CORRECTION: Matamec-Complete Results of its Recent Drilling Program

06/06/01 - VAL D'OR, QUEBEC--Matamec Explorations Inc. wishes to announce the complete results of its drilling program, conducted in March 2001 on its Sakami property, located 80 km south-east of Radisson, Province of Quebec.

Fourteen (14) holes totalling 2713 metres (8900') have been drilled following these parameters:


/T/

TABLE 1
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Hole Grid Location Azimuth Dip Length (m)
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1 L-740 E/075 N 130 degres 49 degres 167
2 L-780 E/000 N 130 degres 48 degres 152
3 L-825 E/000 130 degres 51 degres 152
4 L-825 E/075S 130 degres 50 degres 170
5 L-780 E/125 N 130 degres 48 degres 257
6 L-1350 E/025 S 130 degres 50 degres 197
7 L-1400 E/050 S 130 degres 50 degres 269
8 L-1200 E/175 S 310 degres 50 degres 215
9 L-725 E/125 N 130 degres 51 degres 230
10 L-780 E/ 050 N 130 degres 54 degres 193
11 L-900 E/075 N 130 degres 64 degres 122
12 L-450 E /125 S 310 degres 46 degres 203
13 L-700 E/150 N 130 degres 50 degres 182
14 L-800 E/050 N 130 degres 50 degres 191
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This program was designed to test zone 25, zone 23 and geophysical
(induced polarization) anomalies. Drilling results are reported to
table 2:

TABLE 2
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Hole From To Length Gold Grade Target
(m) (m) (m) (g/t)
------------------------------------------------------------
1 82,55 109,5 26,95 (88,4') 1,31 Zone 25
122 124 2,0 (6,6') 1,13 *
150 150,75 0,75 (2,5') 2,07 *
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2 4,1 49,35 45,25 (148,4') 1,4 Zone 25
77 80 3,0 (9,8') 1,35 *
126,5 128 1,5 (4,9') 1,2 *
------------------------------------------------------------
3 50,5 60 9,5 (31,1') 2,23 Zone 25
------------------------------------------------------------
4 53,5 57,5 4,0 (13,1') 0,81 Fault,
Zone 23
------------------------------------------------------------
5 72 81 9,0 (29,5') 1,54 Zone 25
------------------------------------------------------------
7 60,5 61,5 1,0 (3,3') 2,93 I. P.**
------------------------------------------------------------
8 46,5 48,25 1,75 (5,7') 1,21 I. P.
------------------------------------------------------------
9 64 65 1,0 (3,3') 1,1 *
119 141 22,0 (75,4') 1,29 Zone 25
------------------------------------------------------------
10 18,35 73 54,65 (179') 2,48 Zone 25
172 174 2,0 (6,6') 1,6 *
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11 93 114,5 21,5 (70,5') 0,65 Zone 23
------------------------------------------------------------
12 21,75 22,25 0,5 (1,6') 1,57 *
103 104 1,0 (3,3') 1,1 Breccia
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13 160,5 168,75 8,25 (27,1) 2,96 Zone 25
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* New zone (in hole)
** I.P. : Induced Polarization

/T/

Two (2) other holes (6 and 14) have been drilled to test induced polarisation (specificaly chargeability and resistivity) anomalies but no significant mineralization has been encountered.

Several samples (32) were re-analysed at a different Assay laboratory (Chimitec-Bondar-Clegg in Val-d'Or) due to the presence of visible gold. The techniques used were conventional fire-assay with atomic absorption on 30 g sample and "metallic sieve techniques". Each laboratories (Bourlamaque Assay Laboratories Ltd and Chimitec - Bondar Clegg) gave the same results.

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FOR FURTHER INFORMATION PLEASE CONTACT:
MATAMEC EXPLORATIONS INC.
Mr Luc Lamarche
President
(819) 824-2688
(819) 824-2608 (FAX)
Email: [email protected]



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MATAMEC EXPLORATIONS INC
1576, Chemin Sullivan, bur. # 2
Val d'Or, Québec
J9P 1M3
Phone: (819) 824-2688
Fax: (819) 824-2608
[email protected]
http://www.matamec.com/






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