Cuts 216 ft. grading 0.28 oz. Bond gold find near Stewart

Situated about 15 km east of Stewart, B.C., the Red Mountain property is owned 100% by Bond International Gold. The claims were originally purchased by Bond from a private owner earlier this summer.

The best drill intersection in the recently announced results is 66m (216 ft) averaging 9.88 g gold per tonne (0.28 oz per ton), and 49.29 g silver (1.4 oz). That intersection came from one of five holes drilled in a radial pattern from a single drill station. The holes were testing the Marc Zone which has been traced on surface for a strike length of 500 m.

While there are not yet sufficient results available to estimate the over-all size, grade and continuity of the mineralized zones, the company considers the new discovery to be significant.

“We view our recent find at Red Mountain as a major discovery,” said Desmond Kearns, president of Bond Gold Canada.

The discovery consists of two steeply dipping gold zones — Marc and Brad — which intersect each other on surface at an angle of about 45 degrees. The Brad zone was discovered by sampling of a surface outcrop which yielded one spectacular value of 204 g gold (5.9 oz) in a panel sample. One outcrop , 60 m to the south, along strike yielded an assay of 19.1 g (0.55 oz) gold across a 3.5-m (11.4-ft) width.

“There is no visible gold in the core,” said Kearns, “but there is a fair amount of sulphide including pyrite, pyrrhotite, and sphalerite.”

The over-all sulphide content of the gold mineralization ranges between 2% and 15%, he said.

Two sets of follow-up holes have been drilled 50 m north and south of the Marc zone and assay results are pending.

Elsewhere on the claims, another zone known as the Willoughby Gossan has returned an intersection of 20.5 m (67 ft) of 24.98 g gold per tonne (0.73 oz per ton) and 184.21 g silver (5.3 oz). The Willoughby Gossan is six kilometres to the east of Red Mountain, where the company is focusing its main effort.

Bond has staked, or entered into option agreements, for about 3,600 claim units covering nearly 225,000 acres in the Red Mountain area. A portion of the claims cross the Stewart-Prince George highway, along which a power line was completed recently.

The Red Mountain property is reached by helicopter, and with only a few weeks remaining in the current field season, Bond said it plans to continue with an aggressive exploration program next spring.

News of Bond’s discovery comes on the heels of other recent announcements of significant finds by Calpine Resources (VSE) and Stikine Resources (VSE) on their Eskay Creek property, more than 100 km to the north.

Shares of Bond International Gold have traded at $10.50 recently on The Toronto Stock Exchange. The company is 58%-owned by Dallhold Investments, the family holding company of Australian businessman Alan Bond. Earlier this year, he indicated that he planned to reduce his private shareholdings in BIG to 40%. But, a recent deal which would have seen a 20% stake in BIG go to Toronto- based Corona Corp. (TSE) fell through when the two companies couldn’t agree on a mutually acceptable price. Corona had wanted to gain control of the Australian-based company, which owns operating mines in Canada, the U.S. and South America.

Marc Zone Hole Azimuth Dip Interval Width Gold Silver (degrees) (m) (m) (g/t) (g/t) Marc-6 113 –45 123.8-200.0 76.2 3.4 13.5 incl. 123.8-148.2 24.4 6.7 34.3 and 171.1-180.7 9.6 5.4 5.0 Marc-7 88 –45 72.8- 99.5 26.7 3.1 2.1 incl. 86.0- 96.5 10.5 5.9 27.2 Marc-8 88 –65 97.0-163.0 66.0 9.8 49.2 incl. 97.0-113.5 16.5 23.3 120.8 Marc-9 113 –65 103.0-234.5 131.5 2.3 6.5 incl. 103.0-141.0 38.0 5.9 19.1 incl. 108.0-133.0 24.9 8.3 26.6 Marc-10 vert –90 133.5-276.0 142.5 1.1 2.7

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