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Continuum Resources Ltd.

Publié le 04 février 2008

Delineates 31.20 Metres of Footwall and Hangingwall Ag-Pb-Zn Halo Mineralization at its 10

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Mots clés associés :   Fortuna | G Mexico |

CONTINUUM DELINEATES 31.20 METRES OF FOOTWALL AND HANGINGWALL AG-PB-ZN HALO MINERALIZATION AT ITS 100% OWNED TRES-HERMAMAS PROJECT; REPORTS SIGNIFICANT SILVER AND MOLYBDENUM VALUES FROM THE SAN SEBASTIAN VEIN

February 4th, 2008 - Vancouver, B.C.: Dale Schultz, Vice President Exploration of Continuum Resources Ltd. (TSXV:CNU) is pleased to announce results of the December 2007 chip sampling and trenching work obtained from footwall and hangingwall mineralization of the San Sebastian vein on the Company's 100% owned Tres-Hermanas project in Oaxaca State, Mexico. A map illustrating the locations of the samples and proposed holes can be viewed at http://www.continuumresources.com/. A list of all samples is appended to the end of this release

HALO RESULTS

Continuous chip channel samples of 1.0 metre intervals were taken on the footwall and the hangingwall of the Ag-Pb-Zn San Sebastian vein adjacent to the entrance to the lowest adit (Adit #1) of five adits previously driven on the San Sebastian vein. Sampling from the hangingwall returned 15.2 metres of 79.76 g/t Ag, 4.12% Pb, 1.02% Zn, 0.29% Cu, 0.010% Mo. Footwall sampling returned an interval of 16.0m of 37.06 g/t Ag, 0.25 % Pb, 1.68% Zn, 0.10% Cu, and 0.003 % Mo. This sampling defines a mineralized halo with an aggregate width of 31.20 metres around the polymetallic vein with a weighted average of 57.86 g/t  Ag, 2.14 % Pb, 1.36 % Zn, 0.19 % Cu and 0.007 % Mo. Trenching conducted north-east of the hangingwall chip channels returned 7.00 metres of 208.57 g/t Ag, 2.63% Pb, 0.60% Zn, 0.03% Cu and 0.070% Mo, whereas trenching west of the footwall returned values of 6.00 metres of 65.58 g/t Ag, 0.90% Pb, 1.79% Zn, 0.13% Cu, and 0.004% Mo. Both the trenching and the chip channel samples have collectively exposed the halo over 40 metres in plan view.

The Company is currently preparing to conduct a surface diamond drill program at the Tres-Hermanas property.  Proposed drill holes 3H-001 and 002 are designed to test the full extent of the halo mineralization in the sub surface. The man-portable drill, purchased in December of 2007, is at the drop zone at the Tres-Hermanas project and drilling is expected to commence in one week.

SAN SEBASTIAN VEIN RESULTS

In addition to the halo mineralization, the first 50 metres of the San Sebastian vein was sampled at Adit level #1. Very high grade silver values were returned highlighted by the tunnel entrance returning 764.53 g/t Ag over 1.5 metres. One sample from this composite, consisting of the semi-massive sulphide vein material, returned a value of 1440 g/t Ag over 0.65 metres. In addition to high-grade silver, the vein also returned values of 10.36 % Pb, 1.20% Zn, 0.16% Cu, and 0.100% Mo. Of significant interest in this sampling program was a number of high-grade Mo samples, highlighted by a composite of 0.32% Mo over 1.65 metres.

Only the first 50 metres of the tunnel could be sampled as the balance of the workings have collapsed and were inaccessible for sampling. Proposed holes 3H-001 and 002 in addition to testing the halo mineralization will also test the subsurface continuity of the San Sebastian vein.

The San Sebastian vein consists of a polymetallic Pb-Ag-Zn vein oriented north-east south-west, having a known strike length of 500 meters, a down dip extension of 200 plus metres, and dipping 65 to 70 degrees to the south-east. Historical data obtained by the Company has been compiled, plotted and analysed. In a document obtained by the Company titled "Report on the Las Hermanas Mine, San Sebastian, Rio Dulce, Oaxaca, Mexico." James Wroth in 1926 estimated the grade at 8.24 oz/t Ag, 4.67 % Pb and 10.77 % Zn on San Sebastian vein. This data IS NOT compliant with the standards set out by the CIM or with National Instrument 43-101, and should be viewed as historical in nature.

Both the halos mineralization and the San Sebastian vein remains untested by diamond drilling and are open along strike and to depth.

All exploration activities conducted in Oaxaca State, Mexico are under the supervision of Continuum's Exploration Manager, Alex Cruz.

