Jim:
News release on Arizona property:
Regards
Dan
Asia Minerals Corp. - Copperstone Drilling Program New results extend high
>grade gold deposit
>
>
> VANCOUVER, Nov. 9 /CNW/ - ASIA MINERALS CORP.
> Trading Symbol: ASE - AMP
>
> Asia Minerals Corp. (ASE: AMP) is pleased to report the results of the
>first four holes drilled to test the Northwest High Grade Zone on the
>Copperstone gold property located in La Paz County, Arizona. The four holes
>are part of a 14 hole surface drilling program to confirm and extend the
>Northwest High Grade Zone that contains 474,000 oz. of gold within an
>estimated resource of 890,000 tons at a cut grade of 0.53 oz/ton.
> Gold mineralization in the Northwest High Grade Zone is associated with
>the Copperstone detachment fault and occurs within a sequence of brecciated
>and silicified limestones and siltstones. This sequence typically includes
>massive specularite, chlorite, manganese oxide, gold and copper oxide
>mineralization. Drill holes A98-1, A98-2, A98-3 and A98-11 all intersected the
>mineralized sequence. Hole A98-3 intersected 'bonanza' grade mineralization
>grading 4.90 oz/ton gold over 13.3 ft. An intercept in A98-2 grades 0.45 oz/t
>gold over 20.2 ft. The detailed results are reported below;
>
>
> Hole Angle Zone Section From To Length Gold Gold
> (ft) (ft) (ft) (oz/t) (g/t)
> -------------------------------------------------------------------------
>
> A98-1 90 deg. D 156 550.5 552.6 2.1 0.04 1.25
> A98-1 552.6 554.0 1.4 0.01 0.53
>
> Summary 550.5 554.0 3.5 0.03 0.96
> -------------------------------------------------------------------------
>
> A98-2 90 deg. D 155 592.8 596.4 3.6 0.90 31.01
> A98-2 596.4 602.0 5.6 0.47 16.21
> A98-2 602.0 606.3 4.3 0.01 0.46
> A98-2 606.3 609.6 3.3 0.68 23.19
> A98-2 609.6 613.0 3.4 0.28 9.50
>
> Summary 592.8 613.0 20.2 0.45 15.51
> -------------------------------------------------------------------------
>
> A98-3 90 deg. D 157 623.7 628.7 5.0 1.04 35.52
> A98-3 628.7 632.0 3.3 0.00 0.11
> A98-3 632.0 637.0 5.0 12.01 411.72
>
> Summary 623.7 637.0 13.3 4.90 168.16
> -------------------------------------------------------------------------
>
> A98-11 90 deg. D 156 651.3 655.3 4.0 0.04 1.45
> A98-11 655.3 658.1 2.8 0.12 3.96
>
> Summary 651.3 658.1 6.8 0.07 2.48
> -------------------------------------------------------------------------
>
>
> Holes A98-1, A98-2, A98-3 and A98-11 were drilled to test the strike and
>dip continuity of high grade mineralization in hole C97-24 (1.60 oz/t gold
>over 25.0 ft from 570.0 ft to 595.0 ft.), drilled in 1997 on Section 156. The
>high grade intersection in hole A98-3 (4.90 oz/t over 13.3 ft.) is 100 ft. on
>strike to the northwest of C97-24 and the intersection in A98-2 (0.45 oz/t
>over 20.2 ft.) is 70 ft. on strike to the southeast of C97-24. The gold
>mineralization in this zone is open to depth and on strike.
> The initial drilling results confirm that the Northwest High Grade Zone
>has the geological potential to host a 1 million ounce gold deposit. Holes
>A98-1, A98-2, A98-3 and A98-11 establish the strong continuity of the
>mineralized zone and the host stratigraphy. The intersections in holes A98-2
>and A98-3 illustrate the frequent occurrence of 'bonanza' grade gold within
>the zone of mineralization.
> The Copperstone drilling program has been conducted according to a
>rigorous Quality Assurance /Quality Control (QA/QC) program established
>jointly by Asia Minerals and MRDI Canada - a division of H.A. Simons Ltd. The
>QA/QC program includes best practice procedures for geological and
>geotechnical logging, sample collection, chain of custody control for drill
>core and samples, sample preparation and analytical protocols. MRDI Canada
>staff have made two visits to the Copperstone property during the drilling
>program.
> Boart Longyear is the contractor for the drilling program. All holes are
>HQ diameter core drilled through the mineralized zone. Down hole lengths are
>approximately equal to true thickness. The primary assay laboratory is
>Intertek Testing Services (Bondar Clegg). Samples are prepared in Sparks,
>Nevada and assayed in Vancouver using a 2 assay ton pulp sample. A fire assay
>protocol with an AA finish is used on all samples. Coarse blanks, reject
>duplicates, core shed reference samples and Standard Reference Material (SRM)
>have been inserted 'blind' into the sample stream to demonstrate and quantify
>the reliability of the assay data.
> The 14 hole drilling program in the Northwest High Grade Zone was
>completed on 5 November. Further results will be announced as soon as the
>assay data is available. An independent pre-feasibility study of an
>underground mine to develop the Northwest High Grade Zone is being conducted
>by MRDI Canada.
> Asia Minerals owns a 25% interest in the Copperstone property and has an
>option to earn up to an 80% interest by spending US$3 million on the property
>and making a further US$1 million option payment to Arctic Precious Metals
>Inc., a subsidiary of Royal Oak Mines Inc.
>
> Dated at Vancouver, British Columbia the 9th day of November 1998.
>
> ON BEHALF OF THE BOARD OF DIRECTORS OF ASIA MINERALS CORP.
>
> (signed)
> -----------------
> David C. Owens
> President
>
> The Alberta Stock Exchange has neither approved nor disapproved the
>information contained herein.
>
> Certain statements in this News Release constitute ''forward-looking
>statements'' within the meaning of the Private Securities Litigation's Reform
>Act of 1995. Such forward looking-statements involve risks, uncertainties and
>other factors which may cause the actual results, performance or achievements
>of the Company to be materially different from any future results, performance
>of achievements expressed or implied by such forward looking statements.
> -0- 11/09/1998
>
>For further information: Lucy Liu (604) 669-5728, fax (604) 669-4793 or
>visit Asia Minerals at asia-minerals.com
>
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