Band-Ore lands more gold (May 24, 2004)

Band-Ore Resources (BAN-T) has received encouraging results from 14 holes drilled in an ongoing program at its Thorne gold property in Timmins, Ont.

Eight of the holes tested an area 200 metres southeast of the Golden River West zone and west of the No. 14 zone. Among the highlights was 3.9 metres grading 10.14 grams gold per tonne, including a 2.9-metre interval grading 11.95 grams gold; another was 11.5 metres grading 2.18 grams gold, including an interval of 4.69 grams over 4.5 metres and one of 9.53 grams over 1.5 metres. The drilling also cut mineralization ranging from 0.25 to 6.33 grams gold over widths of 1-23 metres.

Two holes tested the Red Porphyry zone, a sericite-hematite-pyrite-altered porphyry 1 km north of the Golden River West zone. A 7.5-metre intercept graded 1.3 grams gold, including an intersection of 5.3 grams over 1.5 metres.

The last time a resource estimate was performed was 1998. The Golden River deformation zone, consisting of 13 separate deposits, was found to contain 4 million tonnes grading 3 grams gold per tonne, or 400,000 contained ounces.

Gold is primarily associated with fault structures and sericite-carbonate-altered zones in sediments, and with pyrite-arsenopyrite mineralization in quartz feldspar porphyries.

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