Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en
Continental Precious Minerals Completes Resource Estimate On Lill-Juthatten Licence
Published : March 04, 2011

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter
Mots clés associés :   Uranium |

TORONTO, ONTARIO--(Marketwire - March 4, 2011) - Continental Precious Minerals Inc. (News - Market indicators) (the "Company" or "Continental") announced today that an NI 43-101 compliant mineral resource has been estimated on the 100% owned Lill-Juthatten Licence, located in northern Sweden.

The Lill-Juthatten uranium deposit is located approximately 600 kilometres northwest of Stockholm at an elevation of about 700 metres above sea level, in an area close to the Norwegian border.

The Lill-Juthatten Licence is an advanced stage exploration prospect with gridded, resource definition drilling having been carried out in the late 1970s and early 1980s by the Sveriges Geologiska Undersökning or the Geological Survey of Sweden (the "SGU") and associated state companies. Uranium mineralization occurs in the form of pitchblende disseminated in granite, and occasionally up to 5 millimetre joint filling in a breccias/fault zone. P&E Mining Consultants Inc., G.A. Harron & Associates Inc. and MPH Consulting Limited prepared the updated mineral resource estimate in compliance with National Instrument 43-101. The updated mineral resource estimate is summarized in the table below, and it is significant that 93% of the total resource is classified as Indicated.

Lill-Juthatten Mineral Resources at a 0.035% U Cut-Off Grade
Lill-Juthatten Resources
    Indicated   Inferred
tonnes   855,000   67,000
U3O8(%)   0.237   0.204
U3O8(lbs/ton)   4.74   4.08
Lbs U3O8   4,470,000   300,000
   
(1) Mineral resources, which are not mineral reserves, do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues.
(2) The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category.
(3) The mineral resources in this news release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council.

"It is important to note that in addition to our flagship property, MMS Viken, we have several other high potential properties like Lill-Juthatten," said Ed Godin, President and CEO. "It is one of several hard-rock uranium targets we have. All have been drilled previously by the SGU and have resource estimates that can be confirmed and further defined."

The key assumptions, parameters and methods used to estimate the mineral resource are as follows:

The resource estimate is effective as of March 1, 2011 and takes into account the results from a total of 91 holes drilled by the SGU in the late 1970s and early 1980s (13,245 metres) and two holes drilled by Continental (approximately 400 metres) on the Lill-Juthatten deposit. The spacing of the drill holes is nominally 25 metres. The deposit has a strike length of 300 metres and a down dip extension of 135 metres. Average width is approximately 15 metres but some sections of mineralization exceed 50 metres.

P&E Mining Consultants Inc. calculated the updated open pit mineral resource estimate using an average internal cut-off grade of 0.035%U based on processing costs of US$30 per tonne, process recovery of 90%, G&A costs of US$10 per tonne and mining costs of US$5 per mineralized rock tonne and US$4 per waste rock tonne. The uranium price used in the estimate was US$55.00 per pound U3O8, which is equivalent to US$65 per pound U. Block model grades were interpolated with the inverse distance squared (1/d2) method from one metre composites derived from U assays capped at 3%U. Potentially economic resources were contained within a conceptual optimized pit shell with 50-degree slopes.

Due diligence sampling of historical core was undertaken in January 24-29, 2011 in order to validate the analytical data supplied by the SGU. Neutron activation analysis was conducted by Studsvik Energiteknik AB, between 1977-1983 and original laboratory certificates were available for assay data capture. Fourteen verification samples were taken and analyzed by ALS Chemex in Vancouver. The ALS Chemex results are in good agreement with the original neutron activation analyses and confirm the presence and grade of uranium mineralization at Lill-Juthatten. The quality of historical analytical data is therefore assumed to be good, based on the results of verification sampling and the reputation of the SGU.

The Lill-Juthatten licence was initially granted on March 3, 2005 and was renewed on March 3, 2008 for an additional three-year term, which ended on March 3, 2011. Continental filed a renewal application in February 2011. Given the large backlog of applications being handled by the Swedish Inspectorate of Mines, Continental believes that the renewal will not be received by Continental for at least four months. Continental has no reason to believe that the renewal will not be granted.

Gerald A. Harron, P.Eng. of G.A. Harron & Associates Inc., together with Eugene Puritch, P.Eng. of P&E Mining Consultants Inc. and Michele Cote, P. Geo. of MPH Consulting Limited, each an independent Qualified Person under National Instrument 43-101, are responsible for the technical disclosure contained in this news release. Mr. Harron and Mr. Puritch have also verified the data disclosed in this news release. A National Instrument 43-101 compliant technical report containing the updated resource estimate authored by Messrs Harron and Puritch and Ms. Cote will be filed on SEDAR (www.sedar.com) before the end of March 2011.

About Continental Precious Minerals Inc.

Continental Precious Minerals Inc. is a multi-mineral exploration company with multiple interests and exploration licences in Sweden. Since March 2005, Continental's primary goal has been to advance its Swedish assets. The Company is also evaluating other opportunities as they emerge in current market conditions.

