The 12' x 12' drift was driven 883 ft. (269 metres) and parallel to the #4 level of the historical mine. The new tunnel broke through into the historical Mary K workings where the previous owner, Richard Kleesattle, reported a high-grade gold mineralized vein.
'We found the historic mine plan map, which was made in the 1930's, to be very accurate,' commented
According to historical records, the Mary K vein had at least 1,200 ft, (366 metres), of gold-bearing quartz vein on the #4 level, now referred to as the 4225 ft level. Initial evaluation of the historical drift showed it to be heavily timbered with large amounts of collapsed material inside the drift. From what can be observed, the target structure is mostly gouge, with only spotty quartz lenses inside the structure.
Based on this visual assessment, together with the data outlined on the 1930's mine plan map,
The Apex Area of the Mary K mine represents a very compelling target. The last workings driven by Kleesattel in 1942 were to about 23 ft (7 meters) below the #4 level, near what he called 'the apex of a very rich ore shoot'. He recorded assays ranging from 11 to 59 ounces per ton from this development. These workings were developed but never mined.
The historical Mary K mine was shut down in 1942 and never re-opened. Historical records indicate that only 2,000 tons of mineralized gold material was mined with an average reported grade of 0.65 ounces per ton gold (22.28 g/t Au).
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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Tel: 1-604-602-4935
This news release does not constitute an offer of sale of any of the Company's securities in
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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