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<SEC-DOCUMENT>0001137171-05-000834.txt : 20050611
<SEC-HEADER>0001137171-05-000834.hdr.sgml : 20050611
<ACCEPTANCE-DATETIME>20050526161648
ACCESSION NUMBER:		0001137171-05-000834
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20050526
FILED AS OF DATE:		20050526
DATE AS OF CHANGE:		20050526

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DRC RESOURCES CORP                                      /FI
		CENTRAL INDEX KEY:			0000800166
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31722
		FILM NUMBER:		05860390

	BUSINESS ADDRESS:	
		STREET 1:		#601 - 595 HOWE STREET
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			V6C  2T5
		BUSINESS PHONE:		(604) 687-1629
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>drc.htm
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<TITLE>Filed by Filing Services Canada Inc. 403-717-3898</TITLE>
<META NAME="author" CONTENT="Bradley J. Dick">
<META NAME="date" CONTENT="05/26/2005">
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>U.S. SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>Washington, D.C. 20549</B></P>
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<P style="margin:0pt; line-height:16pt; font-family:Times New Roman; font-size:14pt" align=center><B>FORM 6-K</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>PURSUANT TO RULE 13a-16 or 15d-16 OF</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>For the month of May, 2005</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Commission File Number 1-31722</P>
<P style="margin:0pt; padding-left:32.4pt; text-indent:-32.4pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-left:32.4pt; text-indent:-32.4pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin:0pt; padding-left:32.4pt; text-indent:-32.4pt; line-height:16pt; font-family:Times New Roman; font-size:14pt" align=center><B>DRC RESOURCES CORPORATION</B></P>
<P style="margin:0pt; padding-left:32.4pt; text-indent:-32.4pt; font-family:Times New Roman" align=center><I>(Exact name of registrant as specified in its charter)</I></P>
<P style="margin:0pt; padding-left:32.4pt; text-indent:-32.4pt; font-family:Times New Roman; font-size:11pt" align=center><BR></P>
<P style="margin:0pt; padding-left:32.4pt; text-indent:-32.4pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>595 Howe Street, Suite #601, Vancouver, British Columbia, Canada &nbsp;V6C 2T5</B></P>
<P style="margin:0pt; padding-left:32.4pt; text-indent:-32.4pt; line-height:13pt; font-family:Times New Roman; font-size:11pt" align=center><B>(604) 687-1629</B></P>
<P style="margin:0pt; padding-left:32.4pt; text-indent:-32.4pt; font-family:Times New Roman" align=center><I>(Address of principal executive offices)</I></P>
<P style="margin:0pt; padding-left:32.4pt; text-indent:-32.4pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin-top:12pt; margin-bottom:0pt; text-indent:32.4pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</P>
<P style="margin-top:12pt; margin-bottom:0pt; text-indent:32.4pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Form 20-F&nbsp;<U>__X__</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;<U>___</U></P>
<P style="margin-top:12pt; margin-bottom:0pt; text-indent:32.4pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101 (b)(1):&nbsp;___</P>
<P style="margin-top:12pt; margin-bottom:0pt; text-indent:32.4pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&nbsp;___</P>
<P style="margin-top:12pt; margin-bottom:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.</P>
<P style="margin-top:12pt; margin-bottom:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Yes&nbsp;<U>_X__</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;__<U> _</U></P>
<P style="margin-top:12pt; margin-bottom:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>If
&quot;Yes&quot; is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): <U>82- 713___</U>.</P>
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<P style="margin:0pt; padding-left:36pt; padding-right:36pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; padding-left:36pt; padding-right:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>EXHIBIT INDEX</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">The following is a list of Exhibits included as part of this Report on Form 6-K.</P>
<P style="margin:0pt; padding-left:36pt; padding-right:36pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; text-indent:-72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>1</P>
<P style="margin:0pt; padding-left:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><a href="pr.htm">NAME CHANGE TO NEW GOLD INC. EFFECTIVE JUNE 1, 2005</a></P>
<P style="margin:0pt; padding-left:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>NOTICE OF EXPLORATION UPDATE</P>
<P style="margin:0pt; padding-left:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Dated May 26, 2005</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; text-indent:-72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>2</P>
