Consent of Independent Auditors

We consent to the  incorporation by reference in the  Registration  Statement on
Form S-8 pertaining to the Chaparral Resources,  Inc. 1989 Stock Warrant Plan of
our report  dated  April 8, 1997,  with  respect to the  consolidated  financial
statements  of Chaparral  Resources,  Inc.  included in the Annual  Report (Form
10-K) for the year ended November 30, 1996.



                                                  /s/ Ernst & Young LLP
                                                  ERNST & YOUNG LLP

Denver, Colorado
April 11, 1997