Continental Gold (TSX: CNL; OTCQX: CGOOF) is a well-funded advanced-stage exploration and development company that is led by experienced mining professionals focused on becoming a leading producer of precious metals in Colombia. The Company´s flagship Buriticá project is located 75 km northwest from Medellín, the second largest city in Colombia and readily accessible by paved highway with great infrastructure including water availability and grid power.
2. Important Notice
The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and results as at and for the
periods ended on the dates presented in the Company’s plans and objectives and may not be appropriate for other purposes.
This presentation does not constitute a prospectus or other form of offering document relating to Continental Gold Limited (the “Company”), and does not constitute an offer or invitation to purchase or subscribe
for any securities of the Company or any other company and should not be relied on in connection with a decision to purchase or subscribe for any such securities. This presentation does not constitute a
recommendation regarding any decision to sell or purchase securities of the Company or any other company. These presentation slides (the “Slides”) and the accompanying verbal presentation are confidential
and are being supplied to you solely for your information and may not be reproduced or distributed to any other person or published, in whole or in part, for any other purpose. No reliance should be placed for
any purpose whatsoever on the information contained in the Slides and the accompanying verbal presentation or the completeness or accuracy of such information. No representation or warranty, express or
implied, is given by or on behalf of the Company or its shareholders, directors, officers, or employees or any other person as to the accuracy or completeness of the information or opinions contained in this
presentation, and no liability is accepted for any such information or opinions (including in the case of negligence, but excluding any liability for fraud).
The technical information about the Company’s mineral properties and exploration activities contained in this presentation has been reviewed and approved by Mr. Mark Moseley-Williams, an officer of the
Company, who is a “qualified person” within the meaning of National Instrument 43-101.
All references to the mineral resource estimate are sourced from the technical report entitled “2012 Mineral Resource Estimate of the Buriticá Gold Project, Colombia”, dated November 15, 2012 with an effective
date of October 22, 2012, prepared by Mining Associates Pty Limited. Calculations are based on 112,600 metres of drilling and 2,332 metres of underground channel samplings as at June 30, 2012.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Except for statements of historical fact relating to the Company, certain information contained in this presentation constitutes “forward-looking information” under Canadian securities legislation. Forward-looking
information includes, but is not limited to, statements with respect to the potential of the Company’s properties, estimates of concentration of mineralization and mineral resource quantities, mineral resource
qualities, the potential scope and context of the mineralized area, the potential for upgrading the mineral resource estimate, the Company’s exploration and drilling targets, exploration and mine development
plans, goals, objectives and plans, and other statements relating to the financial and business prospects of the Company.
Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”,
“intends”, “is projected”, “anticipates” or “does not anticipate”, “believes”, “targets” or variations of such words and phrases. Forward-looking information may also be identified in statements where certain actions,
events or results “may”, “could”, “should”, “would”, “might” or “will be taken”, “occur” or “be achieved”.
Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of historical trends, current conditions
and expected future developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information
is inherently subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from
those expressed or implied by such forward-looking information, including but not limited to risks related to: failure to establish estimated mineral resources; the grade, quality and recovery of mineral resources
varying from estimates; risks related to the exploration stage of the Company’s properties; the possibility that future exploration results will not be consistent with the Company’s expectations (including identifying
additional and/or deeper mineralization); changes in the price of gold; changes in equity markets; political developments in Colombia; uncertainties relating to the availability and costs of financing needed in the
future; changes to regulations affecting the Company’s activities; delays in obtaining or failures to obtain required regulatory approvals; the uncertainties involved in interpreting drilling and exploration results and
other geological data and other factors (including exploration, development and operating costs and risks); as well as those further discussed in the section entitled “Description of the Business: Risks of the
Business” in the Company’s Annual Information Form and other regulatory filings which are available under the Company’s profile on SEDAR at www.sedar.com.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors could also
cause materially different results. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with
applicable securities laws.
Differences in Reporting of Resource Estimates
This presentation was prepared in accordance with Canadian standards for reporting of mineral resource estimates, which differ in some respects from United States standards. In particular, and without limiting
the generality of the foregoing, the terms “inferred mineral resources,” “indicated mineral resources,” “measured mineral resources” and “mineral resources” used or referenced in this presentation are Canadian
mineral disclosure terms as defined in accordance with Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining,
Metallurgy and Petroleum (the “CIM”) Standards on Mineral Resources and Mineral Reserves (the “CIM Standards”). The CIM Standards differ significantly from standards in the United States. While the terms
“mineral resource,” “measured mineral resources,” “indicated mineral resources,” and “inferred mineral resources” are recognized and required by Canadian regulations, they are not defined terms under
standards in the United States. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all
or any part of an inferred mineral resource will ever be upgraded to a higher category. Readers are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted
into mineral reserves. Readers are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. Disclosure of “contained ounces” in a mineral
resource is permitted disclosure under Canadian regulations; however, United States companies are only permitted to report mineralization that does not constitute “reserves” by standards in the United States
as in place tonnage and grade without reference to unit measures. Accordingly, information regarding mineral resources contained or referenced in this presentation containing descriptions of our mineral
deposits may not be comparable to similar information made public by United States companies.
