Vancouver, B.C., May 22, 2003 - DRC Resources Corporation (DRC-TSX) is pleased to report the following copper-gold assay results from two infill diamond drill holes 2K03-79 and 2K03-80, collared in the location of DDH 2K02-76 and 2K-19 respectively. These drill holes confirm the continuity of the mineral grade for these areas of the Afton mineral zone. (Refer to Diamond Drill Plan on DRC Resources Website)
DDH 2K03-79 @ -83°/143° assayed 1.68% Copper Equivalent over a drill core length of 224 metres (735 ft). A higher grade interval within the overall intersection assayed 1.87% Copper Equivalent over 120 metres (394 ft). 2K03-79, collared near the southwest end of the main zone, appears to have intersected the eastern (hangingwall) contact area of the mineral zone.
DDH 2K03-80 @ -90° assayed 0.70% Copper Equivalent over a drill core length of 208 metres (682 ft). 2K03-80, collared midway along the main zone, appears to follow the western (footwall) contact of the mineral zone for this area.
ASSAY INTERSECTIONS FOR DDH 2K03-79Core Length m
(ft) | Depth
m | Copper
% | Gold
g/t | Palladium
g/t | Silver
g/t | Copper Equiv.
% | | 224 (735) | 608-832 | 1.13 | 0.739 | 0.082 | 2.319 | 1.68 | | Including | | | | | | | | 120 (394) | 612-732 | 1.24 | 0.846 | 0.080 | 2.520 | 1.87 |
ASSAY INTERSECTION FOR DDH 2K03-80Core Length m
(ft) | Depth
m | Copper
% | Gold
g/t | Palladium
g/t | Silver
g/t | Copper Equiv.
% | | 208 ( 682) | 306-514 | 0.44 | 0.311 | 0.143 | 0.991 | 0.70 |
Metal Prices employed in calculating copper equivalent US-: Cu -0.75/lb, Au -350/oz, Pd -150/oz, Ag -4.50/oz
To date the Copper-Gold Mineralization has been traced over an overall length of 1000 metres (3300 ft). The infill diamond drill program confirms the continuity of the grade of mineralization and will increase the level of confidence for the 2003 Afton Mineral Resource Study and Pre-Feasibility Study, presently in progress.
The company and its exploration personnel implemented a Quality Assurance Program as part of a formal Exploration Practices Policy under the supervision of the company's principal technical consultant, James J. McDougall, P. Eng., a Qualified Person as defined by National Instrument 43-101. All mineralized diamond drill core was logged, photographed, split by diamond saw, and sampled in 2 metre (6.6 ft) intervals. One split section of all mineralized core is retained in secured storage for future reference. Samples for assay were transported by (Eco-Tech employees) to Eco-Tech Laboratory Ltd. of Kamloops, B.C. for analysis for copper, gold, silver and palladium. Copper is analyzed by Aqua Regia digestions and A.A. finish. Gold and palladium are analyzed with conventional fire assay with an A.A. finish. Silver geochemical analysis is by Aqua Regia digestion and A.A. finish. Eco Tech Laboratory Ltd. of Kamloops are British Columbia Certified Assayers who participated in the National Canmet Proficiency Testing and maintain their own in-house Quality Assurance and Quality Control Program. They have been in the analytical testing business for 27 years, and are familiar with assaying the Afton samples. The Company's independent Qualified Person, James J. McDougall, P.Eng., has reviewed the drill core logs and assays contained in this Press Release.
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: May 22, 2003
Shares Issued: 9,136,766 common shares
U.S. Rule 12g3-2(b) Exemption
Standard & Poors' Exemption
CUSIP NO. 233296 10 2
The Toronto Stock Exchange (TSX) 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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