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GOLD EXPLORATION NEWS Redfern Keen on Tulsequah Chief

AITLIN, British Columbia REDFERN RESOURCES, a subsidiary of Redcorp Ventures, has completed the first five holes...


AITLIN, British Columbia REDFERN RESOURCES, a subsidiary of Redcorp Ventures, has completed the first five holes of this year’s drill program at the Tulsequah Chief property. The program will test a highly prospective area along strike to the west of the previously defined and reported resource. The targeted area is the down-dip and down-plunge extension of sulphide lenses that were partially developed when the mine was in production during the 1950s.

Three of the most recent holes returned the following values. The first hole hit 8.1 m of predominantly pyrite-facies massive sulphide mineralization grading 1.26 g/t Au, 19.7 g/t Ag, 0.55% Cu and 2.56% Zn. The second hole returned 19.57 m of semi-massive to massive pyrite-facies sulphides with an upper interval of 9.56 m at 1.72 g/t Au, 17.2 g/t Ag, 1.50% Cu, and 0.41% Zn and a lower interval of 5.9 m with 1.34 g/t Au and low base metal values. The third hole intersected 2.2 m of zinc-facies sulphide mineralization before hitting a fault zone.

Redfern will continue drilling the new massive sulphide zone down dip and along strike from these three holes. The program will probably last into October 2003.

Complete reports and an informative PowerPoint presentation on the Tulsequah Chief project are available at www.redfern.bc.ca.


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