Band-Ore Resources Ltd.

Band-Ore Resources Ltd.
Lake Shore Gold Corp.

Lake Shore Gold Corp.

February 14, 2005 08:30 ET

Band-Ore Resources Ltd. and Lake Shore Gold Corp.: Thunder Creek Project Update Timmins, Ontario


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BAND-ORE RESOURCES LTD.

TSX SYMBOL: BAN

AND LAKE SHORE GOLD CORP.

TSX VENTURE SYMBOL: LSG

FEBRUARY 14, 2005 - 08:30 ET

Band-Ore Resources Ltd. and Lake Shore Gold Corp.:
Thunder Creek Project Update Timmins, Ontario

TORONTO, ONTARIO--(CCNMatthews - Feb. 14, 2005) - Band-Ore Resources
Ltd. (TSX:BAN) reports the drill results of the second phase drill
program on the Thunder Creek Property, located in Bristol Township,
Timmins, Ontario. The 54 claim unit property, under option to Lake Shore
Gold Corp. (TSX VENTURE:LSG), is south of and contiguous to Lake Shore's
Timmins Gold Property where a National Instrument 43-101 compliant
resource study, recently completed by Watts, Griffis & McOuat Ltd. (see
News Release dated September 10, 2004), reports an uncut indicated
resource of 724,000 ounces, and an additional 200,000 ounces inferred.

An initial first phase drill program consisted of seven holes (TC03-01
to -07) totalling 1,945.3 metres, and was carried out between November
2003 and January 2004 (See News Release dated July 19, 2004).
Significant assays include 3.7 grams per tonne gold over 3.9 metres
(including 9.0 grams per tonne gold over 0.8 metres) within ultramafic
rocks. The second phase drill program, consisting of 12 holes (TC04-08
to -19) totalling 4,095 metres, was completed in December 2004.

Drill targets were defined based on the results of previous drilling,
geological mapping and outcrop stripping, and an MMI soil sampling
survey completed during the spring and summer of 2004. The main
objectives of the drill program were to locate and test the main
ultramafic complex, to follow-up on anomalous gold values in soil and
rock samples, and to pursue at depth, and along strike, the gold
mineralization intersected during the first phase drilling.

Results of the current program have confirmed the presence of at least
two significant gold bearing zones. One zone occurs as a series of shear
structures oriented southwesterly, which extend along the strongly
carbonitized volcanic-to-ultramafic rock contact, and most predominantly
along the footwall ultramafic-to-sedimentary rock contact. A wide
intercept of this zone averaged 0.823 grams per tonne gold over 25.8
metres, including 5.84 grams per tonne gold over 2.05 metres. Drilling
indicates that the gold-bearing structure extends for at least 250
metres along strike and over 350 metres in depth. Stripping and channel
sampling have extended the zone an additional 200 metres further to the
northeast, while airborne magnetics suggest the structure extends along
the ultramafic-to-sediment contact in excess of two kilometres.

A second deformation zone extends easterly across the ultramafic
intrusion. The zone is characterized by a very wide corridor of
deformation that extends from within the intrusion and across a 100
metre wide section of sedimentary and volcanic rocks located in the
footwall of the ultramafic. The mineralized shear zone is variably
altered and intruded by felsic dykelets. Several geochemically anomalous
gold assays were returned, including up to 1.42 grams per tonne gold
over 2.8 metres and 5.25 grams per tonne gold over one metre. This zone
remains virtually unexplored and work to date suggests that the zone
extends over a strike length in excess of 1.5 kilometres.

A compilation and re-evaluation of all drilling and mapping data is
currently underway. Lake Shore will now focus on defining drill targets
along strike and down plunge from the known mineralized structures, and
will outline additional exploration targets in other areas of the claim
group.

Quality Control

Lake Shore Gold has implemented a quality-control program to ensure best
practice in the sampling and analysis of the drill core. NQ size drill
core is saw cut and half the drill core is sampled in one metre
intervals while core from the main mineralized horizons and core
displaying visible gold is sampled in greater detail. The remaining half
of the core is stored in a secure location. The drill core is
transported in security-sealed bags for analysis at ALS Chemex in
Mississauga, Ontario. ALS Chemex is an ISO9001-2000 BSI Registered
laboratory. Drill core assaying is done using a 50 gram fire assay with
pulp and metallics assaying for all samples within the main mineralized
horizons and all those samples with visible gold.

The Thunder Creek exploration program, supervised by Jacques Samson
(P.Geo), the Qualified Person for this Project, is under option from
Band-Ore Resources Ltd. (see News Release dated November 12, 2003 for
details).

Lake Shore can earn a 60% interest in the Thunder Creek property by
making cash payments totalling $370,000 and by completing exploration
expenditures of $1,705,000 over five years and by issuing 100,000 shares
of the Company over four years.

THE PRESS RELEASE WAS PREPARED BY BAND-ORE RESOURCES LTD. WHICH ACCEPTS
THE RESPONSIBILITY AS TO ITS ACCURACY. NO REGULATORY AUTHORITIES OR
SIMILAR BODY, HAVE APPROVED OR DISAPPROVED THE INFORMATION CONTAINED
HEREIN.

Safe Harbour - Certain statements in this document constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements
of the Company, to be materially different from any future results,
performance or achievements expressed by such forward-looking
statements. Such factors include, among others, exploration works as
detailed within may not be continually successful, that by virtue of
exploration there is never a guarantee of economic or profitable
outcomes; that exploration companies may have a history of operating
losses and no guarantee of future profitability, uncertainty of access
to additional capital, environmental liability claims and insurance;
dependence on and priority conflicts joint-venture partners; should the
company profiled herein seek such a partner.

S.E.C. EXEMPTION: #82-4233

SHARES: 39,673,147

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Band-Ore Resources Ltd.
    Wayne J. O'Connor
    President
    (416) 364-6420
    wayne@band-ore.com