Vancouver, February 6, 2002 -- The Canadian Venture Exchange (CDNX) has elevated DRC Resources Corporation to Tier 1 status in accordance with Policy 2.5, effective January 30, 2002.
British Columbia Ministry of Energy & Mines' Mineral Exploration Review 2001 indicates DRC Resources' Afton Mine Project is British Columbia's largest advanced exploration project. In two years the Company has expended over $2 Million in exploration, drilling 49 Diamond Drill Holes for a total of 23,800 metres (78,000 ft).
In 2001 DRC Resources increased the Afton Indicated Mineral Resource by 11.57 Million Tonnes to 34.07 Million Tonnes (37.5 Mil. Tons) of 2.75% Copper Equivalent (1.83% Copper, 0.04 oz/t Gold, 0.003 oz/t Palladium, 0.16 oz/t Silver), with an additional Inferred Mineral Resource of 5.91 Million Tonnes (6.5 Mil. Tons) of 1.65% Copper Equivalent (1.05% Copper, 0.023 oz/t Gold, 0.004 oz/t Palladium, 0.10 oz/t Silver). Diamond Drilling has tested the mineral zone for 850 metres (2800 ft) in length and to 775 metres (2550 ft) in depth. (Metal Values US$: Cu $0.80/pound, Au $280/oz, Pd $600/oz, and Ag $5/oz). (Reference: J.J. McDougall, P.Eng., Afton Mine Property 2001 Mineral Resource Study, dated November 20, 2001)
An updated mineral resource study and the 2002 exploration budget is being prepared.
On behalf of the Board of Directors
"John H. Kruzick"
John H. Kruzick, President
DATE: February 6, 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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