Vancouver, British Columbia – Bond Resources Inc. (CSE: BJB) (FSE: 5B1) (the “Company” or “Bond”) is pleased to announce its first drill program on the Mary K Mine project, near Elk City, Idaho.
The program will consist of 14 holes for a total of 5,470 ft (1667 metres) and is primarily designed to validate historical gold grades and test the continuity of the Mary K vein system.
Bond Resources will also test for additional parallel veins south of the Mary K workings. There are historical references to several parallel structures south of the mine, specifically the June Bug vein and a potentially mineralized aplite dyke. In addition, geologists have identified several areas of quartz vein float on the surface that warrant drill testing.
“We are excited to commence our drill campaign on the Mary K property, stated Joseph A. Carrabba, President & CEO of Bond Resources. “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. We believe there is still significant gold potential on the property and this first drill program will test some key targets.”
One of the most compelling targets was described by a previous owner and mining engineer, Richard Kleesattle. The last workings 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 this development. These workings were developed but never mined.**