Stealth Minerals (fka TSX:SML)

[Ed Monton]

More news:

STEALTH MINERALS LIMITED

TSX VENTURE SYMBOL: SML

NOVEMBER 27, 2003 - 10:37 ET

Stealth Minerals Limited: High-Grade Gold and Silver
Values Discovered at the Mess Prospect

VANCOUVER, BRITISH COLUMBIA--Stealth Minerals holds an option to
acquire a 100% interest in the Toodoggone Project, which is a
large land position in north central BC. The area has been
subject to exploration from the 1960s to the early 1990s when
interest in the area waned. Many of the prospects in the area
have been subject to several programs and Stealth Minerals is the
most recent company to perform work on known prospects, such as
the subject property. The Mess prospect has yielded better gold
and silver assays than previously due mainly to the more
intensive field work performed by the Company in 2003.

The Mess prospect is located approximately seven kilometres east
of the Kemess mine of Northgate Explorations Limited (NGX-T).
Serem discovered the Mess showing in 1980 when soil sampling
followed by limited trenching was performed. Assays from veins
returned up to 800 g/t silver (25.7 oz/t) in rock samples and 3.8
g/t gold in silt samples. An extensive grid across the property
was completed in 1986 by D.L. Cooke and Associates and outlined
numerous precious metal soil anomalies with gold values up to 1.7
g/t. In 1989, Inco Gold performed prospecting and trenching, with
values up to 3.8 g/t gold and 320 g/t silver (10.3 oz/t). This
was followed by diamond drilling of 367.7 metres in 7 holes with
two set-ups on this showing.

During 2003, Stealth performed prospecting in the Mess area and a
total of 85 rock samples from float and outcrop returned fire
assays from 0.01 g/t to 37.54 g/t gold and from 0.01 g/t to 8,520
g/t silver. The samples were from a large area about 1,500 metres
north-south and 500 metres east west. Several new zones were
discovered.

Within this area, Takla Group andesite and Toodoggone Formation
rocks occur in fault contact and are cut by feldspar porphyry
dykes with associated polymetallic epithermal veins in
quartz-sericite-carbonate alteration and bladed quartz-barite
with silica. This structurally controlled alteration hosts
variable concentrations of pyrite, sphalerite, galena, and
chalcopyrite with associated zinc, lead, copper and gold and
silver values.

The South Trench area, which is approximately 100 metres
northwest of the 1989 Inco Gold drill collars returned assays
from grab samples of 2.04 g/t gold and 154.0 g/t silver. To the
north, sampling identified three areas with dimensions of
approximately 50 to 80 metres in width and 200 to 450 metres in
length containing anomalous gold and silver values in float and
outcrop. Results include 1.25 g/t gold, 92.0 g/t silver, 0.10 g/t
gold, 403.0 g/t silver and 37.54 g/t gold, 100.6 g/t silver.
These areas are believed to be new discoveries by Stealth.

The North Trench area is approximately 1,500 metres north of the
South Trench and is underlain by intermediate volcanic rocks cut
by an orange coloured, feldspar porphyry dyke, 20 to 50 metres in
width and over 200 metres in length. In proximity to the dyke,
structurally controlled zones of quartz-illite,
chlorite-sericite, and carbonate alteration occur and contain
variable concentrations of copper, lead, zinc with significant
gold and silver values. Samples taken by Stealth include:

- 0.60 g/t gold, 3,500 g/t silver (112.5 oz/t), 0.24% copper,
12.2 % lead and 1.1% zinc over 1.5 metres

- 7.3 g/t gold, 5,400 g/t silver (173.6 oz/t), 0.23% copper,
14.3% lead and 1.7% zinc over 1.5 metres

- Grab sample-7.0 g/t gold, 5,040 g/t silver (162 oz/t), 0.19%
copper, 20.9% lead and 0.55% zinc

- Grab sample-0.30 g/t gold, 8,520 g/t silver (274 oz/t), 0.75%
copper, 5.26% lead and 0.55% zinc

The trenches reported above are open as to width. The highest
value grab sample assayed 37.54 g/t gold and 100.6 g/t silver
with trace base metals, was taken in an area about mid-point
between the South and North Trenches, which are 1,500 metres
apart. The proximity of gold, silver and base metal values
related to regional-scale structures and dykes for over 1,500
metres suggests the Mess prospect could host large, high-grade
epithermal polymetallic gold-silver deposits. Detailed
prospecting, mapping, sampling, excavator trenching and diamond
drilling are planned for this area in 2004.

The presence of very high silver values at the Mess prospect is
worthy of comment. Samples from one of the new Stealth trenches
assayed by ICP-MS, yielded 4.8 g/t gold and 146 g/t silver (4.7
oz/t). The fire assay of the reject from this sample assayed 7.3
g/t gold and 5,400 g/t silver (173 oz/t). The Company has
subjected for re-assay, by fire assay, the rejects of several
other 100 g/t + silver ICP-MS samples and in many cases the fire
assay values are materially higher. This appears to occur in
samples with both high and low concentrations of base metals. For
example, a sample from the Sickle Creek area taken by Dr. Ken
Dawson, initially returned 28.9 g/t gold (fire assay) and 177 g/t
silver (5.7 oz/t) by ICP-MS. The fire assays on the reject from
this sample returned 24.3 g/t gold and 826 g/t silver (26.5
oz/t).

The Company is encouraged by this apparent oversight of previous
workers as the majority of silver assays in the history of
Toodoggone exploration has been by ICP and not fire assay.

The Company believes that it made three new discoveries in the
Toodoggone this year, The BeeGee, the August and Sickle Creek, in
what is widely believed to be a mature exploration area and
unlikely to produce original discoveries. The BC Ministry of
Mines has recognized Sickle Creek as a new discovery and has
issued it a Minfile Number (094E 237) the first such in about 10
years. As noted, Stealth has recently staked a large block of
claims along the eastern margin of the Toodoggone Basin, an area
that has seen cursory exploration. Some of the assessment reports
from this area mention 100+ g/t silver values, which are reported
as ICP analysis. The Company has additional compelling evidence
to support its view that this area has excellent discovery
potential.

Assaying was performed by Acme Analytical of Vancouver, BC and
fire assay on rejects was performed by ALS Chemex of North
Vancouver BC. Fieldwork is under the supervision of David Blann,
P. Eng., a Qualified Person and a director of the Company.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Bill McWilliam
Chief Executive Officer
[phone]
[e-mail]
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE