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Gold/Mining/Energy : BANDORE -- Ignore unavailable to you. Want to Upgrade?

To: rdww who wrote (1585)	2/21/2000 2:12:00 PM
From: BLZBub	Read Replies (2) \| Respond to of 1692

Band-Ore Announces Information Meeting On New Diamond Project In Northern Ontario Toronto, Ontario-- Band-Ore Resources announced today that it will hold a public meeting at the Toronto Stock Exchange Conference Centre tomorrow evening, Tuesday, February 22, at 5 p.m. "We are inviting analysts, brokers, investment bankers and individual investors to the meeting for a first-hand view of the project and the initial results of our due diligence," said Wayne O'Connor, President. The meeting, to be held at the TSE's Conference Centre in the Exchange Tower, 2 First Canadian Place, 130 King St. W., street level, in Toronto, will feature a presentation by Mr. O'Connor, company geologists, and diamond expert Bill Jarvis, formerly of De Beer's. On February 10, Band-Ore announced it had entered into an agreement to acquire a private company that held an exploration and mining licence on a 25-square-kilometer diamond property in northern Ontario. Two samples from the property were processed in the Thunder Bay labs of Kennecott Canada Exploration Inc. A 63.4 kg sample yielded 45 diamonds, 10 of which were macrodiamonds (one dimension exceeding 0.5 mm) including one stone measuring 1.01 mm, and the remaining 35 stones were all microdiamonds. The second sample of 70.5 kg yielded nine microdiamonds. The stones were white in color and transparent in clarity. The samples were taken from two outcrops half a kilometer apart. Following the announcement of the agreement, Band-Ore conducted its due diligence, duplicating the sample procedures of the private company and submitting samples for analysis by qualified Canadian and South African diamond laboratories. The agreement with the private company is expected to close February 28, 2000. Band-Ore plans an immediate airborne geophysical program following the closing. Band-Ore is a diversified mine exploration company with gold, PGM and diamond projects in Canada. It has more than $1 million in the treasury and an experienced and capable management and Board of Directors. The shares trade on the TSE under the symbol "BAN". FOR FURTHER INFORMATION CONTACT: Wayne O'Connor, President, Band-Ore Resources Ltd. Tel: (905) 319-7469 Olav Svela or Cathy Hume, Investor Relations Tel: (416) 868-1079 Hume, Kieran Inc. If you wish to attend the meeting, please RSVP to Olav Svela or Stefanie Thompson at (416) 868-1079. S.E.C. EXEMPTION #82-4233 EXCHANGE: THE TORONTO STOCK EXCHANGE SHARES: 22.9 MILLION WEBSITE: band-ore.com EMAIL: bandore@wwonline.com