Vancouver, B.C., October 23, 2002 - DRC Resources (DRC - TSX Venture) is pleased to report the following results:
Diamond Drill Hole 2K02-62 has extended the Afton Main Mineral Zone 120 metres (400 ft) beyond the 2000-2001 indicated mineral resource boundary 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 metres (3300 ft) and is still open.
DDH 2K02-62 @ -69°/125° assayed 2.21% Copper Equivalent for a 78 metre (255 ft) drill core length across the mineral zone.
ASSAY INTERSECTIONS FOR DDH 2K02-62
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Core Length Depth Copper Gold Palladium Silver Copper
m (ft) m % oz/t oz/t oz/t Equiv.%
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78 (260) 712-790 1.51 0.030 - 0.072 2.21
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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. Additional holes are being drilled to extend the zone along trend.
On behalf of the Board of Directors
"John H. Kruzick"
John H. Kruzick, President
DATE: October 23, 2002
Shares Issued: 8,933,766 common shares
U.S. Rule 12g3-2(b)Exemption
Website: 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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