Band-Ore Resources Ltd. Timmins Update.TORONTO--(BUSINESS WIRE)--Feb. 25, 1998-- 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 PROJECT Band-Ore Resources Ltd.(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BAN) wishes to announce the completion of an airborne geophysical survey and two geological information drill holes on the Company's 100 percent owned Windward Property. The project is located in Nordica and McEvay Townships southeast of Timmins, Ontario. Earlier this year the Company announced assay results from a surface sampling program on an outcrop exposure that included values of copper, nickel, and 1.4 g/t platinum group elements (PGE). Additional sampling results in the area of the outcrop have yielded values, from several samples, of up to 20 percent chromite chromite (krō`mīt), dark brown to black mineral. It is an iron-chromium oxide, FeCr2O4, with traces of magnesium and aluminum. in addition to anomalous PGE's. One diamond drill hole only has been completed in the area of the outcrop. This drill hole intersected a 7 metre zone of sulphide 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. consisting of disseminated chalcopyrite, pyrrhotite pyrrhotite (pĭr`ətīt) or magnetic pyrites, bronze-yellow to bronze-red mineral, a sulfide of iron sometimes containing nickel. It tarnishes easily and is somewhat magnetic. , magnetite magnetite (măg`nətīt), lustrous black, magnetic mineral, Fe3O4. It occurs in crystals of the cubic system, in masses, and as a loose sand. and chromite. This type of mineralization is consistent with the location of PGE's in mafic and ultramafic rocks such as the Stillwater Complex in Montana. The drill core has been split and complete assay results are expected within two to three weeks. Diamond drilling is expected to commence following the receipt of assay results and a thorough evaluation of the geophysical survey. GOLD PROJECT Deep diamond drilling has commenced on the Golden River West Zone to test for the down plunge extension of the hangingwall and footwall foot·wall n. Geology 1. The mass of rock underlying a mineral deposit in a mine. 2. The underlying block of a fault having an inclined fault plane. zones of gold mineralization. To date diamond drilling has outlined an inferred resource of 440,000 troy ounces of gold to a vertical depth of approximately 300m. The resource calculation covers a strike length of less than 15 percent of a deformation zone that has an indicated strike length of more than 6.5 km on the Company's 100 percent owned property. The Thorne Property is located in Thorneloe and Denton Townships, about 15km west of 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 |
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