TSX-V Trading Symbol: CNU
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Continuum Reports 367.8 g/T AG, 7.48 % Pb and 6.06 % Zn over 1.9 metreS at ITS Tres-HerMAnas project
Dale Schultz, Vice President - Exploration of Continuum Resources Ltd. (TSXV:CNU) is pleased to announce the discovery of a mineralized structure (Carrisal) oriented sub-parallel to the San Sebastian vein on the Company’s 100% owned Tres-Hermanas project located in Oaxaca State, Mexico. A map illustrating the locations of the new Carrisal structure with respect to the San Sebastian vein can be viewed at http://www.continuumresources.com/. A list of all samples collected form the Carrisal structure is appended to the end of this release.
CARRISAL RESULTS
Prospecting on the Tres Hermanas concession, in late 2007, resulted in the discovery of the "Carrisal Structure". A 100 metre long tunnel was developed to exploit the Carrisal mineralization, but there is no confirmation as to the date this tunnel was constructed. This mineralization is located approximately 200 metres south-east of the main San Sebastian structures, is oriented sub-parallel, and is dipping steeply to the south-east (50 to 85 degrees). A series of chip channel samples was taken along the length of the structure from the underground workings. The results of each sample set can be viewed at http://www.continuumresources.com/. The highlight of this sampling campaign was a composite of 367.8 g/t Ag, 7.48 % Pb, and 6.06 % Zn over 1.90 metres returned for an area approximately 40 metres from the tunnel entrance. The entire adit averaged 114.3 g/t Ag, 1.47% Pb and 2.13% Zn over an average width of 1.86 metres.
MORE HALO MINERALIZATION
Like the San Sebastian structure, the Carrisal structure also contains halo mineralization. A trench completed at the tunnel mouth returned values of 33.0 g/t Ag, 0.69% Pb, and 1.94 % Zn over 11.0 metres.
Both the halo mineralization and the Carrisal structure remain untested by diamond drilling and the system is open along strike and to depth. Three drill holes are proposed to test the sub-surface continuity of the mineralization, and these holes are intended to be completed in the coming months.
“This is a significant discovery for Continuum.” reports Mr Schultz. “Having two quality mineralized structure in close proximity will allow the company to realize significant upside in tonnage once we advance to the resource stage on this project”.
UPDATE ON SAN SEBASTIAN DRILLING
Four diamond drill holes have now been completed on Adit #1 of the San Sebastian structures. All holes has been logged, split and sent to the International Plasma Laboratories of Richmond B.C., Canada for processing and analysis. Results from the first holes are expected within 3 to 4 weeks.
Qualified Person
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.
Background
Continuum is actively exploring 9 separate 100% owned 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