The Qualified Person for this project, under the definition established by National Instrument 43-101, is Dale Schultz, P.Geo., Vice President - Exploration for Continuum Resources Ltd.  He is also the Managing Director and Chief Consultant of Buscore International Consulting.  Mr. Schultz has reviewed the contents of this release for accuracy and compliance with regulatory requirements.

ALS-Chemex in North Vancouver, B.C, conducted geochemical analyses on all samples.

Background

Continuum is actively exploring 9 separate gold-silver projects in the state of Oaxaca, where Continuum has acquired approximately 166,000 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.

Halo - Hanging Wall Sample Results

SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

42910

43.00

0.80

0.25

0.09

0.000

1.00

42911

50.00

2.33

0.32

0.17

0.001

1.00

42912

253.00

3.18

0.92

1.00

0.002

1.00

42913

63.00

5.49

0.37

0.10

0.002

1.00

42914

76.00

5.33

0.41

0.18

0.002

1.00

42915

113.00

10.05

0.40

0.19

0.002

1.00

42916

165.00

3.54

0.61

0.86

0.001

1.00

42917

91.00

7.66

0.73

0.35

0.001

1.00

42918

68.00

6.18

0.96

0.15

0.003

1.00

42919

62.00

2.62

0.74

0.11

0.006

1.00

42920

58.00

6.29

1.00

0.19

0.002

1.00

42921

50.00

5.78

2.69

0.18

0.001

1.00

42922

52.00

2.35

2.82

0.25

0.001

1.00

42923

11.00

0.39

2.46

0.09

0.001

1.00

45003

47.00

0.67

0.81

0.38

0.083

0.30

45004

48.00

0.42

0.71

0.46

0.151

0.90

Composite

79.76 g/t

4.12%

1.02%

0.29%

0.010%

15.20 m

SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

42940

113.00

1.04

7.29

0.06

0.008

1.00

42941

111.00

0.60

1.70

0.31

0.004

1.00

42942

43.00

0.54

0.41

0.11

0.001

1.00

42943

103.00

3.01

0.68

0.17

0.011

1.00

42944

2.50

0.02

0.26

0.02

0.000

1.00

42945

21.00

0.24

0.42

0.12

0.001

1.00

Composite

65.58 g/t

0.90%

1.79%

0.13%

0.004%

6.00 m


Halo - Footwall Sample Results

SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

42924

103.00

1.10

1.54

0.08

0.018

1.00

42925

47.00

0.43

2.73

0.09

0.015

1.00

42926

11.00

0.05

3.21

0.10

0.000

1.00

42927

8.00

0.02

1.98

0.05

0.001

1.00

42928

20.00

0.02

0.94

0.10

0.001

1.00

42929

7.00

0.02

0.61

0.11

0.000

1.00

42930

32.00

0.03

0.39

0.24

0.000

1.00

42931

21.00

0.01

0.51

0.15

0.000

1.00

42932

35.00

0.20

1.07

0.09

0.001

1.00

42933

75.00

0.61

2.46

0.14

0.001

1.00

42934

39.00

0.11

1.52

0.15

0.001

1.00

42935

40.00

0.20

0.96

0.09

0.002

1.00

42936

29.00

0.23

1.12

0.07

0.002

1.00

42937

36.00

0.19

3.46

0.08

0.001

1.00

42938

34.00

0.37

1.71

0.06

0.003

1.00

42939

56.00

0.33

2.66

0.06

0.002

1.00

Composite

37.06 g/t

0.25%

1.68%

0.10%

0.003%

16.00 m


SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

44883

17.00

0.24

0.19

0.02

0.002

1.00

44884

43.00

0.80

0.28

0.03

0.016

1.00

44885

27.00

0.65

0.26

0.04

0.021

1.00

44886

189.00

2.07

0.23

0.05

0.022

1.00

44887

426.00

4.30

1.31

0.03

0.079

1.00

44888

462.00

7.40

1.19

0.04

0.187

1.00

44889

296.00

2.93

0.75

0.04

0.141

1.00

Composite

208.57 g/t

2.63%

0.60%

0.03%

0.070%

7.00 m


SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

42902

45.00

0.63

0.24

0.06

0.007

0.70

42903

9.00

0.07

4.32

0.13

0.001

1.00

42904

24.00

0.25

1.41

0.05

0.012

1.50

Composite

34.77 g/t

0.40%

3.00%

0.11%

0.010%

2.20 m


SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

44890

14.00

0.21

2.62

0.11

0.003

1.00

44891

43.00

0.41

1.31

0.18

0.004

1.00

44892

43.00

0.52

1.48

0.06

0.014

1.00

44893

29.00

0.40

1.23

0.07

0.011

1.00

44894

33.00

0.43

0.46

0.06

0.003

1.00

44895

16.00

0.36

0.21

0.05

0.008

1.00

44896

15.00

0.07

0.21

0.04

0.012

1.00

44897

13.00

0.03

0.16

0.04

0.014

1.00

Composite