2
6. Management
Ari Sussman
Mauricio Castañeda
CEO and Director
Vice-President, Exploration
•!
•!
•!
•!
•!
Over 15 years of experience in the mining industry
Co-founder and former Chairman and CEO of Colossus Minerals Inc., 2006 – 2012
Raised over C$500 million since 2006 for various companies
Geologist with 13+ years of Latin American-focused experience
Previously-held senior positions with Anglo American Colombia Exploration, ColGold Inc.
Colombia, Consorcio de Inversionistas S.A. and Mineros Nacionales S.A.
Mark Moseley-Williams, BSc., MBA*
Vic Wall, PhD*
President and Chief Operating Officer
Special Advisor
•!
•!
•!
•!
•!
•!
•!
Mining engineer with over 17 years of experience in mine construction, expansion
projects and operations in the Americas
Previous experience includes Agnico-Eagle Mines Limited, Kinross Gold Corp., Coeur
d'Alene Mines Corp., Fortuna Silver Mines Inc.
Colombian national
Luis Felipe Huerta
Project Manager
•!
•!
•!
Over 19 years of experience in the engineering of mines in Latin America
Previous experience includes Graña y Montero, GMI & Fluor Daniel, Noberto Odebrecht
and Compañia Minera Atacocha and was the former Project Manager of Fortuna Silver’s
San Jose mine
Bachelor of Science in Civil Engineering and Masters in Structural Engineering from
Universidad Nacional de Ingeniería as well as advanced studies in project management
from the ESAN
Paul Begin, CA, MBA
Chief Financial Officer
•!
•!
Chartered Accountant with over 15 years of experience
Formerly CFO with Hanfeng Evergreen Inc., Trilliant Incorporated and OZZ Corporation
Gustavo Koch, MA
Executive Vice-President
•!
Lawyer with over 17 years of experience managing extensive portfolio of mining licenses
in Colombia
Geologist with over 35 years of international experience
Co-winner of the Goldcorp challenge in 2001
Chief Geologist, MIM Exploration Pty. Ltd (1989"1996)
Co-founder & former VP, Exploration of Colossus Minerals Inc.
Greg Hall, BAppSc
Special Advisor
•!
•!
Over 35 years of experience in the mining industry
Chief geologist world-wide of Placer Dome " credited discoveries include Granny Smith
Mine (Barrick) and Yandi Mine (Rio Tinto)
Chris Grainger, PhD*
Technical Advisor
•!
•!
•!
15+ years of experience as a geologist in South America
Former Vice-President, Exploration – Regional of Continental Gold and Chief Geologist of
Colossus Minerals Inc.
Previous experience includes Troy Resources, LionOre Australia, Legend Mining, INCO
Brazil, CVRD Brazil
Eduardo Otoya Rojas
Vice-President, Corporate Affairs
•!
•!
•!
Lawyer specializing in economic legislation, with over 18 years of management experience
Former General Manager and Legal Representative of Frontino Gold Mines
Previously held management and legal positions in Empreserial de Fiduagraria (finance
sector), Superintendencia de Sociedades (government sector), and Concasa and
Invercrédito (banking sector)
!"#$%&'()($*+,-./01$203456$
6
7. Board of Directors
Robert Allen
Chairman of the Board
•! Over 40 years of Colombian experience identifying, financing
and developing mineral properties
•! Chairman and Director of Grupo de Bullet S.A. and Bullet
Holding Corporation
Ari Sussman
CEO and Director
•! Over 15 years of experience in the mining industry
•! Co-founder and former executive chairman & CEO of Colossus
Minerals, 2006 – 2012
•! Raised over C$500 million since 2006
León Teicher
Director
•!
Founder and CEO of Xeon Technology Corp.
•!
Former President and CEO of Cerrejón Coal Ltd., Colombia's
largest private coal producer and exporter
Dr. Kenneth Thomas, P.Eng
Director
•!
Over 45 years of mining sector experience
•!
Former Senior Vice President at Barrick Gold Corporation
and Kinross Gold
•!
2001 Selwyn G. Blaylock Medal for achievement in
international mine design from Canadian Institute of Mining
Metallurgy & Petroleum
Paul J. Murphy
Director
•! Executive VP, Finance and CFO of Guyana Goldfields
•! Former national mining leader in Canada and Western
Hemisphere Mining Centre for Exellence in Canada at
PriceWaterHouseCoopers LLP
•! Director of Alamos Gold and Century Iron Mines
Corporation
Tim Warman, P.Geo
Director
•! President of Dalradian Resources
•! Former President and CEO of Malbex Resources
•! Former Vice President of Corporate Development of
Aurelian Resources Inc.
