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TASEKO MINES LTD. ANNOUNCES DRILLING CONTINUES, RESERVE CALCULATION COMMENCES FOR GIANT GOLD-COPPER DEPOSIT

 TASEKO MINES LTD. ANNOUNCES DRILLING CONTINUES,
 RESERVE CALCULATION COMMENCES FOR GIANT GOLD-COPPER DEPOSIT
 VANCOUVER, British Columbia, Sept. 15 /PRNewswire/ -- Robert G. Hunter, chairman of Taseko Mines Ltd. (NASDAQ: TKO.CF, Vancouver: TKO) announced that a four-rig, diamond drilling program at the Fish Lake Project near Williams Lake, British Columbia continues to successfully define a giant gold-copper deposit. To date, the company has completed 180,000 feet of large diameter core drilling in 93 holes; drilling is ongoing.
 Current dimensions of the Fish Lake deposit -- above a 0.40 percent copper equivalent cut-off grade -- are 2,800 feet north- south, 4,300 feet east-west and extending up to 2,700 feet deep (see Diamond Drillhole plan, attached). The deposit remains open to extension to the north, west and southwest. Two higher grade zones (greater than 0.60 percent copper equivalent) have been defined within the overall deposit. The large main zone measures some 1,650 feet north-south, 2,000 feet east-west and up to 2,700 feet deep. A west zone measures some 820 feet north-south by 600 feet east-west and is up to 600 feet deep. The gold and copper grades at Fish Lake provide for a significantly higher net smelter-return value per ton than British Columbia's large scale, producing, open-pit copper mines such as Gibraltar and Valley Copper, with mining reserve grades that typically average 0.30 percent to 0.45 percent copper.
 A preliminary deposit reserve calculation has commenced and will be released as soon as it is available. Fish Lake deposit reserves are expected to be larger than any other British Columbia open-pit metal mine and should signficantly exceed 1 billion tons. Reserves of this magnitude will rank Fish Lake among the largest deposits of its kind in the world and will significantly add to the rebuilding of Canada's rapidly depleting metal reserve inventory.
 Due to the very successful results, Taseko Mines is accelerating its feasibility, engineering and permitting programs for large scale, low cost open-pit mine development at Fish Lake. This feasibility- level program will be fast-tracked, with news being released as it becomes available.
 Taseko Mines Ltd. has a current working capital position of $6.2 million and has 10,654,874 shares outstanding on a fully diluted basis.
 -0- 9/15/92
 /NOTE: A copy of the Diamond Drillhole plan of the Fish Lake gold-copper deposit is available by fax by calling Canada NewsWire, Vancouver at 604-669-7764/
 /CONTACT: Robert G. Hunter, chairman of Taseko Mines, 604-684-6365/
 (TKO.CF TKO) CO: Taseko Mines Ltd. ST: British Columbia IN: MNG SU:


BP -- LA041 -- 9885 09/15/92 19:37 EDT
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Publication:PR Newswire
Date:Sep 15, 1992
Words:434
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