Band-Ore Resources Ltd. - Platinum Group Exploration Starts In Timmins.TORONTO--(BUSINESS WIRE)--April 28, 1998--Band-Ore Resources Ltd.(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BAN.) announces the commencement of a $150,000 exploration program on the Company's 100 percent Windward Property located in Nordica Township. The exploration program will consist of backhoe stripping, trenching, prospecting, induced polarization Induced polarization (IP) is a geophysical imaging technique used to identify subsurface materials, such as ore. The method is similar to electrical resistivity tomography, in that an electric current is induced into the subsurface through two electrodes, and voltage is surveys and 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 southeast of Timmins. In early March 1998, the Company announced results from the first stratigraphic stra·tig·ra·phy n. The study of rock strata, especially the distribution, deposition, and age of sedimentary rocks. strat drill hole NW98-1 which intersected a 50 metre wide zone containing anomalous to highly anomalous nickel, copper, palladium and platinum values. One 7 metre interval assayed 1 g-t (Pd plus Pt) and individual one metre assay intervals returned values of up to 0.5 percent nickel plus copper and 1.3 g-t Pd plus Pt. Elevated chromite chromite (krō`mīt), dark brown to black mineral. It is an iron-chromium oxide, FeCr2O4, with traces of magnesium and aluminum. values were also identified that generally correlated with the higher platinum and palladium values. The PGE PGE Pacific Gas and Electric Company PGE Portland General Electric PGE Prostaglandin E PGE Platinum Group Elements PGE Pacific Great Eastern (Railroad) PGE Phenyl Glycidyl Ether PGE Perfect Girl Evolution values occur in a mafic to ultramafic ul·tra·maf·ic adj. Ultrabasic. ultramafic Containing mainly mafic minerals. Used of igneous rocks and often used interchangeably with ultrabasic. Dunite is an ultramafic rock. intrusive complex that appears to be similar to the Stillwater Complex in Montana, some of the PGE orebodies in South Africa and in the Thunder Bay area. Interpretation of the company's recently completed airborne and ground geophysical survey data indicate that the favourable mafic-ultramafic intrusive covers an area of at least 6 square kilometres. This evaluation also indicates the presence of several other magnetic features thought to be caused by similar intrusives. Band-Ore is a Canadian exploration company with its main focus being the exploration and development of the Company's strategically located properties in the Timmins, Ontario mining camp. 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: Band-Ore Resources Ltd. Jonathan Armes, 416/365-0811 416/365-0023 (FAX) http://www.band-ore.com |
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