Band-Ore Resources Ltd.

Band-Ore Resources Ltd.

March 04, 2005 08:30 ET

Band-Ore Resources Ltd.:Ontario Exploration Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BAND-ORE RESOURCES LTD.

TSX SYMBOL: BAN

MARCH 4, 2005 - 08:30 ET

Band-Ore Resources Ltd.:Ontario Exploration Update

TORONTO, ONTARIO--(CCNMatthews - March 4, 2005) - Band-Ore Resources
Ltd. (TSX:BAN)

Thorne Property, Timmins, Ontario

A diamond drill program is continuing on the Company's 100% owned Thorne
Property, located approximately 20 km west of Timmins. Results from
recently completed holes are summarized in the following table:



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Hole From To Core Length (m) Grade (g/t)
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GW-04-19 (-60§) 23.0 24.1 1.1 0.98
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29.2 30.5 1.3 1.05
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357.5 385.0 27.5 0.45
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Including 361.7 363.5 1.8 1.98
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483.8 495.8 12 0.32
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602.7 610.3 7.6 0.64
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Including 605.5 610.3 4.8 0.88
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GW-04-20 (-60§) 414.8 424.6 9.8 0.56
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Including 414.8 416.8 2.0 1.61
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GW-05-01 (-45§) No Significant Values
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GS-04-05 (-60§) 124.2 128.9 4.7 2.41
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Including 125.2 127.4 2.2 3.78
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281.1 283.0 1.9 1.12
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368.6 370.1 1.5 3.33
---------------------------------------------------------------------

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GS-04-06 (-45§) 83.3 86.3 3.0 2.81
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486.0 503.3 17.3 1.01
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Including 495.0 498.0 3.0 3.43
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507.3 509.6 2.3 1.69
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GS-05-01 (-45§) 255.4 256.4 1.0 1.38
---------------------------------------------------------------------


Hole GW-04-19 & 20 were drilled on the west side of the Tatachakapika
River, in the eastern portion of the Golden River West Zone. Holes
GS-04-5 & 6, and GS-05-1 were drilled on the east side of the
Tatachakapika River, and to the north of the main Golden River East
Zones.

Gold mineralization occurs within broad zones of highly altered porphyry
and sediments, including altered conglomerate. Alteration typically
consists of quartz, sericite, ankerite, fuchsite, pyrite +/-
arsenopyrite. Mineralized porphyries (pyrite, gold) are associated with
several past and current producing gold mines in the Timmins Camp.
Diamond drilling is continuing, and additional assays results are
pending.

All holes were drilled to the south, and inclined at -45 to -60 degrees.
Assay intervals not reported ranged in value from nil to 0.58 g/t gold.
All split core samples were submitted for analysis to Swastika
Laboratories, Swastika, Ontario and gold assaying was performed using a
30g standard fire assay with an AA and / or gravimetric finish. For more
detailed information, including drill location plans and core sampling
procedures (including QA/QC), please visit our website at
http://www.band-ore.com.


The Company will continue drilling on the Thorne Property to further
evaluate recent discoveries with the intent of increasing the current
estimated inferred gold resource of the property. The most current
inferred resource was calculated in 1998, consisting of approximately 4
million tonnes grading 3 g/t gold or about 400,000 contained gold
ounces. The inferred resource was calculated by Mr. Joe Spiteri, an
independent mining consultant, and qualifies as an "Inferred Resource"
under the Guideline of National Instrument 43 - 101.

Thunder Creek Property, Timmins, Ontario

Results of the current drilling program by earn-in partner Lake Shore
Gold have confirmed the presence of at least two significant gold
bearing zones (see press release dated February 14, 2005). One zone
occurs as a series of shear structures oriented southwesterly, which
extend along the strongly carbonitized volcanic-ultramafic contact, and
most predominantly along the footwall ultramafic-sedimentary 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-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.

