Band-Ore Resources Ltd. - Company Update.TORONTO--(BUSINESS WIRE)--Feb. 24, 1997-- Band-Ore Resources (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). BAN. ) S.E.C. EXEMPTION # 82-4233 SHARES: 22.7 MILLION Band-Ore Resources Ltd. (the "Company") is pleased to announce the appointment of Kilborn Inc. to act as its consultant and advisor on the Company's gold project in the Timmins, Ontario This article is about city in Ontario, Canada. For other uses, see Timmins (disambiguation). Timmins, with a population of 42,997 (2006), is a city in northeastern Ontario, Canada on the Mattagami River. At 2,961. , gold mining camp. Kilborn's assignment will include a resource study estimate and assistance with an orebody definition drilling program. The 1997 exploration program includes 92,000 metres of diamond drilling Diamond Drilling is a highly specialized industry used for mineral exploration around the world. Most commonly using wireline and core bits with diamond encrusted matrix. To drill holes to max depths of twelve thousand feet, for the recovery of core used in verifying mineral on the Company's 100 percent owned Thorne Property where significant 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. has been encountered across a 5.2 kilometre drill indicated strike length. There are currently six diamond drills working on the property where economic gold mineralization has been intersected in over 180 shallow drill holes, i.e. less than 1000 feet vertically below surface. The 1997 drilling program will continue to determine the potential for an open pit mining operation on the Company's Timmins, Ontario property. In the Timmins mining camp, Echo Bay, Royal Oak and Placer Dome Placer Dome was a large mining company specializing in gold and other precious metals, with corporate headquarters in Vancouver, British Columbia, Canada. Barrick has acquired 100% of the Placer Dome shares on January 20, 2006, and has integrated the company into its own. each have open pit mines were they will mine ore grades Ore grade is a measure that describes the concentration of a valuable natural material (such as metals or minerals) in its surrounding ore. Ore grade is used to assess the economic feasibility of a mining operation: the cost of extracting a natural material from its ore is directly of approximately 1.5 to 2 grams gold per ton. Band-Ore's gold grades to date have been substantially higher than the foregoing operations. The Golden River Zone is open in all directions and to depth, thus the potential also exists for an underground mining operation. Many of the gold mines in Timmins have been mined to depths of 5000 to 8000 feet vertically below surface, therefore, Band-Ore's 1997 drilling program will include deeper holes to confirm gold mineralization at depth. THE PRESS RELEASE WAS PREPARED BY BAND-ORE RESOURCES LTD. WHICH ACCEPTS THE RESPONSIBILITY AS TO ITS ACCURACY. NO REGULATORY AUTHORITIES Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities OR SIMILAR BODY, HAVE APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. CONTACT: Band-Ore Resources Ltd. Jonathan Armes, 416/ 365-0811 416/ 365-0023 (FAX) Website: http://www.band-ore.com |
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