Band-Ore Resources Ltd. - Wawa Gold/Diamond Project
Band-Ore Resources reports that an exploration program will
commence in June 2002 on the Company's 100% owned Corbiere gold and
diamond property, located in Corbiere township, approximately 25 km
north, northwest of Wawa, Ontario. An initial exploration program
consisting of geological mapping, sampling and prospecting will be
conducted to further evaluate the known gold mineralization that
occurs on the property. A diamond drill program is expected to
commence this summer. Prospecting and sampling will also be
conducted for potential diamond bearing breccias similar to those
that occur on Band-Ore's GQ diamond property, located approximately
10 km west of the Corbiere Property.
During the fall of 2001, the Company conducted a limited
prospecting and sampling program on the Corbiere Property. Forty
two (42) rock samples (grab samples) were collected and submitted
for gold and multi-element analysis. This program was conducted as
preliminary follow up to gold values returned from altered feldspar
porphyry during work programs conducted by Hemlo Gold in the early
1990's.
The majority of the samples were taken from mineralized and
gossanous zones located marginal to a feldspar porphyry intrusive.
A sample of quartz vein material mineralized with up to 15% pyrite
returned the highest assay of 12.58 gold grams/tonne. Other
significant gold values include:
8.64 Au g/t from altered porphyry with minor quartz stringers
5.05 Au g/t from altered porphyry with 5% pyrite
2.40 Au g/t from altered porphyry
1.12 Au g/t from a quartz vein in altered porphyry
35 other samples returned values ranging from 0.1 to 0.82 Au g/t
and only 2 samples returned assays of nil.
Swastika Laboratories, Swastika Ontario, using industry standard
fire assay techniques, performed all analytical work.
On the GQ diamond property, exploration work is continuing as
Kennecott field crews are completing soil sampling, prospecting and
geological mapping programs. A diamond drilling program is also
expected to commence during the summer. Pursuant to an option
agreement (see press release dated April 16, 2002), Kennecott can
earn a 70% interest in the GQ Property by spending a minimum of $15
million on exploration and by completing and financing all work on
the property until a decision to mine has been made.
For Further Information Contact: Wayne J. O'Connor, President or
Jonathan Armes, Investor Relations @ (905) 319-7469 |
