VANCOUVER, BC, March 20 /CNW Telbec/ - Continuum Resources Ltd
(TSX-V: CNU) is pleased to announce that it has significantly increased it's
already large land package covering the historically-important Natividad gold
district in the southern Mexico state of Oaxaca.
A total of 5,300 hectares of additional lands have been acquired by
staking, bringing Continuum's total contiguous landholdings in the district to
The recent land acquisition adds a further nine kilometers of strike
length to a NE-trending structural feature along which a host of
past-producing gold-silver mines are located. This mineralized trend is now
controlled by Continuum over a strike length of 35 kilometers. The most
significant gold-silver deposit recognized to date is the Natividad deposit,
where approximately 1 million ounces of gold and 25 million ounces of silver
were produced between 1930 and the present, although production began in 1792.
Continuum's exploration focus in the district has been, and will continue
to be, the definition of a newly-discovered, northern extension of the
Natividad deposit by underground tunneling and drilling. Drilling is currently
being carried out from extensions of Levels 1 and 6 within the mine. Lawrence
Dick, Continuum's Vice President of Exploration states "Continuum now has a
very large land holding at Natividad which covers the entire mineralized
district, including at least 15 past-producers of gold and silver. As we
obtain more information on the controls of gold mineralization in the
district, we will begin exploring outside of the confines of the Natividad
deposit, which has been our focus up until now".
Continuum's exploration land package in the state of Oaxaca has grown to
approximately 122,000 hectares and includes 10 individual projects including
Natividad and the San Jose silver discovery in the Taviche silver-gold
district. As at Natividad, Continuum and joint venture partner Fortuna Silver
Mines Inc. have been working to consolidate a majority of the Taviche
district, with land holdings now over 50,000 hectares. With the land
consolidated, the joint venture can now begin exploring the potential not only
of the highly-prospective San Jose ore shoot, but also for related bodies of
similar-style, high-grade mineralization elsewhere in the district.
The Qualified Person for this project, under the definition established
by National Instrument 43-101, is Lawrence Dick, Ph.D., P.Geo., Vice President
Exploration for Continuum Resources Ltd.
On behalf of the Board of Continuum Resources Ltd.
Lawrence A. Dick, Ph.D., P.Geo., Vice President and Director
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