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CONTINENTAL PRECIOUS MINERALS INCREASES ITS INDICATED RESOURCES

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Continental Precious Minerals Inc. Profile

Continental Precious Minerals Inc. (TSX:CZQ) is a multi-mineral exploration company with multiple interests and exploration licences in Sweden. Since March 2005, Continental’s primary goal has been to advance its Swedish assets. To date, Continental’s exploration program has primarily focused on the Viken MMS licence, where it has defined a NI 43-101 compliant resource. The company will continue to conserve its capital, focus on further delineating the resource at the Viken licence and surrounding licences on a cost effective basis, completing the metallurgical and environmental studies already underway and completing a preliminary economic assessment of the project in the second half of 2009, while seeking to collaborate with a major mining company to advance development. The company will also evaluate expansion and diversification opportunities as they emerge in current market conditions.


Last changed at 05-Mar-2009 02:19PM by Clavis