Continental Gold gets approval to build transmission line for Buriticá project

27 July 2016 (Last Updated July 27th, 2016 18:30)

Continental Gold has obtained an environmental licence for construction of a transmission line to power its proposed underground mine at the Buriticá Project in Colombia.

Continental Gold has obtained an environmental licence for construction of a transmission line to power its proposed underground mine at the Buriticá Project in Colombia. 

The licence was approved by Corpouraba, a regional autonomous environmental authority in Antioquia.

Continental’s 100%-owned Buriticá project is located in the middle Cauca belt.

The 110kV electrical transmission line will come from an EPM substation in Chorodó and cover a distance of 31.09km, connecting with Continental’s substation at the project. 

"The project covers an area of 61,784ha."

Design of the transmission line is in accordance with environmental protocols in order to limit impacts that could be generated on abiotic, biotic and socio-economic environments.

Continental's environmental impact assessment has also incorporated necessary measures to reduce and compensate all environmental impacts that would be identified during preparation of the studies.

The project covers an area of 61,784ha in the Antioquia Department and consists of two major vein systems.

Following a feasibility study, it has been demonstrated that the Buriticá project will be a lowest quartile cost producer and an economical gold mine.

The mine's construction phase is expected to employ more than 1,200 people at peak time.

Continental Gold has a portfolio of 100%-owned gold projects in Colombia and was formed in April 2007.