New $1.2 M program for Vault claims

Drilling to date has delineated a large epithermal gold system over an area of 2,952 ft (east-west) by 1,640 ft (north-south).

The new program will include 39,360 ft of diamond drilling to further test the extension of the main Vault mineralized gold zone and to delineate other gold zones on the property.

Seven Mile High Resources also released assays from the balance of an additional 1988 drill program conducted late last year on the recommendation of Inco Gold to test the extension of the known mineralization. Results from three of the eight boreholes include: 3.15 ft of 0.689 oz gold and 0.28 oz silver; 1.84 ft of 8.107 oz gold and 9.84 oz silver (located 60 ft from an earlier hole that intersected 7.8 oz gold over a length of 0.72 ft) and; 1.81 ft of 0.235 oz gold and 0.83 oz silver. A 9.6 ft interval of 0.20 oz gold and 0.19 oz silver was noted as significant in that it represented a 820-ft eastern step-out from the main Vault Mineralized gold zone.

Five of the boreholes intersected weak or narrow mineralization, however, Seven Mile High said they were valuable in delineating the southern lim its of the gold zone.

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