6-K 1 kmk6k_071305.htm PRESS RELEASE JULY 13 2005 High Copper-Gold Grades Intersected at Xietongmen Property, China

 
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 
 
FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
 

CIK # 782879

As at July 13, 2005
   
CONTINENTAL MINERALS CORPORATION
800 West Pender Street, Suite 1020
Vancouver, British Columbia
Canada V6C 2V6

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
 
Form 20-F...X.... Form 40-F.........
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
 
Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
 
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes ..... No .....
 
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________
  
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
By: /s/ Jeffrey R. Mason
Director and Chief Financial Officer
 
Date: July 13, 2005
 
* Print the name and title of the signing officer under his signature
-------
 

Continental Minerals Corporation
1020 - 800 West Pender Street
Vancouver, BC
Canada V6C 2V6
Tel 604 684-6365
Fax 604 684-8092
Toll Free 1 800 667-2114
www.hdgold.com

China NetTV Holdings Inc.
World Trade Centre
Suite 536-999 Canada Place
Vancouver, BC V6C 3E2
Tel 604 641-1366
Fax 604 641-1377
www.ctvh-holdings.com


HIGH COPPER-GOLD GRADES INTERSECTED AT XIETONGMEN PROPERTY, CHINA

July 13, 2005 , Vancouver, BC - Ronald W. Thiessen, President and CEO of Continental Minerals Corporation (TSX Venture-KMK; OTC.BB-KMKCF) and Anthony Garson, President and CEO of China NetTV Holdings Inc. (OTCBB: CTVH) are pleased to announce that the initial exploration drill holes have discovered broad intervals of high-grade copper and gold mineralization at the Xietongmen copper-gold project, located 240 kilometres southwest of Lhasa in Tibet, People's Republic of China. Through a venture with China NetTV, Continental can earn a 60% interest in the Xietongmen property by making payments and project expenditures of US$10 million prior to November 9, 2007. Continental is the operator of the exploration programs.

The Xietongmen property hosts porphyry-like, disseminated and quartz-stockwork copper and gold mineralization within a four kilometre long alteration zone that had previously been probed by two historical drill holes spaced approximately 250 metres apart. Continental has commenced a grid drilling program, designed to systematically delineate the copper-gold mineralization on the property. Assay results to date show strong continuity of mineralization and correlation between copper and gold values. Given the success of the initial drilling, six drill rigs have been mobilized to site to rapidly delineate and expand this significant new copper-gold discovery.

Results from drill holes numbered 5001 through 5006, and 5008 are reported below, along with the two historical holes ZK301 and ZK701, which are included for completeness. A drill hole location map and cross section are posted on our company website at www.hdgold.com.

XIETONGMEN ASSAY TABLE


Drill Hole

From (metres)

To (metres)

Intercept(metres)

Intercept (feet)

Cu
%1

Au
g/t1

CuEQ
%2

AuEQ
g/t2

5001

 

15.80

277.60

261.80

859

0.41

0.60

0.76

1.30

5001

Incl.

44.55

70.00

25.45

84

0.74

0.81

1.21

2.08

5002

 

8.60

259.90

251.30

824

0.55

0.82

1.03

1.76

5002

Incl.

44.50

77.20

32.70

107

0.96

0.77

1.41

2.42

5003

 

2.50

226.10

223.60

734

0.37

1.04

0.98

1.67

5003

Incl.

99.10

123.20

24.10

79

0.92

2.47

2.36

4.05

5004

 

46.50

294.00

247.50

812

0.57

0.67

0.96

1.65

5004

Incl.

46.50

188.00

141.50

464

0.70

0.77

1.15

1.97

5005

 

20.40

200.00

179.60

589

0.36

0.53

0.67

1.15

5005

Incl.

20.40

122.50

102.10

335

0.43

0.63

0.80

1.37

5006

 

18.70

242.70

224.00

735

0.49

0.76

0.93

1.60

5006

Incl.

18.70

121.60

102.90

338

0.71

0.99

1.29

2.21

5008

 

17.00

306.00

289.00

948

0.63

1.07

1.25

2.15

5008

Incl.

40.20

70.00

29.80

98

1.05

0.89

1.57

2.69

5008

Incl.

155.00

181.30

26.30

86

0.98

1.67

1.95

3.35

ZK0301

 

34.64

269.21

234.57

770

0.47

0.58

0.81

1.39

ZK0301

Incl.

64.69

180.28

115.59

379

0.57

0.68

0.97

1.66

ZK0701

 

25.40

231.90

206.50

677

0.66

1.43

1.49

2.56

ZK0701

Incl.

25.40

118.05

92.65

304

0.97

1.96

2.11

3.62

1 Copper capped at 5%, gold capped at 10 g/t for all calculations.
2 Copper and gold equivalent calculations use metal prices of US$1.00/lb for copper and US$400/oz for gold. Adjustment factors to account for differences
in relative metallurgical recoveries for gold and copper will depend upon the completion of definitive metallurgical testing.
AuEQ = (Cu % x 22.046/12.86) + Au g/t
CuEQ = Cu % + (Au g/t x 12.86/22.046)
 

In addition, holes 5007, 5009-5016, and 5018 have now been drilled. Core samples from these holes are being moved through the data logging and assaying process and further results will be reported when received. Drilling is ongoing with holes 5017, and 5019-23 currently being drilled. These holes extend the porphyry-like copper and gold mineralization over an area measuring approximately 300 metres by 300 metres and the discovery remains open in all horizontal directions, with mineralized intervals thickening to the north.

As part of its commitment to responsible mineral development, Continental has initiated a community relations program on behalf of the venture, designed to establish an active dialogue with local residents in the Tibetan villages and the various authorities in the region. The goal of this active engagement is to ensure that the activities provide direct, tangible benefits for local residents and communities, in a manner that respects local socio-economic priorities and incorporates a high standard of environmental management. At this early exploration stage, the program has included providing employment opportunities for local residents and assisting a community school to acquire operating resources.

Infrastructure for the project site includes a paved highway and a hydroelectric transmission line that pass near to the southern boundary of the property. The highway provides access to the city of Rikaze, approximately 53 kilometres to the east, where fuel, food, lodging and office facilities are available. Other supplies, heavy equipment, equipment operators and vehicles are readily obtainable in Lhasa.

Mark Rebagliati, P.Eng., a Qualified Person as defined under National Instrument 43-101, is supervising the drilling program and quality assurance and quality control ("QAQC") on behalf of Continental Minerals Corporation. The program includes rigorous QAQC procedures. Acme Analytical Laboratories of Vancouver, BC, an ISO 9001:2000 accredited laboratory, performs the sample preparation and assaying for the project. Gold analysis is by 30 g Fire Assay fusion with an Inductively Coupled Plasma-Emission Spectroscopy (ICP-ES) finish. Copper assays are done by four acid digestion with an ICP-ES finish. Continental includes standards, blanks and duplicates in addition to the laboratory's internal quality control work.


For further information:

Continental Minerals Corporation
Tel: 604 684∙6365
Toll Free 1 800 667∙2114
www.hdgold.com
 

 
China NetTV Holdings Inc.
Tel: 604 641∙1366
www.ctvh-holdings.com

No regulatory authority has approved or disapproved the information contained in this news release.

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, exploration drilling, exploitation activities and events or developments that the companies expect are forward-looking statements. Although the companies believe 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 from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

For more information on Continental Minerals Corporation, Investors should review the Company's annual Form 20-F filing with the United States Securities Commission and its home jurisdiction filings that are available at www.sedar.com.

For more information on China NetTV Holdings Inc., Investors should review the Company's annual Form with the United States Securities Commission at www.sec.gov.

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