Gary Barket
Director
•! Attorney in private practice with over 40 years experience
in securities, business transactions and litigation
Jaime I. Gutiérrez
Director
•! Over 25 years of mining industry experience
•! General Manager of CIIGSA, Colombia’s oldest gold
smelter company!
!
7
8. Focused on High-grade Precious Metals in Colombia
•! All projects are 100%-owned
•! Colombian government royalty of 3.2% and tax
rate of 34% (2016 – 33%)
•! Total land package: 156,949 ha
!!
!!
!!
!!
!(#%)*+'
Buriticá – 58,773 ha flagship project
Berlin – 26,421 ha high-grade gold project
,-:(#/'
Dominical – 24,066 ha high-grade silver project
Dojura – 44,218 ha gold porphyry project in JV
with AngloGold Ashanti
N
!"#$%&'
3"8"$$<&'
!-=-6+'
01213!45'
,-.%&%*/$'
!
"
!
#""
!
$""
Kilometres
0-&)&"&6/$'7-$8'9#-:"*6;''
8
9. Why Focus on Colombia?
•! Andean mountain chain continuation with
little exploration
Segovia Belt
•! Rare triple-plate junction where 3 tectonic
plates coalesce under the country
•! Numerous belts of intrusion-related gold
and silver-base metal systems
•! Middle Cauca belt: miocene arc, a
Continental Gold focus
•! Major gold deposits include Buriticá, La
Colosa and Marmato
California District
Buriticá
Antioquia
Batholith
Marmato
Chocó Belt
Middle Cauca Belt
COLOMBIA
.*!1242+*!
Western edge of the
craton
3>?52217>@40'!>2?'57>'
'()*++,-!
.*/0!1)0/*-02(+!3*)45!60)7*)5!
32-080!9:;!
<,2-080!
,>91B4?'?C9>'
=2)>?5)5!@24A!
B8/0)C0A,*/0!D(4EA*728!
FG,A,H0A!=4(/28!I04*/0A!
"!
%&!
#&"!
'
A%$-."6#";
!"#"$"%&"'()*+,"(-.(/$0(!1&2+$3(4155167"(
9
10. Buriticá: Geology and Deposit Type
•!
High-grade carbonate base metal gold vein
deposit (CBM)
•!
CBM deposits typically have a vertical dimension
of 1,000+ metres; Buriticá presently at 1,300
metres vertically and open
•!
Two distinct stages of overprinting
mineralization resulting in higher grades
(see images)
Stage II (free gold +/- Te, Sb, As)
•!
58 veins modeled in resource estimate averaging
approximately 1.5 metres in width. Numerous
additional veins continue to be discovered and will
be reflected in future resource estimates
•!
E'
*.'
Veta Sur BUSY079 1.0 m @ 4046 g/t Au
Temperature-related changes in mineralization
at depth – increase in pyhrrhotite, K-feldspar and
high-grade gold
•!
D'
Known CBM gold deposits include:
Peñasquito (>25 Moz), Porgera (>25 Moz), Kelian
(5.7 Moz), Amatok (10 Moz), Misima (3.7 Moz),
Montana Tunnels (35.7 Moz silver)
Stage II visible gold in drill core
10
11. Buriticá: Overview
•! High-Grade Multi-million ounce gold
and silver deposit:
•! Permitting
!"#$%$%&"'$()%*)
!
"#$%&'(!)*+*+,!-*.&+/&!*//0&1!2'(.3!4#5"
!"+%,$-.%/)%012"'$()%*)
5/6!')&+1)&+6!70,0/6!4#54
!
Mineral resource estimate for the Buriticá project above a 3 g/t gold cut-off
Resource
Grades
Metal
Category
Tonnes
Au
(g/t)
Ag
(g/t)
Zn
%
Au
(oz)
Ag
(oz)
Zn
(lb)
Measured
320,000
27.8
69
1.4
290,000
700,000
9,500,000
Indicated
3,420,000
12.3
35
0.6
1,350,000
3,900,000
46,300,000
Total M&I
3,740,000
13.6
38
0.7
1,640,000
4,600,000
55,800,000
Inferred
13,330,000
8.8
33
0.5
3,760,000
14,200,000
156,500,000
Sourced from the technical report entitled “2012 Mineral Resource Estimate of the Buriticá Gold Project, Colombia”, dated
November 15, 2012 with an effective date of October 22, 2012, prepared by Mining Associates Pty Limited.
Calculations are based on 112,600 m of drilling and 2,332 m of underground channel samplings as at June 30, 2012.
