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To: 4figureau who wrote (2915)	1/24/2003 12:11:05 PM
From: Zeddie88	Read Replies (1) \| Respond to of 5423

4figureau, Here's the latest SNZ news. Sounds pretty good to me and any comments you may have would be greatly appreciated:) Cheers, Sue Re: News Release - Thursday, January 23, 2003 3T's Project Update And New West Zone Results =========================================================================== NR: 03-02 Southern Rio Resources Ltd. ("the Company") is pleased to provide an update on the 3T's gold-silver project located 120 kilometres southwest of Vanderhoof in central British Columbia. In late 2002 the Company completed a 13 hole diamond drill program which targeted the Tommy and Ted epithermal vein systems. The drilling on the Ted Vein returned excellent gold-silver values from three holes spaced at 50 metre intervals along strike from previous work (refer November 20, 2002 news release and table below). In addition to these results, the Company is pleased to release new assay results from the West Zone which is adjacent to but separate from the Ted Vein. ----------------------------------------------------------------------- WEST ZONE - New Assay Data ----------------------------------------------------------------------- Hole No. Width Au Ag Au Eqv Imperial Data ----------------------------------------------------------------------- From To (m) g/t g/t g/t Width Au Eqv (ft) oz/t ----------------------------------------------------------------------- Hole: TT-10 123.50 127.50 4.00 2.05 28.0 2.45 13.1 0.071 ----------------------------------------------------------- 127.00 127.50 0.50 12.59 150.1 14.73 1.6 0.430 ----------------------------------------------------------------------- Hole: TT-11 62.36 62.88 0.52 3.36 42.8 3.97 1.7 0.116 ----------------------------------------------------------- 77.58 78.37 0.79 4.52 43.3 5.14 2.6 0.150 ----------------------------------------------------------------------- Hole: TT-13 106.00 108.30 2.30 3.85 31.2 4.30 7.5 0.125 ----------------------------------------------------------- 104.00 108.30 4.30 2.99 23.4 3.32 14.1 0.097 ----------------------------------------------------------------------- These results demonstrate the potential for additional zones of mineralization on the property, with high grade potential. The West Zone, which was intersected in all three holes, will be further tested, along with the Ted Vein, during a winter drilling program planned to commence in the first quarter of 2003. This program will also test other targets, including the Mint Vein, where a strong resistivity geophysical anomaly was outlined during the summer along strike from a known auriferous epithermal quartz vein occurrence. The Tommy and Ted mineralization is typical of low sulphidation epithermal systems such as the El Penon Mine of Meridian Gold in Chile, the Midas Mine of Newmont Gold in Nevada, and the Hishikari Mine of Sumitomo Mining in Japan. The three holes on the Ted Vein indicated strong gold and silver mineralization over significant widths, with the potential for bonanza grades. The three main intersections have a weighted average of 20.25 metres in width averaging 1.63 g/t Au and 182.1 g/t Ag, (gold equivalent grade of 4.72 g/t at Ag:Au of 70:1). True widths are estimated to be approximately 60% of the drill indicated widths. Previously reported results from the Ted Vein include: ----------------------------------------------------------------------- TED VEIN INTERSECTIONS ----------------------------------------------------------------------- Width Au Ag Au Eqv Imperial Data From To (m) g/t g/t g/t Width (ft) Au Eqv oz/t ----------------------------------------------------------------------- Hole TT-10 ----------------------------------------------------------------------- 88.30 115.20 26.90 1.29 237.2 4.68 88.3 0.136 ----------------------------------------------------------------------- 95.00 108.20 13.20 1.94 357.9 7.05 43.3 0.206 ----------------------------------------------------------------------- 112.00 115.20 3.20 2.12 426.3 8.21 10.5 0.239 ----------------------------------------------------------------------- Hole TT-11 ----------------------------------------------------------------------- 40.65 52.00 11.35 1.35 341.3 6.23 37.2 0.182 ----------------------------------------------------------------------- 40.65 43.65 3.00 3.28 1117.6 19.25 9.8 0.561 ----------------------------------------------------------------------- Hole TT-13 ----------------------------------------------------------------------- 85.80 108.30 22.50 2.17 35.9 2.68 73.8 0.078 ----------------------------------------------------------------------- 85.80 98.00 12.20 2.81 55.1 3.60 9.2 0.105 ----------------------------------------------------------------------- 93.10 98.00 4.90 4.87 65.8 5.81 16.0 1.947 ----------------------------------------------------------------------- 104.00 108.30 4.30 2.99 22.5 3.31 14.1 0.097 ----------------------------------------------------------------------- Drilling on the Tommy Vein, located approximately 1 kilometre west of the Ted Vein, extended the known strike length of the vein from 600 metres to over one kilometre, substantially increasing the potential for the occurrence of a second zone of mineralization. As part of the fall program, the Company commissioned an independent resource estimate and technical report on the Tommy Vein (refer November 11, 2002 news release). This report was prepared in compliance with National Instrument 43-101 guidelines, and using a 4 gram/tonne gold cut-off grade, indicates that the Tommy Vein, as currently defined, contains an Inferred Resource of 470,700 tonnes at a grade of 7.40 grams/tonne gold and 65.22 grams/tonne silver (gold equivalent grade of 8.33 g/t at Ag:Au of 70:1). This equates to 112,000 contained ounces of gold and 987,000 contained ounces of silver. The Company will be displaying core from the Hole TT-10 intersection on Tuesday, January 28, 2003 at the Cordilleran Exploration Roundup at the Westin Bayshore, Vancouver, and invites attendees to drop by and speak with company representatives. SOUTHERN RIO RESOURCES LTD Per"Lindsay Bottomer" Lindsay Bottomer President For Investor Related inquiries please contact Southern Rio's office at: (604) 687 - 3959 The TSX-V has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release =========================================================================== Copyright (c) 2002 SOUTHERN RIO RESOURCES LTD. (SNZ) All rights reserved. For more information visit our website at southernrio.com or send mailto:info@southernrio.com Message sent on Thu Jan 23, 2003 at 3:15:57 PM Pacific Time ===========================================================================

