Band-Ore Resources Ltd. - Golden River Zone Extended to the West.TORONTO--(BUSINESS WIRE)--Dec. 3, 1996--BAND-ORE RESOURCES L (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). BAN.) -0- S.E.C. EXEMPTION # 82-4233 SHARES: 20.6 MILLION On August 21st and September September: see month. 4th, 1996 Band-Ore Resources Ltd. (the "Company") announced that 2 step-out drill holes located approximately 1.2 km west of the Golden River Zone intersected ore-grade 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. on the Company's 100 percent owned Thorne For people named Thorne, see . property in 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. . The Company is pleased to announce that an additional 20 drill holes have been completed in the area of the 2 step-out holes that have confirmed the westerly Westerly, town (1990 pop. 21,605), Washington co., extreme SW R.I., between the Pawcatuck River and Block Island Sound; inc. 1669. Its textile industry dates from 1814, and granite has been quarried there since c.1850. extension of the Golden River Zone. Significant results from the ongoing drilling program on the westerly extension assayed as high as: -0- 0.28 ounces gold per ton (9.6 g/t) over 14.8 Ft. (4.5 m) 0.20 ounces gold per ton (6.8 g/t) over 5.9 Ft. (1.8 m) 0.25 ounces gold per ton (8.6 g/t) over 5.0 Ft. (1.5 m) 0.224 ounces gold per ton (7.7 g/t) over 7.5 Ft. (2.3 m) 0.204 ounces gold per ton (7.0 g/t) over 22.3 Ft. (6.8 m) Drilling is also continuing along the Golden River Zone and in the area of an outcrop exposure located 1.1 km east of the Golden River Zone. Re-logging of an old drill hole (T-36) completed in the area of the outcrop exposure more than a decade ago has identified similar mineralization and alteration Modification; changing a thing without obliterating it. An alteration is a variation made in the language or terms of a legal document that affects the rights and obligations of the parties to it. to the Golden River Zone. This hole is located west of the outcrop and drill core from T-36 has been sawcut (split) and sent out for assay. Additional assay results from the Golden River Zone, and trenching results from the outcrop are expected before year end. Assay results are also pending from the Company's optioned Thunder thunder, sound produced along a path of a lightning flash, caused by the rapid heating and expansion of the adjacent air. Rolling thunder occurs either as a result of the time difference between sounds from the far and near end of a flash, or when mountains, layers Creek property that is located immediately west and north of the Thorne property. Drill core has been inspected by the Company and similar mineralization and alteration to the Kapika and Golden River Zone has been identified. These drill holes are located 1 km west of the Thorne property border. As a result, the Golden River alteration/deformation zone now has drill intersections spanning over 7 km containing similar mineralization and alteration to the Golden River Zone from the eastern boundary of the Thorne property to the recently completed drilling on the Thunder Creek property. Band-Ore Resources is a Canadian Canadian (kənā`dēən), river, 906 mi (1,458 km) long, rising in NE New Mexico. and flowing E across N Texas and central Oklahoma into the Arkansas River in E Oklahoma. exploration company that holds one of the largest land positions in the Timmins, Ontario gold camp. The Timmins Timmins, town (1991 pop. 47,461), central Ont., Canada, on the Mattagami River. Timmins is the commercial center of the rich Porcupine gold-mining district, where gold was first discovered in 1909. Silver, copper, lead, and zinc are also mined. gold camp is the largest producing gold camp in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. having produced in excess of 60,000,000 ounces of gold since 1908. Band-Ore also owns a 100% interest in the Shebandowan gold deposit west of Thunder Bay Thunder Bay, city (1991 pop. 113,946), SW Ont., Canada, on Thunder Bay inlet of Lake Superior. The city was created in 1970 by the amalgamation of the twin cities of Fort William and Port Arthur and two adjoining townships. , Ontario Ontario, city, United States Ontario, city (1990 pop. 133,179), San Bernardino co., S Calif., near Los Angeles, in a region of vineyards; inc. 1891. in the Matawin Gold Belt. The Shebandowan gold deposit is comprised of 2 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. gold zones containing over 1.0 million tons with an average grade of 0.18 ounces gold per ton (6.2 g/t). Both zones are open on strike to the east, west and to depth and have similar mineralization and alteration to Band-Ore's Golden River Zone in Timmins, Ontario. A number of exploration programs by other companies are in progress near the Band-Ore property. -0-
Hole # and Dip Intercept Ounces Gold Per Ton (o.p.t.)
Co-ordinates(degree)(meters) Width Grams of Gold Per Tonne
(g/t)
------------ ---- --------- ----- ---------------------------
TW 96-11 -45 343.8 - 345.6 1.8 m 0.20 o.p.t. (6.8 g/t)
(5.9 ft.)
"2375E, 600N"
TW 96-12 -45 107.2 - 111.7 4.5 m 0.142 o.p.t. (4.9 g/t)
(14.8 ft.)
"2400E, 375N" 120 - 123 3 m 0.11 o.p.t. (3.8 g/t)
(9.8 ft.)
184.3 - 185.8 1.5 m 0.16 o.p.t. (5.5 g/t)
(5.0 ft.)
TW 96-13 -60 290 - 296 6 m 0.07 o.p.t. (2.4 g/t)
(19.7 ft.)
"2425E, 525N"
TW 96-14 -60 244.9 - 247.9 3 m 0.16 o.p.t. (5.5 g/t)
(9.8 ft.)
"2425E, 475N" including 1 m 0.298 o.p.t. (10.2 g/t)
(3.3 ft.)
TW 96-16 -60 250.5 - 252.55 2 m 0.12 o.p.t. (4.1 g/t)
(6.6 ft.)
"2350E, 475N" 260.05 - 261.55 1.5 m 0.25 o.p.t. (8.6 g/t)
(5.0 ft.)
TW 96 - 17 -60 220.50 - 225 4.5 m 0.28 o.p.t. (9.6 g/t)
(14.8 ft.)
"2425E, 425N"
TW 96-18 -60 36 - 40 4 m 0.06 o.p.t. (2.1 g/t)
(13.1 ft.)
"2350E, 525N" including 1 m 0.11 o.p.t. (3.8 g/t)
(3.3 ft.)
TW 96-19 -60 208.1 - 210.95 2.85 m 0.12 o.p.t. (4.1 g/t)
(9.3 ft.)
"2350E, 425N" 232.9 - 235.9 3 m 0.10 o.p.t. (3.4 g/t)
(9.8 ft.)
TW 96-20 -60 142.2 - 149 6.8 m 0.204 o.p.t. (7.0 g/t)
(22.3 ft.)
"2425E, 375N"
TW 96-21 -60 92.5 - 98.6 6.1 m 0.06 o.p.t. (2.1 g/t)
(20 ft.)
"2400E, 325N"
TW 96-23 -60 122.1 - 138.6 16.5 m 0.05 o.p.t. (1.7 g/t)
(54.1 ft.)
"2425E, 325N" including 1.5 m 0.194 o.p.t. (6.8 g/t)
(5 ft.)
including 1.5 m 0.18 o.p.t. (6.2 g/t)
(5 ft.)
TW 96-24 -60 42.2 - 58.6 16.4 m 0.05 o.p.t. (1.7 g/t)
(53.8 ft.)
including 2.3 m 0.224 o.p.t.(7.7 g/t)
(7.5 ft.)
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 |
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