Handelsstop beendet

   g/t silver in hole BUSY-129 in the western portion of the San Antonio
   vein.
--  Step-out and infill drill intercepts on Yaragua Vein B includes 2.95
   meters @ 24.37 g/t gold with 30 g/t silver in BUSY-92 and 13.4 meters @
   6.54 g/t gold in BUUY-49.



Details

The 100%-owned, 18,000 hectare Buritica gold project, located in the Department of Antioquia, Colombia, is characterized by widespread, high-grade gold mineralization in multiple vein packages as well as extensive gold-in-soil anomalies. Drilling to date has focused on the Yaragua and Veta Sur vein systems. These systems exhibit two mineralogically and geochemically distinct phases of gold mineralization. Stage I, seen in veins and breccias, consists of semi-massive banded iron-zinc-lead (Fe-Zn-Pb) sulfides with a carbonate-quartz gangue. The recently identified Stage II style is lower in sulfide and consists principally of carbonate, quartz and native gold. Bonanza-grade drill intercepts in areas dominated by Stage II mineralization previously reported from the Veta Sur zone include 14.3 metres at 446 g/t gold and 166 g/t silver in Busy-79.

Total surface and underground diamond drilling on the property since its discovery in 2008 is over 42,000 meters. Seven drills are currently working on infill and step-out on the Veta Sur and Yaragua families of veins, new exploration in targets defined by soil anomalies, and drilling along the trend of a planned one kilometer long tunnel which will access the ore bodies at depth. The 100,000-metre Phase II drilling program is to be completed before end 2011. This release summarizes the results of recent drilling in the Veta Sur and Yaragua systems.

Veta Sur

Results from the eight new drill-holes reported in the Veta Sur system extend the strike length of the 100-metre wide mineralized corridor to 400 meters (Figure 1), open to the southwest. Within this corridor all holes exhibit multiple vein intersections, which preliminary modeling indicates reflect a family of five main veins. The entire Veta Sur corridor is open below the 350 vertical meters currently drill tested. Significant intercepts are tabulated below:


                                  Interval
Hole ID         From (m)    To (m)       (m) Gold g/t  Silver g/t  Zinc ppm
--------------------------------------------------
BUSY-81          236.85    239.45      2.60     20.91         7.5      7133
                249.35    261.50     12.15      4.81       120.1      3527
including        256.80    258.85      2.05     11.33       254.8     12597
                268.40    269.70      1.30     14.22        80.0      2616
                285.10    286.35      1.25     23.93       219.2      2421
BUSY-82           68.80     70.20      1.40     14.26        20.0     53800
                 81.00     83.00      2.00      6.46        30.2     38040
                202.10    203.20      1.10      7.62        14.0      1083
                313.30    316.50      3.20      4.55        14.8      4380
                343.30    346.70      3.40     12.42        23.4       871
BUSY-83          171.00    173.00      2.00     23.33       216.0     13751
                252.55    254.50      1.95     12.56       160.2      1369
BUSY-86          352.90    355.00      2.10      4.12        27.8      4445
                359.00    362.20      3.20      3.49        23.5      3326
BUSY-89          325.80    328.50      2.70     12.16        19.0      2403
                334.50    340.55      6.05      8.93        78.2      1587
BUSY-90          260.85    262.30      1.45      9.38        79.2      3286
                333.15    333.80      0.65     18.47        28.0      2036
                381.70    382.60      0.90     27.24        68.6       654
                405.50    409.80      4.30     16.05        14.7       200
BUSY-91          245.60    249.30      3.70      4.22        18.4       333
                283.00    288.10      5.10      4.34        24.2       589
                317.70    318.75      1.05      8.64        28.0      2748
BUSY-131         104.00    106.50      2.50      9.63        27.4      1887
                124.00    141.90     17.90    113.82       112.4       645
including        127.30    128.50      1.20   1432.35       625.4       625
and              132.00    133.80      1.80    127.02       161.8       796
(a) True widths not known but estimated at 50% or higher of the quoted
   intercept
(b) Grades are uncut and an external grade cutoff of 1.0 g/t Au used to
   determine intersection thickness and grade
(c) BUSY- sequence drilled from the surface, BUUY- sequence from underground
(d) Holes not reported in numerical sequence are in sample preparation or
   assay lab



BUSY-131 was drilled from south to north and in scissor pattern with the north-to-south drilled Busy-79, which intersected 14.3 m @ 446 g/t Au gold and 166 g/t Ag silver. Both holes contain two very high grade portions which exhibit abundant visible gold and which define a steeply-dipping high grade sub-zone of more than 10 metres true thickness. The bonanza gold grades associated with low base metals and vuggy carbonate are typical of the Stage II style mineralization which is proving to be extensive in the Veta Sur system.

