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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.
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 |
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(Registrant) |
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Date: June 25, 2004 |
By: |
"John Kruzick" |
John Kruzick, President/Director |
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
.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