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 27 , 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
DISCOVERY OF A MAJOR NEW COPPER-GOLD DEPOSIT INDICATED
AT XIETONGMEN PROPERTY, CHINA
On July 26, 2005, China NetTV Holdings Inc. announced that ongoing core drilling
by its co-venturer Continental Minerals Corp continues to intersect long
intervals of high-grade copper and gold mineralization at the Xietongmen
project, located 240 kilometres southwest of Lhasa in Tibet, People's Republic
of China Assay results to date show strong continuity of mineralization and
correlation between copper and gold values.s The discovery of a major new
porphyry copper-gold deposit is indicated.s Six drill rigs are on site with the
goal to systematically delineate the deposit which is open to expansion in all
lateral directions. The Xietongmen property hosts porphyry-like copper and gold
mineralization within a four kilometre long alteration zone that was initially
probed by China NetTV in 2004 with two historical drill holes spaced
approximately 250 metres apart. These two holes returned long intersections of
excellent copper and gold grades. Through a venture with China NetTV,
Continental can 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 on the property and has
commenced a grid drilling program to delineate the copper-gold mineralization.
As part of its commitment to responsible mineral development, the
Continental/China NetTV venture has initiated a community engagement program on
behalf of the venture. Even at this early stage, the project has been able to
provide some employment opportunities. In addition, project staff has met with
teachers at a community school to discuss what resources might be needed. School
buildings are in good condition and there are library materials and teaching
supplies, but since it is necessary for many of the children to board at the
school, there is a need for additional furniture and bedding to make eating
areas and dormitories more comfortable and functional, and the project has been
able to assist in the acquisition of some of these resources. 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 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.
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New results from drill holes numbered 5007 and 5009 through 5014 are reported in
Exhibit 99.10 attached hereto. For ease of reference, initial results released
on July 13, 2005 (holes 5001 through 5006 and 5008, and historic holes ZK301 and
ZK701) are also reported.
The long term goal of this active engagement is to ensure that project
activities provide direct, tangible benefits for local residents and
communities. Hence, active dialogue with the local residents in the Tibetan
villages and the various authorities in the region will be ongoing in order that
the project proceeds in a manner that respects local socio-economic priorities
and incorporates a high standard of environmental management.
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 Xigaze (population 130,000),
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.
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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 27, 2005 China NetTV Holdings, Inc.
By: /s/ Anthony Garson
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Anthony Garson, President/CEO
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