'We are excited to commence this underground drilling campaign on the Mary K property,' stated
Based on historical records, one of the most compelling targets was described by previous owner and mining engineer, Richard Kleesattle. The last workings, in the records, 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 these workings, which were developed but never actually mined.
The first phase of the current drill program will focus on an area now referred to as the 'Apex zone.' This zone is located primarily west of the historic winze Kleesattle used to access the #5 level. Kleesattle's historical records also report that the west face of the #5 drift hosts '4 feet of Quartz, and in the center is a streak of native gold.'
The underground drill station is situated within an old cross-cut on the 4225 level near a three compartment raise. Drilling will target the strike and down dip extent of any mineralization in the area as well as aid in the planning of a future internal decline that will begin once drill results are received and evaluated.
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.
About
Bond is a mineral resource company that holds the contractual rights to acquire the Mary K mine in the
Contact:
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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