Band-Ore provides caustic fusion results
Band-Ore Resources Ltd BAN
Shares issued 25,218,224 Jan 12 close $0.40
Mon 15 Jan 2001 News Release
Mr. Wayne O'Connor reports
Band-Ore Resources has provided caustic fusion results for 24 samples from
the company's GQ diamond property located north of Wawa, Ont. The samples
were processed at the laboratories of Saskatchewan Research Council for
microdiamond recovery. A total of 58 per cent or 14 of the 24 samples
contained diamonds and these samples returned a total of 10 macrodiamonds
and 269 microdiamonds (a macrodiamond has at least one dimension exceeding
0.5 of a millimetre, a microdiamond has all dimensions less than 0.5 of a
millimetre). In addition, a macrodiamond measuring one millimetre by 0.8 of
a millimetre by 0.8 of a millimetre was recovered from a panned
concentrate.
Two of the most significant 24-kilogram samples contained six macrodiamonds
and 75 microdiamonds and three macrodiamonds and 123 microdiamonds,
respectively. These two outcrop samples of heterolithic breccia were
collected 600 metres north and 1,200 metres northwest of the original
diamond discovery. Two of the macrodiamonds and 16 microdiamonds in these
samples were described as pink, another 40 diamonds as rose, amber, green
or yellow and the majority of the remainder as white in colour. The
original discovery sample weighed 63.4 kilograms and it contained 10
macrodiamonds and 35 microdiamonds.
At another significant diamond bearing area located two kilometres
northeast of the original diamond discovery, four 24-kilogram samples
contained 39 microdiamonds. This diamondiferous area has an apparent width
of up to 400 metres and has an approximate strike length of one kilometre
(refer news in Stockwatch Nov. 22, 2000). Additional caustic fusion results
from the fall sampling program are pending.
Several other exploration companies have discovered diamonds in the Wawa
area including Spider Resources Inc., Pele Mountain Resources Inc. and
Dumont Nickel Inc. while several other companies are involved in the
Ontario diamond hunt including Kennecott, Canabrava Diamond Corp. and
Navigator.
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