VANCOUVER, Sept. 24 /CNW Telbec/ - 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
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
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
The TSX Venture Exchange has not reviewed and does not take
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Renmark Financial Communications Inc.: Barry
Mire, email@example.com; Dan Symons, firstname.lastname@example.org,
(514) 939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com