Rock Star Property, Wawa, Ontario

The Rock Star Property is located approximately 6 miles east of Patricia
Mining's (TSX VENTURE:PAT) Island Gold Project and is contiguous to the
west of Patricia's "Riggs Property". Patricia Mining and Richmont Mines
(TSX:RIC) are currently conducting an underground exploration on the
Island Gold project with the aim of resuming gold production. The Island
Gold project hosts an Inferred Resource of 20.6 million tonnes grading
2.35 g/t gold for a total of 1,559,000 ounces of gold at a cut-off grade
of 0.75 g/t gold, including a higher grade Inferred Resource of 2.03
million tonnes grading 8.3 g/t gold for a total of 544,000 ounces of
gold at a cut-off grade of 5.0 g/t gold. The Island Gold Project also
has a modern fully permitted 650 tonne per day carbon-in-pulp mill on
site (information obtained from Patricia Mining's website). In January
2005 Patricia announced that a drilling program on its neighbouring
Riggs Township property intersected gold assays of 12.4 g/t over 0.57
metres and the vein is open on strike to the west.

An initial drilling program consisting of six holes was conducted to
evaluate a new visible gold occurrence (see press release dated Sept.
21, 2004). Holes were drilled on 25 metres sections, with two holes
drilled per section from the same setup. All holes were drilled at an
azimuth of 195 degrees and inclined at -45 degrees and -85 degrees. All
drill holes intersected the vein structure, returning gold assays as
high as 10.02 g/t gold over 0.8 metres including 38.3 g/t gold over 0.1
metres. The Company is planning a second phase drilling, mapping and
sampling program scheduled to start in April, 2005.

Corbiere Property, Wawa, Ontario

An initial drilling program was recently completed on the Company's 100%
owned Corbiere Property (see press release dated Oct. 28, 2004). The
Corbiere Property comprises an area of approximately 10 sq. km and is
located in the northwest corner of Corbiere Township, approximately 20
km northeast of Wawa, Ontario. The drilling program consisted of 8
holes, totalling 1,792 metres. Drilling was conducted to test several
geological and geophysical targets located throughout the property area.
This recently completed drill program represents the first phase of
drilling ever conducted on the property. Anomalous gold mineralization
was encountered in all holes except drill hole CB-04-1. Hole CB-04-1
collared in a diabase dike, and was terminated in diabase at 47.0
metres. The most significant gold mineralization was intersected in hole
CB-04-3, which returned an averaged grade of 3.7 g/t Au over 4.5 metres,
located within a broader zone averaging 2.8 g/t over 6.6 metres. Hole
CB-04-2 intersected a zone that averaged 2.3 g/t Au over 2.6 metres,
including 3.9 g/t over 1.1 metres. A second phase exploration program
consisting of prospecting, mapping and sampling is planned for the
spring of 2005.

GQ Property, Wawa, Ontario

Band-Ore has received expressions of interest from diamond explorers for
an option agreement to earn an interest in the GQ diamond property. The
GQ property is located to the south of Pele Mountain Resources' Festival
Property. Goldcorp (TSX:G) recently optioned the Festival Property, and
has initiated a second phase $400,000 exploration program consisting of
stripping, mapping, petrology and diamond extraction by caustic
digestion. The largest diamonds found in the Wawa Camp weighed 0.25
carats, 0.7 carats, 0.9 carats, 1.06 carats and 1.39 carats. Recent
results from the neighbouring properties including Dianor (TSX
VENTURE:DOR), Spider (TSX VENTURE:SPQ) and Pele Mountain (TSX
VENTURE:GEM) have sparked a renewed interest in the Wawa Diamond Camp.

Other News of Interest

Over the past several weeks Company management has been on field trips
investigating several projects of possible interest in Mexico and South
America. Further due diligence is required before final decisions will
be made regarding the merits of the projects.

Management of the Company cordially invites all shareholders and
interested investors, analysts and stockbrokers to attend Canada's
premier resource/investment conference, The Prospectors and Developers
Convention, March 6-9, 2005 at the Toronto Trade and Convention Center.
Band-Ore will have an exhibit at booth #2530 on Sunday, March 6 and
Monday, March 7, 2005 from 10am until 5pm.

This press release has been reviewed and approved for release by Robert
Duess, Professional Geologist, and the Company's Qualified Person.

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

-30-

Contact Information

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