-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AIonhbhHZKBBMYzrgIqBJB3UDG+JQKfYaoKx/NLUqD1S5IU/4WS/PFPmNa+TtbqZ FIE7SX3YtG/PVNK1BPqmkQ== 0001244820-04-000017.txt : 20040628 0001244820-04-000017.hdr.sgml : 20040628 20040628075152 ACCESSION NUMBER: 0001244820-04-000017 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20040624 FILED AS OF DATE: 20040628 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DRC RESOURCES CORP /FI CENTRAL INDEX KEY: 0000800166 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-31722 FILM NUMBER: 04883255 BUSINESS ADDRESS: STREET 1: #601 - 595 HOWE STREET CITY: VANCOUVER BC CANADA STATE: A1 ZIP: V6C 2T5 BUSINESS PHONE: (604) 687-1629 6-K 1 form6k.htm FORM 6-K JUNE 25, 2004 U

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 or 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of June, 2004

Commission File Number 1-31722

 

DRC RESOURCES CORPORATION

(Exact name of registrant as specified in its charter)

595 Howe Street, Suite #601, Vancouver, British Columbia, Canada V6C 2T5

(604) 687-1629

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F __X__           Form 40-F ___

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(1): ___

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ___

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ___          No __X__

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ___.

 

 

EXHIBIT INDEX

The following is a list of Exhibits included as part of this Report on Form 6-K.

  1. Press Release dated June 24, 2004 announcing that it has received approval from SRK Consulting for the design of the advanced exploration and development program of the Afton Copper-Gold Project.
  2. Material Change report dated June 24, 2004 announcing that it has received approval from SRK Consulting for the design of the advanced exploration and development program of the Afton Copper-Gold Project.

 

SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

DRC RESOURCES CORPORATION

 

(Registrant)

   

Date:  June 25, 2004

By:

"John Kruzick"

   

John Kruzick, President/Director

 

EX-1 2 pr0624.htm EXHIBIT 1 - PRESS RELEASE DRC Resources Corporation

DRC Resources Corporation

601 - 595 Howe Street, Vancouver, B.C. V6C 2T5

Tel: 604-687-1629 ~ Fax: 604-687-2845

E-mail address: drcresources@uniserve.com

Website: www.drcresources.com

TSX Symbol: DRC

DRC Resources Invites Tenders From Mining Contractors

June 24, 2004, Vancouver, BC - DRC Resources has received approval from SRK Consulting for the design of the advanced exploration and development program of the Afton Copper-Gold Project. The program will include the excavation of a 2000 metre decline (tunnel). The latest design, effecting some exploration drilling cost savings, will provide access, ventilation and haulage-ways for future project development.

The main purpose of the decline is to provide underground access for the definition diamond drill program, bulk sampling and technical studies, which will be carried on concurrently with development of the decline, in order to complete the Afton Feasibility Study.

On June 21, 2004 the Company selected five mining contractors to whom it issued Tender/Contract Document books inviting bids on the development work. These contractors have extensive experience and proven track records in hard-rock mine development. The timeline for bid response and awarding of the contract will be July 2004 with the work planned to commence in August 2004.

The Company's Vice President of Exploration and Development, Michael W. Hibbitts, P. Geo., a Qualified Person as defined by National Instrument 43-101, will supervise implementation of the site-oriented section of the Quality Assurance Program as part of the Company's formal Exploration Practices Policy for this final stage of advanced exploration of the Afton Project.

DRC Resources Corporation is a natural resource company with its head office in Vancouver and a field office in Kamloops, B.C. The main focus of DRC Resources is the exploration and development of the Afton Copper-Gold Project located in the Kamloops Mining Division.

The Afton Copper-Gold Project is identified by the British Columbia Ministry of Energy & Mines as the largest advanced exploration project in South Central B.C. To date the Company had expended over $5 Million on exploration on the Afton Mineral Zone, outlining a 68.7 Million Tonne Measured and Indicated Mineral Resource of 1.68% Copper Equivalent or 2.61g/t Gold Equivalent (1.08% Cu, 0.85 g/t Au, 2.62 g/t Ag, 0.12 g/t Pd). Reference: Advanced Scoping Study Feb 2004, Behre Dolbear & Company Ltd. (SEDAR)

 

NOTE: Metal Prices Used: Copper $US 0.85/lb, Gold $US375/oz, Silver $US 5.25/oz and Palladium $US 200/oz

Assumed Metal Recovery: Copper 90%, Gold 90%, Silver 75% and Palladium 74%

Cutoff Grade: 0.70% Copper Equivalent

On behalf of DRC Resources Corporation,

"John Kruzick"

John H. Kruzick
President and Chief Executive Officer

For further information on DRC Resources and the Afton Project, please contact:

DRC Resources Corporation

601 - 595 Howe Street, Vancouver, B.C. V6C 2T5
Tel: 604-687-1629, Fax: 604-687-2845
Email: drcresources@uniserve.com
Website: www.drcresources.com

 

Safe Harbor Statement under the United States Private Securities Litigation Act of 1995: This release made may contain forward-looking statements that are affected by known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed, implied or anticipated by such forward-looking statements. Such forward-looking statements herein represent management's best judgment as of the date hereof based on information currently available. The Company does not intend to update this information and disclaims any legal liability to the contrary.

WARNING: The Company relies upon litigation protection for "forward-looking" statements.

DRC Resources Corporation's shares trade on the Toronto Stock Exchange (TSX: DRC). The TSX has

neither approved nor disapproved the form or content of this release.

EX-2 3 mcr0624.htm EXHIBIT 2 - MATERIAL CHANGE REPORT FORM 27

BC FORM 53-901F

(Formerly Form 27)

SECURITIES ACT

MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE ACT

Item 1: Reporting Issuer:

DRC Resources Corporation.

 

595 Howe Street, Suite #601

 

Vancouver, B.C. V6C 2T5

 

Phone: (604) 687-1629 - Fax (604) 687-2845

 

Email address: drcresources@uniserve.com

Item 2: Date of Material Change: June 21, 2004

Item 3: Press Release: Dated June 24, 2004 issued in Vancouver, British Columbia

Item 4: Summary of Material Change: DRC Resources has received approval from SRK Consulting for the design of the advanced exploration and development program of the Afton Copper-Gold Project. On June 21, 2004 the Company selected five mining contractors to whom it issued Tender/Contract Document books inviting bids on the development work.

Item 5: Full Description of Material Change: DRC Resources has received approval from SRK Consulting for the design of the advanced exploration and development program of the Afton Copper-Gold Project. The program will include the excavation of a 2000 metre decline (tunnel). The latest design, effecting some exploration drilling cost savings, will provide access, ventilation and haulage-ways for future project development.

The main purpose of the decline is to provide underground access for the definition diamond drill program, bulk sampling and technical studies, which will be carried on concurrently with development of the decline, in order to complete the Afton Feasibility Study.

On June 21, 2004 the Company selected five mining contractors to whom it issued Tender/Contract Document books inviting bids on the development work. These contractors have extensive experience and proven track records in hard-rock mine development. The timeline for bid response and awarding of the contract will be July 2004 with the work planned to commence in August 2004.

Item 6: Reliance on section 85 (2) of the Act: Filed on a confidential basis: Not Applicable.

Item 7: Omitted Information: Not Applicable

Item 8: Senior Officer: John H. Kruzick 604-687-1629

Item 9: Statement of Senior Officer: "The foregoing accurately discloses the material change referred to herein."

Dated at Vancouver, British Columbia on the 24th day of June, 2004

"signed"

John H. Kruzick, President/Director

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