Band-Ore proves up Thorne project — Results from on-going drill program reveal high gold grades

Toronto-based Band-Ore Resources (BAN-T) has released more impressive drill results from its Thorne project near Timmins, Ont.

Drills on the Golden River West zone hit 1.5 metres of 32.2 grams gold per tonne in hole 37, and 54.4 metres of 1.7 grams (including 18 metres of 3.4 grams) in hole 32.

On the Golden River East zone, infill and stepout drilling hit the following intersections: 5.6 metres of 3.8 grams in hole 159; 2.5 metres of 6.2 grams in hole 160; 4 metres of 7.9 grams in hole 163; 3 metres of 4.8 grams in hole 165; 7 metres of 4.8 grams in hole 167; and 1.5 metres of 8.6 grams in hole 169. Visible gold (rarely seen in the area) has been identified in two of that program’s holes.

Assay results for more than 40 drill holes will be available in the coming weeks. All gold assaying is being performed by an independent Canadian laboratory using fire-assay methods, whereas check-assays were performed by a second Canadian company. Band-Ore retains half of the drill core for assay verification by other interested parties.

Gold mineralization was intersected in more than 200 drill holes in the Golden River zone, which has a drill-indicated strike length of 5.2 km.

Recent drilling there supports Band-Ore’s theory that the zone is a continuous, tabular sheet. The East and West zones, which are separated by the Tatachakapika River, remain open on strike to the east and west, as well as at depth.

The drilling, which began in February, is part of a 92,000-metre program aimed at developing a bulk-tonnage, open-pit gold resource. Six rigs are turning on the property.

Intersections of gold mineralization vary in width from 1.5 metres to more than 100 metres. Vertical depths drilled to date average 100 metres, but gold mineralization has been intersected more than 300 metres below surface.

(Mining in Timmins occurs, on average, 1,500 metres below surface).

Situated within the city limits of Timmins, the 2,400-ha property is bisected by two major highways. A major power transmission facility is nearby.

The famous Porcupine-Destor fault zone cuts across the southern portion of the Thorne property. A subsidiary sub-parallel structure, called the Band-Ore horizon, runs 400 to 600 metres to the north. The horizon is 400 metres wide and is characterized by intense carbonate-sericite alteration and deformation.