25.75g/t

0.31%

0.96%

0.07%

0.010%

8.00 m


Halo - Aggregate Weighted Average

Trench

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

FW

37.06

0.25

1.68

0.10

0.003

16.00

HW

79.76

4.12

1.02

0.29

0.010

15.20

Composite

57.86

2.14

1.36

0.19

0.006

31.20


San Sebastian Vein  - Adit #1

SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

45001

248.00

0.78

1.92

0.16

0.013

0.85

45002

1440.00

22.90

0.28

0.16

0.211

0.65

Composite

764.53 g/t

10.36%

1.20%

0.16%

0.100%

1.50 m


SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

45005

753.00

5.34

22.10

0.11

0.667

0.75

45006

33.00

0.34

0.46

0.09

0.042

0.90

Composite

360.27 g/t

2.61%

10.29%

0.10%

0.320%

1.65 m


SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

45007

437.00

7.08

20.10

0.07

0.315

0.8m

Composite

437.00 g/t

7.09%

20.10%

0.07%

0.315%

0.80 m


SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

45008

21.00

0.16

9.74

0.28

0.004

0.65

45009

71.00

1.11

0.73

0.46

0.165

0.25

45010

338.00

2.30

10.40

0.21

0.479

0.80

Composite

177.53 g/t

1.30%

8.72%

0.27%

0.250%

1.70 m


SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

45011

5.00

0.03

1.94

0.08

0.004

1.05

45012

16.00

0.14

8.36

0.21

0.009

0.90

45013

51.00

0.33

19.15

0.23

0.010

0.70

45014

184.00

2.58

0.84

0.05

0.165

0.90

Composite

62.23 g/t

0.76%

6.68%

0.14%

0.047%

3.55 m


SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

45015

5.00

0.03

0.94

0.06

0.003

1.20

45016

137.00

1.33

4.66

0.09

0.083

0.90

45017

158.00

2.39

16.25

0.04

0.190

0.70

Composite

85.67 g/t

1.04%

5.96%

0.07%

0.100%

2.80 m


SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

45026

217.00

2.29

9.79

0.09

0.102

0.90

45027

56.00

0.83

1.43

0.02

0.182

0.70

Composite

146.56 g/t

1.65%

6.13%

0.06%

0.135%

1.60 m


SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

45028

137.00

1.87

0.73

0.17

0.083

0.55

45029

283.00

3.28

1.58

0.04

0.059

0.75

45030

825.00

8.33

18.80

0.32

0.270

0.25

Compoiste

318.61 g/t

3.59%

4.05%

0.13%

0.100%

1.55 m


SampleID

Ag g/t

Pb %

Zn %

Cu %

Mo %

Width (m)

45034

200.00

6.67

1.88

0.03

0.168

0.90

Compoiste

200.00 g/t

6.67%

1.88%

0.03%

0.168%

0.90 M

Continuum Resources Ltd.

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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.

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Dans les médias de Continuum Resources Ltd.
25/03/2010Gold and Metals Continuum
Financements de Continuum Resources Ltd.
14/01/2008Extends Expiry Date of Remaining Warrants
04/01/2008 Extends Expiry Date of Remaining Warrants
Nominations de Continuum Resources Ltd.
31/01/2008Appoints Leonard Sinclair of Clifton and Associates as Envir...
24/01/2008Appoints Alex Cruz as Country Manager for Mexico
10/01/2008Announces Appointment of New General Manager for Oaxaca Proj...
26/07/2007 appoints Dale Schultz Vice-President, Exploration
Projets de Continuum Resources Ltd.
15/04/2008(Tres Hermanas)Reports 367.8 G/T Ag, 7.48 % Pb and 6.06 % Zn Over 1.9 Metre...
02/04/2008(San Jose Project) Fortuna cuts 7.1 meters with 4.36 g/t Au and 302 g/t Ag in ...
21/02/2008(San Jose Project)Fortuna drills 7.95 meters with 9.37 g/t Au and 487 g/t Ag a...
12/02/2008Commences Drilling at its 100% Owned Tres-Hermanas Project
04/02/2008Delineates 31.20 Metres of Footwall and Hangingwall Ag-Pb-Zn...
16/01/2008(San Jose Project)announces drill results of 7.95 meters with 9.37 g/t Au and ...
20/12/2007(San Jose Project)Purchases Diamond Drill For 2008 Exploration Programs In Oax...
14/09/2007(Natividad)announces delay in release of Natividad 43-101
21/08/2007(San Jose Project)Announces Additional Drill Results at San Jose
30/05/2007(San Jose Project)San Jose Drill Program Cuts 104.9m of 283 g/t Ag + 2.48 g/t ...
15/05/2007