Continental Precious Minerals Inc.

Continental Precious Minerals Inc.

October 30, 2007 08:43 ET

Continental Precious Minerals Inc.: Metallurgical Report

TORONTO, ONTARIO--(Marketwire - Oct. 30, 2007) - Continental Precious Minerals Inc. (TSX:CZQ)(the "Company" or "Continental") is pleased to announce that it has received a metallurgical report from SGS Lakefield Research Ltd. on several core samples from the Skuppesavon, Pleutajokk, Sagtjarn, Lill-Juthatten, Kvarnan, Bjorkramyran and Nojdfjallet licences (part of the HRU Group of licences). These samples were subject to acid leach test work aimed at evaluating various process parameters and their impact on uranium. A main composite was produced from the 7 samples received and used for scoping level leach test.

The ore leached readily in moderately acidic solutions resulting in 95% uranium extraction after about 12 hours with an acid addition of about 40 kg/t H2SO4 and oxidant addition of 2.0 kg/t NaClO3 at ambient temperature.

The individual composites also revealed high uranium extractions, better than 95%, with the exceptions of Kvarnan and Bjorkramyran. It is likely that the results for these two mineralizations could be improved with additional test work.

The main composite was also subjected to simulated heap leach tests (bench scale bottle roll tests) and revealed that with a fairly fine crush size (nominally 1/4"), 60% of the contained uranium reported to the leach solution after 20 days.

Alex Mezei, P.Eng., Director Engineering Technology Services of SGS Lakefield Research Ltd., a qualified person under National Instrument 43-101, is responsible for the technical disclosure contained in this news release.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements regarding the Company's expectation that results could be improved with additional test work. The Company will be continuing with additional metallurgical testing and the results from such testing are not known. The forward-looking statements contained in this news release represents the Company's views and expectations as of the date of this release and should not be relied upon as representing its views and expectations at any subsequent date.

Contact Information

  • Continental Precious Minerals Inc.
    Ed Godin
    (416) 805-3036