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Gold/Mining/Energy : Copperhill Resources Corp (CUHL: CDN) -- Ignore unavailable to you. Want to Upgrade?

To: jerry janko who wrote (108)	11/18/1999 11:27:00 AM
From: Len Hynes	Respond to of 123

FOR FURTHER INFORMATION PLEASE CONTACT: COPPER HILL CORPORATION 709-739-4780 709-739-4785 (FAX) copperhillcorp.com NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: COPPER HILL CORPORATION SHARES OUTSTANDING:16,647,140 (FULLY DILUTED: 17,751,140) CANADIAN DEALING NETWORK SYMBOL: CUHL NOVEMBER 18, 1999 COPPER HILL CORPORATION ("COPPER HILL") DISCOVERY HOLE PN-99-01 INTERSECTED BANDED SILICATES-POLYMETALLIC BASE METAL SULPHIDES WITH UP TO 7.4% Zn HOSTED IN ROBERTS ARM BELT ST. JOHN'S, NEWFOUNDLAND--Copper Hill is pleased to report very encouraging assay results from the vertically drilled borehole PN-99-01 on its North Powderhorn Lake property, Central Mineral Belt of Newfoundland. The property is situated 40 km south of Springdale and 40 km west of the Central Newfoundland community of Grand Falls-Windsor, adjacent to the Trans-Canada Highway. As previously reported (Press Release 99-07) the sulphides are dominantly stritiform/stratibound and are hosted by variably silicious lithologies (sediments/tuffs/rhyolites). Similar mineralization has been observed in outcrops and boulders dispersed throughout the property. These host lithologies are geologically equivalent (L. Dickson, Dept. of Mines and Energy, Government of Newfoundland and Labrador) to the Roberts Arm Belt which hosted the Buchans VMS deposits (17.8 million tonnes averaging 14.88% Zn, 7.7% Pb, 1.3% Cu, 3.7 opt Ag and 0.045 opt Au; Zn:Cu ratio of approximately 11:1). The analytical results from borehole PN-99-01 (given as ranges) tabled below are arranged in order of increasing in hole and stratigraphic depth. /T/ ------------------------------------------------------------------------ Zone/Interval Cu Zn Pb (in meters) (%) (%) (ppm) ------------------------------------------------------------------------ Lean Zn facies 6.4 - 19.0 .003 - .039 .010 - .043 6 - 25 ------------------------------------------------------------------------ Zn facies 19.0 - 24.5 .015 - .125 .109 - 1.10 292 - 1503 ------------------------------------------------------------------------ Zn facies 24.5 - 26.8 .115 - .262 .34 - 7.40 28 - 376 ------------------------------------------------------------------------ Lean "Cu facies" 26.8 - 33.8 .007 - .037 .009 - .067 2 - 19 ------------------------------------------------------------------------ Zone/Interval Au Ag Cd (in meters) (ppb) (ppm) (ppm) ------------------------------------------------------------------------ Lean Zn facies 6.4 - 19.0 5 - 13 0.3 - 0.8 0.5 - 1.3 ------------------------------------------------------------------------ Zn facies 19.0 - 24.5 9 - 111 1.3 - 9.0 1.4 - 49.8 ------------------------------------------------------------------------ Zn facies 24.5 - 26.8 58 - 182 2.6 - 4.1 11.4 - greater than 110 ------------------------------------------------------------------------ Lean "Cu facies" 26.8 - 33.8 5 - 40 0.2 -0.8 0.5 - 10.6 ------------------------------------------------------------------------ /T/ The results suggest the following: 1. The presence of a primary metal zoning with a zinc-facies (6.4 to 26.8 m) variably rich in Pb-Au-Ag-Cd, and a Zn:Cu ratio of approximately 10:1 overlying a Cu facies (26.8 to 33.8 m) with a Zn:Cu ratio of 1:1 to 1:10. 2. The primary metal zoning agrees with stratigraphic "tops" being uphole, which in turn, would agree with a structural location on the east limb of the regionally-identified anticline. 3. Within the zinc facies (17.0 to 26.8 m) the relative concentrations of Pb and Ag decreases with depth, whereas the relative concentrations of Cu and Zn increase with depth. 4. The higher grade Au mineralization (250 - 2540 ppb) encountered on surface at the Lake Zone and the Road Zone (Press Release 99-03) was apparently not intersected at the depth penetrated. It remains to be proven that vectoring of mineralization will in turn assist in identifying variations in the intensity of alteration and cordierite development in the footwall lithologies. Also, PN-99-01 being randomly located and drilled to a depth of 36 m will greatly assist in the data interpretation from future geophysical surveys. The drill rig remains on site. All analyses were performed by Eastern Analytical Ltd., Springdale Newfoundland. Copper Hill which trades on the CDN holds a number of mineral exploration projects in Newfoundland and Labrador. For further information, please call 709-739-4780; fax: 709-739-4785, or visit our web site home page at copperhillcorp.com to view project location maps and other data. On behalf of the Board of Directors, Earl R. Benson, President. -30-