BURITICÁ • QUICK FACTS

Location

Antioquia Department, northwestern Colombia. 2,200 m elevation, two hour drive from Medellín on paved road

Ownership

The project is owned 100% by Continental Gold

Mineralization

Carbonate base metal type vein system

Work to Date

Over 115,000 metres of surface and underground drilling completed to date. Initial resource estimates released with multimillion ounces of gold, silver and zinc.

Current Status

As of May 2012, ten drills are turning to complete a 60,000-metre surface and underground drill program for 2012. Construction of a 5.5 km ramp, which will give the Company underground access to drill test the deposit down to 1,000 m and eventually serve as a production ramp, is due to commence in H2 of 2012.

Buriticá

  • Buriticá, Continental's 100%-owned, 29,185-hectare, flagship project, is an emerging, high-grade gold district located 75 km northwest from Medellín in Antioquia Department. The project is accessible by paved road and has excellent infrastructure with power and water readily available. The project is located approximately 2 km south of the town of Buriticá in a district that was an important gold producing area during the Spanish colonial period when it hosted several small artisanal mining operations exploiting narrow high grade veins, alluvial and colluvial deposits. Extensive areas of superficial weathered material are believed to have been worked by hydraulic methods, and small high grade veins were worked underground for gold and silver.

  • The terrain in the Buriticá project area is rugged with elevations ranging from around 500m at the Cauca river valley to the east, to approximately 2,000m at the top of the ridges. The climate is tropical with an average temperature of 26oC.

REVIEW BY QUALIFIED PERSON, QUALITY CONTROL AND REPORTS

The results of the Company's drilling program have been reviewed, verified and compiled by Mark Moseley-Williams (B.Sc., Mining Engineering), Continental’s President and Chief Operating Officer, a Qualified Person (“QP”) for the purpose of NI 43-101. Mr. Moseley-Williams has over 17 years of experience in mine construction, expansion projects and operations in North, Central and South America.

The company utilizes a rigorous, industry-standard QA/QC program. Core is sawn in half with one-half shipped to a sample preparation lab in Medellín run by SGS Colombia. Samples are then shipped for analysis to a SGS-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, British Colombia and/or Inspectorate America Corp. in Reno, Nevada.

A review of data generated to date and the QA/QC program is presented in an independent NI 43-101 Mineral Resource Estimate prepared by Mining Associates Pty Limited. The report, dated October 24, 2011, is posted under the Company’s profile on SEDAR as well as on the Company’s website.

 

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