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| | March 29, 2005
Walloper Confirms High Grade Copper Oxide Zone, Khok Adar Project, Mongolia
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| | VANCOUVER, B.C. -- Walloper Gold Resources Ltd., (the "Company") is pleased to announce surface trench results from its Khok Adar copper oxide discovery, Bayan Ulgii Province, Western Mongolia.
Five trenches were completed in Zone 1, where copper mineralization had been identified by previous Russian operators in the 1980's. A sixth trench was completed in a shallow covered area with interesting subcrop float,
alteration/mineralization some 500 meters north of Zone 1. The samples were taken at 2 meter intervals with 1 meter samples taken in selected areas. Where duplicate samples were taken the results were averaged.
Zone 1: Trenching
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Trench From To Intersection Cu Ag
# (m) (m) Total width (%) g/t
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C-1/C-1ext 0 210 210 1.43 14
Includes 66 90 24 2.74 25
and 94 102 8 2.90 20
and 117 130 13 4.94 59
and 130 186 56 1.68 15
KA-1 0 46 46 1.32 17
Includes 9 21 12 2.82 39
KA-2 0 46 46 0.18 1
KA-4 4 24 20 0.61 4
Two reconnaissance scout trenches outside of zone 1 were also completed. Trench KA-3 extended for 14 m and trench KA-5 extended for 95 m. There was no significant copper and silver mineralization found in these trenches.
Location maps are available on the Company's web site at: www.wallopergold.com.
The Company has tested the Zone 1 discovery area with 6 diamond drill holes (KA-04-01 to 06). Assays are pending subject to check assays from a secondary laboratory. Detailed project maps and photos of recent drill intercepts are shown on the Company's web site. A phase 2 drill program is planned for the project and will begin in Q2, 2005.
The Khok Adar project is thought to be a structurally controlled, copper-silver mineralized system that has been overprinted by later phases of epithermal/mesothermal alteration and mineralization. The initial phase 1 exploration program included 450 meters of trenching and 6 surface drill holes. Oxide Cu-Ag mineralization occurs to depths up to at least 70 meters with some Pb, Zn, and As present.
Previous Soviet work defined a series of N70ºW trending altered/mineralized zones that exhibit a strong shear fabric with a total strike of approximately 7 km. Initial work has focused on the western end of the Soviet Zone 1 that extends for approximately 1.7 km where it appears to bifurcate into two zones and extend a further 1.8 km where they remain open to the southeast. Mineralization in the area of trenching appears to be significantly influenced by a cross-cutting N-NE trending structure and a N15°W trending fault/shear zone.
Significant chalcopyrite and pyrite were intersected below the zone of oxidation in drill hole KA-04-04 over a 95 meter interval, assays are pending. To date the exploration program has focused on about 1 kilometer of Zone 1's western extension. The width of the alteration/mineralization in this part of Zone 1 based on silicification/sericitization/heavy Fe oxidation is between 125 to 200 meters. Surface copper staining is found commonly over portions of Zone 1's western extension and the best mineralization is strongly controlled by crosscutting structures. The eastern extension of Zone 1 has not been fully evaluated.
There are eight additional copper zones, previously identified from the Soviet work within the project tenement that have not been field checked as yet.
QA/QC
EAM conducts continuous QA/QC programs on all projects to ensure a robust and reliable database, and to continuously improve its sampling and assaying standards in conjunction with its primary laboratory SGS Mongolia. The EAM QA/QC program consists of reference standards, blanks and duplicates, each inserted at the minimum rate of 1 every 50 samples. Same site duplicate samples are randomly taken from drill, trench and outcrop to determine the
sensitivity of the data to site variations.
All trenches were excavated with a large Russian military backhoe and channel samples were collected carefully using a hammer and chisel method. The channel samples were shipped by truck or van and accompanied by an EAM employee to SGS Laboratories in Ulaanbaatar, Mongolia.
The sample preparation at SGS labs includes complete drying of the samples, crushing the sample for 90% passing 0.6 cm or ¼". Then a rotary split divider is used. A sample split of about 500 g or less for subsequent pulverizing is
used. Then pulverize to 90% of the sample passing 200 mesh. Analysis includes a fire assay of 30 g with an AAS finish for Au. Ore grade analysis for silver, copper, zinc and lead involve a triple acid digest (nitric, hydrochloric, and
perchloric) followed by atomic adsorption spectrometry.
Duplicates of 13 pulps from the trench sampling have been sent to McPhar laboratories in the Philippines for check assays. SGS Laboratories in Ulaanbaatar is ISO 9002 accredited.
Walloper, through its wholly owned subsidiary East Asia Minerals Corp. ("EAM") has an option to acquire a 75% interest in the Khok Adar project. EAM must fund US$1,000,000 in exploration expenditures over 3 years from the anniversary date of August 15, 2004. The minimum first year expenditures of US$150,000 have been completed as part of a US$216,000 Phase 1 exploration program completed in 2004-05.
John Gingerich, P.Geo, a qualified person under NI 43-101, has reviewed the contents of this news release.
For further information on the project please see the technical report dated November 26, 2004, filed on www.sedar.com.
ON BEHALF OF THE BOARD
"Lyndon Bradish"
President & CEO
For further information about the Company, please contact:
Mark Patchett, Telephone: (604) 684-2183 / Facsimile: (604) 688.2180
Email: [email protected]
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS
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