Continent Intersects 600 Feet of 0.20% Oxide Copper at Lone Mountain, New Mexico



    CNSX:CTT

    VANCOUVER, Feb. 17 /CNW/ - Continent Resources Inc. (CNSX:CTT) is pleased
to announce the results of the first phase of reverse circulation drilling
from its Lone Mountain Project located near Silver City, New Mexico. Drill
hole LM-42, intersected 600 feet grading 0.205% oxide copper between 200 and
800 feet, with 50 feet grading 0.498% copper and with the last 30 feet grading
0.43% copper.
    This limited, first phase drill program focused on near surface oxide
copper mineralization which has become a valuable target with the advent of
SX-EW technology which is able to treat lower-grade oxide copper.
    "An average sample grade of 0.20% oxide copper provides an excellent
foundation to continue to develop the Lone Mountain property. The oxide
portion of porphyry copper systems in the SW USA has cut-off grades from 0.04%
Cu to 0.10% Cu, depending on leach characteristics. The Lone Mountain project
has excellent leach characteristics from recently completed bottle roll test
work by Mountain States Research and Development." commented Continent's Chief
Geologist and President, Michael R. Pawlowski.
    "The completed Phase One drill program provides valuable geological
information with which to base more detailed drilling in the one mile by one
mile mineralized area. We are working to outline a large tonnage mineralized
area to complete a Scoping Study."
    The following table shows the significant intervals of oxide copper
mineralization representing a small part of the overall system:

    
                     Phase One Drill Program Highlights
    -------------------------------------------------------------------------
                 Total Depth      From         To      Thickness       Grade
    Hole            (ft)          (ft)        (ft)        (ft)         Cu (%)
    -------------------------------------------------------------------------
                     800           200         800         600         0.205
                 ------------------------------------------------------------
                    Incl.          210         680         470         0.199
                 ------------------------------------------------------------
                    Incl.          440         500          60         0.317
                 ------------------------------------------------------------
    LM-42           Incl.          570         620          50         0.498
                 ------------------------------------------------------------
                    Incl.          680         800         120         0.243
                 ------------------------------------------------------------
                    Incl.          700         740          40         0.275
                 ------------------------------------------------------------
                    Incl.          770         800          30         0.433
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    LM-37            940           240         410         170         0.101
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    LM-40            545           210         545         335         0.107
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                     840           230         840         610         0.089
    LM-41        ------------------------------------------------------------
                    Incl.          550         680         130         0.164
    -------------------------------------------------------------------------
    

    Historic Drilling at Lone Mountain

    The Lone Mountain copper prospect has been historically drilled by
numerous large mining companies as a porphyry copper system, discovering
significant zones of copper and zinc at depths beneath the zone of oxide
copper. At the time, the copper oxide mineralization was not considered a
target since more modern, SX-EW technology had yet to be developed to treat
the lower-grade oxide copper mineralization which typically overlies the
deeper sulfide copper mineralization.
    Assaying of historic drill holes, however, have shown a significant
accumulation of oxide copper to exist at shallower depths in the Lone Mountain
system, many intersections which are equal to or greater than the grade of
drill hole LM-42. Below are listed selected intersections of copper oxide
mineralization from historic drilling, illustrating the potential of the Lone
Mountain copper oxide zone:

    
    Historic Drilling Results of Oxide Copper at Lone Mountain
    -------------------------------------------------------------------------
                   From               To             Thickness         Grade
    Hole           (ft)              (ft)              (ft)            Cu (%)
    -------------------------------------------------------------------------
    LM-3            300               420               120             0.67
    -------------------------------------------------------------------------
    LM-15           580              1190               610            0.386
    -------------------------------------------------------------------------
    LM-30           237              1080               843            0.326
    -------------------------------------------------------------------------
    LM-4.           670               900               230            0.295
                 ------------------------------------------------------------
           Incl     670               770               100             0.52
    -------------------------------------------------------------------------
    LM-36           230               860               650            0.242
    -------------------------------------------------------------------------
    LM-35           230               482               252            0.257
    -------------------------------------------------------------------------
    LM-36           230               600               370            0.231
    -------------------------------------------------------------------------
    LM-32           235               830               585            0.222
    -------------------------------------------------------------------------
    LM-1            510               620               110            0.215
    -------------------------------------------------------------------------
    LM-09A          380               680               300            0.215
    -------------------------------------------------------------------------
    LM-31           205               710               505            0.212
    -------------------------------------------------------------------------
    LM-16           250               420               170             0.20
    -------------------------------------------------------------------------
    LM-09           300               700               400             0.18
    -------------------------------------------------------------------------
    

    About Continent Resources Inc.

    Continent Resources Inc. focuses on the discovery of copper resources in
copper-rich districts in Arizona and New Mexico.
    For more information about Continent Resources, please visit:
www.continentresources.com

    In compliance with National Instrument 43-101, Mr. Michael R. Pawlowski,
P.Geo., Chief Geologist and President of Continent Resources is the Qualified
Person who prepared or supervised the preparation of the technical information
presented in this news release. Assay samples were analyzed by Skyline
Laboratories, Tucson, Arizona with standard QA/QC procedures.

    
    On behalf of the board of directors of Continent Resources,
    Mr. Michael R. Pawlowski, P.Geo.

    "Michael R. Pawlowski"

    Michael R. Pawlowski
    President & Director
    

    FORWARD LOOKING STATEMENTS: This document includes forward-looking
statements as well as historical information. Forward-looking statements
include, but are not limited to, the continued advancement of the company's
general business development, research development and the company's
development of mineral exploration projects. When used in this document, the
words "anticipate", "believe", "estimate", "expect", "intent", "may",
"project", "plan", "should" and similar expressions may identify
forward-looking statements. Although Continent Resources Inc. believes that
their expectations reflected in these forward looking statements are
reasonable, such statements involve risks and 1980 - 1075 West Georgia Street,
Vancouver, BC, Canada V6E 3C9 T. 604.688.9588 F. 604.909.1163 uncertainties
and no assurance can be given that actual results will be consistent with
these forward-looking statement. Important factors that could cause actual
results to differ from these forward-looking statements include the potential
that fluctuations in the marketplace for the sale of minerals, the inability
to implement corporate strategies, the ability to obtain financing and other
risks disclosed in our filings made with Canadian Securities Regulators.

    
    The CNSX does not accept responsibility for the adequacy or accuracy of
    this release.
    





For further information:

For further information: Continent Resources Inc., Robert Bick, CEO,
robert@continentresources.com, (778) 331-2026, www.continentresources.com

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CONTINENT RESOURCES INC.

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