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Drill Results On The Red Mountain Property BX Claims

September 30, 2004

ASC Industries Ltd. (ASC) and Regent Ventures Ltd. have provided the following assay results from DDH04-41 drilled on the BX claims portion of the Red Mountain property in the Hobo Creek area.

DDH04-41 was drilled to a total depth of 228.3 metres (749 feet). Core assays show that the entire hole was anomalous for gold with higher-grade intersections as follows:

From To Width Gold
(m) (m) (m) (g/t)
34.60 35.60 1.00 1.15
62.00 68.00 6.00 1.05
154.50 157.50 3.00 1.85
164.50 165.50 1.00 1.24
172.60 173.60 1.00 1.24

The first hole drilled on the BX claims this year, DDH04-40, was terminated due to drilling difficulties at a depth of 87.17 metres before encountering the targeted zone. Core assay results provided the following intersection:

From To Width Gold
(m) (m) (m) (g/t)
24.00 33.07 9.07 0.50

Three additional holes were drilled on the BX claims during the 2004 program for which assays are pending. The results of assays on core samples from these holes will be released as available.

The 2004 exploration program on the Red Mountain property, including supervision and collection of core samples, is being conducted and managed by Aurum Geological under the direction of Al Doherty, PGeo, a qualified person under National Instrument 43-101.

 
     
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