Band-Ore Resources Ltd.: Visible Gold Encountered In 'Rock Star' Drilling.BURLINGTON, Ontario Burlington (2006 population 164,415) is a city located in the Golden Horseshoe, across Lake Ontario and Burlington Bay harbour from Hamilton, in Halton Region, Ontario, Canada. -- Band-Ore Resources (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : BAN) recently entered into an option agreement that allows the Company the right to acquire a 100% interest in 9 contiguous mining claims (107 claim units) located in Riggs and Jacobson townships, within the Sault Ste. Marie Sault Sainte Marie — pronounced "Soo Saint Marie" (IPA /su seɪnt məˈɹi/) — is the name of two cities on the Saint Marys River, which forms part of the boundary between the United States and Canada. Mining Division, near Wawa, Ontario Wawa, Ontario is a community in Northern Ontario, Canada, located in Michipicoten Township in the Algoma District. The community is known for its 28-foot-tall metal statue of a Canada goose, which was built in 1963. . The "Rock Star Property" is situated in the Goudreau - Lochalsh area, within the Wawa Gold Camp. Band-Ore can earn a 100% interest in the Property by making cash payments to the vendors totalling $90,000 over 3 years and the issuance of 100,000 common shares of the Company over a 2 year period. The Vendors retain a 3% Net Smelter Royalty, 50% of which can be purchased at any time for $ 1.5 million. Earlier this year local prospectors discovered visible gold 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. in a previously undiscovered quartz vein system. This new vein system has been mechanically stripped along a strike length of approximately 80 metres, with surface widths varying from 0.3 to 1.5 metres. Several surface grab samples were collected along strike, with assay results ranging from 1.4 to 61.7 grams gold per tonne including: 4.3 g/t, 5.7 g/t, 6.7 g/t, 7.1 g/t, 8.5 g/t, 8.9 g/t, 19.7g/t, 29.2 g/t and 61.7 g/t gold. Several samples collected from surrounding wall rock returned gold values ranging from 0.044 to 0.795 g/t gold. An initial drilling program consisting of six holes was conducted to further evaluate this new gold occurrence. Holes were drilled on 25 metres sections, with two holes drilled per section from the same setup. All holes were drilled at an azimuth azimuth (ăz`əməth), in astronomy, one coordinate in the altazimuth coordinate system. It is the angular distance of a body measured westward along the celestial horizon from the observer's south point. of 195 degrees and inclined at -45 degrees and -85 degrees. All drill holes intersected the vein structure, returning gold assays as high as 10.02 g/t gold over 0.8 metres including 38.3 g/t gold over 0.1 metres. Full results are summarized in the following table. --------------------------------------------------------------------- --------------------------------------------------------------------- Hole From To Core Length (m) Grade (g/t) --------------------------------------------------------------------- RS - 04 - 1 (-45 degrees) 21.30 22.10 0.80 10.02 --------------------------------------------------------------------- Including 21.30 21.40 0.10 38.3 --------------------------------------------------------------------- RS - 04 - 2 (-85 degrees) 39.80 40.75 0.95 1.57 --------------------------------------------------------------------- RS - 04 - 3 (-45 degrees) 21.85 24.55 2.70 2.89 --------------------------------------------------------------------- Including 23.40 24.55 1.15 4.85 --------------------------------------------------------------------- RS - 04- 4 (-85 degrees) 33.70 36.70 3.00 3.16 --------------------------------------------------------------------- Including 35.60 36.70 1.10 5.61 --------------------------------------------------------------------- RS - 04 - 5 (-45 degrees) 18.33 18.98 0.65 0.21 --------------------------------------------------------------------- --------------------------------------------------------------------- The Rock Star vein structure was intersected in drill hole RS-04-6, however, no significant gold values were encountered. Assay intervals not reported ranged in value from nil to 0.434 g/t Au. Additional drilling is required to determine the on strike and depth potential of this new gold discovery. The drilling program was supervised by the Company's Qualified Person, Robert Duess. All split core samples were submitted to Swastika swastika Equilateral cross with its arms bent at right angles, all in the same rotary direction, usually clockwise. It is used widely throughout the world as a symbol of prosperity and good fortune. Laboratories, Swastika, Ontario Swastika is a small community founded in 1908 around a mining site in northern Ontario, Canada, and today within the municipal boundaries of Kirkland Lake, Ontario. and/or 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 Chimitec in Val d'Or Val d'Or (väl dôr), town (1991 pop. 23,842), SW Que., Canada, SE of Rouyn-Noranda. It is a mining center. Gold was discovered in the region in 1909; copper, zinc, lead, and molybdenum are also mined. , Quebec for analysis. All gold assaying was performed using a 30g standard fire assay with an AA finish and / or gravimetric gravimetric /grav·i·met·ric/ (grav?i-me´trik) pertaining to measurement by weight; performed by weight, as a gravimetric method of drug assay. grav·i·met·ric adj. 1. finish. The Rock Star Property is located approximately 6 miles east of Patricia Mining's (TSXV: "PAT") Island Gold Project and is contiguous to the west of Patricia's "Three Brothers Property". Patricia Mining and Richmont Mines (TSX:"RIC RIC Rhode Island College RIC Rehabilitation Institute of Chicago RIC Regulated Investment Company RIC Royal Irish Constabulary RIC Reuters Instrument Code RIC Roman Imperial Coinage RIC Resources Inventory Committee RIC Rapid Intervention Crew ") are currently conducting an underground exploration on the Island Gold project with the aim of resuming gold production. The Island Gold project hosts an Inferred Resource of 20.6 million tonnes grading 2.35 g/t gold for a total of 1,559,000 ounces of gold at a cut-off cut-off Anesthesiology The point at which elongation of the carbon chain of the 1-alkanol family of anesthetics results in a precipitous drop in the anesthetic potential of these agents–eg, at > 12 carbons in length, there is little anesthetic activity, grade of 0.75 g/t gold, including a higher grade Inferred Resource of 2.03 million tonnes grading 8.3 g/t gold for a total of 544,000 ounces of gold at a cut-off grade of 5.0 g/t gold. The Island Gold Project also has a modern fully permitted 650 tonne per day carbon-in-pulp mill on site (information obtained from Patricia Mining's website). This press release has been reviewed and approved for release by Robert Duess, Professional Geologist, and the Company's Qualified Person. S.E.C. EXEMPTION: #82-4233 SHARES: 36,339,816 THIS PRESS RELEASE WAS PREPARED BY BAND-ORE RESOURCES LTD LTD 1 Laron-type dwarfism 2 Leukotriene D 3 Long-term depression, see there 4. Long-term disability .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. BAND-ORE RESOURCES LTD. (TSX:BAN) |
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