To: zinc-man who wrote (512 ) 10/6/2003 2:11:30 PM From: zinc-man Respond to of 3270 Redcorp Resource RDV.to News:biz.yahoo.com . Welcome, patmac711 [Sign Out] Money Manager - My Yahoo! View - Customize Financial News Enter symbol(s) BasicPerformanceReal-time MktDetailedChartResearchOptionsOrder Book Symbol Lookup Press Release Source: Redcorp Ventures Ltd. Redcorp Ventures Ltd.: Assays Received for New Massive Sulphide Lens, Drill Program Extended Monday October 6, 1:26 pm ET VANCOUVER, BRITISH COLUMBIA--REDCORP VENTURES LTD. (RDV-TSX) (the "Company") is pleased to announce the latest drill results from the ongoing drill program at the Tulsequah Chief project in northwestern BC. The Tulsequah Chief property is owned and operated by Redfern Resources Ltd. - the Company's wholly-owned subsidiary. Assays have now been received for hole TCU03085, which intersected a previously unknown massive sulphide lens located stratigraphically above, and to the west of, the main deposit. This hole intersected 8.3 meters of massive pyrite mineralization, including a 5.4 meter section which assayed 1.84 grams per tonne gold, 80.07 grams per tonne silver, 1.89% copper and 6.51% zinc. The Company is extremely encouraged by the discovery of this new lens which is now confirmed to have significant base and precious metal grades. As a result of this new discovery, the drill program has been expanded from 8,000 meters to approximately 9,500 meters, and is currently expected to be completed by the end of October. Additional drilling will be targeted at beginning to determine the size of this new lens, which remains open up-dip to the west and down-plunge. Assays have also been received for holes TCU03082 and TCU03083, which were drilled to test the continuity of the westerly extension of the H and AB2 lenses near the top of the deposit. ----------------------------------------------------------------------- Esti- mated Hole # Horizon From To Len- True Au Ag Cu Pb Zn (m) (m) gth Width (gpt) (gpt) (%) (%) (%) ----------------------------------------------------------------------- TCU03082 AB2 338.9 344.2 5.3 4.9 0.29 5.88 0.22 0.54 5.25 ----------------------------------------------------------------------- TCU03083 H 235.0 241.7 6.7 6.3 1.71 57.73 0.22 0.31 1.17 and AB2 265.5 266.3 0.8 0.8 0.71 166.00 0.68 1.65 7.91 ----------------------------------------------------------------------- TCU03085 new 267.1 272.5 5.4 4.9 1.84 80.07 1.89 0.35 6.51 ----------------------------------------------------------------------- Assays are currently pending from hole TCU03084 which intersected a thick section of intensely altered rhyolite 50 meters to the south of, and at the same stratigraphic level as, the intersection in TCU03085. One additional hole, TCU03086 has been completed. This hole was drilled to test the up-dip extension of the lens intersected in TCU03085. It intersected the 4400E fault above the target depth, indicating that the mineralization is offset by the fault in this area, approximately 40 meters up-dip from TCU03085. TCU03086 also intersected a wide zone of intense alteration on the west side of the 4400E fault, indicating that the mineralized horizon continues across the fault. Hole TCU03087 is currently in progress. Further information on Redcorp and the Tulsequah Project, including a long-section showing the location of the holes, can be obtained on the Company's website at www.redcorp-ventures.com and at Redfern's website at www.redfern.bc.ca. ON BEHALF OF THE BOARD OF DIRECTORS OF REDCORP VENTURES LTD. Terence Chandler, President This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectations implied by these forward looking statements. -------------------------------------------------------------------------------- Contact: Redcorp Ventures Ltd. Terence Chandler President Phone: (604) 669-4775 Fax: (604) 669-5330 Website: www.redcorp-ventures.c