Toronto-based junior
At the 25-sq.-km GQ diamond property in Musquash Twp., 15 km north of Wawa, Ont., Band-Ore has begun a helicopter magnetic survey, using a 50-metre line spacing.
Band-Ore is acquiring the property from three prospectors who discovered, in January 2000, 10 macrodiamonds and 35 microdiamonds within a 63-kg sample. A duplicate 55-kg sample taken by Band-Ore yielded 98 micros. Most of the diamonds recovered to date are described as being white, clear and transparent.
For the property, Band-Ore agreed to pay $1.2 million over three years and issue 2 million Band-Ore shares, 1.5 milion of which were issued when the deal was closed in early March.
The current program is aimed at defining up to 10 bull’s-eye magnetic anomalies outlined in a previous government airborne survey. Stripping, mapping and sampling of two diamond-bearing outcrops and other anomalies will follow.
The airborne surveys will also cover other magnetic anomalies and dyke structures on neighbouring properties that are being drilled by
Meanwhile in northernmost Quebec, Band-Ore and equal partner
The partners’ upcoming work will follow up results from previous remote-sensing and airborne surveying that suggest that several structures crosscut the property’s geological horizons in a style similar to Twin Gold’s diamondiferous dykes.
The survey will also allow the partners to take a detailed look at circular magnetic anomalies identified on the property.
Band-Ore and Southern Africa are splitting the cost of the survey with
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