Drill program ongoing at East Ingerbelle deposit

With the Similco copper mine back in production, Princeton Mining (TSE) is continuing a drill program aimed at increasing the tonnage and grade of the Ingerbelle East deposit, situated 4,000 ft. south of the existing mill complex.

The property, near Princeton in southern British Columbia, is owned by Princeton’s wholly owned subsidiary, Similco Mines.

Previous drilling in the Ingerbelle East area defined a geological reserve of 21 million tons grading 0.35% copper.

So far, 15 holes, totaling 9,870 ft. of a scheduled 15,000-ft. program, have been drilled.

The company views results to date as encouraging, particularly Hole 94-06 which intersected 156 ft. grading 1.24% copper and 0.01 oz. gold per ton in a new mineralized zone on the south edge of the proposed pit.

Results to date are as follows:

Hole From To Length Copper Gold

(fft.) (ft.) (ft.) (%) (oz./ton)

94-01 30 87 57 0.47 0.008

94-02 527 687 160 0.50 0.008

94-03 228 441 213 0.32 0.008

511 567 56 0.37 0.008

812 903 91 0.58 0.012

94-04 hole abandoned in overburden

95-05 27 159 132 0.32 0.005

301 438 137 0.53 0.008

691 785 94 0.53 0.014

94-06 675 831 156 1.24 0.010

94-07 418 501 83 0.24 0.005

746 929 183 0.31 0.008

94-08 495 580 85 0.33 pending

798 852 54 0.45 pending

94-09 hole abandoned in overburden

94-10 172 258 86 0.46 pending