Band-Ore extends mineralization (March 18, 1996)

Drill holes along strike have intersected more mineralization at the Thorne Twp. property of Band-Ore Resources (CDN), west of Timmins, Ont.

Earlier drilling on Band-Ore’s new zone had encountered gold mineralization with grades of 4.2 grams per tonne over 6.6 metres in drill hole TH96-9 and 8.7 grams per tonne over 18.3 metres in hole TH96-12 (drilled south of 96-9). Assay results have been released for samples from four recently drilled holes and confirm gold mineralization 25 and 50 metres east of holes 9 and 12.

Band-Ore drilled hole TH96-14 at a collar location 50 metres east of hole 12. This hole intersected 10 metres grading 2.6 grams gold per tonne, including a 3-metre interval with 6.3 grams per tonne. Other intersections ranged from 3 to 7.5 metres in length and had grades of between 0.6 and 3.4 grams per tonne.

A second hole, TH96-17, was drilled 50 metres east of hole 9. It cut two high-grade intervals, one of 3.3 metres grading 4.5 grams gold per tonne, including 1.5 metres grading 8.9 grams per tonne, and a deeper interval of 10.5 metres grading 4.5 grams per tonne, including 6 metres grading 6.8 grams per tonne. In both high-grade intersections, the shorter intervals held 85% to 90% of the gold.

Two other holes have been drilled, one from the same collar location as hole 12, but at a shallower angle, and another 25 metres east of hole 12. Not all assays are complete on these holes, but both intersected gold mineralization with comparable grades to holes 14 and 17.

Five other drill holes have been drilled from collar locations 25 to 125 metres east along strike from holes 9 and 12. Assay results are pending, but Band-Ore says all of the holes intersected sulphide mineralization similar to the gold-bearing zones in the other holes. The host unit is a schistose sericite-carbonate rock with pyrite and arsenopyrite, with trace amounts of molybdenite, stibnite, and chalcopyrite. Band-Ore believes it is a metamorphosed sediment.

Following the discovery of the gold mineralization in rocks full of disseminated sulphides, Band-Ore commissioned an induced-polarization survey to detect the disseminations. That survey identified a polarizable body coinciding with the mineralization that extends 220 metres east of the discovery and 420 metres west.