Prime Resources Group Inc. - Exploration Drilling at Eskay Creek Intersects New High Grade Gold and Silver Mineralization

Business Wire, Nov 6, 1995

VANCOUVER, B.C.--(BUSINESS WIRE)--Nov. 6, 1995--PRIME RESOURCES GROUP (TSE, VSE: PRU) Prime Resources Group Inc. ("Prime") reports that this year's exploration diamond drilling program at Eskay Creek was successful in intersecting a high grade gold and silver zone which appears to be a stratigraphic extension to the northeast end of the main 21B Eskay Creek ore zone.

A total of ten surface holes (1,000 meters) were drilled into the zone now called the NEX as part of 1995's planned exploration program, and assay results to date have been very positive. All holes in the program were successful in intersecting gold and silver mineralization over widths of 1.5 to 9.6 meters (5 to 31 feet). Hole NEX 95-8 returned one of the most significant results of the program: 74.5 grams per tonne gold (2.17 ounces per ton) and 3,129 grams per tonne silver (91.3 ounces per ton) over a width of 4.8 meters (16 feet). The mineralization intersected appears to be uniformly low in deleterious elements (mercury, arsenic and antimony) compared to the 21B zone, with several holes showing significant base metal enrichment. Assay results of the significant intercepts of the program follow: -0-