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Vancouver, B.C., November 6, 2002 --- DRC Resources Corporation (DRC--TSX Venture) is pleased to report the following results:
Diamond Drill Hole 63 (2K02-63) indicates widening of Afton Main Mineral Zone towards the Northwest boundary 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 is still open. Ongoing drilling is being conducted to further outline the extent of the mineralization.
DDH 2K02-63 @ -63°/107° assayed 2.31% Copper Equivalent for 40 metre (130 ft) and 2.10% Copper Equivalent for 142 metre (540 ft) of drill core length across the mineral zone.
ASSAY INTERSECTIONS FOR DDH 2K02-63
Core Length
m (ft) | Depth
m | Copper
% | Gold
oz/t | Palladium
oz/t | Silver
oz/t | Copper Equiv.
% | | 40 (130) | 306-346 | 1.32 | 0.033 | 0.008 | 0.0171 | 2.31 | | 142 (540) | 418-560 | 1.59 | 0.018 | 0.002 | 0.166 | 2.10 |
Metal Prices US$: Cu $0.70/lb, Au $320/oz, Pd $320/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 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 6, 2002
Shares Issued: 8,933,766 common shares
U.S. Rule 12g3-2(b) Exemption
Website: http://www.drcresources.com
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.
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