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MAGR news - Magnum Hits Anomalous Gold; Ulaan -- Arsenic -- Zone Exploration Summary
7/21/2004 10:44:00 AM










TORONTO, Jul 21, 2004 (BUSINESS WIRE) -- MR. RENO J. CALABRIGO, President and CEO of Magnum d'Or Resources, Inc. (MAGR) is pleased to announce that the first phase of the 2004 Exploration Program on the Shandi mineral property has been successfully completed in the Ulaan Zone, formally known as the Arsenic Zone.

The diamond-drilling program at the Ulaan Zone consisted of 4 drill holes 100m to 145m in depth and was carried out from June 11 to June 25, 2004. All holes were collared approximately 20 meters south of the rhyolite breccia outcrop and were drilled along North azimuths with -70 degree dips. All drill holes encountered anomalous gold. Select results are listed below:

Drill Hole Interval Width Au (gm/t) As ppm Sb ppm
------------------ ----------- --------- --------- -------- ---------

MU04-06 23.0-24.5m 1.5m .032 615 55
------------------ ----------- --------- --------- -------- ---------

less than
MU04-06 46.0-48.0m 2.0m .036 2280 10
------------------ ----------- --------- --------- -------- ---------

less than
MU04-07 42.4-46.0m 2.6m .081 1740 10
------------------ ----------- --------- --------- -------- ---------

less than
MU04-07 42.4-56.0m 13.6m .034 1128 10
------------------ ----------- --------- --------- -------- ---------

less than
MU04-07 62.0-64.0m 2.0m .021 585 10
------------------ ----------- --------- --------- -------- ---------

less than
MU04-08 8.5-10.0m 1.5m .011 970 10
------------------ ----------- --------- --------- -------- ---------

less than
MU04-08 19.0-25.0m 6.0m .012 480 10
------------------ ----------- --------- --------- -------- ---------


MU04-09 11.5-13.0m 1.5m .027 1330 98
------------------ ----------- --------- --------- -------- ---------


MU04-09 42.0-44.0m 2.0m .117 1000 82
------------------ ----------- --------- --------- -------- ---------

less than
MU04-09 58.0-60.0m 2.0m .029 85 10
------------------ ----------- --------- --------- -------- ---------


MU04-09 68.0-70.0m 2.0m .072 1370 37
------------------ ----------- --------- --------- -------- ---------


Prior to diamond drilling at the Ulaan Zone, surface rock sampling located abnormally high iron, arsenic, antimony, and barium values hosted by a strongly brecciated rhyolite dike. Surface samples returned high values in antimony (318-1117ppm), iron (11.6-19.5%) and arsenic (1777-2983ppm) with associated anomalous gold values.

Sulphide mineralization seen at the Ulaan Mineral Zone is associated with the strong faulting that was evident in drill holes MU04-06, 07, and 09. This faulting generally occurs in close proximity to a rhyolite breccia, and the breccia unit itself and is likely an expression of the general zone of east-west faulting.

In a relatively short period, the Company has discovered a zone of high sulphidation epithermal style mineralization. Sulphide (mainly pyrite and arsenopyrite) mineralization was found in all four drill holes, which were spaced 400 meters apart. This mineralization is typical of the upper levels of an epithermal gold system.

The company is very pleased with the discovery of strong concentrations of pyrite-arsenopyrite mineralization and the trace elements of gold which indicate the upper portion of a high sulphidation epithermal mineral system and more importantly an anomalous gold discovery which was found to increase at depth.

In summary, the 4 holes in the Ulaan zone were only drilled to 145m in depth showing a higher grade of gold at the shallow depth of 145 m. Magnum is excited about the results for various reasons, primarily with the fact that anomalous gold was present and increasing in grade at a shallow depth. Mr. Calabrigo, president of Magnum stated "these drill holes encountered anomalous gold within a highly prospective mining environment occupying very high grades of indicator minerals thus revealing a potential for a significant zone at depth", Mr. Calabrigo also stated "Magnum is looking forward to a Fall drill program, which will test and possibly reveal the significant epithermal gold zone potentially at a slightly deeper depth."

It should be noted that this discovery was made based on minimal surface geology and that the area is still vastly under explored. With the knowledge of anomalous gold present and a high degree of indicator metals, along with an ideal geological environment, the second phase of work on the Ulaan Zone will be very exciting and consist of Induced Polarization and Magnetometer surveys followed by deeper diamond drilling. Magnum is also expecting results from the Magnetite Hill drill program and the promising Kuhl Morit work programs which will be released in the near future as data is made available.

A full report of this work program will be available on the company's website. All shareholders are encouraged to sign up on the Company's website to receive updates.

A number of statements contained in this press release are forward-looking statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve a number of risks and uncertainties including but not limited to: competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results that Magnum may achieve could differ materially from any forward-looking statements due to such risks and uncertainties.

SOURCE: Magnum d'Or Resources, Inc.

Magnum d'Or Resources, Inc.
Reno J. Calabrigo, 416-386-0044
email: [e-mail]
website: www.magnumexploration.com


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