•! Metallurgical results consistently achieve
over 90% recovery rates for gold
Gravity separation of gold on a shaker table at the Buriticá mine
•! Pilot scale operating mine (up to 30 TPD)
! !"#$%&'()*&#(+'(%#%,-.*/"#0*1*23'(,*,'(&3*45567***
89:::;*03+"3,*#/*-<+3"<-*$323-#=03(+*"'()*
6::;*03+"3,*#/*23"+'&<-*'(*>'--,'$3
! ?3"23,*<,*<*+"<'('()*=-<+/#"0*/#"*+3<&>'()*&%+*<($*
Production Profile
Year
Tonnes
Gold
head grade
(grams/tonne)
Ounces
Produced
2013 (YTD)*
5104
25.41
3838
2012
5957
18.01
2988
* Up to September 30, 2013
! 6:*=-%,*.3<",*#/*�%('+.*,%==#"+*/#"*+>3*0'(3
11
13. Long Section of Development Plans & Proposed Infrastructure1
•! Approximately 12,000 metres of pre-production development required
ahead of production (over 1,000 metres completed to date)
•! Targeted production in 2017 of at least 1,000 TPD in higher-grade
material and quickly scale up to higher throughput rates
Stope rate requirement for production
•! Planned mining method will be a combination of cut and fill long hole
stoping and transverse stoping. Examples: Primero Mining Corp.’s
San Dimas mine and Yamana Gold’s El Peñón mine.
Production rate
(tpd)
# Stope
Stope in
preparation
1,000
6
3
1,500
8
4
2,000
14
7
Veta Sur Ramp
610 metres Completed
Yaraguá Ramp
61 metres Completed
Dried Stacked Filtered Tailings
25.5 million tonne capacity
Higabra Valley Tunnel
600 metres Completed
Development completed
Development plan 2013
Development plan 2014
Proposed 6 km road
As at October 28, 2013
13
16. Buriticá: Geological Model
•! 22 square-kilometre area of interest
intruded by andesitic/ microdioritic
porphyries
•! High-grade carbonate base metal
gold vein deposits (CBM) feeding off
porphyries at depth
,/0()(.1+8$)0/'(4$'
C/*0.4
•! Mineral resource estimate is derived
only from Yaraguá and Veta Sur
targets
5*$+&#/')($
<*B*0()4
;*0*#/1
3")*+5/0
!*+>')"0*
!"#"$%
&$%"'()*'+,*'*-)(.*'
<($#/04+=40)2
&$%"'()*+,/0().1
?@('A4
,0".2*+34-.*$(*
5"%(6"$)*0(4
74$*-()*+,/0().1
<($#/04
,0".2*+,/0()(.1
8$)0/'(4$+&0"*
9/)/0"+8$:0*')0/.)/0"+
5()"
16
17. Buriticá: Yaraguá System Dimensions, Veins & Drill Intercepts
Yaraguá
System
•! 33 veins and growing
•! Lateral strike 900 metres and vertical strike 1,300 metres vs.
average resource vein dimensions of 550 metres by 500 metres
•! Open to the north, south, west and at depth
Yaraguá Mine
Portals
BUSY213 3.0 m @ 162.7 g/t Au & 41 g/t Ag
BUSY291 65.1 m @ 10.4 g/t Au & 9 g/t Ag
Incl 6.95 m @ 65.5 g/t Au & 33 g/t Ag
Tonusco
Fault Line
BUSY24 3.45 m @ 138.6 g/t Au & 35 g/t Ag
BUSY189 8.1 m @ 137.5 g/t Au & 23.6 g/t Ag
BUSY11 7 m @ 88.3 g/t Au & 155 g/t Ag
BUSY31 19.2 m @ 79.1 g/t Au & 70 g/t Ag
Drill Intercepts
Gold (g/t)
>100
30 – 100
10 – 30
100m
3 - 10
Vein System
Buriticá Intrusions
Level 1 Tunnel
Breccia Buriticá
Level 2 Tunnel
Breccia Intrusion-Sed
Level 3 Tunnel
Sediments
Proposed Underground
Development
Mafic Volcanoes
Veins
17
18. Buriticá: Yaraguá Long Section and Resource Block Model
!"#$%&'()*+)(,-.&'/0(
1&2$3'"&(,$4&0
23345#$
!"#$%&'&()$"*&+,-&./0&
*1&+,-&.+
Yaraguá Mineral Resource Estimate above a 3 g/t gold cut-off
2374!11
5*"#1%&'&)("(&+,-&./&
6)&+,-&.+
Resource
Grades
Metal
Au
(g/t)
Ag
(g/t)
Zn
%
Au
(oz)
Ag
(oz)
Zn
(lb)
310,000
28.2
70
1.4
280,000
700,000
9,500,000
Indicated
2,430,000
12.7
31
0.8
990,000
2,400,000
41,500,000
Total M&I
2,740,000
14.5
35
0.8
1,270,000
3,100,000
51,100,000
Inferred
',-..*)
Tonnes
Measured
!"#$%&$'($))*+
Category
8,100,000
8.9
31
0.7
2,320,000
8,000,000
131,600,000
Sourced from the technical report entitled “2012 Mineral Resource Estimate of the Buriticá Gold Project, Colombia”,
dated November 15, 2012 with an effective date of October 22, 2012, prepared by Mining Associates Pty Limited.
Calculations are based on 112,600 m of drilling and 2,332 m of underground channel samplings as at June 30, 2012.
