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: November 1, 2005
CHINA NETTV HOLDINGS, INC.
--------------------------------
(Exact name of registrant as specified in its charter)
Nevada 000-26217 98-0203170
- ------------------ ---------------- ------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
830-789 West Pender Street, Vancouver, B.C. Canada V6C 1H2
- ------------------------------------------------------ ---------
(Address of principal executive offices) (Postal Code)
Registrant's telephone number, including area code: (604) 689-4407
--------------
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
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
Section 8 - Other Events
Item 8.01 Other Events
On November 01, 2005, Vancouver, BC - Anthony Garson, President and CEO of China
NetTV Holdings Inc., provided an updated report on two copper-gold zones at the
Zemuduola property located 10 km west of its copper-gold discovery at
Xietongmen. Continental Minerals Corporation (TSX-KMK) may earn a 60% interest
in the Xietongmen property by spending $10 million before November 9, 2007.
China NetTV Holdings Inc. has option to earn a 60% of the Rights/Permits to the
Zemuduola property in 2005 as an addition to a portfolio of properties totaling
151.4 sq km surrounding the Xietongmen discovery. The 17.96 square km Zemuduola
property is situated approximately 245 km southwest of Lhasa, Tibet, China.
Prior to 2005
Numerous gossans and alteration zones occur on the property. The property is
underlain by intermediate volcanic rocks, several intrusions and contains a
small limestone showing at the peak of the property. The property is prospective
for porphyry style mineralization and lies in the "northwest trending Xietongmen
mineralized corridor"
The Zemuduola property exhibits two major distinctive mineralized alteration
zones: Zone 1 and Zone 2. Zone 2 is the largest mineralized showing on the
properties outside of Xietongmen. About 90% of the surface mineralization occurs
as copper oxides.
Zone 1 trending east-west is approximately 16 meters wide by 900 meters long.
The zone is reached by a newly completed 18 km access road.
o Zone 1 is cut by two trenches, TC1 & TC2. TC1, located at the west end of
the zone is 44 meters in length and was channel sampled at two meter
intervals for 44 meters. The interval 4 meters to 32 meters returned a
weighted average grade of 1.24 g/mt gold and 1.57 % copper. Insignificant
values were returned between 0m-4m and 32m-44m.
o TC2, located approximately 250 meters to the east of TC1 is 41 meters in
length and was channel sampled in two locations. The interval 3 meters to 7
meters returned a weighted average grade of 0.36 g/mt gold and 1.21%
copper. Insignificant values were returned between 27m-31.5m. No assays
were taken between 7m-27m & 31.5m-41m.
o A number of additional shallow trenches in the proximity of zone 1 indicate
significant channel sample assays taken over two meter intervals:
o BT5-H1 (4m-6m, 0.47 g/mt gold & 1.20% copper), BT5-H2 (9m-11m, 0.09 g/mt
gold & 0.69% copper),
o BT14-H1 (3m-4m, 0.42 g/mt gold & 1.58% copper), BT14-H2 (4m-5m, 0.60 g/mt
gold & 1.14% copper),
o BT17-H1 (7m-9m, 0.92 g/mt gold & 0.37% copper)
o BT18-H1 (1m-3m, 2.23 g/mt gold & 4.35% copper), BT18-H2 (7m-9m, 0.65 g/mt
gold & 0.85% copper).
Zone 2, trending east-west, two km north of Zone 1 is approximately 300 meters
wide by 600 meters in length
Zone 2 is cut by trench TC6, 35 meters in length. Two meter interval channel
samples in TC6 taken from 17 meters to 25 meters returned a weighted average
assay value of 3.46 g/mt gold and 0.67 % copper (samples capped at 10 g/mt). Two
meter interval channel samples in TC6 taken from 29 meters to 33 meters returned
a weighted average assay value of 8.11 g/mt gold and 1.98 % copper (samples
capped at 10 g/mt). Insignificant values were returned between 3m-7m, 9m-11m. No
assays were taken between 11m-17m and 33m-35m.
Zone 2, is trenched by TC7, TC5 and TC16
o TC7 is 144 m in length. Two meter channel samples representing seven
individual mineralized zones totaling 64 meters, returned a weighted
average value of 2.53 g/mt gold and 0.74% copper. No assays were reported
between 0m-6m, 24m-25m, 31m-41m, 56m-65m, 79m-109m and 115m-136m.
o Trenches TC5 & TC16 are about 200 meters apart. TC5 is 26m in length. TC5
returned a two meter channel (7 m-9 m) assay of 1.01 g/mt gold and 0.055 %
copper. A second two meter (9m-11m) channel sample assayed 0.25 g/mt and
0.40 % copper. Assays between 20m-26m returned insignificant values. Trench
TC16 is 60 meters in length. Two meter channel samples assayed between 8
meters to 60 meters returned a weighted average value of 0.61 g/mt gold and
0.79 % copper. Insignificant values were returned between 0m-8m. Current
Work Program 2005
In conjunction with Chinese advisors and an independent consultant, the Company
instigated a work program on the Zemuduola property in June 2005 to be completed
by year-end 2005. (Press Release June 29, 2005) A decision was made to complete
an eighteen km road through the Zemuduola property in order to more readily
access the above zones and additional anomalous targets located on both the
Zemuduola and the adjacent Donggapu property. The road allowed mobilization of
trenching and bulldozer equipment and a drill rig as a prelude to a planned
diamond-drilling program. The field work comprising a budget of $454,000 has
been allocated to this project.
Allocated Field Work:
o 1: 2,000 geological mapping survey covering 4.5 sq. km
o Geophysical survey covering 9 km
o Trenching program- 3,000 cu. meters
o Potential adits-107 meters. Zone 2
o 1500 meters drilling
As at September 30, 2005, the field teams had completed the geological mapping
survey, geophysical survey and 1,103 meters of trenching designated as TC05-01,
TC05-02, TC05-03 and TC05-04. A drill program commenced August 23, 2005 at Zone
2. As of September 30, 2005, vertical hole ZK801 had been completed to a depth
of 226.4 meters designed to test the continuity of the mineralized zone to
depth. Completion of the hole and assay results from the trenching and drill
core is pending.
o China NetTV Holdings Inc. can earn a 60% interest in the property, 100%
owned by Jiaertong Minerals Explorations Ltd. by incurring exploration
expenditures of no less than US$400,000 over twelve months.
o All samples are delivered by the College of Earth Sciences, Chengdu
University of Technology and analyzed by the Southwest Research Institute
of Metallurgy-Lab, Shanxi, China. Results are certified by the National
Measure Authority of China. The qualified person for this project is
Professor Tang, Juxing Ph. D., P. Geo.
o Trench sampling and analytical results were verified during a recent
property visit by Marc Prefontaine, M.Sc., P.Geo., a qualified person under
NI 43-101. Mr. Prefontaine collected independent samples from the trenches
and personally delivered his samples to ALS Chemex Laboratories in
Vancouver for analysis. Mr. Prefontaine reported to the Company that the
sampling was carried out by the China NetTV Holdings Inc. field crew in a
proper manner and that overall, the assay results from his samples verified
that the assay results reported by the Company are within an acceptable
range.
o Maps, photographs and additional information are available on CTVH website
at www.ctvh-holdings.com.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
A. Financial Statements - None
B. Exhibits - 99 Press Release
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: November 2, 2005 China NetTV Holdings, Inc.
By: /s/ Maurice Tsakok
----------------------------------------
Maurice Tsakok, Director