Halo Results Sample Id | Ag g/t | Pb % | Zn % | Width (m) | 44943 | 24.0 | 0.05 | 0.07 | 1.00 | 44944 | 47.0 | 0.62 | 2.02 | 1.00 | 44945 | 52.0 | 0.97 | 2.19 | 1.00 | 44946 | 78.0 | 1.98 | 2.67 | 1.00 | 44947 | 69.0 | 1.78 | 5.90 | 1.00 | 44948 | 6.0 | 0.21 | 1.34 | 1.00 | 44949 | 11.0 | 0.33 | 3.99 | 1.00 | 44950 | 14.0 | 0.37 | 1.64 | 1.00 | 44951 | 18.0 | 0.28 | 0.47 | 1.00 | 44952 | 28.0 | 0.80 | 0.68 | 1.00 | 44953 | 16.0 | 0.23 | 0.41 | 1.00 | Composite | 33.0 | 0.69 | 1.94 | 11.00 | Carrisal Adit Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42946 | 11.0 | 0.23 | 9.17 | 0.80 | 42947 | 351.0 | 7.73 | 9.51 | 0.35 | 42948 | 83.0 | 2.28 | 1.99 | 0.30 | Composite | 108.0 | 2.46 | 7.77 | 1.45 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42949 | 18.0 | 0.38 | 3.83 | 0.60 | 42950 | 173.0 | 6.20 | 5.47 | 0.55 | 42951 | 213.0 | 3.67 | 8.28 | 0.30 | Composite | 117.1 | 3.27 | 5.37 | 1.45 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42952 | 26.00 | 1.07 | 13.00 | 0.50 | 42953 | 162.00 | 4.03 | 3.61 | 0.50 | 42954 | 2.50 | 0.11 | 5.74 | 0.70 | Composite | 56.3 | 1.54 | 7.25 | 1.70 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42955 | 15.00 | 0.30 | 1.75 | 0.65 | 42956 | 138.00 | 2.77 | 11.15 | 0.70 | 42957 | 32.00 | 0.14 | 5.97 | 0.70 | Composite | 62.8 | 1.09 | 6.40 | 2.05 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42958 | 7.0 | 0.18 | 3.00 | 0.50 | 42959 | 238.0 | 1.49 | 7.13 | 0.60 | 42960 | 2.5 | 0.07 | 3.08 | 0.90 | Composite | 74.3 | 0.53 | 4.28 | 2.00 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42961 | 6.0 | 0.11 | 6.31 | 0.80 | 42962 | 220.0 | 3.24 | 7.35 | 0.40 | 42963 | 241.0 | 9.46 | 8.97 | 0.40 | Composite | 118.3 | 3.23 | 7.24 | 1.60 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42964 | 116.0 | 2.61 | 0.96 | 0.60 | 42965 | 304.0 | 7.81 | 0.74 | 0.45 | 42966 | 16.0 | 0.69 | 4.74 | 0.20 | 42967 | 13.0 | 0.13 | 2.19 | 0.20 | Composite | 146.3 | 3.62 | 1.58 | 1.45 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42968 | 187.0 | 2.08 | 1.46 | 0.60 | 42969 | 2.5 | 0.43 | 2.80 | 0.70 | 42970 | 13.0 | 0.28 | 2.81 | 0.30 | Composite | 73.7 | 1.02 | 2.30 | 1.60 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42971 | 52.0 | 0.87 | 3.93 | 0.50 | 42972 | 21.0 | 0.27 | 7.15 | 0.20 | 42973 | 13.0 | 0.05 | 3.66 | 0.40 | 42974 | 2.5 | 0.02 | 1.81 | 0.35 | Composite | 25.0 | 0.35 | 3.79 | 1.45 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42975 | 91.0 | 1.70 | 2.30 | 0.30 | 42976 | 72.0 | 0.93 | 1.74 | 0.20 | 42977 | 17.0 | 2.01 | 4.82 | 0.30 | 42978 | 121.0 | 1.22 | 4.25 | 0.30 | 42979 | 5.0 | 0.10 | 2.50 | 0.30 | Composite | 60.4 | 1.21 | 3.22 | 1.40 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42980 | 237.0 | 9.00 | 14.80 | 0.40 | 42981 | 171.0 | 3.08 | 6.84 | 0.70 | 42982 | 1050.0 | 18.25 | 0.57 | 0.40 | 42983 | 161.0 | 2.91 | 1.43 | 0.40 | Composite | 367.8 | 7.48 | 6.06 | 1.90 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42984 | 45.0 | 0.35 | 1.09 | 0.70 | 42985 | 304.0 | 9.92 | 2.38 | 0.40 | 42986 | 100.0 | 0.57 | 0.85 | 0.50 | 42987 | 238.0 | 5.06 | 5.56 | 0.30 | 42988 | 584.0 | 8.33 | 2.26 | 0.55 | 42989 | 362.0 | 0.44 | 1.34 | 0.30 | Composite | 256.1 | 3.90 | 1.98 | 2.75 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42990 | 31.0 | 0.45 | 0.93 | 0.95 | 42991 | 513.0 | 10.10 | 0.97 | 0.45 | 42992 | 136.0 | 0.92 | 0.38 | 0.90 | 42993 | 268.0 | 1.00 | 1.00 | 0.40 | 42994 | 378.0 | 1.00 | 1.00 | 0.50 | Composite | 212.2 | 2.09 | 0.80 | 3.20 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42995 | 243.0 | 0.15 | 0.62 | 0.90 | 