Poplar confirms grades at Central zone (December 13, 2001)

Vancouver – Poplar Resources (PPX-V) has hit multiple intervals of low-grade copper-platinum-palladium-gold mineralization at the Central zone on the Bottenbacken project in central Sweden.

Following up 1980 drill results tabled by the Swedish Geological Survey (SGU), Poplar has completed four new holes into the zone. Hole 10 was collared southwest of the earlier drilling and failed to cut any significant mineralization. Hole 11 cut three zones of mineralization grading 0.86% copper and 1.02 grams combined platinum-palladium-gold per tonne over 5.4 metres, 0.36% copper and 0.45 gram combined platinum-palladium-gold over 11.4 metres and 2.9 metres grading 1.04% copper and 0.7 gram combined platinum-palladium-gold. Combining all three zones, the hole returned 0.42% copper and 0.44 gram combined platinum-palladium-gold over 36.5 metres from 22 metres down-hole.

Hole 12 returned slightly lower grades. The first zone yielded 3.7 metres grading 0.21% copper and 0.24 gram combined platinum-palladium-gold. The second and third zones returned 5.7 metres grading 0.29% copper and 0.26 gram combined platinum-palladium-gold and 3.8 metres averaging 0.46% copper and 0.46 gram combined platinum-palladum-gold, respectively.

Hole 13 hit two zones grading 0.36% copper, 0.41 gram combined platinum-palladium-gold over 5.8 metres and 4.8 metres grading 0.29% copper and 0.36 gram combined platinum-palladium-gold.

Palladium comprises 65% of the precious metal content with a gold-platinum-palladium ratio of 25:2:50. Collared 100-200 metres apart, the drill holes tested only a small portion of the 1.5 km by 400 metre Central zone. An additional two holes are slated to be drilled into the zone during the current program.

So far, Poplar has punched 18-holes into the Bottenbacken project. One hole into the Finuggen target, 3 holes into the Eastern target and one hole into the Scala target failed to return any signifcant values. Two holes drilled to test the Ostlund geophysical target cut pyritic mineralization with no significant metal values.