<P style="margin:0pt; padding-left:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><a href="matex.htm">MATERIAL CHANGE REPORT &nbsp;- Dated May 26, 2005</a></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>SIGNATURES</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=289.2>&nbsp;</TD><TD valign=top width=349.2 colspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>DRC RESOURCES CORPORATION</B></P>
</TD></TR>
<TR><TD valign=top width=289.2>&nbsp;</TD><TD valign=top width=349.2 colspan=2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(Registrant)</P>
</TD></TR>
<TR><TD valign=top width=289.2>&nbsp;</TD><TD valign=top width=349.2 colspan=2>&nbsp;</TD></TR>
<TR><TD valign=top width=289.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Date:&nbsp;&nbsp;May 26, 2005</P>
</TD><TD valign=top width=48><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>By:</B></P>
</TD><TD style="border-bottom:0.5pt solid #000000" valign=top width=301.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B><I>&quot;Christopher J. Bradbrook&quot;</I></B></P>
</TD></TR>
<TR><TD valign=top width=289.2>&nbsp;</TD><TD valign=top width=48>&nbsp;</TD><TD valign=top width=301.2><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Christopher J. Bradbrook,</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>President and Chief Executive Officer</P>
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<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>pr.htm
<DESCRIPTION>EX. 1. NAME CHANGE TO NEW GOLD INC.
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<TITLE>Filed by Filing Services Canada Inc. 403-717-3898</TITLE>
<META NAME="author" CONTENT="sharon ross">
<META NAME="date" CONTENT="05/26/2005">
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<P style="margin:0pt; line-height:18pt; font-family:Times New Roman; font-size:16pt" align=center><B>DRC RESOURCES CORPORATION</B></P>
<P style="margin:0pt; line-height:34pt; font-family:Times New Roman; font-size:16pt" align=center><B>PRESS RELEASE</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:14pt" align=center><BR></P>
<P style="margin:0pt; line-height:18pt; font-family:Times New Roman; font-size:16pt" align=center><B>Name Change to New Gold Inc. Effective June 1, 2005 </B></P>
<P style="margin:0pt; line-height:18pt; font-family:Times New Roman; font-size:16pt" align=center><B>Notice of Exploration Update</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:14pt" align=center><BR></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>May 26 2005, Vancouver, British Columbia &#150; DRC Resources Corporation</B> <B>(DRC:TSX; DRJ:AMEX)</B> is pleased to announce that, effective June 1, 2005 the Company will change its name to <B>New Gold Inc. &nbsp;</B>Shareholders approved the name change at the Company&#146;s recent annual meeting held in Vancouver on May 4, 2005. &nbsp;With all regulatory requirements now satisfied the Company will be making the name change on the above noted date. &nbsp;<B>New Gold Inc.</B> will trade on both the American Stock Exchange (AMEX) and Toronto Stock Exchange (TSX) under the symbol <B>NGD</B>.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>President and CEO, Chris Bradbrook, commented, &#147;We are excited by our new name and feel it is representative of the Company&#146;s evolution and our ability to offer a new investment opportunity through the exploration and potential development of a new copper-gold resource at our Afton Project, Kamloops, British Columbia, Canada.&#148;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The Company is also pleased to announce that it is currently completing the compilation of the first complete sectional set of underground diamond drill results at its 100%-owned Afton Copper-Gold Project, and anticipates being able to provide a detailed update on this first section early in the week of May 30, 2005. &nbsp;These results will be the first from the ongoing 20,000 metre program of underground drilling. &nbsp;The program is designed to better define the extent and distribution of the copper-gold mineralization such that (in conjunction with the completion of a positive feasibility study) the current resources can be converted to reserves. &nbsp;The information gathered from the ongoing underground program (which in addition to the drilling, includes completion of 2,000 metres of underground drifting) will be used to complete the feasibility study, which will analyze the capital requirements and pot
ential economics of developing a new underground mine.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>To date, at the Afton Project, the Company has outlined a Measured and Indicated Mineral Resource of 68.7 Million Tonnes grading 1.68% Copper Equivalent or 2.61g/t Gold Equivalent (1.08% Cu, 0.85 g/t Au, 2.62 g/t Ag, 0.12 g/t Pd), which contains approximately 1.6 billion pounds of copper, and 1.9 million ounces of gold (Advanced Scoping Study, February 2004, Behre Dolbear and Company Ltd.). &nbsp;The 2004 advanced scoping study suggested that the project has very attractive economics at metal prices as low as US$0.85 per lb copper, and US$375 per ounce gold. &nbsp;According to the British Columbia Ministry of Energy &amp; Mines, the Afton Project is the largest advanced stage exploration project in South Central B.C. &nbsp;</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>DRC is in excellent financial condition with cash of more than $21 million (at 31/03/05) and no debt. &nbsp;The company has only 14.4 million shares outstanding and 16.2 million shares fully diluted.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">For further information on DRC Resources and the Afton Project, please contact:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Chris Bradbrook</P>