42996 | 105.0 | 0.05 | 0.44 | 0.70 | 42997 | 147.0 | 0.30 | 1.00 | 0.40 | 42998 | 80.0 | 0.80 | 1.00 | 0.70 | Composite | 150.7 | 0.32 | 0.73 | 2.70 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 42999 | 526.0 | 0.09 | 0.31 | 0.70 | 43000 | 21.0 | 0.03 | 0.10 | 1.10 | 44701 | 51.0 | 0.47 | 0.80 | 0.90 | 44702 | 13.0 | 0.04 | 0.34 | 0.80 | Composite | 127.9 | 0.16 | 0.38 | 3.50 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44703 | 59.0 | 0.03 | 0.23 | 0.50 | 44704 | 65.0 | 0.75 | 1.00 | 0.30 | 44705 | 2.5 | 0.06 | 0.88 | 0.70 | Composite | 33.8 | 0.19 | 0.69 | 1.50 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44706 | 17.0 | 0.27 | 0.21 | 0.80 | 44707 | 41.0 | 1.58 | 0.86 | 0.40 | 44708 | 2.5 | 0.33 | 0.25 | 0.40 | Composite | 19.4 | 0.61 | 0.38 | 1.60 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44709 | 24.0 | 0.08 | 0.42 | 0.70 | 44710 | 26.0 | 0.35 | 0.19 | 0.45 | 44711 | 2.5 | 0.04 | 0.17 | 0.60 | Composite | 17.1 | 0.14 | 0.28 | 1.75 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44712 | 19.0 | 0.04 | 0.10 | 0.70 | 44713 | 95.0 | 0.58 | 0.55 | 0.20 | Composite | 36.8 | 0.16 | 0.20 | 0.90 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44714 | 2.5 | 0.07 | 0.09 | 0.55 | 44715 | 43.0 | 0.11 | 0.16 | 0.55 | 44716 | 2.5 | 0.06 | 0.23 | 0.35 | 44717 | 232.0 | 1.00 | 1.00 | 0.70 | Composite | 87.6 | 0.38 | 0.42 | 2.15 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44718 | 2.5 | 0.04 | 0.09 | 1.00 | 44719 | 281.0 | 0.10 | 0.18 | 0.50 | 44720 | 393.0 | 1.00 | 1.00 | 0.30 | 44721 | 22.0 | 0.79 | 0.42 | 0.30 | Composite | 127.4 | 0.30 | 0.29 | 2.10 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44722 | 41.00 | 11.50 | 0.80 | 0.80 | 44723 | 168.00 | 1.00 | 1.00 | 0.70 | 44724 | 538.00 | 1.00 | 1.00 | 1.30 | Composite | 303.5 | 4.00 | 0.94 | 2.80 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44725 | 2.5 | 0.06 | 0.04 | 1.00 | 44726 | 2.5 | 0.06 | 0.19 | 0.90 | 44727 | 14.0 | 0.55 | 0.21 | 1.30 | Composite | 7.2 | 0.26 | 0.15 | 3.20 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44728 | 135.0 | 1.00 | 1.00 | 0.50 | Composite | 135.0 | 1.00 | 1.00 | 0.50 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44729 | 2.5 | 0.02 | 0.04 | 0.95 | 44730 | 8.0 | 0.06 | 0.13 | 0.70 | Composite | 6.5 | 0.04 | 0.08 | 1.65 | Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44731 | 31.0 | 0.41 | 0.91 | 0.70 | 44732 | 2.5 | 0.03 | 0.02 | 0.30 | Composite | 23.5 | 0.30 | 0.64 | 1.00 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44733 | 73.0 | 0.59 | 0.71 | 0.90 | 44734 | 31.0 | 0.02 | 0.20 | 1.00 | 44735 | 2.5 | 0.01 | 0.42 | 0.30 | Composite | 44.3 | 0.25 | 0.44 | 2.20 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44736 | 39.0 | 0.22 | 0.21 | 0.45 | 44737 | 12.0 | 0.27 | 0.32 | 0.30 | 44738 | 2.5 | 0.01 | 0.27 | 0.90 | Composite | 14.2 | 0.12 | 0.26 | 1.65 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44739 | 188.0 | 1.00 | 1.00 | 0.40 | 44740 | 2.5 | 0.04 | 0.99 | 0.50 | Composite | 85.8 | 0.47 | 0.99 | 0.90 |
Sample ID | Ag g/t | Pb % | Zn % | Width (m) | 44741 | 81.00 | 0.83 | 1.00 | 0.50 | 44742 | 2.50 | 0.03 | 0.84 | 0.30 | 44743 | 2.50 | 0.03 | 0.62 | 0.30 | Composite | 38.2 | 0.40 | 0.85 | 1.10 |
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