Step-out drilling extends east zone at Eskay Creek

Two drill rigs continue to test the 21 zone discovery and the winter drill program should be completed by month-end, said Calpine, the operator. Grade and tonnage calculations will be made by an independent consultant after the program is completed, the company added.

Results from an airborne geophysical survey over the Eskay Creek project and surrounding properties are expected before work resumes. The geophysical data will help locate the fault offset of the 21 zone to the west and help in evaluating other precious metal zones in the area, the company said.

Some excellent results were reported from recent drilling, highlights from which are reported below.

Length Hole (ft) Au oz/t Ag oz/t CA89-27 8.9 0.54 2.7 CA89-28 28.2 1.1 0.2

9.8 0.16 2.2 CA89-31 19.7 0.18 0.59 CA89-35 157.5 0.09 1.87 including 29.5 0.14 5.12

39.4 0.16 1.8 CA89-37 14.8 0.27 0.67 CA89-42 14.8 0.41 2.0 CA89-43 73.8 0.36 2.8 including 39.4 0.64 2.8 CA89-44 24.6 0.30 1.3

Holes CA89-43 and 44 are step- out holes located some 50 metres east of holes CA88-16 and CA89-17, which returned assays of 0.1 oz gold and 3.4 oz silver over 78.7 ft and 0.32 oz gold and 0.26 oz silver over 44.3 ft respectively.

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