Drilling Commences On Platinum/Palladium/Copper Property
Added October 14th, 2003 – Vancouver, British Columbia
The Companies are pleased to report drilling has commenced on the 50/50 joint venture, Platinum/Palladium/Copper Dobbin property, located in the Whiterocks Mountain alkaline complex near Kelowna, British Columbia.
Platinum is currently trading at a twenty-three year high ($730/oz) and the companies believe the Dobbin Property is in an excellent position to capitalize on the renewed interest in precious metals.
Diamond drilling will consist of 1 or 2 holes depending on the depth of the host alkalic pyroxenite zone. The area (Kenny 2000) to be drilled is located approximately 500 metres west of the central zone which returned significant Pt, Pd, Cu values in recent diamond drill holes in 1997, the most significant being 111 metres grading 0.19% copper, 0.410 g/t Pt and 0.352 g/t Pd, including 15 metres grading .54% Cu, 0.949 g/t Pt and 1.31 g/t Pd in diamond drill hole
The Kenny 2000 measures 100M wide x 500M long with the north end being in a well-mineralized breccia pipe with 5-15% sulphide. The zone was delineated by surface trenching and soil sampling in 2000, trench results ran up to .252% copper, 0.330 g/t Pt. and 0.202 g/t Pd.
All diamond drilling, trench sampling geophysics and soil sampling were performed by the joint venture in 1997 and 2000. Andris Kikauka, P.Geo., has
located the drill hole locations on the Kenny 2000 Zone and results will be reported as they are received.
ON BEHALF OF MANAGEMENT
“Larry W. Reaugh”
Larry W. Reaugh,
President and C.E.O.