To: 4figureau who wrote (2915)	1/24/2003 3:34:07 PM
From: Rocket Red	Respond to of 5423

ODX 300 feet of Gold BIG NEWS TODAY Odyssey Resources Ltd (C-ODX) - News Release Odyssey completes first hole of Altintepe drill program Odyssey Resources Ltd ODX Shares issued 25,792,836 Jan 23 2003 close $ 0.31 Friday January 24 2003 News Release Mr. Cameron Stretch reports ODYSSEY INTERSECTS GOLD IN TURKEY Odyssey Resources has provided results from the first drill hole completed during the phase 1 diamond drill program on the Altintepe gold project located on the Black Sea coast of Turkey. Odyssey is earning a 100-per-cent interest in the Altintepe gold project from Teck Cominco Limited. Phase 1 drilling is initially focused on the 2G zone where Teck Cominco previously drilled a number of holes including KD-34, which assayed 3.4 grams per tonne gold (0.11 ounce per ton) over 76 metres (249 feet). Odyssey's current program on the 2G open pit gold target was designed to test the grade extent and depth of oxidized gold mineralization encountered in previous drilling. Odyssey's ATD-1 is a vertical hole located approximately 70 metres (230 feet) west of KD-34 and was completed to a depth of 137 metres (449 feet). ATD-1 intersected oxidized, intensely silicified andesite porphyry and volcanic breccia from surface grading 2.77 grams per tonne gold (0.09 ounce per ton) over 93 metres (305 feet). Complete drill-log including assay results will be posted on the company's Web site. ADT-2 located 65 metres (213 feet) to the southwest of ADT-1 was designed to test the southern limit of the 2G zone and intersected 11 metres (36 feet) of oxidized andesite porphyry. Assays are pending for this hole. Current drilling is now focused on the northeastern extension of this mineralized zone along a strike length of 700 metres (2,296 feet). Further assay results will be reported upon completion of the program. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com old url (better for printing)