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<P style="page-break-before:always; margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">President and Chief Executive Officer</P>
<P style="margin:0pt; padding-right:-36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">DRC Resources Corporation</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">601 - 595 Howe Street, Vancouver, B.C. V6C 2T5<BR>
Tel: 604-687-1629, Fax: 604-687-2845<BR>
Email: <FONT COLOR=#0000FF><U>drcresources@uniserve.com<BR>
</U></FONT>Website: <FONT COLOR=#0000FF><U>www.drcresources.com</U></FONT></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:11pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:5pt; padding-left:36pt; font-family:Times New Roman" align=justify>Safe Harbor Statement under the United States Private Securities Litigation Act of 1995: &nbsp;This release made may contain forward-looking statements that are affected by known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed, implied or anticipated by such forward-looking statements. &nbsp;Such forward-looking statements herein represent management&#146;s best judgment as of the date hereof based on information currently available. &nbsp;The Company does not intend to update this information and disclaims any legal liability to the contrary. Cautionary Note to U.S. Investors concerning resource estimates. &nbsp;This press release discusses the results of a scoping study, which is a &#147;preliminary assessment&
#148; as defined in the Canadian NI 43-101, under which the use of inferred mineral resources is permitted under certain circumstances. The U.S. Securities and Exchange Commission regulations do not recognize any circumstances in which inferred mineral resources may be so used. &nbsp;U.S. investors are cautioned not to assume that any part or all of an inferred resource category described as a &#145;resource falling within the mine plan&#146; will ever be converted into &#145;reserves&#146; within the definition of that term in SEC Industry Guide 7. &nbsp;Cautionary Note to U.S. Investors concerning estimates of Measured and Indicated Resources. &nbsp;This section uses the terms &#147;measured&#148; and &#147;indicated resources.&#148; &nbsp;We advise U.S. investors that, while those terms are recognized and required by Canadian regulations, the U.S. Securities and Exchange Commission does not recognize them. &nbsp;U.S. investors are cautioned not to assume that any part or all of mineral deposits in these c
ategories will ever be converted into reserves.</P>
<P style="margin-top:0pt; margin-bottom:5pt; padding-left:36pt; font-family:Times New Roman" align=justify>WARNING: &nbsp;The Company relies upon litigation protection for
&quot;forward-looking&quot; statements. &nbsp;</P>
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<TYPE>EX-2
<SEQUENCE>3
<FILENAME>matex.htm
<DESCRIPTION>EX. 2.MATERIAL EXCHANGE
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<TITLE>Filed by Filing Services Canada Inc. 403-717-3898</TITLE>
<META NAME="author" CONTENT="DRC Resources">
<META NAME="date" CONTENT="05/26/2005">
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>BC FORM 53-901F</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>(Formerly Form 27)</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>SECURITIES ACT</B></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>MATERIAL CHANGE REPORT UNDER SECTION 85(1) OF THE ACT</B></P>
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<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 1: Reporting Issuer</B>:</P>
<P style="margin:0pt; text-indent:144pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">DRC Resources Corporation.</P>
<P style="margin:0pt; text-indent:144pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">595 Howe Street, Suite #601</P>
<P style="margin:0pt; text-indent:144pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Vancouver, B.C. &nbsp;V6C 2T5</P>
<P style="margin:0pt; text-indent:144pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Phone: (604) 687-1629 - Fax (604) 687-2845</P>
<P style="margin:0pt; text-indent:144pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Email address: drcresources@uniserve.com</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt"><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 2: Date of Material Change</B>:</P>
<P style="margin:0pt; text-indent:180pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">May 26, 2005</P>
