To: Robert McCullough who wrote (68 ) 9/28/1998 12:47:00 AM From: Dale Schwartzenhauer Read Replies (1) | Respond to of 77
Latest drill results from the Elkhorn District: Elkhorn drill results Treminco Resources Ltd TMO Shares issued 10,508,197 Sep 24 close $0.27 Fri 25 Sept 98 News Release Mr. David Hottman reports The company has released assay results for the recently completed drill program at its Elkhorn gold project, under option from Newmont Gold Company. The surface core drill program, which consisted of eight holes totalling 1,377 feet, was monitored by MRDI Canada. Drill results will be incorporated into the updated pre-feasibility study currently being prepared by MRDI. All assay results have now been received for holes CEH98-7 and CEH98-8. These holes are the deepest holes drilled in this ore block to date. Significant intercepts are listed below: From - To Intercept Au Hole No. (ft) (ft) (oz/t) -------- --------- --------- ------ CEH98-7 90 - 165 75 0.479 incl. 90 - 95 5 0.847 incl. 100 - 105 5 0.644 incl. 105 - 110 5 0.641 incl. 110 - 115 5 0.615 incl. 115 - 120 5 0.389 incl. 120 - 125 5 0.212 incl. 125 - 130 5 0.469 incl. 130 - 135 5 1.511 incl. 135 - 140 5 0.441 incl. 140 - 145 5 0.432 CEH98-8 133 - 165 32 0.322 incl. 154 - 165 11 0.518 The drill program has confirmed that the Elkhorn project is a quality gold asset. The company is pleased with the results of its due diligence efforts to date, and it is looking forward to concluding its review and receiving the updated MRDI pre-feasibility. The MRDI pre-feasibility, which will provide a revised gold resource, diluted mineable gold reserve, capital requirements and operating costs for the Elkhorn project, is expected to be delivered shortly.