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SKYLINE OPTIONS NEWLY DISCOVERED PORPHYRY DEPOSIT IN MEXICO

 VANCOUVER, British Columbia, March 2 /PRNewswire/ -- Ronald C. Shon, chairman and chief executive officer, has announced that Skyline (Toronto, Vancouver: SKX) has signed an agreement to acquire a 70 percent interest in a newly discovered, polymetallic base and precious metal deposit with large tonnage potential. The 4,300-acre Aztec Property is road-accessible and located near a state highway in the eastern Sierra Madre mountains approximately 28 miles from the U.S. border in northern Mexico.
 A detailed option and joint venture agreement will call for Skyline to pay the Aztec Group the sum of $1,300,000 and expend $810,000 on exploration over a period of four years. Minimum expenditures called for in fiscal 1993 total $150,000. Skyline will design, manage and administer all exploration programs and prepare a feasibility study, and provided Skyline's earned interest is more than 50 percent, will be manager and operator of the joint venture. Aztec agrees to maintain the property in good standing.
 Mapping of the porphyry copper/silver zone has identified a 1.5-kilometer-long trend containing a series of mineralized breccias and shear zones. The largest breccia identified to date, approximately 200 meters wide by 350 meters long, has yielded oxidized surface sample assays containing up to .76 percent copper and 2.1 oz. of silver per ton. A sample from one test pit contained 44.5 oz. of silver.
 Selected Assay Results:
 Copper Silver Zinc
 Breccia No. 1 1.04 percent 1.7 oz./t 1.60 percent
 Breccia No. 2 .44 percent 2.1 oz./t 9.46 percent
 Mineralized Dyke .58 percent 1.4 oz./t 4.66 percent
 Skarn 1.64 percent 1.9 oz./t 3.78 percent
 Test Pit No. 1 .65 percent 44.5 oz./t .84 percent
 The porphyry system is similar in geology to the deposits of the Cananea district, located in northern Mexico, where historical production is 5 billion lbs. (2.5 million tons) of copper with present reserves grading .7 percent.
 Sampling of the silver/zinc/lead zone flanking the porphyry system encountered mineralization grading up to 1.9 oz. of silver per ton, 3.78 percent zinc, 3.98 percent lead and 1.64 percent copper. Northern Mexico is famous for silver/zinc/lead production from similar deposits.
 The property is mineable year-round and the oxide zone is amenable to solvent extraction heap leaching, a very inexpensive method. Geological mapping, geochemical and geophysical surveys, machine trenching and diamond drilling are in the planning stages.
 -0- 3/2/93
 /CONTACT: Ronald C. Shon, president and CEO, 604-683-6865/
 (SKX.)


CO: Skyline Gold Corporation ST: British Columbia IN: MNG SU:

KJ -- LA027 -- 2054 03/02/93 14:57 EST
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Date:Mar 2, 1993
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