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 -150 412.90 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.
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Continuum Resources Ltd.
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PRODUCTEUR |
CODE : CNU.V |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
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. |