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Gold/Mining/Energy : ETC Industries - Gold - Peru -- Ignore unavailable to you. Want to Upgrade?

To: Buckey who wrote (198)	4/3/1998 9:33:00 AM
From: pete meyer	Respond to of 244

Reverse Circulation Drilling Program E.T.C. INDUSTRIES LTD. ("EIL-V;ETCUF-L") QUEENSTAKE RESOURCES LTD ("QTR-T;QNSTF-L") - Reverse Circulation Drilling Program Gary Musil, Secretary and Director of E.T.C. Industries Ltd., announced in addition to and complementing Queenstake Resources Ltd., previous drill program the Company has completed its initial eight hole program of over 1800 metres of reverse circulation drilling at the Chupaca project in Norther Ancash, Peru. Holes ranged in depth from 166 to 300 metres. A Company geologist has been on-site to conduct all bagging, marking, handling and recording of drill log data. Samples are then transported to Huaraz for drying before shipping to Bondar Clegg's preparation facility in Lima, Peru. Once in Lima, the samples are then prepped, crushed and a representative sample is sent to Vancouver for analysis. Samples have been taken approximately every 2 metres and will be analyzed for Au, Ag, Cu, Pb, Zn, Mo, Bi, As, Sb, Hg and Ba. Preliminary results from the first three holes have indicated high mineralization at varying depths. Holes 4 to 8 are currently being logged. Our Consulting Geologist will be travelling to Peru this week and will be reviewing drill logs and assays and compiling data in the next few weeks to determine the scope of future work. Assay results will be forthcoming as soon as lab analyses are released. TEL: (604) 683-6648 Gary Musil, Secretary/Director, ETC Industries FAX: (604) 683-1350 ______________________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041. This Report Updated by Canstock at 6:16:20 Pacific Time