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Gold/Mining/Energy : Western Pacific Gold WPI
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To: The Barracuda™ who wrote (14)2/24/1998 3:07:00 PM
From: Kent C.  Read Replies (1) of 32
 
Feb. 24 - WPI.ASE -Further Mineralization at Koloula Valley, Solomon Islands

From SI Daily News: Subject 17869

The President of Western Pacific Gold Inc., Mr. Nicholas Mather, announces that a program of mapping,
rock chip sampling and soil sampling at the Chikora gold copper
prospect, and reinterpretation of previous radiometric data has
defined a 3.6km2 tonalite porphyry system in a structurally
dilatant zone. Up to 0.47 g/t and 8800 ppm copper were defined in
soil samples over mineralised porphyry at Chikora, within the
potassic dilatant zone.

WPI is awaiting sampling results from ridges and spurs at Mbina in
the Koloula River Valley and prospects at Koo and Pepechichi in
the Koo River Valley.

Western Pacific Gold Inc. is a southwest pacific rim exploration
company that has projects located in Papua New Guinea and the
Solomon Islands. WPI is currently well funded with just under CAD
$3M in cash reserves and has a strong major shareholder in Iscor
Ltd., a major South African steel and mining company.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Western Pacific Gold Inc.
Nick Mather
President
617 3229 4766
or
Western Pacific Gold Inc.
D.P. Caron
V.P.
(403) 496-9171
(403) 496-9172 (FAX)

The Alberta Stock Exchange has neither approved nor disapproved
the information contained herein.
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