5&6&0$78&.#(
9.4&':/;
2374)6$
8"($%&'&5$"6&+,-&./&
!5&+,-&.+&$")9&:;
/001
2374!85
*1"5$%&'&5$"6!&+,-&./&8&+,-&.+
2374!1(
6"1$%&'&!$")&+,-&./&5$!&+,-&.+
18
19. Buriticá: Yaraguá Underground Sampling
Gold (g/t)
1700m
>100
30 - 100
10 - 30
3 - 10
1-3
Level NV: 1.35m @ 49.7 g/t Au, 68 g/t Ag over 27m
Measured
Level 0: 1.79m @ 24.9 g/t Au, 46 g/t Ag over 200m
Indicated
1600m
Level 1: 1.45m @ 75.2 g/t Au, 405 g/t Ag over 57m
Inferred
Shaft:
1.33m @ 19.8 g/t Au
36 g/t Ag over 33m
Level 0
Level 1
1500m
Shaft:
1.28m @ 23.9 g/t Au
40 g/t Ag over 387m
Level 2A: 1.20m @ 16.3 g/t Au, 16 g/t Ag over 148m
Level 2
1400m
Level 2:
1.55m @ 23.4 g/t Au,
66 g/t Ag over 213m
Level 1:
2.10m @ 35.0 g/t Au,
12 g/t Ag over 224m
Shaft:
1.25m @ 30.3 g/t Au
44 g/t Ag over 51m
Level 3
Level 3:
0.41m @ 18.2 g/t Au,
over 37m
50m
19
21. Buriticá: Veta Sur System Dimensions, Veins & Drill Intercepts
Veta Sur
System
•! 25 Veins and Growing
•! Lateral strike 700 metres and vertical strike 1,300 metres vs.
average resource vein dimensions of 450 metres by 450 metres
•! Open to the North, South, West and at depth
BUSY291 6.5 m @ 49.8 g/t Au & 40 g/t Ag
Incl 3.5 m @ 89.2 g/t Au & 67 g/t Ag
BUSY299 36.1 m @ 12.6 g/t Au & 33 g/t Ag
Incl 2.15 m @ 82.3 g/t Au & 39 g/t Ag
BUSY079 14.3 m @ 446 g/t Au & 166 g/t Ag
BUSY131 17.9 m @113.82 g/t Au & 112 g/t Ag
BUSY023 5.9 m @ 52.42 g/t Au & 20 g/t Ag
BUSY107 1.2 m @ 150.95 g/t Au & 15 g/t Ag
Drill Intercepts
Gold (g/t)
>100
30 – 100
10 – 30
100m
3 - 10
Vein System
Buriticá Intrusions
Level 1 Tunnel
Breccia Buriticá
Level 2 Tunnel
Breccia Intrusion-Sed
Level 3 Tunnel
Sediments
Proposed Underground
Development
Mafic Volcanoes
Veins
21
22. Buriticá: Veta Sur Long Section and Resource Block Model
Veta Sur Mineral Resource Estimate above a 3 g/t gold cut-off
Resource
Grades
Metal
Category
Au
(g/t)
Ag
(g/t)
Zn
%
Au
(oz)
Ag
(oz)
Zn
(lb)
Measured
10,000
16.1
25
0.3
5,000
8,000
100,000
Indicated
!"#$%&'()*+)(,-.&'/0(
1&2$3'"&(,$4&0
Tonnes
990,000
11.3
47
0.2
360,000
1,500,000
4,700,000
1,000,000 11.4
47
0.2
370,000
1,500,000
4,800,000
5,230,000
37
0.2
1,430,000 6,200,000
24,900,000
Total M&I
Inferred
8.5
Sourced from the technical report entitled “2012 Mineral Resource Estimate of the Buriticá Gold Project, Colombia”, dated November 15,
2012 with an effective date of October 22, 2012, prepared by Mining Associates Pty Limited.
Calculations are based on 112,600 m of drilling and 2,332 m of underground channel samplings as at June 30, 2012.
()'*+,-,&.)/',012,34,
&*,012,30
5*)6+,-,7%)7,012,34,
67',012,30
!"
#$
%
&&
(+,-,/)7,012,34,%/,012,30,
5)6+,-,6*).,012,34,.,012,30,
56+,-,55)7,012,34,5(,012,30
!"
