DAMOTI DRILLING CONTINUES TO YIELD HIGH GRADE GOLD VALUES.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--Jan. 6, 1995-- Athabaska Gold Resources Ltd. has been advised of the remaining significant assay ASSAY. A chemical examination of metals, by which the quantity of valuable or precious metal contained in any mineral or metallic mixture is ascertained. 2. By the acts of Congress of March 3, 1823, 3 Story's L. U. S. 1924; of June 25, 1834, 4 Shars. cont. Story's L. U. S. results from diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral completed on the Damoti Lake project prior to December December: see month. 20, 1994. -0-
Hole No. From To Interval Fire Assay
(feet) (feet) (feet) oz. Au/ton
D94-114 196.50 202.05 5.25 0.043
327.34 329.97 2.63 0.444
D94-115 205.00 218.45 13.45 1.255
238.13 242.06 3.93 1.062
D94-116 22.30 24.93 2.63 0.110
40.67 54.12 13.45 0.158
including 45.92 54.12 8.20 0.220
58.39 61.01 2.62 0.210
73.03 86.92 7.89 0.255
including 84.62 86.92 2.30 0.518
D94-117 146.62 155.80 9.18 1.605
343.42 345.38 1.97 0.221
360.47 367.03 6.56 0.450
391.96 396.88 4.92 0.169
639.60 645.18 5.58 0.661
683.55 686.83 3.28 0.110
D94-118 170.56 173.84 3.28 0.146 D94-119 162.69 164.33 1.64 0.116 D94-120 177.45 193.85 16.40 0.113 including 177.45 179.09 1.64 0.317 and 185.65 193.85 8.20 0.150
including 260.43 263.71 3.28 0.230
350.96 352.60 1.64 0.130
384.74 389.34 4.59 0.188
D94-121 153.18 158.10 4.92 0.250 D94-122 14.43 17.38 2.95 0.080 D94-123 138.09 139.73 1.64 0.110 D94-124 131.86 179.74 47.88 1.997 including 148.26 179.74 31.49 2.740 Gold values occur primarily within the limbs of three fold structures which have been mapped and sampled on surface for a combined strike length of more than 3 kilometres (2 miles). The project operator has reported that, based on the distribution of gold at surface, there is an excellent chance for high grade zones to occur along this length. Interpretations of drilling results on cross sections indicate that the gold occurs in multiple sub-parallel layers ranging up to 45 feet in thickness thickness (thik´nes) a measurement across the smallest dimension of an object. triceps skinfold (TSF) thickness . The project operator has advised that an aggressive program of at least 60 holes to further test the three most favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. structures will be initiated shortly. Maps showing the property and drill hole locations are available by phoning the company head office in Vancouver at (604) 688-3144. In addition to the new assays listed above, "metallic" assays were completed on selected high grade sections previously reported from standard assays. The following table shows a comparison of standard and "metallic" assays; a number of the more reliable "metallic" assays are higher than those originally reported: -0- Hole From To Interval Standard Assays Metallic Assays No. (feet) (feet) (feet) oz Au/ton oz Au/ton
D94-110 (16.40) (29.85) (13.45) (0.136) 0.144
16.40 25.91 9.51 0.144
61.34 77.08 15.74 0.145 0.129
D94-111 87.90 92.16 4.26 0.478 0.605 D94-112 38.38 42.64 4.26 0.185 0.262
D94-113 73.14 77.41 4.26 1.035
83.64 86.92 3.28 0.200 0.170
99.38 102.34 2.96 1.340 1.471
(111.85)(123.98) (12.13) (4.380)
111.85 120.38 8.53 6.934
210.58 216.48 5.90 0.460 0.473
(223.70)(225.99) (2.29) (0.252)
223.70 228.29 4.59 0.215
Once Consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: Ramrod ram·rod n. 1. A rod used to force the charge into a muzzleloading firearm. 2. A rod used to clean the barrel of a firearm. 3. A harshly demanding overseer; a disciplinarian. tr.v. Gold Corporation has vested vested adj. referring to having an absolute right or title, when previously the holder of the right or title only had an expectation. Examples: after 20 years of employment Larry Loyal's pension rights are now vested. (See: vest, vested remainder) its ownership, the interest of the joint venture partners will be: Athabaska Gold Resources Ltd. 24% Consolidated Ramrod Gold Corporation 51% Gitennes Exploration Ltd. 25% -0- ATHABASKA GOLD RESOURCES LTD. J. S. Kermeen, M.Sc., P.Eng P.Eng Professional Engineer . President CONTACT: J.S. Kermeen, M.Sc., P.Eng.
President
604/688-3144
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