Metco Resources inc.

Metco Resources inc.

March 14, 2005 10:55 ET

Metco Resources Inc./Lebel-sur-Quevillon Geophysical Results: A Drill is Moving in


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: METCO RESOURCES INC.

TSX VENTURE SYMBOL: MKO

MARCH 14, 2005 - 10:55 ET

Metco Resources Inc./Lebel-sur-Quevillon Geophysical
Results: A Drill is Moving in

MONTREAL, CANADA--(CCNMatthews - March 14, 2005) - Metco Resources Inc.
(Metco) (TSX VENTURE:MKO) is pleased to announce that positive results
were obtained by recent geophysical Induced Polarization (IP) surveys on
Orphee-Mountain A and Mountain B properties. Consequently, a drill is
moving in today for 2,000 m of diamond drilling in order to test these
anomalies.

On Orphee-Mountain A property, held 50:50 with Breakwater Resources Ltd.
(Breakwater), geological compilation work has revealed a large
mineralized corridor in the east-centre of the Mountain A part of the
property and uncovered during previous drill holes. This corridor
reaches an apparent width of more than 50 m. At the beginning of year
2005, a sector 1.5 km wide in the central part of Mountain A, was
surveyed with. The principal result of this survey shows again that the
great mineralized corridor is still continuous and even larger towards
the western part of the surveyed sector.

Another sector, this one 1.9 km wide, and located in the central part of
Mountain B, property held 100% by Metco, was also surveyed by Induced
Polarization at the beginning of 2005. This survey reveals that the
great mineralized corridor is still continuous on all the width surveyed
and in addition, four more conductors are indicated. The conductor
showing the greatest potential is located in the northern part of the
property and confirms two old isolated input anomalies which were never
drilled. This conductor has a length of more than 500 m, and is at the
contact of felsic volcanics with the tonalite intrusive already located
in the northern part of the property.

From a geological standpoint, the properties are located in the volcanic
complex of Grevet-Mountain, situated between a tonalite intrusion in its
northern part, and by the Mountain pluton in its southern part. They
protect, on a length of 15 km, a part of the eastern extension of the
base metals mineralized corridors containing the Langlois Mine (lens 3,
4, 5 and 97), and the Grevet B and Orphee deposits.

The exploration strategy adopted here following the exploration programs
conducted during the last few years consists in locating the mineralized
channels with Induced Polarization (IP) surveys, which positions the
mineralized corridors, and then to test whether they contain massive or
semi-massive mineralization by diamond drilling. This method is very
efficient, the overburden being shallow in the area.

The corporate strategy of Metco is to search for, acquire, explore, and
develop mining properties with a high potential for base metals
throughout Canada. The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release. Florent
Gauthier, P.Eng., is the qualified person and has reviewed the content
of this news release.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Metco Resources Inc.
    Florent Gauthier, P.Eng.
    President
    (514) 875-6279
    or
    Metco Resources Inc.
    Michel Rathe
    Secretary-treasurer
    (514) 875-9820
    metco@info.ca
    www.metco.ca