U.S. REPORT Gold Texas completes Buckhorn drill program

Gold Texas Resources (VSE) reports significant drill results have been obtained from its 4,100-acre Buckhorn project located in Washington state. The property, owned jointly by Gold Texas and Crown Resource Corp. (NASDAQ), was recently the focus of a first-phase exploration drilling and surface sampling program.

A total of 13 holes were completed during the recent fall program. The best results of which are as follows:

Width Grade Hole

(ft) (oz/t) 2

155 0.17

75* 0.31

100 0.12 8 30 0.31 10

25 0.11

35 0.11 12

5 0.15 13

10 0.12 * includes one uncut 5-ft interval of 2.44 oz gold

“The results of our first field season’s work indicate a large area of gold mineralization,” said Mark Jones, president of Gold Texas.

“We plan a significant exploration program at Buckhorn in 1989 to outline areas of gold mineralization discovered this year and to further explore other portions of the property,” Jones said.

A plan of reorganization was signed earlier this year by Gold Texas, Crown Resource Corp., and Gold Capital Corp., providing for a combination of ownership of the companies. Upon shareholder approval, the combined companies will be known as Crown Resources Corp. and will be headquartered in Denver.