Continental Minerals Corporation
TSX VENTURE : KMK
OTC Bulletin Board : KMKCF

Continental Minerals Corporation
China NetTV Holdings Inc.
OTC Bulletin Board : CTVH

China NetTV Holdings Inc.

October 17, 2005 09:30 ET

Continental Minerals Corporation and China NetTV Holdings Inc.: More Excellent Results from Xietongmen Copper-Gold Deposit Discovery

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 17, 2005) - Ronald W. Thiessen, President and CEO of Continental Minerals Corporation (TSX VENTURE:KMK)(OTCBB:KMKCF), and Anthony Garson, President and CEO of China NetTV Holdings Inc. (OTCBB:CTVH), announce results from two new core holes completed at the Xietongmen project, located 240 kilometres southwest of Lhasa in Tibet, People's Republic of China. Drilling, with six rigs in operation, is ongoing and continues to intersect long intervals of high-grade copper and gold mineralization. Assay results consistently show the strong continuity of the mineralization and the deposit remains open to expansion in all lateral directions.

New results from drill holes numbered 5020 and 5026 are reported below and a table of all drill hole assay results to date is attached. A Property Location Map, a Drill Hole Plan and Cross Sections are posted on the partner's websites at www.continentalminerals.com & www.ctvh-holdings.com. Drilling of holes 5023, 5045, 5046, 5047, 5048 and 5049 is currently underway at the site. Sampling or assaying of holes 5017 and 5027 through 5044 is in progress.



XIETONGMEN PROJECT NEW ASSAY RESULTS
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Inter- Inter- Cu Au CuEQ AuEQ
Drill From To cept cept (1) (1) (2) (2)
Hole (metres) (metres) (metres) (feet) % g/t % g/t
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5020 80.0 288.0 208.0 682 0.54 0.69 0.94 1.61
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5020 Incl. 106.0 142.0 36.0 118 0.78 0.78 1.24 2.12
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5020 Incl. 187.0 233.0 46.0 151 0.73 0.83 1.21 2.08
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5026 47.0 324.0 277.0 909 0.44 0.66 0.83 1.42
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5026 Incl. 168.0 288.0 120.0 394 0.56 0.90 1.08 1.85
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5026 Incl. 248.0 288.0 40.0 131 0.66 1.39 1.48 2.53
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(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.
CuEQ equals Cu % + (Au g/t x 12.86/22.046)
AuEQ equals (Cu % x 22.046/12.86) + Au g/t


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") programs 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.

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.




