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CONTINENTAL PACIFIC RESOURCES INC. COMMENCES EXPLORATION PROGRAM

 VANCOUVER, B.C., June 10 /PRNewswire/ -- Continental Pacific Resources Inc. announced today that Metall Mining Corporation, a unit of the German mining and metallurgical conglomerate Metallgeselschaft A.G. has now begun the exploration programs on the company's Run and the Rush properties. The Run and the Rush are just two of the company's twenty- one discoveries in the Anialik-High Lake mineral belts, adjacent to Coronation Gulf in the Northwest Territories. Metall Mining Corporation will earn a 60 percent interest in the Run and the Rush properties by spending $5 million on exploration-development and paying the company $400,000 over three years.
 In addition to the Metall mining exploration programs, Continental Pacific will be conducting aggressive exploration programs on its other 100 percent-owned discoveries in the area. The prime targets of these exploration programs are large tonnage polymetallic deposits with high precious metal content and shear related gold deposits capable of early production. These programs have also begun.
 The company has also been acquiring more lands by staking claims in the area and now owns a 100 percent interest in the lands adjoining the Kennecott High Lake property to the north and to the south. The mineralized horizon hosting the High Lake deposit runs north-south.
 The company was also a member of a joint industry/government consortium which confirmed the commercial shipping potential of Canada's most northern seas.
 Results of the exploration programs will be released as they become available.
 -0- 6/10/93
 /CONTACT: Charles N. O'Sullivan, president of Continental Pacific Resources, 604-685-9255, or fax, 604-685-5348/


CO: Continental Pacific Resources Inc. ST: British Columbia IN: MNG SU:

PS-LR -- NY035 -- 0596 06/10/93 11:47 EST
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Publication:PR Newswire
Date:Jun 10, 1993
Words:276
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