June 15, 1998 RDK:VSE
Press Release #98-03
DRILLS ARE TURNING AT REMAC ZINC PROJECT
A four-intersection drill program is now underway at Redhawk's Remac Zinc Project, located 20 miles south-east of Cominco's zinc-lead smelter complex at Trail, B.C.
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 1949-75. The extension of the Annex Zone orebody was discovered with holes 87-1 and 88-1.
This drill program is designed to develop the Annex Zone downplunge from the previous ore intersections. From a downhole location above the Zone, the directionally controlled drill will target intersections downplunge from 87-1 and 88-1.
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 other good news is that RDK has been able to re-enter the old drill hole 87-1, saving the company a lot of time and money. We should be able to get back to the market with news about a month earlier than we initially expected. We were also able to secure a brand new directional drill and a seasoned directional driller, both are very specialized items |
