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ATHABASKA GOLD RESOURCES TO CONTINUE DRILLING DAMOTI LAKE OVER FREEZE-UP

 VANCOUVER, British Columbia, Oct. 14 /PRNewswire/ -- James S. Kermeen, president, Athabaska Gold Resources Ltd. (Toronto: AHB), reports three important developments from the ongoing drilling program on the company's Damoti Lake project, north of Yellowknife, Northwest Territories.
 Firstly, the following results show that the gold mineralization encountered on BIF Island in Holes D-2 through D-5 continues to the north in Holes D-6 and D-7 as shown below:
 Holes From To Core Ounces Core Grams
 (meters) Length Per Ton Length Per Tonne
 Feet Gold Meters Gold
 D-6 19.15 21.95 9.2 0.059 2.80 2.04
 Incl. 19.15 20.10 3.1 0.134 0.95 4.59
 D-7 45.95 48.55 8.5 0.680 2.60 23.30
 Incl. 46.83 47.80 3.2 1.628 0.97 55.84
 65.28 66.85 5.2 0.145 1.5 4.95
 Incl. 65.28 66.00 2.4 0.225 0.72 7.72
 D-8 70.35 72.38 6.7 0.192 2.03 6.60
 Holes D-6 and D-7 were drilled at 45 degrees and 50 degrees respectively, on a section line 220 feet (67 meters) north of the discovery hole. As in Holes D-4 and D-5, gold values are seen to improve greatly with depth. Hole D-8, which was designed to test beneath Hole D-5 (which returned 33 feet grading 0.47 opt gold), failed to penetrate the zone at its intended target and another hole to test beneath Hole D-5 is planned.
 Secondly, on the North Island, Hole D-11 which was drilled to intersect the Iron Formation encountered 120 feet (36 meters) in the West Iron Formation and 72 feet (21 meters) in what is projected to be the East Iron Formation. Assays from completed Holes D-9, D-10 and D-11 will be reported as received. Also, two grab samples from the East Iron Formation have been assayed and returned 0.817 ounces of gold per ton and 0.768 ounces of gold per ton. The North Island is situated 1,640 feet (500 meters) north, along the same gold-bearing Iron Formation as encountered on BIF Island.
 Thirdly, geological mapping, surface sampling and ground geophysical surveys have been completed on a 2-mile- (3-kilometer-) long grid covering the extension of the favorable iron formation south of Damoti Lake. At three exposures the iron formation is 330 feet (100 meters) wide and includes several sulphide-rich sections, each over 16 feet (5 meters) wide. These observations are considered very favorable for gold mineralization. Similar surveys extending 1.2 miles (2 kilometers) north of Damoti Lake are nearing completion.
 In view of the very favorable results from the program to date, management elected to continue drilling during the freeze-up period rather than taking a scheduled break. A minimum of nine additional holes will be drilled on both the North and BIF Islands beginning immediately. Camp will be serviced by wheeled aircraft landing on the Calomac airstrip 20 miles (30 kilometers) northwest of Damoti Lake.
 -0- 10/14/93
 /CONTACT: James S. Kermeen, president of Athabaska Gold Resources Ltd., 604-688-3144/
 (ATH.)


CO: Athabaska Gold Resources Ltd. ST: British Columbia IN: MNG SU:

JG -- DE002 -- 2220 10/14/93 12:08 EDT
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Date:Oct 14, 1993
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