December 10, 2008, Vancouver, British Columbia: Continent Resources Inc. (CNSX: CTT) (the "Company") is pleased to announce a five-hole reverse circulation drill program commencing the week of December 10, 2008 to advance its Lone Mountain porphyry copper property.
The drilling will target the known near surface copper oxide, which to date has been defined by wide spaced drilling. This Phase I in-fill drill program is aimed at demonstrating copper grade continuity and zone size potential. Drilling is expected to be completed by January 15, 2009 with assay results anticipated by January 31, 2009.
The Lone Mountain property covers a large tonnage porphyry copper system with over 75,511 feet of historic drilling in 40 drill holes. The property hosts near surface oxide copper and high grade polymetallic skarn style mineralization similar and close to two open pit large tonnage porphyry copper mines in southwest New Mexico – the Tyrone and Santa Rita Chino mines owned and operated by Freeport- McMoRan Copper and Gold Inc.
Continent Resources Inc. holds a significant portfolio of copper properties in one of the world's most prolific copper-producing regions, in Arizona and New Mexico. This area is elephant country for copper, containing the greatest cluster of porphyry copper deposits anywhere in the world and making up over 10% of the world's copper production. Continent Resources Inc. is focused on the discovery of copper resources which are suitable for leaching. Lone Mountain, the Company's feature property is within sight of the large Tyrone and Chino porphyry copper deposits owned by Freeport-McMoRan.
For more information please visit: www.continentresources.com
In compliance with National Instrument 43-101, Michael R. Pawlowski, President of Continent Resource Inc., is the Qualified Person who prepared and supervised the preparation of the information that forms the basis for this news release.
On behalf of Continent Resources Inc.,
"Michael R. Pawlowski"
Michael R. Pawlowski
President and Director
Continent Resources Inc.
FORWARD LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the continued advancement of the company's general business development, research development and the company's development of mineral exploration projects. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Although Continent Resources Inc. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
The CNSX does not accept responsibility for the adequacy or accuracy of this release.