Continuum reactivates 100% owned Lachiguiri Project in Oaxaca State, Mexico
September 24, 2007 - Vancouver B.C.: Continuum Resources Ltd. (TSX-V: CNU) ("Continuum" or the "Company") is pleased to announce the reactivation of a second property located in the State of Oaxaca, Mexico, the Lachiguiri Project. The Lachiguiri Project consists of mining concessions totalling 3000 hectares located approximately 140 kilometres southeast of the city of Oaxaca near the town of Santiago Lachiguiri. The Lachiguiri Project is 100% owned by Continuum.
Near the center of this property are a group of older workings of uncertain history that are known to have been used to exploit silver-rich zones of lead-zinc sulphides and oxides. This mineralization occurs as shoots in poly-metallic veins associated with faulting near the contact between limestone and conglomerate lithologies. Areas of silicification and oxidized sulphides are widespread throughout the property.
Based on the silver-lead-zinc (Ag
-Pb-Zn) mineralogical association, together with the silicified limestone lithologies, it can be concluded that "carbonate replacement" style mineralization may be found at Lachiguiri. This style of deposit can produce either a disseminated style of Ag-Pb-Zn mineralization, which may be amenable to open pit extraction, bulk-tonnage style silver mineralization that would be more conducive to underground mining methods.
Continuum's geological team are currently reviewing data collected in 2005 and 2006, and are formulating an exploration strategy that may expand the potential of this deposit.
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 11 separate gold-silver projects in the state of Oaxaca, where Continuum has acquired approximately 200,000 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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CODE : CNU.V |
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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, LACHIGUIRI, TERI, 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. |