Expatriate Resources Ltd
EXR VSE
November 5, 1996
Confirms Vms Discovery On Ice Property
EXPATRIATE RESOURCES LTD ("EXR-V;EXPTF-L")
- Confirms Vms Discovery On Ice Property
Alan R. Archer, Chief Financial Officer, announced Expatriate Resources Ltd. is pleased to
confirm discovery of volcanogenic massive sulphide (VMS) mineralization at the company's 100
percent owned Ice property in southeastern Yukon. The discovery has important economic
implications because the VMS mineralization has a much higher gross metal value than secondary
copper in previously announced holes due to significant bi-product metals plus a higher copper
grade. Assays for the discovery hole (IC96-34) are tabulated below.
Intersected
Hole No. Width Copper Cobalt Silver Gold
(m) (percent) (percent) (g/t) (g/t)
IC96-34 20.56 5.20 0.06 25.1 0.60
The drill intersection appears to be true width and exhibits sharp, conformable contacts with the
surrounding basalt wallrocks. The mineralization consists of massive, relatively coarse-grained
pyrite, bornite and chalcopyrite with minor chert gangue. It should be suitable for open pit mining
because the sulphide-bearing strata was intersected approximately 60 m below surface and dips at
about 40 degrees to the east, which is only slightly steeper than the slope of the overlying hillside.
Although the VMS discovery is located adjacent to a 450 m long, up to 200 m wide zone of
secondary copper mineralization (see attached map and refer to previous News Releases dated
July 29, September 4 and October 2 and 23), it is not likely to have been the source of the
secondary mineralization because it lies downhill and is unoxidized. The source is probably a
similar but undiscovered sulphide body lying north or northwest of the secondary copper zone.
Potential for additional VMS or secondary copper discoveries is excellent because the known
mineralization is open in several directions and drilling to date has only tested parts of six claims
within a property totalling 1081 claims. Helicopter-borne magnetic and electro-magnetic surveys
covering the entire property have just been completed and results are expected in about six weeks.
TEL: (604) 683-1610 Alan R. Archer Chief Financial Officer FAX: (604) 688-2578
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