The last four holes of a 14-hole underground drill program all intersected the Mary K vein/structure below the Historical #4 level of the mine. Gold mineralization in the vein is nuggety and post mineralized faulting along portions of the structure resulted in poor core recoveries that ranged from 20% to 75%.
The best intersection from the drill campaign occurred in hole MK-26 which was previously released
'The nuggetty nature of mineralization is not unexpected,' commented
During the underground development phase of work, the Company encountered unstable ground due to post mineralization faulting found along the vein and close to historical workings. The geological, structural, and rock competence data collected during the recent drill campaign will help Bond to develop a safe and efficient mine plan to acquire a bulk sample.
The property also hosts extensive evidence for the existence of at least one additional vein system. Geologists recently identified a structure on the surface located about 1,500 ft (457 metres) south of the portal. Exposed quartz on the structure was chip sampled and averaged 0.450 opt (15.43 g/t) gold over 18 inches (0.46 metre). Additional exploration in the form of trenching and follow-up drilling will target this area in the future.
About
Bond is a mineral resource company that holds the contractual rights to acquire the Mary K mine in the
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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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