Yaragua Veins

Drilling in the Yaragua area focused on defining the western extension of Vein B. Eight of the nine new drill holes into Vein B intersected good gold grades and/or vein-set thicknesses. Higher grades were encountered to the west where the vein shows a distinct Stage II overprint characterized by carbonate-native gold-stibnite mineralization. The main intercepts from these holes are tabulated below and are shown in Figure 2.

A single drill hole completed on the San Antonio vein further demonstrates good grades and continuity of the western part of this vein set. The intersection of 1.25 meters @ 128 g/t Au in BUSY-129 appears to be a Phase II overprint within the broader intersection of 11 meters @ 17.16 g/t Au.


                             Interval     Gold Silver   Zinc
Drillhole ID   From (m) To (m)      (m)     g/t    g/t    ppm       Subzone
--------------------------------------------------
BUSY-80         127.50 129.00     1.50     3.37    6.2   5795        Vein B
BUSY-84          85.00  86.15     1.15    12.58    5.1   4863        Vein B
BUSY-85          85.40  89.90     4.50     6.24    4.0   3281        Vein B
                98.90 100.40     1.50     7.10    7.9   3528
BUSY-88          40.95  47.30     6.35     5.07   18.2  13015        Vein B
                82.30  84.80     2.50     9.25    6.3  11824
BUSY-92         143.50 144.50     1.00     7.97   18.6  47220
               157.75 160.70     2.95    24.37   30.0  18227        Vein B
               198.30 198.70     0.40    38.91   10.0    562
BUSY-129        108.70 110.20     1.50     7.13    7.2   2872
               118.85 129.85    11.00    17.16    9.9   3038   San Antonio
including       122.40 123.65     1.25   128.40   55.0   3963
               140.10 149.60     9.50     8.52   18.1   7551
BUUY-40         136.30 138.50     2.20    15.44   25.8   4470        Vein B
BUUY-41         231.35 237.60     6.25     5.69    6.6   4143        Vein B
               240.60 256.90    16.30     3.47    5.2   2423
including       243.30 246.50     3.20     9.72   11.4   1254
BUUY-43          75.00  76.50     1.50    13.10   16.3   1136        Vein B
               266.55 267.95     1.40     5.59    8.4    761
BUUY-49          11.00  15.60     4.60     3.86    4.5   1541
                60.10  73.50    13.40     6.54    4.6   6646        Vein B
including        65.50  70.50     5.00    13.80    6.6  10918
                85.00  86.00     1.00    13.75    4.9    247
(a) True widths not known but estimated to be 50% or higher of quoted
   intercept
(b) Grades are uncut and an external grade cutoff of 1.0 g/t Au used to
   determine intersection thickness and grade
(c) BUSY- sequence drilled from the surface, BUUY- sequence from underground
(d) Holes not reported in numerical sequence are in sample preparation or
   assay lab



Technical Information

The results of the Company's drilling program have been reviewed, verified and compiled by Vice President Exploration, Stuart Moller P.Geol., a qualified person for the purpose of NI 43-101. Mr. Moller has over 30 years of mineral exploration experience and is a Licensed Professional Geologist in the Province of British Colombia and a Fellow of the Society of Exploration Geologists.

The company utilizes an industry-standard QA/QC program. HQ and NQ diamond drill-core is sawn in half with one half shipped to a sample preparation lab in Medellin run by SGS Colombia. Samples are then shipped for analysis to 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 laboratories in Vancouver and/or Inspectorate Labs in Reno.

About Continental Gold Limited

Continental Gold Limited is an advanced-stage exploration company with eight gold projects covering 200,000 hectares in Colombia. Spearheaded by a management team with over 40 years of exploration and mining experience in South America, the Company has begun an aggressive exploration program on its extensive portfolio of properties with a focus on its flagship high-grade gold project, Buritica and the highly-prospective Berlin gold project. Additional details on the Buritica project and the rest of Continental Gold's suite of gold exploration properties is available at www.ContinentalGold.com.

Forward-Looking Statements

"This press release contains or refers to forward-looking information, including statements regarding the estimation of mineral resources, exploration results, potential mineralization, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law."

