Continental Tests Important Resistance as Final Permits Imminent

We have been all over Continental Gold (CNL.TO) during 2015 and our persistence has rewarded readers who paid attention. Despite a relatively lackluster junior gold sector shares of CNL have performed superbly with a 35%+ gain year-to-date:



CNL carved out a head & shoulders bottom pattern between February and April of this year – the breakout above the neckline took place last week and the rally really ramped up on volume this week. The $2.60-$2.80 support/resistance layer is a huge test due to this being the level from which CNL broke down in late-October and has since retested on 3 different occasions. Will the 4th time be the charm?…

Continental released an updated corporate presentation yesterday in which the company updated its timeline on the Buriticá Project and offered much more in-depth slides on the project’s infrastructure and geology. The following slide helps to illustrate the slate of news that investors can expect over the coming months: