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Gold/Mining/Energy : BANDORE

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To: Leo Raftis who wrote (1561)	1/14/2000 4:06:00 PM
From: jpthoma1	of 1692

Band-Ore Resources Ltd. and Southern Africa Minerals Corporation: Quebec Diamond Hunt BURLINGTON, ONTARIO--Band-Ore Resources Ltd. (BAN.T) and Southern Africa Minerals Corporation (SAF.T) jointly announce that they each have acquired a 50% interest (total 100%) in mineral exploration permit 1504 located on the east side of Ungava Bay, in northern Quebec. The 89.5 square Km property is situated approximately 10 Km south of the new diamond discoveries announced by Twin Gold Corp. (TWG.T) in October and December,1999. The permit was acquired based on information obtained from a preliminary structural analysis of the area using satellite imagery. The project covers similar structures known to exist on the Twin Gold and neighbouring properties in the area. Band-Ore and Southern Africa are participating in a detailed structural study of the area using modern satellite imagery including Landstat TM, SPOT panchromatic images, aeromagnetic data and digital elevation data to map structural controls on the property. The costs of the program will be shared with other companies in the area and Marum Resources Inc. (MMU.V) who have kindly spearheaded the acquisition and analysis of the satellite data. The area has been spotlighted by the latest announcement of Twin Gold Corp. on December 7,1999, when the company released the results of the diamond analysis of a 109.8 Kg kimberlite sample that yielded a high diamond count of 214 diamonds of which 44 were macrodiamonds (greater than 0.50mm in one dimension) including 8 diamonds that exceeded 1.0 mm in one dimension. The sample from the Torngat # 1 dyke averaged nearly 2 stones per kilogram of kimberlite which rival the early diamond counts of Winspear Resources' dyke (WSP.V) in the Northwest Territories. Band-Ore and Southern Africa are listed on the Toronto Stock Exchange and are both sufficiently financed to carry out the exploration programs on a 50/50 basis. Both companies will use the consulting services of diamond expert, Bill Jarvis, to evaluate the exploration programs.

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