- Bond Resources Inc. (BJB) successfully completes its first underground drill program at its Mary K Mine
- The last four holes of the program intersected gold in the Mary K vein
- Gold mineralization in the vein is considered “nuggety”
- Hole MK-26 highlighted a 0.3-metre section with 70.35 grams of gold per tonne
- Bond Resources believes there are more veins systems and will follow up with targets
- Bond Resources Inc.( BJB) is unchanged trading at $0.03 per share at 3:15 pm ET
Bond Resources (BJB) has completed its first underground drill program at its Mary K Mine property near Elk City, Idaho.
The last four holes of the program intersected gold in the Mary K vein below the historical level four of the mine.
Gold mineralization in the vein is considered “nuggety” and post mineralized faulting along portions of the structure resulted in poor core recoveries.
The best intersection from the drill campaign occurred in hole MK-26 which intersected 16.04 grams gold per tonne over 1.37 metres and included a 0.3-metre section that averaged 70.35 grams gold per tonne.
Joseph A. Carrabba, President and CEO of Bond Resources, commented,
“The nuggetty nature of mineralization is not unexpected… That is why we plan to further develop underground access and mine a bulk sample to assess the true potential of this underexplored mine site.”
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. Additional exploration of trenching and follow-up drilling will target this area in the future.
Bond Resources Inc. (BJB) is unchanged trading at $0.03 per share at 3:15 pm ET.