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Pacific Minerals Announces Drill Results from the QCZ Gold Project, Liaoning Province, China

March 8, 2004
Beijing, China - Pacific Minerals announced today that it has received analytical results for diamond drill core samples from its recently completed drilling campaign on the QCZ Gold Project, Liaoning Province, China. Some 2500 metres of drilling was carried out on targets on the GCD and WDG exploration blocks located within the 480-square-kilometre project area. Targets on the GCD block were defined on the basis of geological mapping, grid geochemistry and geophysical surveying (magnetics and IP), whereas the drilling on the WGD block targeted along-strike and down-dip extensions of known mineralization occurring on adjacent mining leases.

While drilling intersected only weakly mineralized zones of pyrite-pyrrhotite ±arsenopyrite mineralization on the GCD grid, significant mineralization was intersected in both drill holes completed in the WDG block. 

Results from these holes are as follows:

Willem Fuchter, PhD PGeo, is the qualified person responsible for overseeing the technical information regarding the QCZ Gold Project. The core samples were analyzed in the Chinese partner's laboratory in Liaoning Province. The Chinese partner is the Liaoning Non-Ferrous Geology and Exploration Institute.

Investors: Bill Trenaman/ Media: Bob Williamson: +1.604.688.5755
Email: [email protected] Website: www.pacific-minerals.com

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements: Statements in this release that are forward-looking statements, including the possible future exploration of the QCZ Gold Project, Liaoning Province, China, are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The company does not assume the obligation to update any forward-looking statement.