PRESS RELEASE
July 25th 2003
STEALTH MINERALS LIMITED
(TSXV: SML)
PROSPECTING UPDATE
The Company has a nine member prospecting team in camp. Prospecting and rock
breaking has been conducted in three specific areas and some promising new discoveries
have been identified. The prospecting has generated several tonnes of samples including
rock, stream sediment and clay alteration. As noted, the Company has a PIMA infrared
spectrometer in camp, which allows accurate and timely identification of important clay
minerals. Management believes that this team of experienced prospectors is among the
best ever assembled in Canada.
10K Prospect
An important new discovery, called the 10K Prospect was found on July 6th. Preliminary
assays from 13 character samples over the 200-metres by 200-metres discovery area were
reported on July 16th. Assays from these samples were encouraging and the Company
commenced a large-scale trenching program. This work has revealed mineralization over
an area of 775 metres by 550 metres and the zone is open in all directions. The company
has completed four trenches for a total of 750 metres. All trenches have been chip
sampled and are in for assay. More trenching is planned.
Electrum
Prospecting around the Electrum gold silver showing has revealed two new zones. Three
samples from an outcrop 1.4 kilometres northeast of the known showing assayed 8.6 g/t
silver and 7.27 g/t gold, 187 g/t silver, 80.8 g/t gold and 48 g/t silver 1.42 g/t gold. In an
area 300 metres east of a recent drill hole on the Electrum prospect, an outcrop sample
contained visible gold. More prospecting, sampling and possibly trenching will be
conducted in this area.
VIP and Firesteel
The area to the west of Trench #3 is covered with heavy overburden and swamps.
Virtually no outcrop occurs. The planned airborne survey will assist in identifying buried
targets in this area.
JC and Related Areas
The company’s first fly camps were in the JC area, which is considered the Toodoggone
frontier. Large areas of alteration were encountered including barite, quartz and alunite.
PIMA analysis has confirmed the existence of favorable alteration minerals, such as
alunite, pyrophyllite and illite that are commonly associated with high-sulphidation
intrusion-related epithermal gold deposits. Rock samples from outcrop are in for assay.
Nub Mountain and Nub West
Company prospectors have discovered quartz veins within favorable alteration zones.
Samples are in camp for clay mineral analysis and rock samples are in transit to
Vancouver.
GSC Multi-Array Airborne Survey
This low-level airborne survey is expected to get underway August 15th. The data are
expected to pinpoint important structural features and alteration zones for detailed
follow-up by ground based prospecting.
Acme Analytical of Vancouver is conducting all assaying. The exploration program is
under the direction of David Blann, P. Eng., a Qualified Person and a director of the
Company. The Company has contracted with consulting geologists Dr. Ken Dawson of
Terra Geological, Dr. Tom Richards of TR Prospecting and Ms. Anne Thomson of
PetraScience Consultants.
The Company believes that the Toodoggone Project in north central BC has the potential
to host important gold, silver and base metal resources. The Company is conducting a
$3.2 million exploration program that will assess several known prospects and is
expected to generate several more prospects. The Company has an option to earn a 100%
interest in the Toodoggone Project, which is a contiguous 480 square kilometre land
package in a highly prospective geological setting.
Bill McWilliam
Chief Executive Officer
Phone 604-306-0391
Email-Bill@McWilliam.com
Stealth Minerals Limited
Website: www.stealthminerals.com
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