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Gold/Mining/Energy : AMP.C Asia Minerals - About to take off: -- Ignore unavailable to you. Want to Upgrade?

To: Chuca Marsh who wrote (111)	11/30/1998 2:06:00 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 135

Attention Business Editors: Asia Minerals Corp. announces high grade gold in new drill holes Copperstone Project, Arizona, USA VANCOUVER, Nov. 30 /CNW/ - Asia Minerals Corp. Trading Symbol: ASE - AMP Asia Minerals Corp. (ASE: AMP) is pleased to report new drilling results for eight holes on the Copperstone gold property located in La Paz County, Arizona. These 8 holes are part of a 14 hole surface drilling program to confirm and extend the Northwest High Grade Zone. Assay data for the first four holes of this program were issued in a News Release dated 9 November 1998. The Northwest High Grade Zone (see attached map) comprises the C-zone (drill Section lines 144-147) and the D-zone (drill Section lines 148- 160). Section line spacing is 70 ft. The new results include assay data for six holes in the D-zone (A98-4, -5, -12, -13, -14, and 15) and two holes in the C-zone (A98-6 and -8). These two zones are estimated to contain 474,000 oz. of gold in a drill indicated and inferred resource of 890,000 tons at a cut grade of 0.53 oz/ton. D-Zone Results: Five of the six new holes intersected the D-zone (see Table below for detailed results). Two holes (A98-5 and A98-13) on Section 154 intersected high grade gold mineralization. An intercept in A98-5 grades 0.46 oz/ton (15.9 g/t) gold over 30.5 ft. Hole A98-13, collared 140 ft. down dip of A98-5, intersected 0.75 oz/ton (25.9 g/t) gold over 10.6 ft. Hole A98-15 on Section 155 intersected 0.17 oz/ton (5.9 g/t) gold over 10.3 ft. This intercept is 100 ft. down dip of A98-2 (0.45 oz/ton over 20.2 ft. - see News Release dated 9 November 1998) and 220 ft. down-dip of C96-19 (2.18 oz/ton over 25 ft.) Hole A98-4, drilled 100 ft. up dip of C96-19 intersected minor gold mineralization within the D-zone (0.09 oz/ton (2.95 g/t) gold over 7.7 ft.) Hole A98-14 on Section 157 intersected a narrow zone of mineralization grading 0.3 oz/ton (9.55 g/t) over 3.4 ft. This intercept is 110 ft. down dip of the previously reported high grade mineralization in A98-3 grading 4.91 oz/ton (168.2 g/t) over 13.3 ft. Drill hole A98-12 on Section 159 intersected a fault zone. A total of 33 holes have now been drilled in the D-zone. These holes outline a north plunging, strata-bound zone of high grade gold mineralization with a strike extent of about 1,000 ft. The 1998 D-zone drilling by Asia Minerals on Sections 154-159 delineates a continuous zone of gold mineralization with a width of about 250-350 ft. and a true thickness of 10-40 ft. Drill results also suggests that the northern plunge extension of the D-zone maybe interrupted by a fault on Section 159-160. No drilling has been done to locate the extension of the D-zone to the north of this fault. Lateral offsets of up to 300 ft. have been mapped in similar faults in the Copperstone open-pit to the south. The geological evidence suggests a strong potential to increase the size of the D-zone in both the north and south strike directions, and also down dip to the east. C-Zone Results: The two new C-zone holes (A98-6 and A98-8) were drilled to evaluate an intercept of 21.5 oz/ton (737.7 g/t) gold over 10 ft. in the 1995 hole C95-11 on Section 147. Hole A98-6, drilled 70 ft. south of C95-11 on Section 146, intersected 0.71 oz/ton (24.4 g/t) gold over 2 feet. Hole A98-8, drilled 100 ft. up-dip of C95-11 on Section 147, did not intersect significant gold mineralization. The host rocks and style of mineralization in C-zone differ from D-zone. Closer spaced drilling is required to test the open dip and strike extent of this zone. << New Drilling Results: C and D-Zones ----------------------------------- Hole Angle Zone Section From To Length Gold Gold (ft) (ft) (ft) (oz/t) (g/t) ------------------------------------------------------------------------ A98-4 90 degrees D 155 538.5 542.7 4.2 0.08 2.8 542.7 546.2 3.5 0.09 3.2 --------------------------------------- Summary 538.5 546.2 7.7 0.09 2.9 A98-5 90 degrees D 154 558.0 563.0 5.0 0.20 7.0 563.0 568.0 5.0 0.04 1.3 568.0 573.0 5.0 0.48 16.6 573.0 578.0 5.0 0.77 26.4 578.0 582.0 4.0 0.11 3.7 582.0 584.5 2.5 0.08 2.6 584.5 588.5 4.0 1.50 51.6 --------------------------------------- Summary 558.0 588.5 30.5 0.46 15.9 A98-6 90 degrees C 146 727.0 729.0 2.0 0.71 24.4 A98-13 90 degrees D 154 578.5 582.7 4.2 0.19 6.7 582.7 586.6 3.9 0.33 11.3 586.6 589.1 2.5 2.36 80.9 --------------------------------------- Summary 578.5 589.1 10.6 0.75 25.9 A98-14 90 degrees D 157 675.6 679.0 3.4 0.28 9.5 A98-15 90 degrees D 155 656.3 661.0 4.7 0.19 6.4 661.0 663.8 2.8 0.13 4.4 663.8 666.6 2.8 0.19 6.5 --------------------------------------- Summary 656.3 666.6 10.3 0.17 5.9 >> All samples for analysis are prepared from half saw-cuts of HQ diameter core. Down hole lengths are approximately equal to true thickness. The primary assay laboratory is Bondar Clegg. Sample preparation is conducted in Sparks, Nevada and sample analysis in Vancouver, B.C. A fire assay protocol with an AA finish is used on all samples. The drilling, sampling and assaying have been conducted according to a Quality Assurance/Quality Control program established ointly by Asia Minerals and MRDI Canada - a division of H.A. Simons Ltd. Dated at Vancouver, British Columbia the 30th day of November 1998. ON BEHALF OF THE BOARD OF DIRECTORS OF ASIA MINERALS CORP. (signed) --------------------- David C. Owens President The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. Certain statements in this News Release constitute ''forward-looking statements'' within the meaning of the Private Securities Litigation's Reform Act of 1995. Such forward looking-statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance of achievements expressed or implied by such forward looking statements. BUSINESS/PHOTO EDITORS: A copy of the Asia Minerals Corp. map of the D-Zone Extension Target is available by fax by calling Canada NewsWire, Vancouver at (604) 669-7764. -30- BUSINESS/PHOTO EDITORS: A copy of the Asia Minerals Corp. map of the D-Zone Extension Target is available by fax by calling Canada NewsWire, Vancouver at (604) 669-7764. -30- For further information: Lucy Liu (604) 669-5728, fax (604) 669-4793, www.asia-minerals.com