Band-Ore Resources Ltd.: Lake Shore Gold Corp. Initiates Second Phase 3,000 Metre Drilling Program Thunder Creek Gold Property, Timmins, Ontario.BURLINGTON, Ontario -- Band-Ore Resources Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BAN) reports that Lake Shore Gold Corp. (LSG-TSXV) has commenced with a second phase 3,000 metre diamond drill program on Band-Ore's Thunder Creek Property, located in Bristol Township, Ontario. The 54 claim unit property is under option to Lake Shore and is contiguous to the Lake Shore's Timmins Gold Property where a National Instrument 43-101 compliant resource study, conducted by Watts, Griffis & McOuat Ltd., is being finalized. The current drill program on the Thunder Creek Property will test several new targets discovered during the ongoing program of mapping, rock and soil sampling. Three main targets have been identified and all three will be tested in the current program. The targets include: an 80 to 100 metre wide east-west trending shear zone; an area of pyroxenite pyroxenite Dark medium- to coarse-grained igneous rock that consists chiefly of pyroxene. Accessory minerals include hornblende, biotite, or olivine. Pyroxenites are not abundant. (ultramafic) and porphyry with anomalous gold values in soils; and the 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. zone intersected in the first phase drilling (see News Release dated March 24, 2004). The surface exploration work completed on the Thunder Creek Property has delineated a well developed east-west shear zone that offsets the main target ultramafic, that is the same ultramafic body that hosts the 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. on the adjacent Timmins Gold Property. This strong shear structure carries anomalous gold in both rock and soil samples and has been defined by surface mapping and geophysics over a strike length of more than 1,000 metres. Mapping and soil sampling also identified a second area north of the shear structure underlain un·der·lain v. Past participle of underlie. by this same ultramafic and by felsic fel·sic adj. Containing a group of light-colored silicate minerals that occur in igneous rocks. [fel(dspar) + s(ilica) + -ic. porphyry with anomalous gold in soils and rock. Mineralization within these targets returned surface values from 1 to 73.0 grams per tonne gold. Limited drilling along a 250 metre strike length on the shear structure returned assays of 3.7 grams per tonne gold over 3.9 metres (including 9.0 grams per tonne gold over 0.8 metres). The current drill program will test each of these targets at depth and along strike. Quality Control Lake Shore Gold has implemented a quality-control program to ensure best practice in the sampling and analysis of the drill core. NQ size drill core is saw cut and half the drill core is sampled in 1.0 metre intervals while core from the main mineralized horizons and core displaying visible gold is sampled in greater detail. The remaining half of the core is stored in a secure location. The drill core is transported in security-sealed bags for analysis at ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex in Mississauga, Ontario. ALS Chemex is an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001-2000 BSI BSI - British Standards Institute Registered laboratory. Drill core assaying is done using a 50 gram fire assay with pulp and metallics assaying for all samples within the main mineralized horizons and all those samples with visible gold. The Thunder Creek exploration program is supervised by Jacques Samson (P.Geo), the Qualified Person for Lake Shore on this Project. THIS 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. Safe Harbour - Certain statements in this document constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, to be materially different from any future results, performance or achievements expressed by such forward-looking statements. Such factors include, among others, exploration works as detailed within may not be continually successful, that by virtue of exploration there is never a guarantee of economic or profitable outcomes; that exploration companies may have a history of operating losses and no guarantee of future profitability or uncertainty of access to additional capital, environmental liability claims and insurance; dependence on and priority conflicts joint-venture partners; should the company profiled herein seek such a partner. S.E.C. EXEMPTION: #82-4233 EXCHANGE: THE TORONTO STOCK EXCHANGE Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. SHARES: 36,339,816 |
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