OPG

Open Gold Corp. (formerly Range Capital Corp.) (TSX VENTURE:OPG)(FRANKFURT:5OG)
("Open Gold" or the "Company") is pleased to announce the commencement of
drilling on its Eholt Property located in the Boundary District near the
communities of Grand Forks and Greenwood in Southern British Columbia.


Full Force Diamond Drilling Ltd out of Peachland ,B.C. has been contracted to
conduct a minimum of 1,500 meters of drilling on the 3 main mineralized areas,
the Dead Honda. Seattle and the Senator zones. Drilling of the 10 hole program
is expected to be completed over the next 30-40 days.


The program is being managed by Coast Mountain Geological Ltd. of Vancouver and
being conducted under the supervision of Richard Parish, P.Geo.


About the Eholt Property

The Eholt property comprises 16 contiguous mineral claims totaling 3,000
hectares (7413 acres) located near the communities of Grand Forks and Greenwood
in the Boundary District of southern British Columbia. It lies within a larger
regional geological district which includes the Republic and Curlew Areas in
Washington State, respectively 30 and 50 kilometres to the south.


The property lies 4 km northeast of the historic Phoenix Copper Mine which
produced about one million ounces of gold and 480 million pounds of copper in
two separate 19 year periods of operation. Mines at Republic and Curlew have
produced 2.5 million ounces of gold.


Several types of gold and gold-base metals mineralization are present on the
Eholt property including including dolomitic and garnetiferous skarns similar to
those at Phoenix Copper and evidence of epithermal mineralization which yields
high grade "bonanza type" veins at the Republic mines.


A considerable amount of exploration has been carried out of the Eholt property
in the past and all data from this work has been recently reviewed by Linda
Caron, MSc., P. Eng. applying the benefits of a large amount of modern research
into the formation of ore deposits. Readers wanting complete details are
referred to her NI 43-101 compliant report filed in SEDAR.


Caron identified six areas on the property considered worthy of further
explorations and three of these, the Dead Honda , the Senator and Seattle are
scheduled for diamond drill testing in the current 1,500 metre program.


At the Dead Honda Area in the northwest part of the property mineralized skarn
yielded intersepts of: 




27.82 metres grading 1.5 g/t gold, 0.28% copper and 
6.0 metres grading 5.2 g/t gold and 0.29% copper and
10.25 metres grading 5.3 g/t gold and 0.21% copper 



Recent work suggests that prior drilling was poorly directed to effectively test
the mineralization and it remains open for testing in both directions along the
recently interpreted strike and down dip.


At the Senator Showing in the central part of the property a series of massive
sulphide lenses yielded trench assays of:




7.5 metres grading 1.5 g/t gold, 2.9% copper and 5.4% silver and 
2.0 metres grading 3.5 g/t gold, 4.2 g/t silver.



Extensions of this mineralization are hidden beneath overburden and the zone has
not been previously tested by diamond drilling.


At the Seattle Showing in the eastern part of the property small historic
surface workings tested skarn type mineralization around the periphery of a
diorite intrusion. Previous drilling did not return significant assays but is
now considered to have been poorly designed to test the zone. Recent surface
samples returned gold values ranging from 5 g/t to 40.9 g/t gold which was not
tested by prior drilling, hence, further drilling is warranted.


Also at the Seattle area recent surface sampling carried out west of and up
slope from the skarn zone encountered alteration indicative of epithermal
mineralization with a potential for "bonanza" gold grades. This has been termed
the "Seattle Epithermal Zone".  It will also be drill tested in the current
program.


The excellent access to the property provided by existing logging roads and an
abandoned railway grade will enable the drilling to be carried out with minimum
hindrance from winter snow conditions.


The proximity of highways, railways and powerlines make the area ideal for
development should economic mineralization be encountered. 


For further details regarding the Eholt Property, please refer to 43-101
Technical Report prepared by Linda Carson, M. Sc., P. Eng., which is available
on SEDAR. 


James S. (Jim) Kermeen, M.Sc., P.Eng., is the designated Qualified Person as
defined by National Instrument 43-101 and is responsible for the technical
information contained in this release.

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