Followup drilling for Rock and Roll bet

Partners Eurus Resource (VSE) and Thios Resources (VSE) are planning a second phase of drilling on their promising Rock & Roll massive sulphide prospect in the Iskut River camp of northwestern British Columbia. The two associated juniors can jointly earn a 100% interest in the property from Prime Equities by spending $1 million on exploration by mid-March of 1995. Prime Equities currently holds about 14.09% of the issued and outstanding shares of Eurus.

Located in an area of generally low relief about six miles from the Snip gold project, the property is linked to the Bronson airstrip by a trail negotiable by all-terrain vehicles.

The property originally consisted of two claims, but this was expanded to 21 claims covering about 21,000 acres during a recent staking program by Eurus and Thios.

Exploration in 1990 began with a first-phase program that led to the discovery of the Black Dog zone. The first trench on the zone exposed massive sulphide mineralization hosted by argillaceous rocks in a volcanic-sedimentary stratigraphic sequence.

The best assays from channel sampling of this trench included 0.31 oz. gold, 100 oz. silver, 8.15% lead, 4.24% zinc and 0.65% copper across 4.6 ft. and 0.29 oz. gold, 150 oz. silver, 6.22% lead, 8.57% zinc and 2.42% copper across 4.6 ft.

A 9-hole drill program followed (results are listed below). The partners said 1990 drilling indicated that the Black Dog zone mineralization represents a volcanogenic massive sulphide target similar to polymetallic sulphide deposits in Quebec, Ontario, the Tulsequah Chief deposit in British Columbia, and the Kuroko-type deposits of Japan. The zone is now reported to have a minimum strike length of about 1,181 ft., dips moderately to the south and is open in all directions.

A third phase of work was recently completed on the property which included soil sampling, mapping, magnetometer and VLF-EM surveying, and geophysical (IP) surveying.

The partners now report that this work indicated a number of east- west trending chargeability highs/ resistivity lows coincident with and parallel to the Black Dog zone.

Preliminary results of a recent, airborne geophysical survey showed a number of conductive responses which the partners view as representing the extension of the Black Dog stratigraphy to the southeast. A second Aerodat survey showed that conductive responses associated with the Black Dog stratigraphy can be traced over a strike length of 8,200 ft. on to the adjacent property to the east.

These promising targets, and others elsewhere on the property, will be evaluated in ongoing work programs. The results are expected to lead to a second phase of drilling in January.

Eurus and Thios recently acquired the right to earn a 75% interest in the Rob claims (the Bornagain project) to the east, which covers the interpreted southeastern trend of the Black Dog stratigraphy. Work is under way, and two conductive trends of interest have been identified from preliminary interpretation of a recent airborne EM survey.

Results from recent drilling to test the Black Dog zone on the Rock & Roll property are as follows: ft. ft. oz./ton oz./ton % % % Hole intersection length gold silver lead zinc copper 90-1 36.7-68.4 31.7 0.08025.7 2.07 5.35 0.58 90-2 60.3-94.4 34.1 0.04814.3 1.28 4.27 0.49 90-3 59.0-66.2 7.2 0.0311.60 0.66 2.95 0.05 90-4 63.4-66.7 3.3 0.1136.78 0.75 2.14 0.26 92.4-100.9 8.5 0.0627.84 0.61 2.79 0.76 90-5 65.0-71.5 6.5 0.0382.39 0.22 0.78 0.12 93.1-111.5 18.4 0.05510.8 0.90 3.26 0.66 90-6 139.3-156.2 16.9 0.0707.05 0.48 3.25 1.07 172.5-187.0 14.5 0.0397.58 0.66 3.18 0.96