SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported: July 13, 2005
CHINA NETTV HOLDINGS, INC.
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(Exact name of registrant as specified in its charter)
Nevada 000-26217 98-0203170
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
World Trade Centre, Suite 536, 999 Canada Place, Vancouver, B.C. Canada V6C 3E2
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(Address of principal executive offices) (Postal Code)
Registrant's telephone number, including area code: (604) 641-1366
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions.
[_] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR240.14d-2(b))
[_] Soliciting material pursuant to Rule 14a-12 under Exchange Act
(17 CFR240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR240.13e-4(c))
Section 1 - Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
None
Item 1.02 Termination of a Material Definitive Agreement
None
Item 1.03 Bankruptcy or Receivership
None
Section 2 - Financial Information
Item 2.01 Completion of Acquisition or Disposition of Assets
None
Item 2.02 Results of Operations and Financial Condition
None
Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an
Off-Balance Sheet Arrangement of a Registrant
None
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial
Obligation or an Obligation Under an Off-Balance Sheet Arrangement
None
Item 2.05 Costs Associated with Exit or Disposal Activities
None
Item 2.06 Material Impairments
None
Section 3 - Securities Trading Markets
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or
Standard; Transfer of Listing
None
Item 3.02 Unregistered Sales of Equity Securities
None
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Item 3.03 Material Modification to Rights of Security Holders
None
Section 4 - Matters Related to Accountants and Financial Statements
Item 4.01 Changes in Registrant's Certifying Account
None
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related
Audit Report or Completed Interim Review
None.
Section 5 - Corporate Governance and Mangement
Item 5.01 Changes in Control of Registrant
None
Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
None
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal
Year
None
Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit
Plans
None
Item 5.05 Amendments to the Registrant's Code of Ethics, or Waiver of a Provi-
sion of the Code of Ethics.
None
Section 6 - [Reserved]
Section 7 - Regulation FD
Item 7.01 Regulation FD Disclosure
None
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Section 8 - Other Events
Item 8.01 Other Events
Ronald W. Thiessen, President and CEO of Continental Minerals Corporation,
and Anthony Garson, President and CEO of China NetTV Holdings Inc., announced
that the initial exploration drill holes have discovered broad intervals of
high-grade copper and gold mineralization at the Xietongmen copper-gold project,
located 240 kilometres southwest of Lhasa in Tibet, People's Republic of China.
Through a venture with China NetTV, Continental may earn a 60% interest in the
Xietongmen property by making payments and project expenditures of US$10 million
prior to November 9, 2007. Continental is the operator of the exploration
programs.
The Xietongmen property hosts porphyry-like, disseminated and
quartz-stockwork copper and gold mineralization within a four kilometre long
alteration zone that had previously been probed by two historical drill holes
spaced approximately 250 metres apart. Continental has commenced a grid drilling
program, designed to systematically delineate the copper-gold mineralization on
the property. Assay results to date show strong continuity of mineralization and
correlation between copper and gold values. Given the success of the initial
drilling, six drill rigs have been mobilized to site to rapidly delineate and
expand this significant new copper-gold discovery.
Holes 5007, 5009-5016, and 5018 have now been drilled. Core samples from
these holes are being moved through the data logging and assaying process and
further results will be reported when received. Drilling is ongoing with holes
5017, and 5019-23 currently being drilled. These holes extend the porphyry-like
copper and gold mineralization over an area measuring approximately 300 metres
by 300 metres and the discovery remains open in all horizontal directions, with
mineralized intervals thickening to the north.
As part of its commitment to responsible mineral development, Continental
has initiated a community relations program on behalf of the venture, designed
to establish an active dialogue with local residents in the Tibetan villages and
the various authorities in the region. The goal of this active engagement is to
ensure that the activities provide direct, tangible benefits for local residents
and communities, in a manner that respects local socio-economic priorities and
incorporates a standard of environmental management. At this early exploration
stage, the program has included providing employment opportunities for local
residents and assisting a community school to acquire operating resources.
Infrastructure for the project site includes a paved highway and a
hydroelectric transmission line that pass near to the southern boundary of the
property. The highway provides access to the city of Rikaze, approximately 53
kilometres to the east, where fuel, food, lodging and office facilities are
available. Other supplies, heavy equipment, equipment operators and vehicles are
readily obtainable in Lhasa.
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") 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
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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.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
A. Financial Statements - None
B. Exhibits - 99 - Press Release
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Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: July 14, 2005 China NetTV Holdings, Inc.
By: /s/ Anthony Garson
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Anthony Garson, President/CEO
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