Cautionary Statement Regarding Forward-Looking Statements

The indicated and inferred resource estimates contained in this news release are estimates only and are not equivalent to reserves and do not mean that the mineral resource can be economically mined. This news release also contains forward-looking statements regarding the Company's expectation that the technical report supporting the disclosure contained in this news release will be completed and filed before the end of March 2011 and the Company's expectation that the Lill-Juthatten licence will be renewed. Actual developments may differ materially from those contemplated by these statements because the Company must rely on the independent qualified persons referred to in this news release to prepare the technical report and must rely on the Swedish Inspectorate of Mines to grant the renewal. Reference is also made to those factors discussed in the Company's disclosure documents filed on SEDAR (www.sedar.com). The forward-looking statements contained in this news release represent the Company's views and expectations as of the date of this release and should not be relied upon as representing its views and expectations at any subsequent date.

For more information, please contact

Continental Precious Minerals Inc.
Ed Godin
President
(416) 805-3036
(905) 276-4862 (FAX)
godine@rogers.com
or
TMX / Equicom
Craig MacPhail
(416) 815-0700, ext. 290
cmacphail@equicomgroup.com

Continental Precious Minerals Inc.

EXPLORATEUR
CODE : CZQ.TO
ISIN : CA2119061026
CUSIP : 211906 10 2
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Continental Precious Min. est une société d’exploration minière de nickel et de palladium basée au Canada.

Continental Precious Min. détient divers projets d'exploration en USA, au Canada et en Suede.

Ses principaux projets en exploration sont MMS VICKEN et ABBORRVIKEN en Suede, CRATER OF DIAMONDS STATE PARK en USA et LAC ROCHER au Canada.

Continental Precious Min. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 4,3 millions CA$ (3,4 millions US$, 3,0 millions €).

La valeur de son action a atteint son plus bas niveau récent le 14 novembre 2008 à 0,23 CA$, et son plus haut niveau récent le 15 janvier 2010 à 8,82 CA$.

Continental Precious Min. possède 11 706 896 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Nominations de Continental Precious Minerals Inc.
23/07/2013Announces Resignation of Director
19/03/2013Announces the Appointment of Rana Vig to Its Board of Direct...
01/11/2012-Board Resignation
Projets de Continental Precious Minerals Inc.
31/03/2011(Lilljuthatten)Files NI 43-101 Technical Report on Lill-Juthatten Licence i...
18/03/2011(Mms Vicken)Announces Update on Metallurgical Testing of MMS Viken Sampl...
Communiqués de Presse de Continental Precious Minerals Inc.
15/10/2014Continental Precious Minerals Inc. Announces Results of Annu...
18/08/2014IIROC Trade Resumption - CZQ
18/08/2014IIROC Trading Halt - CZQ
14/05/2014Continental Precious Minerals Completes Flow-Through Financi...
14/04/2014Boxxer options DOK property in NW British Columbia
14/04/2014Continental Signs Option Agreement with Boxxer Gold Corp.
08/04/2014Continental Precious Minerals Inc. Completes Share Consolida...
30/10/2013-Litigation Update
30/07/2013Litigation Update
31/05/2013CEO and Former Director Seeks Golden Parachute Payment
17/04/2013February 28, 2013 Results
03/04/2013Releases Additional Assays From Viken
15/01/2013November 30, 2012 Results
23/10/2012on Metallurgical Testwork on Continental Precious Minerals' ...
02/08/2012Bioleaching Tests Commence on Continental Precious Minerals'...
23/05/2012Announces Dismissal of Application by Dissident Group
05/03/2012Update on Reduction of Net Profits Royalty Interest
27/02/2012Reduction of Net Profits Royalty Interest
22/02/2012Corporate Update
16/01/2012Shareholder Update
14/07/2011Granted 14 Additional Exploration Licences in Southern Swede...
24/06/2011Enters Into Land Lease at Its MMS Viken Licence in Sweden
20/04/2011Extends Compensation Options
04/03/2011Completes Resource Estimate On Lill-Juthatten Licence
23/02/2011Provides Corporate Update
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TORONTO (CZQ.TO)
0,370+37.04%
TORONTO
CA$ 0,370
30/06 12:59 0,100
37,04%
Cours préc. Ouverture
0,270 0,370
Bas haut
0,370 0,370
Année b/h Var. YTD
 -  -
52 sem. b/h var. 52 sem.
- -  0,370 -%
Volume var. 1 mois
41 500 -%
24hGold TrendPower© : -2
Produit
Développe
Recherche Molybdenum - Nickel - Uranium - Vanadium
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Dernière mise à jour le : 22/12/2010
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
8,07 AU$+0,31%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,98 AU$-0,50%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,83 AU$+0,26%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
0,51 US$+1,79%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,70 GBX-2,08%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,04 CA$+0,00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
3,59 CA$-0,28%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
10,24 CA$+4,23%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,29 CA$+0,00%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,16 AU$+3,13%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,76 CA$+1,15%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
71,16 US$+3,57%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,05 AU$+0,00%Trend Power :