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Gold/Mining/Energy : Paramount Ventures & Finance

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To: red_corundum who wrote (4233)4/11/2000 9:27:00 AM
From: Lazarus Long  Read Replies (1) of 4884
 
Band-Ore processes microdiamond recovery in Wawa

Band-Ore Resources Ltd BAN
Shares issued 23,633,225 Apr 10 close $1.08
Tue 11 Apr 2000 News Release
Mr. Wayne O'Connor reports
Two additional samples, from the GQ property located 15 kilometres north of
Wawa, Ont., have been processed for microdiamond recovery. The latest
results now indicate the presence of diamonds over a 100-metre area. Of the
two new samples taken, the first sample was taken 75 metres northwest of
the original diamond discovery, refer to press release dated Feb. 10, 2000,
and the second was taken 25 metres southeast of the original discovery. The
northern sample yielded three macrodiamonds (diamonds with one dimension
measuring greater than 0.5 of a millimetre) and 48 microdiamonds (diamonds
will all dimensions less than 0.5 of a millimetre) from a 33.8-kilogram
sample. The largest macrodiamond measured 0.83 of a millimetre by 0.51 of a
millimetre by 0.41 of a millimetre. The majority of the diamonds were
identified as white and transparent. The southern sample yielded two
macrodiamonds and four microdiamonds from a 44-kilogram sample. The largest
stone measured 0.66 of a millimetre by 0.57 of a millimetre by 0.36 of a
millimetre. These stones were described as white and transparent. The
samples were taken by Band-Ore's qualified personnel. Lakefield Research
Laboratories, a laboratory specializing in the recovery of diamonds,
processed both samples.
The original discovery sample yielded 10 macrodiamonds and 35 microdiamonds
from a 63.4-kilogram sample. A confirmation sample from the same area
yielded 98 microdiamonds from a 54.6-kilogram sample, refer to press
releases dated Feb. 10 and Feb. 22, 2000. To date, 200 diamonds have been
recovered from 196 kilograms of outcrop material. The property has
year-round road access and is located close to infrastructure.
"We are very encouraged with the diamond results at such an early stage in
the exploration program," stated Band-Ore president, Wayne O'Connor. "We
are eager to begin the stripping programs and the investigation of over 30
priority targets."
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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