DRC Resources has received approval from the British Columbia Ministry of Energy and Mines for the commencement of the 2002 Afton Diamond Drill Program. The 2002 Drill Program is the continuation of the $4.7 million exploration program as recommended by the Company's independent engineer in the January 24, 2001 technical report. Drilling is scheduled to commence during the week of April 22, 2002.
DRC Resources has expended a total of $2.5 million on the Afton Copper-Gold Project during 2000 and 2001. The company has drilled 49 NQ Diamond Drill Holes totaling 23,800 metres (78,000 ft), of which 38 drill holes intersected the mineral zone, testing the copper-gold mineralization over a length of 850 metres (2800 ft). The Afton Copper-Gold Project is British Columbia's largest advanced exploration project according to the British Columbia Ministry of Energy & Mines Mineral Exploration Review 2001.
The 2002 Drill Program will initially focus on extending the Afton Main Zone towards surface and to the southwest beyond the previously outlined copper-gold mineralization. The mineral zone appears to widen towards the southwest and drilling will investigate its further potential. A summary of significant previously reported 2001 drill intersections for the southwest area are as follows:
2001 Diamond Drill Intersections
Diamond Drill Core Depth Copper Gold Palladium Silver Copper
Hole Length m % oz/t oz/t oz/t Equiv.
m (ft) %
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DDH 2K01-37 57 (187) 372-429 1.00 0.025 0.014 0.058 2.02
@ -55.7deg./120deg.
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DDH 2K01-39 103 (338) 470-573 1.30 0.033 0.003 0.081 2.03
@ -58.1deg./115 deg.
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DDH 2K01-41 40 (133) 804-844 1.16 0.020 0.004 0.058 1.69
@ -64deg./116 deg.
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DDH 2K01-42 204 (670) 550-754 1.53 0.035 0.006 0.073 2.38
@ -59.2deg./114 deg.
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DDH 2K01-44 263 (870) 320-583 1.58 0.0341 0.002 0.07 2.23
@ -62.2deg./228 deg.
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DDH 2K01-46 158 (520) 326-484 1.65 0.021 0.0002 0.068 2.03
@ -76.6deg./208 deg.
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DDH 2K01-49 105 (346) 457-562 1.45 0.03 0.002 0.74 2.10
@ -64deg./113deg.
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Assumed Metal Prices (US$): copper $0.80/pound, gold $280/oz, palladium
$600/oz, and silver $5/oz.
On behalf of the Board of Directors
"John H. Kruzick"
John H. Kruzick, President
DATE: April 23, 2002
U.S. Rule 12g3-2(b)Exemption
Moody's Investment Services Manual
Website: www.drcresources.com
The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the release.
WARNING: The company relies on litigation protection for "forward-looking" statements.
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