#$
%'
%
5)7%+,-,%')//,012,34,
&7)(,012,30
*)'*+,-,67)7,012,34,6.,012,30,*)(8,9:
*)'7+,-,%')5,012,34,%(,012,30
!""#
*)'7;,-,//)%,012,34,
%)6,012,30
6)'*+,-,55)./,012,34,
%/)5,012,30
22
24. Buriticá: Mineral Resource Estimate October 2012
Mineral resource estimate for the Buriticá project above a 3 g/t gold cut-off
Resource
Grades
Metal
Mineral resource estimate for the Buriticá project above a 4 g/t gold cut-off
Resource
Grades
Metal
Category
Tonnes
Au
(g/t)
Ag
(g/t)
Zn
%
Au
(oz)
Ag
(oz)
Zn
(lb)
Category
Tonnes
Au
(g/t)
Ag
(g/t)
Zn
%
Au
(oz)
Ag
(oz)
Zn
(lb)
Measured
320,000
27.8
69
1.4
290,000
700,000
9,500,000
Measured
290,000
30.5
75
1.4
280,000
700,000
9,100,000
Indicated
3,420,000
12.3
35
0.6
1,350,000
3,900,000
46,300,000
Indicated
2,890,000
14.0
39
0.7
1,300,000
3,600,000
41,500,000
Total M&I
3,740,000
13.6
38
0.7
1,640,000
4,600,000
55,800,000
Total M&I
3,180,000
15.5
42
0.7
1,580,000
4,300,000
50,600,000
Inferred
13,330,000
8.8
33
0.5
3,760,000
14,200,000
156,500,000
Inferred
10,000,000
10.5
34
0.6
3,390,000
10,900,000
122,000,000
D2()-0A!J)2C!/?0!/0-?8,-*4!)0>2)/!087/40A!K$"#$!<,80)*4!I0+2()-0!3+7C*/0!2J!/?0!L(),7-M!!@24A!=)2N0-/O!1242CP,*QO!A*/0A!R2S0CP0)!
#&O!$"#$!T,/?!*8!0U0-7S0!A*/0!2J!F-/2P0)!$$O!$"#$O!>)0>*)0A!P5!<,8,8V!W++2-,*/0+!=/5!.,C,/0AX!!
1*4-(4*728+!*)0!P*+0A!28!##$OY""!C!2J!A),44,8V!*8A!$OZZ$!C!2J!(8A0)V)2(8A!-?*8804!+*C>4,8V+!*+!*/!'(80!Z"O!$"#$X(
D2()-0A!J)2C!/?0!/0-?8,-*4!)0>2)/!087/40A!K$"#$!<,80)*4!I0+2()-0!3+7C*/0!2J!/?0!L(),7-M!!@24A!=)2N0-/O!1242CP,*QO!A*/0A!R2S0CP0)!
#&O!$"#$!T,/?!*8!0U0-7S0!A*/0!2J!F-/2P0)!$$O!$"#$O!>)0>*)0A!P5!<,8,8V!W++2-,*/0+!=/5!.,C,/0AX!!
1*4-(4*728+!*)0!P*+0A!28!##$OY""!C!2J!A),44,8V!*8A!$OZZ$!C!2J!(8A0)V)2(8A!-?*8804!+*C>4,8V+!*+!*/!'(80!Z"O!$"#$X(
•! Average domain dimensions used in mineral resource estimate model versus actual dimensions (strike length x vertical metres):
!!
!!
!!
Each individual vein estimated using hard boundaries, which prevents grade smearing between veins
Yaraguá – 550 metres x 500 metres vs. 900 metres x 1300 metres
Veta Sur – 450 metres x 450 metres vs. 700 metres x 1300 metres
•! NI 43-101 Mineral Resource estimated using ordinary kriging with hard boundaries around each vein
!!
!!
Influence of high grade constrained in both Yaraguá and Veta Sur systems
Less than 5% variance in total ounces when validated against inverse distance squared and nearest neighbour
•! Top cut, 97th percentile:
!! on average the top 3% of highest grade assays received a top cut
!! each of the 58 veins in the estimate had its own specific top cut based on the individual statistics of each vein
•! Both systems remain open along strike and at depth
•! Current mineral resource estimate excludes a number of veins in each systems which had limited drilling
24
25. Buriticá: Geological Model and Exploration Targets
•! Seven exploration targets have
been generated by geophysics and
systematic soil geochemistry
•! Mineral resource estimate is derived
only from Yaraguá and Veta Sur
vein deposits
,/0()(.1+8$)0/'(4$'
C/*0.4
•! Currently drilling new vein systems
at La Estera and San Agustin
5*$+&#/')($
•! Drilling will begin at the Pinguro and
Obispo vein targets in H1 2014
<*B*0()4
;*0*#/1
3")*+5/0
!*+>')"0*
!"#"$%
&$%"'()*'+,*'*-)(.*'
<($#/04+=40)2
&$%"'()*+,/0().1
?@('A4
,0".2*+34-.*$(*
5"%(6"$)*0(4
74$*-()*+,/0().1
<($#/04
,0".2*+,/0()(.1
8$)0/'(4$+&0"*
9/)/0"+8$:0*')0/.)/0"+
5()"
25
31. What Sets Buriticá Apart?
Why Buriticá ?
