Initial chip sampling returned values up to 1.082 oz. per ton gold (37.09 g/t gold).
Bond has developed a 12-by-12 ft. (3.65-by-3.65 m) access tunnel that runs parallel to the historical Mary K #4 level workings. The tunnel intersected a historic crosscut that was developed by previous owner Richard Kleesattle in the 1930's. This crosscut provided easy access to the old workings along the Mary K vein without blasting. Previous attempts to access the workings along the vein system failed due to very poor ground conditions.
'In this area of the old mine we found that the Mary K vein workings were fully timbered,' commented
After assessing the condition of the drift and timber it was decided that the safest way to proceed was to sample the vein between the gaps in the timber. Removing the timber in this section of the mine to get a more representative sample of the vein was too dangerous.
A total of five locations along the Mary K vein were available to sample between the timber sets as well as one area on the footwall just outside the timber. The samples were taken over a strike length of about 70 ft. (21 metres). Chip samples were taken along strike of the vein and ranged between 12-to-14 inches (30 to 36 cm) in length, and each weighed between 10-to-14 lb. (4.5 to 6.4 kg).
An old ore chute was identified along the vein system about 15 ft (4.5 m) to the west of the access crosscut. This ore chute went up into the historical Oscar stope situated above 4225 level. A grab sample was taken from the material that had fallen out of the ore chute. A single 4-by-2-inch (10-by-5 cm) piece was also taken from the rubble that showed at least six individual flecks of visible gold (not assayed).
Bond has driven its access tunnel east of the historic raise and intends to develop its own 30 ft (9.1m), near-vertical raise through the Mary K vein. This process should be completed before the end of October. Once the vein is crossed by the raise, a sublevel will be driven eastward along the vein to commence bulk sampling.
About
Bond is a mineral resource company that holds the contractual rights to acquire the Mary K mine in the
Winston and Bond can be considered as non-arm's length companies, in that they share certain common directors, officers and shareholders.
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release may include certain 'forward-looking statements' under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: future work to be carried on the Property; use of funds and the business and operations of Bond. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There is no assurance any of the forward-looking statements will be completed as described herein, or at all. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; operating and technical difficulties in connection with mineral exploration and development activities, lack of investor interest in financing; requirements for additional capital; future prices of gold and precious metals; changes in general economic conditions; accidents, delays or the failure to receive board, shareholder or regulatory approvals, including the required permits; results of current exploration and testing; changes in laws, regulations and policies affecting mining operations and title disputes. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking statements.
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