To view Figure 1 - Surface plan of current and past drilling in the Veta Sur area, please visit the following link: media3.marketwire.com/docs/cnl_1124_fig_1.pdf

To view Figure 2 - Plan view of the new drilling in the Yaragua family of veins (previous drilling shown in gray traces), please visit the following link: media3.marketwire.com/docs/cnl_1124_fig_2.pdf

Contacts: Continental Gold Limited Naomi Nemeth Vice President, Investor Relations +1 416.643.7638 info@continentalgold.com www.continentalgold.com

SOURCE: Continental Gold Ltd.

mailto:info@continentalgold.com www.continentalgold.com

Insider haben sich gestern nach der Hammer- NEWS Aktienkäufe vorgenommen. Normalerweise nutzt man sowas für Aktienverkäufen, aber anscheinend wissen die wohl etwas mehr :-)

WERT: 3,44 MIO DOLLAR

Quelle:

http://www.tmxmoney.com/...Submit&QuerySymbol=cnl&x=0&y=0

Toronto Stock Exchange

                                                                                                                                                                                                                                                                   

Company Name :            Continental Gold Limited	Last Updated:            November 24, 2010
Date	Symbol	Insider            Buys            Volume	Insider            Sells            Volume	Insider            Buys            Value $	Insider            Sells            Value $	Insider            Buys            Transaction	Insider            Sells            Transaction	Currency
11/24/2010	CNL	347,400	0	3,440,808.00	0.00	55	0	CAD

 

http://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Fnewsreleases%2Easp%3Fsymbol%3DT%2ECNL%26newsid%3D7995572

Continental Gold Drills 9.9 Metres at 53.11 g/t Gold & 109.9 g/t Silver and 3.5 Metres at 76.72 g/t Gold & 216.4 g/t Silver at the Buritica Gold Project
12/21/2010 7:01:15 AM - Market Wire

TORONTO, ONTARIO, Dec 21, 2010 (MARKETWIRE via COMTEX News Network) --

Continental Gold Ltd. ("Continental Gold" or the "Company") (TSX: CNL)(OTCBB: CGOOF) is pleased to announce further diamond drilling results from the Yaragua and Veta Sur Systems at its Buritica gold project in Antioquia, Colombia. To date, 45,000 metres of diamond drilling have been completed on the property as part of a program which will include an additional minimum of 60,000 metres in 2011.

Highlights

 

 

-- Among multiple vein and breccia intercepts, drill-holes BUUY-48 and
BUUY-51 in the Yaragua System cut 3.5 m @ 76.72 g/t gold and 216.4 g/t
silver and 2.7 m @ 60.53 g/t gold and 55.0 g/t silver, respectively
-- An intercept of 126.9 g/t gold and 92.0 g/t silver over 0.4 m in BUUY
-46 is the deepest mineralization drilled to date at Buritica and
represents a newly discovered vein system
-- The mineralized intersections in the Yaragua System extend the high
grade vein system to over 500 metres along strike and 550 vertical
metres. The Yaragua System remains open along strike to the west and at
depth
-- BUUY-44 intersected 9.8 m @ 13.93 g/t gold and 69.6 g/t silver in the
Murcielagos family of veins in eastern portion of Yaragua
-- Hole BUUY-130 cut 9.9 m @ 53.11 g/t gold and 109.9 g/t silver in the
Veta Sur System approximately 35 metres above the previously reported
bonanza grade intersections in holes Busy-79 (14.3 m @ 446 g/t Au and
166 g/t Ag) and Busy-131 (17.9 m @ 113.8 g/t Au and 112.4 g/t Ag),
extending the central high grade core of this system

 

 

Continental Gold Warrants to Trade on the Toronto Stock Exchange Commencing January 17, 2011

Continental Gold Ltd (TSE:CNL)
Historical Stock Chart
1 Monat : December 2010 bis January 2011

Continental Gold Limited ("Continental Gold" or the "Company") (TSX: CNL)(OTCBB: CGOOF) is pleased to announce that the warrants (the "Warrants") of the Company issued on September 16, 2010 are expected to commence trading on the Toronto Stock Exchange (the "TSX") on January 17, 2011 under the symbol "CNL.WT". The Warrants are exercisable at a price of $7.50 until September 16, 2012. In the event that the closing price of the Company's common shares on the TSX is greater than $9.75 per share for a period of 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company.

About Continental Gold Limited

Continental Gold Limited is an advanced-stage exploration company with eight gold projects covering approximately 166,207 hectares in Colombia. Spearheaded by a management team with over 40 years of exploration and mining experience in South America, the Company has begun an aggressive exploration program on its extensive portfolio of properties with a focus on its flagship high-grade gold project, Buritica and the highly prospective Berlin gold project. Additional details on the Buritica project and the rest of Continental Gold's suite of gold exploration properties is available at www.ContinentalGold.com.

Forward-Looking Statements

This press release contains or refers to forward-looking information, including statements regarding the expected listing date of the Warrants and is based on current expectations that involve a number of business risks and uncertainties. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements.These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

Contacts:

Continental Gold Limited

Elina Chow