EXHIBIT 99
CHINA NETTV HOLDINGS INC REPORTS FINDINGS ON TWO SIGNIFICANT COPPER-GOLD ZONES
AT ZEMUDUOLA PROPERTY
November 01, 2005, Vancouver, BC - Anthony Garson, President and CEO of China
NetTV Holdings Inc. (OTC.BB-CTVH), provides 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.
For further information:
Anthony Garson
China NetTV Holdings Inc.
Tel: 1(604) 641 - 1366
www.ctvh-holdings.com
No regulatory authority has approved or disapproved the information
contained in this news release.
This news release contains certain "Forward-Looking Statements" within the
meaning of Section 21E of the United States Securities Exchange Act of 1934, as
amended. 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 Company expects are
forward-looking statements. Although the Company believes 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, continuing 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 that actual
result or developments may differ materially from those projected in the
forward-looking statements. For more information on the Company, Investors
should review the Company's Annual Information Form with the United States
Securities Commission.
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.
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China NetTV Holdings Inc.
World Trade Centre Suite 536
999 Canada Place, Vancouver, BC V6C 3E2 CANADA
Tel: 1(604) 641-1366; Fax: 1(604) 641-1377
Webpage: www.ctvh-holdings.com;
Symbol: CTVH.OTCBB