Vancouver, B.C., November 20, 2002 - DRC Resources Corporation (DRC--TSXV) is pleased to report the following results:
Diamond Drill Hole 65 (2K02-65) indicates continual widening of Afton Main Mineral Zone towards the Northwest beyond the 2000-2001 indicated mineral resource of 37.7 million tons of 2.32% Copper Equivalent. (Reference: April 25, 2002 Press Release, Afton Mineral Resource Study) To date the Copper-Gold Mineralization has been traced over an overall length of 1000 metre (3300 ft) and remains open along the strike length and to depth. Ongoing drilling is being conducted to further outline the extent of the mineralization.
DDH 2K02-65 @ -63°/115° intersected a higher grade interval assaying 3.61% Copper Equivalent over a 118 metre (387 ft) drill core length (apparent true width of 60 metres (197 ft)). This intersection was within an overall drill core length of 248 metres (814 ft) assaying 2.47% Copper Equivalent (apparent true width of 125 metres (410 ft)). Refer to drill location map attached to this press release.
ASSAY INTERSECTION FOR DDH 2K02-65
Core Length m (ft) |
Depth m |
Copper % |
Gold oz/t |
Palladium oz/t |
Silver oz/t |
Copper Equiv. % |
| 248 (814) |
338-586 |
1.65 |
0.031 |
0.003 |
0.138 |
2.47 |
| including |
|
|
|
|
|
|
| 118 (387) |
420-538 |
2.20 |
0.054 |
0.005 |
0.214 |
3.61 | Metal Prices US$: Cu $0.70/lb, Au $320/oz, Pd $300/oz, Ag $4.50/oz
2002 drilling indicates the mineral zone is still open beyond the indicated mineral resource boundary to the Northeast and the Southwest. Drilling continues 24 hours a day with 2 drill rigs. Additional holes are being drilled to extend the zone along trend and results will be announced accordingly.
DRC Resources Corporation is continuing with the overall $4.7 million Diamond Drill Program as recommended by its independent engineer. DRC is debt free and well financed to continue the Afton Copper-Gold Project, located in Kamloops, B.C.
For further information on DRC and the Afton Project, please visit our web site at http://www.drcresources.com or call us at 604-687-1629.
On behalf of the Board of Directors "John H. Kruzick" John H. Kruzick, President DATE: November 20, 2002 Shares Issued: 8,933,766 common shares U.S. Rule 12g3-2(b) Exemption CUSIP NO. 233296 10 2
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.
CAUTIONARY NOTE: Statements in this press release are a preliminary assessment of potential economics under a certain set of parameters and assumptions. The indicated mineral resource is not a mineral reserve and does not demonstrate economic viability. Further studies will be required to determine economic viability. The company relies on litigation protection for "forward-looking" statements.
Click here for accompanying map
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