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Gold/Mining/Energy : AMP.C Asia Minerals - About to take off: -- Ignore unavailable to you. Want to Upgrade?

To: Pete Mimmack who wrote (132)	2/16/2000 6:24:00 PM
From: Pete Mimmack	Respond to of 135

Drilling begins: VANCOUVER, BRITISH COLUMBIA--Asia Minerals Corp. ("Asia") is pleased to report the start of a new surface drilling programme on the Copperstone Gold property located in southwestern Arizona. Copperstone Gold is a significant undeveloped high grade gold deposit that remains open both on strike and down dip in the C and D zones. These two zones contain a capped geological resource of 2,085,000 tonnes grading 0.34 oz/ton gold (708,900 ounces). A project scoping study by MRDI in 1999 estimated that the C and D zones contain an undeveloped mining resource of 827,400 tonnes at a diluted grade of 0.56 oz/ton gold (459,500 ounces). Asia plans to drill approximately 8,000 feet in 10 holes during the first phase of the 2000 programme. The drilling contractor is Boart Longyear. The holes will be drilled using a combination of reverse circulation and diamond core drilling. All target intervals will be drilled with HQ diameter core. A best practice quality control/ quality assurance (QA/QC) programme will be implemented for the preparation, custody and analysis of all core and rock chip samples. The primary target for the drilling programme is the strike extension of the D zone to the north of hole A98-3 drilled in 1998. The D zone intercept in A98-3 grades 4.9 oz/ton gold over 13.3 feet. The northstrike extension of this intercept is open. In addition, the strike extension of the major structural control to mineralization, the Copperstone Fault, has not been drill tested between A98-3 and the north property boundary, a distance of 1.25 miles. An open-pit gold mine operated by Cyprus Minerals to the south of the D zone produced 500,000 ounces of gold from the Copperstone Fault between 1987 and 1993. Asia also plans to drill test a zone of mineralization located 500 feet below the old open-pit. A single drill intercept of this zone in hole DCU-08, drilled in 1993, grades 0.65 oz/ton gold over 15.5 feet. No follow-up drilling of hole DCU-08 has been completed to date, however, 3 holes drilled 750 feet up-dip of DCU-08 intersected significant gold mineralization over 20-40 foot intervals. The first phased of the drill programme is expected to be completed by 30 April, 2000. Dated at Vancouver, British Columbia the 16th day of February 2000.