Afcan scores in China (September 08, 2004)

Afcan (AFK-T)has intersected good gold grades over wide intervals at its TJS project in west-central Qinghai province, China.

Highlights from drilling the Qinlongtan deposit include the intersection of a new high grade core zone with results such as:

• 15.2 metres grading 9.56 grams gold per tonne (this includes 3.9 metres grading 37.6 grams gold and a separate 4-metre interval grading 20.72 grams gold);
• 7.3 metres grading 20.29 grams gold (included within a 16.8-metre intersection grading 13.94 grams gold);
• 14.7 metres grading 9.56 grams gold, which includes a 3.4-metre intercept that grades 20.5 grams gold, and
• 11.5 metres grading 16.2 grams gold. This includes a 2-metre intercept that grades 65.17 grams gold per tonne.

The Qinlongtan zone was extended to the north and south. Drilling was carried out over a 600-metre strike length. A gently south plunging high grade shoot was intersected within the mineralized plane. Six holes contained intersections from 1.3-10.7 metres wide grading 3.4-25.4 grams gold per tonne. A repetition of the central ore shoot was discovered along a northeast trending fault; this resulted in two high grade zones being intersected in one hole.

Results from six additional holes are pending.

The Qinlongtan deposit is 15 km northwest of the Jinloggou deposit where Afcan has three drill rigs operating.

Afcan owns 85% of the 342-km-sq. Tanjianshan property through its subsidiary TJS. The remaining percentage is owned equally by Dachaidan Gold Mine and The First Brigade for Geology and Mineral Exploration of Qinghai Province.