IAMR - InterAmerican Resources, Inc. (fka IAMR)

[jmhollen]

InterAmerican Resources, Inc. Announces High-Grade Surface Mineralization Discovered At Mazama

MIAMI, Dec 6, 2001 (BUSINESS WIRE) -- InterAmerican Resources, Inc.'s (OTC:IAMR) wholly-owned subsidiary Sovereign Resources, Inc. ("Sovereign Resources") reports that recent surface sampling has discovered previously-unrecognized high-grade copper and silver mineralization at the company's Mazama porphyry Cu-Mo project.

Samples were collected by Sovereign Resources geologists across areas where significant alteration and copper (sulfide + oxide) mineralization was observed. Results were as follows:

Copper Molybdenum Silver
Sample Number (% Cu) (% Mo) oz/ST
-----------------------------------------------------------
8-1 1.19% 0.001% 0.029
9-1 0.83% 0.013% 0.058
9-2 0.29% 0.001% 0.015
9-5 0.60% 0.006% 0.015
9-6 0.75% 0.008% 0.044
F-1 0.20% (trace) 0.015
F-2 0.10% (trace) 0.015
Average: 0.57% Cu 0.004% Mo 0.027 oz Ag/ST

InterAmerican's geologic consultants' report that Sample 8-1 was taken in an area where significant chalcocite mineralization is exposed at the surface along trend with the main orebody. Surface sampling and trenching by Noranda in the same general area previously returned 0.78% Cu over 50 feet and 0.47% Cu over 150 feet.

IAMR's consultants were also very encouraged by the assays taken from the Fawn claim group (F-1 & F-2), which demonstrated anomalous copper, molybdenum and silver mineralization over a very significant area that may, in fact, represent a major extension of the previously-defined proven and probable ore reserves reported by Quintana Minerals (143,718,000 ST grading 0.36% Cu and 0.008% Mo).

These results also support Sovereign Resources' belief that previously-reported copper grades at Mazama may have been significantly understated. These sample assays also suggest that the previously-reported Mazama ore reserve may in fact host significant silver credits.

All samples referred to in this news release were shipped to ALS Chemex Labs in Sparks, Nevada. Preparation of the samples involved drying, crushing, and pulverizing to -150 mesh. ALS Chemex sample preparation procedures include the use of a barren wash of the sample preparation equipment between sample batches.

All samples were assayed with a mixed acid digestion procedure, with copper (Cu), molybdenum (Mo) and silver (Ag) concentrations measured by Inductively Coupled Plasma Atomic Emission Spectrometry (ICPAES) at ALS Chemex Lab. Appropriate blanks, standards and duplicates were used during the assaying procedures. Samples exhibiting anomalous values (high or low) were re-analyzed using either the original pulp or a second split.

All pulps and rejects from which the samples were derived are available at ALS Chemex Labs for future reference.

Drilling on the Company's Mazama deposit has been delayed by logistical and weather-related causes. InterAmerican Resources is optimistic that it will be able to resume drilling shortly. The initial core hole will test the zone of high-grade copper mineralization indicated by Sample No. 8-1 (1.19% Cu).

ON BEHALF OF THE BOARD Allan Smith President

CONTACT: InterAmerican Resources, Inc., Miami
Allan Smith, 305/438-0020
email: [e-mail]