420 0 Kommentare Continental Drills 0.46% Copper Equivalent at DOK

TORONTO, ONTARIO--(Marketwired - Oct. 16, 2014) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.

Continental Precious Minerals Inc. (TSX:CZQ) (the "Company", or "Continental") is pleased to announce the analytical results for the diamond drilling program completed on the DOK copper-gold project located in northwest British Columbia. The DOK property is located between the Schaft Creek and Galore Creek copper deposits to the south and the active exploration currently underway north of the Stikine River. Pursuant to an option agreement with Boxxer Gold Corp. (TSX VENTURE:BXX)(PINKSHEETS:BXXRF), Continental has the right to earn up to a 75% interest in the DOK Property if certain conditions are met (see Press Release on April 14, 2014). The 2014 diamond drilling program consisting of 2 holes totalling 834.9m has been completed. Highlights are:

Highlights:

Diamond drill hole (DDH) DOK-01-2014, returned three intervals of greater than 0.10% copper equivalent in potassic and phyllic altered andesite. The entire hole shows elevated concentrations of copper-gold-silver and molybdenum,
The lower 24.4 m of DDH DOK-01-2014 intersected 0.012% molybdenum as well as significant copper-gold-silver concentrations in hydrothermal breccia,
DDH DOK-2014-02 intersected three intervals averaging greater than 0.10% copper equivalent is in strongly potassic and phyllic altered andesite and quartz monzonite intrusive. This hole contains elevated concentration in copper-gold-silver,
The analytical results show a copper-gold-silver and a copper-gold-silver-molybdenum style of mineralization, and
The significant pyrite concentration in the drill hole combined with the analytical results, alteration, mineralogy and lithology suggest that the drilling may have intersected the outer edge of a hydrothermal porphyry copper-gold system.

The weighted average grade of the mineralized intervals in the two diamond drill holes are as follows:

DDH ID	From (m)	To (m)	Interval (m)	Copper (%)	Gold (g/t)	Silver (g/t)	Molybdenum (%)	CuEq (%)
DOK-01-2014	6.1	410.0	403.9	0.04	0.03	0.40	0.001	0.07
including	129.5	312.4	182.9	0.07	0.04	0.60	trace	0.11
including	275.8	294.1	18.3	0.33	0.13	1.90	0.001	0.46
including	385.6	410.0	24.4	0.03	0.05	0.98	0.012	0.14
DOK-02-2014	33.5	384.1	350.6	0.05	0.04	0.50	trace	0.08
including	33.5	88.4	54.9	0.11	0.06	1.64	trace	0.18
including	125.0	185.9	60.9	0.07	0.05	0.46	trace	0.12
including	289.6	304.8	15.2	0.03	0.09	0.62	trace	0.11