Published: December 5, 2016 |

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Continental Gold Inc. has received the environmental permit for the company’s Buriticá project.

Resolution No. 01443, dated November 30, 2016, was issued by ANLA, the Colombian National Authority of Environmental Licenses, approving the company’s application for an amendment to the environmental license for the Buriticá project located in Antioquia, Colombia.

The resolution authorizes Continental Gold to expand its current small-scale operating mine to a fully integrated mining and milling operation, as outlined in the company’s feasibility study dated March 29, 2016. Specifically, the resolution allows Continental Gold to operate and construct all mining and milling-related facilities, including a processing plant up to a maximum of 3,200 tonnes per day. In addition, the resolution allows the company to mine alluvial material required for construction during the pre-production and production phases of operations and requires the company to follow strict and environmentally-conscious best practice protocols for the operation and closure of the mine.

“The completion of permitting for the Buriticá project is a strong testament to Colombia’s willingness to embrace responsible mining and its desire to reinvigorate the gold industry for a country that holds the title as the most prolific gold producer in Latin American history. We would like to thank the local communities, the Government of Antioquia and the National Colombian Government for their confidence in Continental Gold’s ability to deliver a robust environmentally-responsible mine that will yield significant benefits for all stakeholders,” said Ari Sussman, CEO of Continental Gold.

“The modification of the Environmental License, granted by ANLA, reflects Continental Gold’s commitment to building a modern mine with strong operational, environmental and social standards, while generating well-being and development for the communities of Buriticá, the region of Western Antioquia and Colombia,” said Mateo Restrepo, president of Continental Gold.

With project permitting now in place, the company advises that a project debt facility arrangement is nearing completion. The company also expects to receive the mining technical work plan approval from the Secretary of Mines of Antioquia in the next few days. This includes the detailed work plan that supports the environmental permit application submitted to ANLA.

About Continental Gold
Continental Gold Inc. is an advanced-stage exploration and development company with an extensive portfolio of 100 percent-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.

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