XIETONGMEN ASSAY TABLE
OCTOBER 14, 2005
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Inter- Inter- Cu Au CuEQ AuEQ
Drill From To cept cept (1) (1) (2) (2)
Hole (metres) (metres) (metres) (feet) % g/t % g/t
--------------------------------------------------------------------
ZK0301 34.6 269.2 234.6 770 0.47 0.58 0.81 1.39
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ZK0301 Incl. 64.7 180.3 115.6 379 0.57 0.68 0.97 1.66
--------------------------------------------------------------------
ZK0701 25.4 231.9 206.5 677 0.66 1.43 1.49 2.55
--------------------------------------------------------------------
ZK0701 Incl. 25.4 118.1 92.7 304 0.97 1.96 2.12 3.63
--------------------------------------------------------------------
5001 15.8 277.6 261.8 859 0.41 0.60 0.76 1.30
--------------------------------------------------------------------
5001 Incl. 44.6 70.0 25.5 84 0.74 0.81 1.22 2.09
--------------------------------------------------------------------
5002 8.6 259.9 251.3 824 0.55 0.82 1.02 1.75
--------------------------------------------------------------------
5002 Incl. 44.5 77.2 32.7 107 0.96 0.77 1.41 2.42
--------------------------------------------------------------------
5003 2.5 226.1 223.6 734 0.37 1.05 0.99 1.70
--------------------------------------------------------------------
5003 Incl. 99.1 123.2 24.1 79 0.92 2.45 2.35 4.02
--------------------------------------------------------------------
5004 46.5 294.0 247.5 812 0.57 0.67 0.96 1.65
--------------------------------------------------------------------
5004 Incl. 46.5 188.0 141.5 464 0.70 0.77 1.15 1.97
--------------------------------------------------------------------
5005 20.4 200.0 179.6 589 0.36 0.53 0.67 1.15
--------------------------------------------------------------------
5005 Incl. 20.4 122.5 102.1 335 0.43 0.63 0.80 1.37
--------------------------------------------------------------------
5006 18.7 242.7 224.0 735 0.49 0.76 0.94 1.61
--------------------------------------------------------------------
5006 Incl. 18.7 121.6 102.9 338 0.71 0.99 1.28 2.20
--------------------------------------------------------------------
5007 41.2 97.0 55.8 183 0.88 0.29 1.05 1.80
--------------------------------------------------------------------
5007 151.0 195.0 44.0 144 0.22 0.70 0.63 1.08
--------------------------------------------------------------------
5008 17.0 306.0 289.0 948 0.63 1.07 1.25 2.14
--------------------------------------------------------------------
5008 Incl. 40.2 70.0 29.8 98 1.05 0.89 1.57 2.69
--------------------------------------------------------------------
5008 Incl. 155.0 181.3 26.3 86 0.98 1.67 1.95 3.35
--------------------------------------------------------------------
5009 82.0 137.5 55.5 182 0.42 0.47 0.69 1.19
--------------------------------------------------------------------
5010 36.7 122.0 85.3 280 0.63 0.50 0.91 1.57
--------------------------------------------------------------------
5010 Incl. 41.0 88.2 47.2 155 0.81 0.55 1.13 1.93
--------------------------------------------------------------------
5010 and 41.0 63.0 22.0 72 1.08 0.69 1.48 2.54
--------------------------------------------------------------------
5011 45.3 301.9 256.6 842 0.66 0.89 1.18 2.03
--------------------------------------------------------------------
5011 Incl. 45.3 184.0 138.7 455 0.80 0.94 1.35 2.31
--------------------------------------------------------------------
5011 Incl. 254.0 300.0 46.0 151 0.70 1.04 1.30 2.23
--------------------------------------------------------------------
5012 24.0 332.5 308.5 1012 0.87 1.25 1.60 2.75
--------------------------------------------------------------------
5012 Incl. 24.0 106.0 82.0 269 1.36 0.83 1.84 3.16
--------------------------------------------------------------------
5012 and 24.0 61.0 37.0 121 2.15 0.62 2.52 4.31
--------------------------------------------------------------------
5012 Incl. 119.1 332.5 213.4 700 0.72 1.44 1.56 2.68
--------------------------------------------------------------------
5013 42.0 349.4 307.4 1009 0.64 0.76 1.09 1.87
--------------------------------------------------------------------
5013 Incl. 66.0 176.0 110.0 361 0.83 0.89 1.35 2.32
--------------------------------------------------------------------
5014 76.0 304.0 228.0 748 0.51 0.84 1.00 1.71
--------------------------------------------------------------------
5014 Incl. 76.0 112.0 36.0 118 0.74 0.91 1.27 2.17
--------------------------------------------------------------------
5014 Incl. 171.0 211.0 40.0 131 0.59 0.94 1.14 1.95
--------------------------------------------------------------------
5015 48.3 363.9 315.6 1035 0.61 1.11 1.26 2.16
--------------------------------------------------------------------
5015 Incl. 182.0 232.0 50.0 164 0.79 1.49 1.65 2.84
--------------------------------------------------------------------
5015 Incl. 253.3 344.0 90.7 298 0.62 1.53 1.51 2.59
--------------------------------------------------------------------
5016 87.0 339.0 252.0 827 0.55 0.79 1.01 1.73
--------------------------------------------------------------------
5017 Results Pending
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5018 12.0 208.0 196.0 643 0.59 0.81 1.06 1.82
--------------------------------------------------------------------
5018 Incl. 22.0 167.0 145.0 475 0.63 0.84 1.12 1.91
--------------------------------------------------------------------
5019 38.0 46.0 8.0 26 0.72 0.08 0.76 1.31
--------------------------------------------------------------------
5019 66.0 365.0 299.0 981 0.56 0.80 1.02 1.75
--------------------------------------------------------------------
5019 Incl. 92.1 201.0 108.9 357 0.71 0.94 1.26 2.16
--------------------------------------------------------------------
5019 Incl. 315.9 362.6 46.7 153 0.61 1.08 1.24 2.13
--------------------------------------------------------------------
5020 80.0 288.0 208.0 682 0.54 0.69 0.94 1.61
--------------------------------------------------------------------
5020 Incl. 106.0 142.0 36.0 118 0.78 0.78 1.24 2.12
--------------------------------------------------------------------
5020 Incl. 187.0 233.0 46.0 151 0.73 0.83 1.21 2.08
--------------------------------------------------------------------
5021 53.0 374.0 321.0 1053 0.55 1.03 1.15 1.97
--------------------------------------------------------------------
5021 Incl. 53.0 297.0 244.0 801 0.62 1.11 1.27 2.17
--------------------------------------------------------------------
5021 and 119.0 297.0 178.0 584 0.68 1.36 1.47 2.52
--------------------------------------------------------------------
5021 Incl. 306.1 315.0 8.9 29 0.73 1.34 1.51 2.58
--------------------------------------------------------------------
5022 16.0 211.0 195.0 640 0.60 0.84 1.09 1.86
--------------------------------------------------------------------
5022 Incl. 119.0 187.0 68.0 223 0.78 1.03 1.38 2.36
--------------------------------------------------------------------
5023 Results Pending
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5024 113.0 370.6 257.6 845 0.60 0.94 1.15 1.96
--------------------------------------------------------------------
5024 Incl. 154.3 306.0 151.7 498 0.80 1.25 1.53 2.62
--------------------------------------------------------------------
5025 100.0 316.0 216.0 709 0.56 0.95 1.11 1.91
--------------------------------------------------------------------
5025 Incl. 158.0 316.0 158.0 518 0.57 1.10 1.21 2.07
--------------------------------------------------------------------
5026 47.0 324.0 277.0 909 0.44 0.66 0.83 1.42
--------------------------------------------------------------------
5026 Incl. 168.0 288.0 120.0 394 0.56 0.90 1.08 1.85
--------------------------------------------------------------------
5026 Incl. 248.0 288.0 40.0 131 0.66 1.39 1.48 2.53
--------------------------------------------------------------------
(1) Copper capped at 5%, gold capped at 10 g/tonne 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.
CuEQ equals Cu % + (Au g/t x 12.86/22.046)
AuEQ equals (Cu % x 22.046/12.86) + Au g/t


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

Contact Information

  • China NetTV Holdings Inc.
    Shawn Wallace
    Investor Relations
    (604) 684-6365 or Toll Free: 1 800 667·2114
    (604) 684-8092 (FAX)
    www.continentalminerals.com
    or
    China NetTV Holdings Inc.
    Tony Garson
    (604) 641-1366
    (604) 641-1377 (FAX)
    www.ctvh-holdings.com