Band-Ore cuts more gold at Thornloe Township

Still drilling along the strike of its gold discovery in Thornloe Twp., west of Timmins, Ont., Band-Ore Resources (CDN) has intersected gold mineralization in four more drill holes.

Two holes — TH96-19 and TH96-22 — were drilled 75 metres east of the discovery hole, TH96-9. Hole 19 cut a 7.6-metre intersection grading 5.5 grams gold per tonne, including a 2.7-metre interval grading 12.3 grams. It also intersected a separate, 5-metre intersection that graded 11.7 grams.

Hole 22 encountered an intersection grading 3.8 grams over a core length of 22.5 metres, which included a 2.4-metre interval grading 17.5 grams. Both holes featured other intersections, with lower grades.

Hole 20, collared on a line 25 metres east of hole 9, cut intervals with gold grades of 1.7 and 1.3 grams per tonne, and hole 21, 100 metres east of the discovery hole, cut 4.5 metres grading 10.6 grams and a separate 4 metres grading 5.8 grams.

Induced-polarization (IP) surveys have detected a chargeable zone that extends at least 1,500 metres along strike, and the mineralization itself has a 100-metre strike length that is still open along strike and to depth.

Southern Africa Minerals (TSE) has taken an option on part of Band-Ore’s land package in Bristol and Thornloe twps., under which it will earn a half interest by spending $750,000 on exploration over five years, including $150,000 in the first year of the agreement. Band-Ore receives $300,000 cash and 100,000 shares in Band-Ore.

Pentland Firth Ventures (TSE) has interests in three properties in the area, including the Croxall-Kangas property east of Band-Ore’s Thorne property, where it can earn a half interest from Inmet Mining (TSE) by spending $1 million on exploration, to be managed by Inmet. The agreement also entitles Inmet to $50,000 in Pentland shares, and is therefore subject to approval by the Toronto Stock Exchange and the Ontario Securities Commission.

Pentland’s other interests in the area include a right to acquire one property in Ogden Twp., northeast of the Thorne discovery, and another, in Denton Twp., 10 km west of Band-Ore’s land package, in which Black Pearl Minerals (CDN) can earn a 70% interest by paying $200,000 over four years.

Noront Resources (VSE) has given options to Haddington Resources (VSE) that allow Haddington to earn half interests in each of three properties, two in Ogden Twp., northeast of the Band-Ore discovery, and one on the Thorne property’s southern boundary. All three properties are subject to carried interests retained by vendors. Haddington’s commitments under the agreement include diamond drill programs on all three properties.

NCC Mining (VSE) and Sarabat Gold (VSE) have each taken an option to earn half interests in another Ogden Twp. property, 5 km east of the Thorne property and immediately south of the De Santis property where East West Resource (VSE) and Canadian Golden Dragon Resources (VSE) have started drilling and IP surveys. Each company

is committed to spending $100,000 each over four years, and the prospecting syndicate dealing the option has retained a 3% net smelter return.

Romfield Building (CDN) has taken an option from Blue Emerald Resources (VSE) to acquire a half interest in a property in Price Twp., about 4.5 km southeast of the Thorne property. To earn its interest, Romfield must finance at least 900 metres of diamond drilling, issue shares to Blue Emerald, and make certain cash payments.