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Arcon Int.Resources (AIN)

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Friday 08 November, 2002

Arcon Int.Resources

Exploration Success

Arcon International Resources PLC
08 November 2002

                          ARCON's Exploration Success

   Drilling at Galmoy expands high grade zinc strike to confirm new ore zone


ARCON International Resources Plc is pleased to announce today ( 8th November
2002) the second set of exceptional results from the exploration drilling
programme focussed on the gravity anomaly adjacent to the current mine workings
within the mining area of the Galmoy zinc mine in Ireland. The latest holes show
that this high grade zone lies approximately 220 metres to the southeast of the
current CW South mine zone. Drilling will continue in a north-westerly direction
towards the CW South before stepping out to the east and then the north,.

Speaking today, ARCON's Chief Executive, Mr Kevin Ross, said: 'These results
confirm the continuity of this high grade zinc strike and substantially extends
the area previously identified. This zone represents a major and substantial new
discovery for ARCON as the area covered by the drilling is approximately 175
metres by 125 metres at an average thickness of 11.5 metres. We will now
increase the drill spacing to 50 metre centres to establish the size of the
deposit, which will clearly extend the mine life. The two sets of results
provide further indication of the significant geological potential around the
Galmoy mine.'

The second set of intersections have slightly better zinc and significantly
better lead and silver values than first set of results announced on 17th
October and collectively, represent the best group of drill intersections ever
achieved by ARCON on the Galmoy Block. Highlights from the second set of
results:

* The average thickness of 11.5 metres of these intersections compares with the
average width of 5.6 metres (approximately double) of the adjacent CW orebody.

* The weighted average intersection zinc grade at 24.2% is approximately double
the average grade on the CW ore body of 12.8% Zn.

* These results contain significantly higher average levels of Ag (Silver) than
has previously been identified in the Galmoy Block.

The second set of drill intersections and assays are tabulated below:


Hole No     From      To       Mineral       Zn       Pb    Ag g/t        Comment
            (m)       (m)   Intersection     %        %
                                 (m)
  106    Faulted                                                    25m S of #104

  107         139.6   148.7           9.1     34.3     12.9      81 25m W of #105

  108         140.2   147.7           7.5     24.0     26.8     200 25m W of #104

  109         134.7   145.1          10.4     22.1      5.5      32 25m W 0f #108

  110         140.1   152.1          12.0     24.0     17.5     153 25m W of #107

  111    Faulted                                                    25m W of #109

  112         147.3   159.4          12.1     18.9     17.5     230 25m W of #110

  113    Faulted                                                    25m S of #109

  114    129.4        147.2          17.8    Assays Awaited



The three faulted holes are likely to represent a splay fault from the main G
fault and form a boundary to the south of the anomaly and may account for the
significant thickness and high grades encountered. The anomaly remains open to
the west and east (the focus of the drilling programme), and to north.


Ends.

8th November, 2002



For further information

Pauline McAlester

Murray Consultants

+353 (1) 498 0300



Keith Irons

Bankside Consultants Ltd

+44 (207) 444 4155

Kevin Ross

ARCON

+353 (56) 37100

Editors note

The composite set of drill intersections and assays issued on 17th October, 2002
and 8th November 8th, 2002 are tabulated below:

  Hole No     From      To        Mineral       Zn      Pb      Ag     Density         Comment
              (m)      (m)     Intercept (m)     %       %      g/t      t/m3

    99         126.1    136.8            10.7    19.5     3.7      28       3.55 Discovery Hole

    100        129.2    133.2             4.0     3.9     0.2       1       2.72 50m N of #99

    101        122.2    143.0            20.8    23.4     7.5      70       4.01 50m S of #99

    102        131.6    143.6            12.0    25.1     5.3      12       3.88 25m W of #99

    103        132.4    142.8            10.4    27.4     7.9      77       4.08 25m S of #101

    104        136.6    150.1            14.4    32.3    12.8      93       4.34 25m W of #103

    105        135.3    149.7            14.5    19.2     3.0      18       3.58 25m W of #102

    106     Faulted                                                              25m S of #104

    107        139.6    148.7             9.1    34.3    12.9      81       4.08 25m W of #105

    108        140.2    147.7             7.5    24.0    26.8     200       4.61 25m W of #104

    109        134.7    145.1            10.4    22.1     5.5      32            25m W 0f #108

    110        140.1    152.1            12.0    24.0    17.5     153            25m W of #107

    111     Faulted                                                              25m W of #109

    112        147.3    159.4            12.1    18.9    17.5     230            25m W of #110

    113     Faulted                                                              25m S of #109



ARCON carried out a detailed gravity survey in 2001, covering an area of 25 km2,
from an area adjacent to the Galmoy Mine site to the Rapla area some 6 kms to
the north east. Drill hole information and the gravity survey have been
interpreted as identifying a geological fault pattern linking the source 'G'
fault at the Galmoy Mine to the Rapla area. In addition, the Company initially
identified three gravity anomalies, which justify drilling. Further, this
interpretation also indicates a large area of potential between Galmoy and
Rapla. It is ARCON's intention to further extend this style of gravity survey
over other areas on its Galmoy exploration licence area and around the Galmoy
Mine area to identify additional drilling targets.


                      This information is provided by RNS
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