43#.'$&-#.53+&
6.3%'3*"/
!"#$%&"'(&)*$+,$#"(%&
-./(&0%1.2*32
:&;('84'<$7&=$28'*(>&%8&'$
372$43%0&4'$(;&7$87$311$
28%&*48(7'
!"#$%&'()%*&'$(+$,-.$!$(/$(+$
0(12$34$,5-.$064$372$87+&%%&2$
%&'()%*&'$(+$5-9$!$(/$(+$0(12$
34$9-9$064
=<323"'(*'$&
>%3"//<#$*9"/&?%9.@%#*%2
789%//%'3&
:';#"23#<93<#%
A(3%'&$+%&&$0(12$372$'81>&%
?(32<$0%82$;(=&%<$=34&%$372$
13@()%$3>3813@1&$34$'84&
“The Mining Associates mineral resource
model for the Yaraguá and Veta Sur vein
systems is well constrained geologically and
conservative in its estimations. I am confident
in the results which are reinforced by more
recent drilling. The gold and silver resource
estimates in both systems are likely to grow
substantially from infill and step-out drilling
and mineral resource confidence levels will
increase with planned underground drilling.
Exploration of other (to-date largely untested
by drilling) targets will likely contribute to
realizing additional multimillion ounce
precious metal potential of Continental’s
broader Buriticá project.”
Dr. Vic Wall, Special Advisor,
Continental Gold Limited
Source: October 1, 2012 press release
(
31
32. Berlin: Overview
•! 26,421 ha, 100%-owned
o! 22,851 ha registered
o! 2,203 ha pending
registration
'"($%&
!"#"$$%&
!"#"$%&'
o! 1,367 ha pending
application
•! Located 90 km NNE of
Medellín in the
Department of Antioquia
•! Large-scale
mesothermal gold vein
system
•! 11 km of mineralized
strike to test
•! Phase I drill program to
commence in near future
32
33. Berlin: History
•! Berlin Mine operated 1930 – 1946
•! Produced between 400,000 and 700,000 oz Au
•! Production from 20m thick lens
•! Production grade @ 16 g/t Au
•! Historical Au recoveries of 94%
L0)4,8!C,8,8V!2>0)*728!-,)-*!#_b$!
892767(+%3(5":(1*+,"(;7<$&"'(=>(?73"(@753(A1%"(1%(
B757*-1+CD(E%,1%""$1%,(F(A1%1%,(G7<$%+5D(>9$15(HIJKL(
L0)4,8!C,8,8V!2>0)*728!-,)-*!#_b$!
892767(+%3(5":(1*+,"(;7<$&"'(=>(?73"(@753(A1%"(1%(B757*-1+CD(
E%,1%""$1%,(F(A1%1%,(G7<$%+5D(>9$15(HIJKL(
33
34. Berlin: Geochemistry
N
754,3.5$
#cC!
Berlin vein with abundant stringers of host black schist
803-.6$
Approximately 5 metres
9-$
:356;,-$
Gold Assay
Results (g/t)
>30
10"30
5"10
3"5
1"3
0.5"1
<0.5
Tonalite
Gneiss
Carbonaceous Pelites
Non Carbonaceous Pelites
Quartz sericitic schists
Vein
Fault
License
Sample Type
Stream Sample
Rock Sample
Soil Sample
34
35. Berlin: Large-scale Veins Longitudinal Section
Historical prospects, soil and rock chip gold:
11+ kilometres of strike length, 1,500 vertical metres
Mined ore bodies
413,000 ounces of gold production
Metres
La Lluvia Mine
El Pescaito
Berlin Mine
El Rosario Mine
N
S
Historical mine levels
!
!
LEGEND
Historical mined-out areas
+10 g/t Au mineralization
35
37. Dominical
•! 24,066 ha 100%-owned
o! 5,590 ha registered
o! 17,057 ha pending
registration
o! 1,419 ha pending
applications
•! Located 50 km southwest
of Popayan in Cauca
Department in
southwestern Colombia
•! Historical prospects, soil
and rock chip sampling
•! Vein gold-silver systems
with strike extents of 400 –
1,700 metres
!"#$%&'())*+',%)-#.)'/01.2
!"###
$##%&%"###
•! Similarities with Buriticá,
Titiribi
"##%&%$##
"#%&%"##
'"#
()*+,-%(,-./+
0123%(,-./+
4//567,/%,89%:158;%<1/2,872%=+.1>7)>
?712+8+%,89%@8)+*-+97,)+%@8)*5>718%
A+*)7,*B%<1/2,872>%C%@8)*5>76+%D1-./+E
A+*)7,*B%(7/7272/,>)72>
D*+),2+15>%(+97-+8)>
F,/,+1G172%?+),>+97-+8)>
H72+8>+
I7>)1*72,/%?78+CF*1>.+2)
37
39. Why Colombia?
•!
Best investor protection in Latin America and 6th worldwide
(World Bank 2013)
•!
•!
•!
•!
•!
•!
•!
•!
