To: Shaun M. Dykes who wrote (531 ) 10/9/1998 9:59:00 AM From: Mr Metals Read Replies (2) | Respond to of 708
****NEWS RELEASE**** Comments?? Polymet Mining Corp - Additional assay results from Dunka Road Polymet Mining Corp POM Shares issued 13,451,395 1998-10-08 close $1.19 Monday Oct 12 1998 Mr. Donald Gentry reports The company has received additional results from its 6,365 foot reverse circulation drill program. As of Sept. 25, 14 holes were completed in the drill program. The news release in Stockwatch Aug. 28 reported assay results for the first two drill holes, (98-114B and 98-113B). This release reports assay results from the subsequent five drill holes of the program. Assay data for the remaining drill holes are expected soon. Average Assay Values Primary Mineralized Drill Interval Hole (thickness Cu Ni Co No. in feet) (%) (%) ppm 98-105B ( 0- 25) 25 0.59 0.16 88.2 98-105B ( 35-115) 80 0.38 0.12 99.3 98-105B (160-195) 35 0.38 0.12 115.7 98-108B ( 20- 65) 45 0.42 0.15 80.5 98-108D ( 85-105) 20 0.36 0.12 60.7 98 86B (295-535) 240 0.48 0.14 80.2 98-201C (270-505) 235 0.43 0.13 71.1 98-210C (535-590) 55 0.35 0.11 75.1 98-113C (185-305) 120 0.39 0.15 118.9 Average Assay Values Primary Mineralized Drill Interval Hole (thickness Au Pt Pd No. in feet) (g/t) (g/t) (g/t) 98 105B ( 0- 25) 25 0.065 0.119 0.538 98-105B ( 35-115) 80 0.058 0.090 0.279 98-105B (160-195) 35 0.036 0.060 0.169 98-108B ( 20- 65) 45 0.061 0.136 0.386 98-108B ( 85-105) 20 0.057 0.105 0.342 98-86B (295-535) 240 0.084 0.115 0.465 98-201C (270-505) 235 0.079 0.101 0.448 98-210C (535-590) 55 0.036 0.057 0.399 98-113C (185-305) 120 0.037 0.067 0.266 Both the thickness and grade of the mineralized interval in 98-105B and 98-108B are less than the values reported in Stockwatch Aug. 28 for holes 98-114B and 98-113B. Both of these holes occur on the northwest side of a fault. The relative movement on the fault brings the mineralized unit to the surface on the northwest side and down-drops it on the southeast side. (Note the shallow depth of mineralization in hole 98-105C, 0-195 feet, versus the depth of mineralization in hole 98-86B, 295-535 feet.) Erosion apparently has removed some of the mineralized thickness on the northwest side of the fault. All material from this drill program is sampled every five feet and shipped to Acme Analytical Laboratories in Vancouver for assaying. Chemex Labs is conducting check assays. Reverse circulation chips of average mineable grade identified from the assay results are being stored and will be sent to Lakefield Research Laboratories in Brampton, Ontario. The samples will be crushed, ground, and subjected to flotation to make a bulk sulphide concentrate. This concentrate will be shipped to different metallurgical labs for bio-leaching, pressure oxidation leaching, and other hydrometallurgical studies. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com Mr Metals