / OTCQX: CGOOF) ("Continental" or the "Company") is pleased to announce approval of the Mining Technical Work Plan (Programa de Trabajo y Obras or "PTO") for the Company's Buriticá 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 Buriticá project outlined in the Company's Feasibility Study dated March 29, 2016.
As previously announced on November 30, 2016, the Company received the environmental permit for the Buriticá 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 Buriticá project to begin formal construction activities and production.
About Continental Gold
Continental Gold Inc. is an advanced-stage exploration and development company with an extensive portfolio of 100%-owned gold projects in Colombia. Formed in April 2007, the Company -- led by an international management team with a successful track record of discovering and developing large high-grade gold deposits in Latin America -- is focused on advancing its high-grade Buriticá gold project to production.
For information on the Buriticá Project, please refer to the technical report, prepared in accordance with NI 43-101, entitled "Buriticá Project NI 43-101 Technical Report Feasibility Study, Antioquia, Colombia" and dated March 29, 2016 with an effective date of February 24, 2016, led by independent consultants JDS Energy & Mining Inc. The technical report is available on SEDAR at www.sedar.com, on the OTCQX at www.otcmarkets.com and on the Company website at www.continentalgold.com. Additional details on the rest of Continental Gold's suite of gold exploration properties are also available at www.continentalgold.com.
Source: Continental Gold