Continental Gold Signs MOU to Formalize Small-scale Mining at Buritica

Continental Gold Ltd. (TSX:CNL,OTCQX:CGOOF) provided an update on its Colombia-based Buritica gold project, commenting that it has signed a memorandum of understanding (MOU) with the Ministry of Mines and Energy, the National Mining Agency and Corantioquia; it outlines a framework “to formalize small-scale mining taking place” at the project.

In addition:

On December 23, 2013, the Company submitted an Environmental Impact Assessment (‘EIA’) to Corantioquia, representing the final modification to the environmental license for the entire surface infrastructure required to build a mine in the Higabra valley.

Mark Moseley-Williams, Continental’s president and COO, commented:

Achieving these important milestones are critical components of de-risking and moving the Buriticá project forward. I want to personally thank the Ministry of Mines, the National Mining Agency, Corantioquia and the Government of Antioquia for unifying so effectively, and providing the framework for the first formalization that adheres to the new Law 1658 of July 15, 2013. This landmark process paves the way for future formalization processes in Colombia.

Click here to read the full Continental Gold Ltd. (TSX:CNL,OTCQX:CGOOF) press release.