ATLIN, British Columbia The drill program confirming continuity and grade continues at the Tulsequah Chief project in the northwestern part of the province. The latest infill hole, No. TCU03080, intersected a thick, high-grade massive sulphide zone that is expected to increase the estimated resources of the existing deposit. The hole cut 37 m of zinc- and copper-rich mineralization that graded 1.70% Cu, 1.08% Pb, 5.29% Zn, 3.17 g/t Au, and 100.85 g/t Ag between 430.8 m and 467.8 m.
The project is 100%-owned by REDCORP VENTURES and operated by its wholly-owned subsidiary REDFERN RESOURCES. Measured and indicated resources have been estimated at 5.94 million tonnes grading 2.59 g/t Au, 107.41 g/t Ag, 1.42% Cu, 7.72% Zn, and 1.26% Pb. An additional 3.0 million tonnes having similar grades are classified as an inferred resource. In 1997, Redcorp completed a positive feasibility study that recommended development of a 2,466-tonne/day operation at a cost of $148 million. The Tulsequah Chief provincial Project Approval Certificate was received in December 2002.
Further information about the Tulsequah Chief project, including a longitudinal section showing hole locations, can be found at www.redfern.bc.ca or www.redcorp-ventures.com. A comprehensive PowerPoint presentation is also available.