Vancouver, April 16, 2002 -- DRC Resources has expended a total of $2.5 million on the Afton Copper-Gold Project during 2000 -- 2001, and the Company is continuing with the $4.7 million exploration program as recommended by its independent engineer in the January 24, 2001 report. To date the company 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.
DRC is pleased with the success of the Afton exploration program and the interest the project has generated from the mining industry and financial community. Confidentiality agreements have been signed with a number of mining companies and financial institutions after determining their level of interest, suitability as partner/investor, bulk underground mining expertise and financial capability. The Company believes it is sound business practice to only consider credible and reputable entities to whom it discloses its proprietary exploration data. Discussions on the Afton Project are continuing with a number of qualified mining companies and financial institutions with plans to advance the project to the next stage.
On behalf of the Board of Directors
"John H. Kruzick"
John H. Kruzick, President
DATE: April 16, 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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