ATLANTA, April 19, 2007 (PRIME NEWSWIRE) -- OTC Stock Review announces that it has published a report on Continuum Resources Ltd. (TSX-V:CNU) (Pink Sheets:CUUEF) (Frankfurt:CQ7).
Continuum Resources Ltd., headquartered in Vancouver, British Columbia, utilizes modern exploration models and technologies to discover high-grade deposits of gold and silver in past-producing precious metals districts. Continuum is focusing on 11 properties in the southern Mexican state of Oaxaca, an area known for its high-grade, past-producing deposits of gold and silver. Mexico has been producing gold and silver for over 500 years, while Oaxaca has been home to many important past-producers of gold and silver for over 250 years. Oaxaca is an under-explored area, with excellent potential, that can be explored and worked on year-round, due to the warm climate.
Continuum is focusing 90% of its efforts on two of the largest historical mining operations in Oaxaca, San Jose and Natividad. Production at Natividad began as early as 1780 and has produced approximately 960,000 ounces of gold, and 23 million ounces of silver between 1931 and 1992. Continuum's efforts have been to drill along strike and dip to further explore the deposit, and discover new gold and silver resources.
Sprott Asset Management holds 19.9% of Continuum's outstanding shares, while Agnico-Eagle, the seventh largest mining company in the world, owns over 15%. JF Mackie, Joint Venture partner, Fortuna, and Pinetree Capital hold collectively 20%. Combined, these major shareholders own 60% of outstanding shares.
The complete report is available at http://www.otcstockreview.com/Files/CUUEF/CNU_Review.pdf.
A 16-page report on Continuum Resources Ltd. published by Fundamental Research Corp. on April 12, 2007 places a fair value estimate on Continuum shares of C$1.60. Fundamental Research Corp. bases its estimates for this price target on the following:
1. In March 2007, Continuum and their joint venture partner Fortuna
Silver Mines (TSXV: FVI) announced an upgraded resource estimate
that brought their resource to 45 million ounces silver and
336,000 ounces gold indicated and inferred.
2. Exploration efforts on other veins of mineralization at San Jose
hold further potential for resource estimates, and the companies
are planning to drill 20,000 meters in 2007 to add to the
resource.
3. Continuum and Fortuna plan to begin mine development on San Jose
in 2007. Continuum plans to have a resource estimate at
Natividad in the middle of 2007. Fundamental Research Corp.
believes this deposit has million ounce gold potential.
The complete report is available at http://continuumresources.com/CNU_UpdateApril12-2007.pdf
For more information please visit http://www.continuumresources.com.
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