Continuum Commences Drilling at its 100% Owned Tres-Hermanas Project
February 12, 2008 - Vancouver, B.C.: Dale Schultz, Vice President Exploration of Continuum Resources Ltd. (TSXV: CNU; FRG: CQ7) is pleased to announce that drilling has commenced on the Company's 100% owned Tres-Hermanas project in Oaxaca State, Mexico. The first phase of drilling will focus on delineating the subsurface continuity of the Ag-Pb-Zn halo mineralization, and the mineralized San Sebastian vein. Assay results for the San Sebastian vein and surrounding mineralized halo were previously released on February 4, 2008. A map illustrating the locations of proposed
drill holes can also be viewed at: http://www.continuumresources.com/eng/projects/treshermanas.asp.
"This represents an exceptional achievement on the part of staff, management and our consultants" states Dale Schultz, Continuum's Vice President of Exploration. "Management only agreed to the commissioning and construction of the man-portable drill on December 5, 2007, and to have it turning the second week of February speaks highly of the Company's technical and management teams".
Background
Continuum currently owns 7 separate gold-silver projects in the state of Oaxaca, Mexico, comprising approximately 125,000 hectares. Continuum is also 24% joint venture partner with Fortuna Silver Mines Inc. (TSXV: FVI) on the San Jose silver project, on which drilling continues to expand on the resource estimate previously announced by the Company on March 12, 2007.
On Behalf of the Board of Directors of
CONTINUUM RESOURCES CORP.
Per: "Dale Schultz"
Dale Schultz, Vice President Exploration
Renmark Financial Communications Inc.
Barry Mire : bmire@renmarkfinancial.com
Dan Symons : dsymons@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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Continuum Resources Ltd.
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PRODUCER |
CODE : CNU.V |
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Continuum is a silver and gold producing company based in Canada. Continuum holds various exploration projects in Mexico. Its main asset in production is SAN JOSE PROJECT in Mexico and its main exploration properties are LA PREDILECTA, NINO PERDIDO, TALEA, LACHATAO, TERI, LACHIGUIRI, NATIVIDAD and TAVICHE in Mexico and RICHARDSON LAKE in Canada. Continuum is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.6 millions as of today (US$ 4.4 millions, € 3.5 millions). Its stock quote reached its highest recent level on December 31, 2003 at CA$ 1.20, and its lowest recent point on October 24, 2008 at CA$ 0.01. Continuum has 124 038 000 shares outstanding. |