May 12, 1998 RDK:VSE
Press Release #98-02
DRILLING TO BEGIN AT REMAC ZINC PROJECT
Drilling will begin in early June at Redhawk's Remac Zinc Project, located 20 miles south-east of Cominco's zinc-lead smelter complex at Trail, B.C.
The drilling contract was signed yesterday. Drilling will commence within a week of the drill's arrival at the property on June 5.
The Remac Zinc Project has four SEDEX orebodies that are the faulted extensions of orebodies mined on the adjoining Reeves-MacDonald mine, which operated from 1949-1975. The extension of the Annex Zone orebody was discovered with holes 87-1 and 88-1 in 1987 and 1988 respectively.
The initial drilling program is designed to extend the Annex orebody downplunge.
In his report of February 4, 1988, the Company's Geological Consultant, Mr. Ralph Westervelt states "The present review clearly indicates a major potential for developing significant new sulphide reserves on Redhawk's property. Drilling in 1986-88 essentially confirmed the faulted continuity of three of the ore zones (Annex, Annex West and Redbird) immediately west of the old Reeves MacDonald Mine with a potential reserve of some 5 million tons averaging about 8% Zn, 3% Pb, 0.05% Cd and 2 opt Ag....Further sulphide target areas have been defined with a reserve potential estimated at another 9 million tons."
On behalf of the Board of Directors
Kristian Ross, President
For more information, contact
Kristian Ross Fred Davidson
(250)-494-7620 (604)-681-9501
The Vancouver Stock Exchange has neither approved nor disapproved the contents of this release.
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