3rd friendliest business destination and leading reforming
country in Latin America (Doing Business 2013 – World Bank)
3rd largest economy in South America in 2012 (GDP US$500
billion) (IMF 2013)
GDP growth of over 4% in 2012; fixed in a range between
3-5% for 2013 and 2014 (Colombia Central Bank 2013)
Mine royalties to government of 3.2%
US$8.8 billion infrastructure investment through 2012
Received approximately US$16 billion in foreign direct
investments (FDI) (4.3% of GDP), predominantly in oil and
mining sectors, by the end of 2012 – 3rd largest recipient of
FDI in Latin America and the Caribbean (CEPAL)
Expected to attract $2.1 billion in gold-related investments by
2015
227,000 direct jobs generated by the mining industry in 2010
(DANE)
•!
•!
Numerous Free Trade Agreements, including with Canada
and the United States, and working with Mexico, Chile and
Peru to develop a Pacific trade alliance
Economy forecast to grow 4.1% in 2013 and 4.5% on
average from 2014-2018 (U.S. Department of Commerce –
International Trade Administration)
•!
•!
•!
Foreign debt rating raised in 2013 to BBB (Standard and Poor’s)
28th largest economy in the world and one of the largest nonOECD economies (EIU 2012)
2nd most promising market for investment in Latin America
over the next 3 years (North American and European Investor
Opinions of Latin American Companies, J.P. Morgan 2011)
“On a flat which is on
top of the mountain,
there was a great town
with large houses, all
belonging to the miners,
who collected rich gold.
The Indian chiefs have
their houses there, and
would take as tribute
from the Indians large
quantities of gold. We
saw there the outcrops
of the mines which they
worked and the sluice
boxes with which they
carried it out.”
Pedro Cieza de Leon,
referring to Buriticá, 1539
39
40. Commitment to Buriticá Region
•! Continental Gold sees the
contribution to development of the
communities as a shared
responsibility with the objective of
improving the quality of life for our
employees, their families and the
immediate community.
•! Our corporate social responsibility
programs focus on the following
key areas of socio-economic
development:
!!
!!
!!
!!
!!
Youth
Education and Literacy
Health and wellness
Community development
Environment
b"!
41. Buriticá: Resource Categories and Grade Tonnage Charts
Measured
Yaraguá and Veta Sur Measured and Indicated
•! Maximum of 8 informing vein composites
•! Kriging variance in less than 50% of the maximum
•! Distance to the nearest informing sample is less then 10 metres
•! At least 8 informing vein composites clustered within a
contiguous 10 metres distance zone, or drives or rises at least 8
face samples within a contiguous 10 metres distance zone
Indicated
•! The maximum of 8 informing vein composites
Sourced from the technical report entitled “2012 Mineral Resource Estimate of the Buriticá Gold Project, Colombia”,
dated November 15, 2012 with an effective date of October 22, 2012, prepared by Mining Associates Pty Limited.
•! Distance to the nearest informing sample is less than 25 metres
•! At least 3 informing vein composites clustered within a
contiguous 25-metre distance zone
'
Yaraguá and Veta Sur Inferred
Inferred
•! Minimum of 3 informing vein composites
•! Distance to the nearest informing sample less than 50 metres
•! At least 2 informing vein composites clustered within a contiguous
50-metre distance zone
•! Some additional areas included at depth where geological continuity
is good but drilling is sparse, must have at least one informing sample
within the maximum search range of 200 metres
'
Sourced from the technical report entitled “2012 Mineral Resource Estimate of the Buriticá Gold Project, Colombia”,
dated November 15, 2012 with an effective date of October 22, 2012, prepared by Mining Associates Pty Limited.
b#!
44. Analyst Coverage
GMP Securities
George Albino
galbino@gmpsecurities.com
TD Securities
Daniel Earle
daniel.earle@tdsecurities.com
Speculative Buy; $9.00
Clarus Securities
Jamie Spratt
jspratt@clarussecurities.com
Speculative Buy; $8.50
Dundee Securities
Laurie Curtis and
Joseph Fazzini
llcurtis@dundeesecurities.com
jfazzini@dundeesecurities.com
BMO Capital Markets
Brian Quast
brian.quast@bmo.com
CIBC World Markets
Jeff Killeen
jeff.killeen@cibc.ca
RBC Capital Markets
Dan Rollins
dan.rollins@rbccm.com
Scotia Capital Inc.
Mike Hocking
mike.hocking@scotiabank.com
Buy; $10.00
Buy; Speculative Risk; $6.50
Outperform; $5.75
Sector Outperform; $5.50
Outperform; $5.25
Sector Perform; $4.00
Continental Gold is followed by the analysts listed above. Note that any opinions, estimates or forecasts regarding the Company made by these analysts are the analysts' opinions and do not
represent opinions, estimates or forecasts of the Company or its management. Continental Gold does not imply endorsement by the analyst coverage referenced above.
44
47. Aiming to be
the Newest Hard Rock
Gold Producer in Colombia
Investor Relations
+1.416.583.5610
info@continentalgold.com
TSX:CNL
OTCQX:CGOOF
#Preliminary mine plan and start date based on indicative timeline which is dependent on, among other things, continued exploration success, environmental
and board approvals, completing a positive feasibility study and the determination that the deposit is economically viable.
!
January 02, 2014