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Continuum Resources Ltd.

Publié le 05 novembre 2007

releases results for latest phase of drilling at Natividad Prospect and posts updated 43-1

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Mots clés associés :   Fortuna | G Mexico |

Continuum releases results for latest phase of drilling at Natividad Prospect and posts updated 43-101 report on SEDAR

November 2, 2007 - Vancouver, B.C.: Continuum Resources Ltd (TSXV:CNU) announces the latest results from surface and underground diamond drilling at its Natividad gold-silver deposit located in Oaxaca State, Mexico.  These latest results continue to expand the strike length of gold mineralization.

Hole

 

From (m)

To (m)

Width(m)

Au  (g/t)

Ag  (g/t)

BCN-19

Level 6 St 5

NW 600 -15 412.90 m

 

 

 

 

 

 

 

 

157.35

157.80

0.45

6.88

44

 

229.50

230.75

1.25

2.14

25

Includes

230.20

230.75

0.55

3.71

45

 

245.90

248.20

2.30

2.03

5

 

Includes

247.20

248.20

1.00

3.68

4

 

Includes

247.70

248.20

0.50

5.43

5

 

 

254.40

255.67

1.27

8.13

8

 

Includes

254.40

255.10

0.70

14.05

10

 

 

276.25

282.35

6.10

1.04

14

 

Includes

278.20

280.45

2.25

2.07

26

 

 

 

 

 

 

 

BCN-20

Level 6 St 5

NW 74   +20  150.00 m

 

 

48.15

48.30

0.15

8.58

25

 

 

 

 

 

 

 

99.25

103.40

4.15

1.47

97

Includes

102.70

103.40

0.70

3.83

281

 

112.75

114.95

2.20

1.36

52

 

Includes

113.30

114.55

1.25

2.00

78

 

 

 

 

 

 

 

BCN-21

Level 6 St 5

NW 71  -20  260.30 m

 

 

 

 

 

 

 

 

170.53

171.05

0.52

12.21

91

Includes

170.78

171.05

0.27

20.10

162

 

 

 

 

 

 

 

186.35

187.25

0.90

1.45

10

 

Includes

186.90

187.25

0.35

1.91

18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BCN-22

Level 1 St.3

SE47 -45 

191.65 m

 

 

4.00

4.60

0.60

3.56

5

 

56.90

57.65

0.75

1.64

<5

 

61.70

62.75

1.05

1.81

17

 

 

 

 

 

 

 

 

 

 

 

 

 

BCN-23

Level 1 St.3

NE85 -48 

178.45 m

 

 

 

2.60

3.20

0.60

1.93

26

 

 

 

 

 

 

Includes

11.20

11.35

0.15

4.13

55

 

 

 

 

 

 

BCNS-27

Surface St. 1

SE 60  -51  212.50 m

 

 

 

 

 

 

 

 

 

 

 

 

 

 

151.00

157.75

6.75

1.14

4

Includes

155.50

156.70

1.20

3.52

13

 

 

 

 

 

 

 

 

 

 

 

 

 

BCNS-29

Surface St.1

Vertical -90 

299.90 m

 

 

58.90

59.75

0.85

9.36

113

Includes

58.90

59.35

0.45

16.45

106

 

177.80

182.10

4.30

2.93

34

Includes

180.10

182.10

2.00

3.93

45

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BCNS-30

Surface St.2

SE60 -25 

251.50 m

 

132.95

134.35

1.40

7.59

55

 

168.70

169.20

0.50

7.62

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BCNS-31

Surface St.2

SE60 -49 

270.00 m

 

142.95

143.50

0.55

2.84

28

 

149.20

149.50

0.30

<0.05

233

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BCN-32

Surface St.2

SE60 -74 

283.70 m

 

156.85

157.25

0.40

<0.05

109

 

200.25

202.10

1.85

1.57

0.02

Includes

201.05

202.10

1.05

2.19

0.02

 

 

 

 

 

 

 

 

 

 

 

 

 

BCN-33

Surface St.2

-90 

278.80 m

 

176.65

178.80

0.15

1.75

12

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BCN-36

Surface St.6

-90 

 

 

 

153.10

153.35

0.25

3.67

84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BCN-37

Surface St.6

NE65 -90 

299.70 m

 

 

146.05

146.70

0.65

0.56

13

 

233.10

223.30

0.20

2.33

219

 

 

 

 

 

 

 

 

 

 

 

 

 

271.50

271.80

0.30

1.57

<5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Note: Drill holes BCN-24 and BCN-25 were interrupted without reaching the target.  Drill hole BCN-26 was not drilled.

The Company also announces the completion of an updated NI 43-101 report detailing the results of the geological, geochemical, and drilling programs completed to date at Natividad.  The full report can be viewed on SEDAR (www.sedar.com).  These results and the updated 43-101 report will be used in evaluating the economic potential of the deposit and help formulate an exploration plan once work recommences.

Negotiations are ongoing between Continuum (70% owner of Natividad) and Cia Minera de Natividad Y Anexas (30%) to set the terms of a joint venture for the Natividad properties and assets.

The Qualified Person for this project, under the definition established by National Instrument 43-101, is Lawrence Dick, Ph.D., P.Geo.  Geochemical assays are carried out by ALS Chemex in North Vancouver, B.C.

Background

Continuum is actively exploring 12 separate gold-silver projects in the state of Oaxaca, where Continuum has acquired approximately 220,000 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 Continuum Resources Ltd.

"Warren M. McIntyre"

Warren M. McIntyre, Corporate Secretary and Director

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.

Continuum Resources Ltd.

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.

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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(Natividad)Initiates Surface Drilling and Underground Bulk Sampling at ...
11/04/2007(Natividad)Underground Drilling at Natividad Intersects High-grade Gold...
03/04/2007(San Jose Project)Drill Program starts on San Jose high-grade shoot, looking t...
31/05/2006underground diamond drilling at the Navidad gold/silver mine...
Communiqués de Presse de Continuum Resources Ltd.
30/05/2008Announces Convertible Debenture Financing Totalling Up To $3...
19/03/2008LOI on Natividad Project Terminated
28/02/2008Increases Exploration on Oaxaca Gold Projects
01/02/2008Announces Letter of Intent for Sale of Natividad Project
29/01/2008 Retains Jose Juan Zorrilla of Human Environment Group to Ov...
19/12/2007Provides Exploration Summary and 2008 Objectives
16/11/2007 Adopts Shareholders Rights Plan
05/11/2007releases results for latest phase of drilling at Natividad P...
01/10/2007unable to reach joint venture agreement at Natividad
24/09/2007Reactives 100% owned Lachiguiri Project in Oaxaca State, Mex...
19/09/2007Recommences Ag-Pb-Zn exploration at their 100% owned Tres-He...
27/08/2007Confirms Cash Position and Investments
08/08/2007 retains Renmark Financial Communications Inc.
16/07/2007and Fortuna drill 25.1m averaging 10.9 g/t Au + 588 g/t Ag a...
28/05/2007Dr. Lawrence Dick resigns as Director and V.P. Exploration
01/05/2007Receives Permits for the Initiation of Surface Drilling and ...
20/03/2007Increases Landholdings in Natividad Gold ? Silver District, ...
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