CONTINUUM PURCHASES Diamond DRILL FOR
2008 EXPLORATION PROGRAMS IN OAXACA, MEXICO
December 20, 2007 - Vancouver, B.C.: Dale Schultz, Vice President Exploration of Continuum Resources Ltd (TSXV: CNU) reports that the Company has entered into an agreement with Geotech Drilling Services Ltd. of Prince George, British Columbia, for the fabrication and construction of a man-portable Diamond drill rig. The drilling equipment is expected to be delivered early in the first quarter of 2008.
The Company has engaged Collette Industrial Ltd. of Saskatoon, Saskatchewan, to provide importation services for the drill and drilling supplies to Mexico. Collette has many years of experience in supplying mining equipment to Canadian mining companies such as Gammon Gold's Ocampo and Agnico-Eagle's Pinos Altos projects located in Chihuahua, Mexico.
The Company has also entered into an agreement with the San Andreas Group of the B.V.I. for Diamond drilling consulting services, and supply of Diamond drillers. Consultants within San Andreas Group have over 25 years of drilling experience in Canada, China and Latin America, and over 10 years of man-portable Diamond drilling expertise in Peru, Columbia, and Mexico.
Drilling is expected to commence on the Tres-Hermanas project mid-January 2008. Currently at the Tres-Hermanas project, facilities and lodgings are being secured, and sites for a drill camp are being sought prior to the kick off of the 2008 drilling campaign.
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 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.
|
Continuum Resources Ltd.
|
|
PRODUCER |
CODE : CNU.V |
|
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Continuum is a silver and gold producing company based in Canada. Continuum holds various exploration projects in Mexico. Its main asset in production is SAN JOSE PROJECT in Mexico and its main exploration properties are LA PREDILECTA, NINO PERDIDO, TALEA, LACHATAO, TERI, LACHIGUIRI, NATIVIDAD and TAVICHE in Mexico and RICHARDSON LAKE in Canada. Continuum is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 5.6 millions as of today (US$ 4.4 millions, € 3.5 millions). Its stock quote reached its highest recent level on December 31, 2003 at CA$ 1.20, and its lowest recent point on October 24, 2008 at CA$ 0.01. Continuum has 124 038 000 shares outstanding. |