News

DDH04-18 Assay Results Red Mountain, 125 m of 1.14g/t Gold

August 30, 2004

ASC Industries Ltd. has provided the following 2004 drilling update on its Red Mountain property, Yukon.

DDH-04-18 -- total depth 217 metres (712 feet)

As previously reported (see Stockwatch of Aug. 23, 2004), the company is now in receipt of complete assay results for hole DDH-04-18, located within the central part of the Jethro structure, and approximately 75 metres north to northwesterly from DDH-03-12.

DDH-04-18 From To Length Gold
(m) (m) (m) (g/t)

17.00 191.00 174.00 0.95
Incl 17.00 142.00 125.00 1.14
Or 45.00 113.00 68.00 1.49
Or 74.00 113.00 39.00 1.97

The company is awaiting further assay results for DDH-04-19 and continues its 2004 drilling and exploration program on the BX group of claims optioned from Regent Ventures Ltd. Drilling is currently in progress to confirm the extent of gold mineralization found in the 2003 DDH-03-39 located on the Treadwell structure.

The 2004 exploration program at Red Mountain, including the supervision and collection of core samples, is being conducted and managed by Aurum Geological under the direction of Al Doherty, PGeo, a qualified person under NI 43-101.