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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PRODUCTEUR |
CODE : CNU.V |
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Continuum est une société de production minière d'argent et d'or basée au Canada. Continuum détient divers projets d'exploration au Mexique. Son principal projet en production est SAN JOSE PROJECT au Mexique et ses principaux projets en exploration sont LA PREDILECTA, NINO PERDIDO, TALEA, LACHATAO, TERI, LACHIGUIRI, NATIVIDAD et TAVICHE au Mexique et RICHARDSON LAKE au Canada. Continuum est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 5,6 millions CA$ (4,4 millions US$, 3,5 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2003 à 1,20 CA$, et son plus bas niveau récent le 24 octobre 2008 à 0,01 CA$. Continuum possède 124 038 000 actions en circulation. |