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Gold/Mining/Energy : Raindrop Resources Ltd

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To: B. Thomson who wrote (165)	10/19/1998 7:54:00 PM
From: steamer	Read Replies (1) of 178

FOR IMMEDIATE RELEASE October 19, 1998 Calgary, Alberta: Raindrop Resources Ltd. is pleased to report that it has received conditional approval from The Alberta Stock Exchange to proceed with the acquisition announced on September 22, 1998. As a result of this approval, Raindrop will proceed with an initial field program on the Santa Maria Property in Chihuahua State, Mexico. The Santa Maria Property is comprised of six claim blocks totaling 6981 contiguous hectares located 230 kilometres southwest of the city of Chihuahua. This revised total claim area is 300 hectares larger than reported on Raindrop's September 22, 1998 press release because it includes another claim block that has most recently been granted. The property is bordered on three sides by Francisco Gold Corporation's claims, lies within the Sierra Madre Precious Metals Belt and the historic Batopilas Mining District. The southwest boundary is approximately six km from Francisco Gold's El Sauzal deposit. This field program will begin with verifying assay results received in May 1998 by Hexagon Resources. This phase will be followed by mobilizing a drilling rig to core the optimum targets. The previous assays were performed by Chemex Labs on grab samples collected by Jack Bolen (Hexagon). Three separate types of mineralized deposits were sampled by Jack Bolen on the properties: 1) Epithermal Vein deposit (San Jose veins) 2) Polymetallic Skarn deposit (Val zone) 3) Fault hosted disseminated gold deposit (Santa Maria claim block) The San Jose claim block includes vein #1 (two to five metres wide by 600 metres strike length) that has historical production. Average grades received from 12 grab samples taken from the San Jose workings are 6.43 g/T Au and 49.82 oz/T Ag. Two grab samples from a separate vein (#2) averaged 0.847 g/T Au and 2.15 oz/T Ag. Vein # 1 is in contact with a 40 metre wide zone of silicified felsic volcanics, four grab samples of this zone (San Jose Gossans) averaged 0.816 g/T Au and 3.91 oz/T Ag. The Val claim block hosts a skarn (metamorphosed and mineralized carbonate) with a minimum thickness of 200 metres. Eight grab samples averaged 0.453 g/T Au, 18.36 oz/T Ag and 14.74 % Cu. The Piedras Verdes Mine of Santa del Plata is located less than two kilometres from the boundary of the Val claim block. This mine is operating on the same skarn zone that hosts the mineralization on Raindrop's Val claim. The Piedras Verdes mine has been in operation for the past twenty years. The Santa Maria property hosts mineralized breccias and gossans in large northwest trending zones. Five grab samples were taken from a gossan that has been trenched by artisanal miners. This gossan is located in a 200 metre wide silicified zone. The average of the five grabs was 3.41 g/T Au and 0.09 g/T Ag. The samples were weathered and rusted. These northwest trending zones are the same structures that host the El Sauzal (Francisco Gold Corporation - announced an overall average grade of 2.21 g/T Au in the press release of 08/28/98) and Cieneguita (Glamis Gold Ltd.) mines. Four of these major structures cross the Santa Maria property trending from the southeast to the northwest with a minimum of eight kilometre strike length each. Field crews will be mobilized on October 19, 1998 and results from this program will be reported as and when they become available. The Company has completed all work on the Mont 1 and 2 claims in northwest British Columbia and these claims have expired with no further obligations to the Company. Raindrop is in the process of preparing and submitting the documentation necessary to meet The Alberta Stock Exchange conditions for approval. The Alberta Stock Exchange neither approves or disapproves of the information contained herein. For further information contact directors Harry Joujan or Doug Dauphinee at (403) 205-3788 or Fax: (403) 205-3763 or e-mail raindrop@cadvision .com

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