Continental Receives Explorer of the Year Award at China Mining 2007
15 11월 2007 - 3:12AM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX VENTURE: KMK)(OTCBB: KMKCF)
announces that it has received the "Explorer of the Year Award" at
the China Mining 2007 Conference in Beijing. The award, the most
important one given at the conference, is awarded to an individual
or company that has discovered a significant mineral deposit in a
new or previously explored area, and is based on due diligence
conducted by China's Ministry of Lands and Resources, the
conference organizing committee, and it's international Advisory
Committee.
Continental won the award for the discovery and development of
the Xietongmen deposit in the Tibet Autonomous Region. The Company
initiated exploration at Xietongmen in April 2005, and in two years
outlined a large porphyry copper-gold-silver deposit with 220
million tonnes of mineral resources.
Continental has also completed a positive feasibility study for
a 40,000 tonnes per day open pit operation at Xietongmen. The mine
would have a 14 year life with an annual average production of 116
million pounds of copper, 190,000 ounces of gold and 1.73 million
ounces of silver (see Continental News Release dated August 14,
2007). Continental is currently focused on completion of the
environmental and socioeconomic assessment, advancement of its
mining license application. The Company is also exploring other
prospective targets on the property.
President and CEO Gerald Panneton said: "It is an honour to
receive the Explorer of the Year Award for the Xietongmen deposit.
This important discovery was the result of the hard work and
commitment of the on-the ground team of project managers,
geologists, technicians, and support staff as well as the
engineering, environmental and community development specialists
focused on developing a long-life, state of the art mine. In
particular, we would like to acknowledge the people in the local
communities, and those within the government and agencies, for
their contribution and input."
For additional details, please visit the Company's website at
www.continentalminerals.com or contact Investor Services at (604)
684-6365 or within North America at 1-800-667-2114.
On behalf of the Board of Directors
Gerald Panneton, President and Chief Executive Officer
Forward Looking and other Cautionary Information
This release includes certain statements that may be deemed
"forward-looking statements." All statements in this release, other
than statements of historical facts, that address future
production, reserve potential, continuity of mineralization,
exploration drilling, exploitation activities and events or
developments that the Company expects are forward-looking
statements. Although the Company believes that the expectations
expressed in such forward looking statements are based on
reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ
materially form those in the forward looking statements. The
likelihood of future mining at Xietongmen is subject to a large
number of risks and may require achievement of a number of
technical, economic and legal objectives, including obtaining lower
than expected grades and quantities of mineralization and
resources, recovery rates and mining rates, changes in and the
effect of government policies with respect to mineral exploration
and exploitation, the possibility of adverse developments in the
financial markets generally, delays in exploration, development and
construction projects, fluctuations in the prices of copper, gold
and silver, obtaining additional mining and construction permits,
completion of final feasibility studies, preparation of all
necessary engineering for open pit and processing facilities as
well as receipt of additional financing to fund mine construction.
Such funding may not be available to the Company on acceptable
terms or on any terms at all. For more information on the Company
and the risk factors inherent in its business, investors should
review the Company's Annual Information Form at www.sedar.com and
the Company's annual report on Form 20-F at www.sec.gov.
Neither the TSX Venture Exchange nor any other regulatory
authority accepts responsibility for the adequacy or accuracy of
this release.
Contacts: Continental Minerals Corporation Shawn Wallace
Investor Services (604) 684-6365 or North America Toll Free:
1-800-667-2114 (604) 684-8092 (FAX) Website:
www.continentalminerals.com
Continental Minerals Corp (TSXV:KMK)
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