BAND-ORE RESOURCES LTD. ANNOUNCES TWO AGREEMENTS WITH FIRST WESTERN.TORONTO--(BUSINESS WIRE)--August 3, 1995--BAND-ORE RESOURCES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability (CANADIAN DEALING NETWORK Canadian Dealing Network (CDN) The organized OTC market of Canada. Formerly known as the Canadian Over-the-Counter Automated Trading System (COATS), the CDN became a subsidiary of the Toronto Stock Exchange in 1991. :BNDR) Band-Ore Resources Ltd. is pleased to announce that it has signed two earn-in agreements with First Western Minerals Inc. (FW-VSE) on Band-Ore's 100 percent owned Labrador Trough properties in northern Quebec (the Due Diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. Property and the O.B.C. Property). First Western can earn a 51 percent interest in the O.B.C. Property by spending $1.5 million on exploration over three (3) years, making cash payments totaling $500,000.00 and issuing Band-Ore 100,000 common shares of First Western. First Western can acquire an additional 29 percent working interest by paying Band-Ore $2,000,000 in cash. The O.B.C. Property has a minimum of ten (10) copper, copper-nickel and copper-zinc surface showings along a 15 km belt of favourable geology. First Western can also earn a 51 percent interest in Band-Ore's 100 percent Due Diligence Property by spending $1.0 million on exploration over three (3) years, making cash payments totaling $325,000 and issuing Band-Ore 100,000 common shares of First Western. First Western can acquire an additional 29 percent interest by paying Band-Ore $1.0 million dollars in cash or by issuing $1.0 million in First Western common shares. The Due Diligence Property hosts two zones of base metal mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. totaling 1.2 million tons with an average grade of 1.38 percent copper and 0.32 percent nickel. Both zones are open and untested along strike. Of important significance also, is a mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. surface trench of approximately 2 m in length that assayed 7.40 percent copper, 0.05 ounces gold per ton, 0.06 ounces platinum per ton and 0.60 ounces palladium per ton. This showing has a potential strike length of 2 km. First Western will spend $450,000 on exploration as a firm work commitment on both properties this year with an air-borne survey commencing this week by Scintrex Limited of Concord, Ontario
Band-Ore's two properties are located near Ungava Bay Ungava Bay (ŭng'gä`və, –gā`–), inlet of the Atlantic Ocean, N Que., Canada, extending c.200 mi (320 km) S from Hudson Strait between the N Quebec mainland and the north tip of the Labrador peninsula. approximately half way between Falconbridge's Raglan nickel- copper deposits and Diamond Field's Voisey Bay nickel-copper deposit. -0- NOTE TO EDITORS: THE PRESS RELEASE WAS PREPARED BY BAND-ORE RESOURCES LTD. WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. NO REGULATORY AUTHORITIES OR SIMILAR BODY, HAVE APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. CONTACT: Wayne J. O'Connor, 416/365-0811 |
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