Band-Ore pulls gold at Thorne (February 26, 1996)

The latest drill hole at Band-Ore Resources’ (CDN) Thorne property, 10 km west of Timmins, Ont., has encountered strong gold mineralization.

Hole No. 12 was drilled south of the known mineralization of the Kapika zone, and cut a wider altered, deformed and mineralized zone containing pyrite, arsenopyrite and visible gold. One section through the zone assayed 0.255 oz. gold per ton over 60 ft., including one interval of 0.464 oz. over 30.5 ft.

The new zone occurs within a broad alteration-deformation halo just north of the Destor Porcupine fault, and has an untested strike length of approximately 6 km.

Other results include an intersected, 15-ft. zone at Hole No. 8 grading 0.09 oz. gold, including a 10-ft. interval grading 0.1 oz., and a 21.5 ft. zone at Hole No. 9 grading 0.12 oz. Also intersected were intervals, at Hole No. 9, of 7 ft. grading 0.31 oz. and 0.05 oz. over 11.6 ft.

The mineralization in No. 8 occurs in a conglomerate south of the Kapika zone. Hole No. 9, also south of the Kapika, intersected sediments and a porphyry intrusion, with gold hosted in a hydrothermal alteration carrying pyrite, arsenopyrite, quartz, sericite and carbonate. The entire altered zone carries geochemically anomalous gold values.

Two additional holes, numbered 10 and 11, have been drilled, and assay results are pending. Hole No. 10, drilled down-plunge of the Kapika zone, encountered similar silicification, sericitization and carbonatization.

Hole No. 11, west of the Kapika zone and along its strike direction, was drilled to test a strong, induced-polarization anomaly.