Cont. Pacific hits massive sulphides at the Anialik-High Lake property

Drilling on the Anialik-High Lake property in the Northwest Territories is returning massive sulphide intersections for owner Continental Pacific Resources (VSE).

The drilling includes four holes collared on strike to the north from two holes which returned massive sulphide intersections in 1990.

The drilling now covers a strike length of more than 1 km, with one of the better intersections returning 10.44% zinc and 0.56% copper, plus 83.9 grams silver per tonne over 6.29 metres.

The discovery is 10 km south of Coronation Gulf in the northern part of the Territories.

Continental Pacific is constructing a winterized camp at the site and expects to recommence drilling in two weeks.

Drill results are as follows:

HoleLocationIntervalWidthZincCopperSilverGold

(m)(m)(%)(%)(g/tonne)(g/tonne)

1-90*1520N 50W45.2-52.257.050.900.92—-

2-90*2080N 100W75.45-76.91.4515.280.4892.8–

3-952240N 150W55.81-57.541.738.00.2288.0–

4-952320N 135W41.72-43.752.03—-61.6–

5-952160N 110W79.16-84.185.23.1–13.7–

6-952250N 95W102.52-108.816.2910.440.5683.9–

135.07-136.201.1321.231.51**343.81.37

* 1990 drill hole

** lead grade

.A

MOST ACTIVE ISSUES, JUNE 28-JULY 4

Exchange Volume(000s) Close

Master-Plan Mn A 3560 15

Sikaman Gld T 2356 10

Armada Gld A A 1961 160

Castle Rock V 1923 63

Kinross Gld T 1907 10 1/2

Cambior Inc U T 1818 17

Aber Res T 1746 10 1/2

Argosy Mng V 1735 81

Layfield Res V 1677 81

Campbell Res T 1660 97