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Gold/Mining/Energy : Stealth Mining Corp. [SAL:ASE]

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To: Dav!d who wrote (70)	9/10/1997 12:57:00 PM
From: StockPro	of 130

Hi David ... let's hope you're right! Here's the latest news release ... looks good! Pine zone initial drilling results Stealth Mining Corp SAL Shares issued 7600000 1997-09-09 close $0.69 Wednesday Sep 10 1997 Mr Bradley Jones reports The company has commenced the initial drilling results (three holes 1997-1, 1997-2 and 1997-3) from its 1997 diamond drilling program of a minimum of 5000 feet (approximately 1700 metres) in the Pine zone of its core property in Northern BC in the southern part of the Toodoggone gold district. Previous drilling identified a large gold rich porphyry copper system (Pine zone) indicating a geological reserve of 40 million tonnes grading 0.57 g/t gold (approximately 700,000 troy oz) and 0.15% copper (approximately 115,000,000 lb). The property is approximately 8km north of the Kemess gold copper deposit which is being readied for production by Royal Oak Mines in the second quarter of 1998. Hole 1997-1 Drill hole 1997-1 was stepped out approximately 100 metres northwest of the initial drilling. The hole was drilled at an angle of 60 degrees and to a length of 90.9 metres. Mineralization occurred from 13.0 metres to 90.9 metres and samples assayed up to 1.03 g/t gold (over a width of 3.4 metres) and 0.24% copper (over a width of 2.1m). From metre 28.0 to metre 44.5 for a total of 16.5 metres weighted average grades returned 0.66 g/t gold and 0.13% copper. Drill Hole 1997-2 Drill hole 1997-2, approximately 700 metres northeast of drill hole 1997-1, was drilled at an angle of 60 degrees to a length of 160 metres. The hole was mineralized from 9.1 metres to 157.0 metres and samples assayed up to 1.69 g/t gold (over a width of 3.0m) and 0.18% copper (over a width of 3.0m). From metre 98.2 to metre 138.0 for a total of 39.8 metres weighted average grades returned 0.64 g/t gold and 0.08% copper. Drill Hole 1997-3 Drill hole 1997-3, approximately 200 metres south of drill hole 1997-1 and approximately 800 metres southeast of drill hole 1997-2, was drilled at an angle of 45 degrees to a length of 169.5 metres. The hole was mineralized from 5.3 metres to 164.9 metres and samples assayed up to 5.21 g/t gold (over a width of 1.0 metres) and 0.40% copper (over a width of 1.1 metres). From metre 77.1 to metre 89.0 for a total of 11.9 metres weighted average grades returned 0.73 g/t gold and 0.30% copper. These drilling results support the potential for a much larger reserve from the original 40 million tonnes grading 0.57 g/t gold (approximately 700,000 troy oz) and 0.15% copper (approximately 115 million lb). It is the company's goal to develop the Pine zone into a large gold copper porphyry deposit similar to Southern Kemess. The drilling is continuing and future results will be released as assays are received.

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