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<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 3:</B> <B>Press Release</B>: &nbsp;Dated May 26, 2005 issued in Vancouver, British Columbia </P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Item 4: Summary of Material Change:</B> &nbsp;<B>May 26 2005, Vancouver, British Columbia &#150; DRC Resources Corporation</B> <B>(DRC:TSX; DRJ:AMEX)</B> is pleased to announce that, effective June 1, 2005 the Company will change its name to <B>New Gold Inc. &nbsp;</B>Shareholders approved the name change at the Company&#146;s recent annual meeting held in Vancouver on May 4, 2005.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><B>Item 5: Full Description of Material Change:</B> &nbsp;<B>May 26 2005, Vancouver, British Columbia &#150; DRC Resources Corporation</B> <B>(DRC:TSX; DRJ:AMEX)</B> is pleased to announce that, effective June 1, 2005 the Company will change its name to <B>New Gold Inc. &nbsp;</B>Shareholders approved the name change at the Company&#146;s recent annual meeting held in Vancouver on May 4, 2005. &nbsp;With all regulatory requirements now satisfied the Company will be making the name change on the above noted date. &nbsp;<B>New Gold Inc.</B> will trade on both the American Stock Exchange (AMEX) and Toronto Stock Exchange (TSX) under the symbol <B>NGD</B>.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>President and CEO, Chris Bradbrook, commented,
&quot;We are excited by our new name and feel it is representative of the Company's evolution and our ability to offer a new investment opportunity through the exploration and potential development of a new copper-gold resource at our Afton Project, Kamloops, British Columbia, Canada."</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The Company is also pleased to announce that it is currently completing the compilation of the first complete sectional set of underground diamond drill results at its 100%-owned Afton Copper-Gold Project, and anticipates being able to provide a detailed update on this first section early in the week of May 30, 2005. &nbsp;These results will be the first from the ongoing 20,000 metre program of underground drilling. &nbsp;The program is designed to better define the extent and distribution of the copper-gold mineralization such that (in conjunction with the completion of a positive feasibility study) the current resources can be converted to reserves. &nbsp;The information gathered from the ongoing underground program (which in addition to the drilling, includes completion of 2,000 metres of underground drifting) will be used to complete the feasibility study, which will analyze the capital requirements and pot
ential economics of developing a new underground mine.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>To date, at the Afton Project, the Company has outlined a Measured and Indicated Mineral Resource of 68.7 Million Tonnes grading 1.68% Copper Equivalent or 2.61g/t Gold Equivalent (1.08% Cu, 0.85 g/t Au, 2.62 g/t Ag, 0.12 g/t Pd), which contains approximately 1.6 billion </P>
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<P style="page-break-before:always; margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>pounds of copper, and 1.9 million ounces of gold (Advanced Scoping Study, February 2004, Behre Dolbear and Company Ltd.). &nbsp;The 2004 advanced scoping study suggested that the project has very attractive economics at metal prices as low as US$0.85 per lb copper, and US$375 per ounce gold. &nbsp;According to the British Columbia Ministry of Energy &amp; Mines, the Afton Project is the largest advanced stage exploration project in South Central B.C. &nbsp;</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>DRC is in excellent financial condition with cash of more than $21 million (at 31/03/05) and no debt. &nbsp;The company has only 14.4 million shares outstanding and 16.2 million shares fully diluted.</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 6: &nbsp;Reliance on section 85 (2) of the Act: &nbsp;</B>Filed on a confidential basis: <B>Not Applicable.</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 7: &nbsp;Omitted Information: &nbsp;Not Applicable</B></P>
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<P style="margin-top:0pt; margin-bottom:-14pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 8: &nbsp;Senior Officer: &nbsp;&nbsp;</B></P>
<P style="margin:0pt; text-indent:144pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B></B>Christopher J. Bradbrook, 604-687-1629</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Item 9: &nbsp;Statement of Senior Officer: &nbsp;</B>&quot;The foregoing accurately discloses the material change referred to herein.&quot;</P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Dated at Vancouver, British Columbia on the 26th day of May, 2005</B></P>
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>&quot;signed&quot;</B><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><B>Christopher J. Bradbrook, President</B></P>
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