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Be the first with the news that moves the market- Bond Resources (CSE:BJB) has revealed its maiden drilling program for the company’s Mary K Mine Project in Idaho
- The expects to drill 14 holes totalling 1667 metres during the maiden program
- The Mary K mine hasn’t been active since 1942 but does have a significant amount of historic data, which Bond has recently acquired
- Through the data, Bond has identified several veins and targets for the upcoming program
- Bond Resources (BJB) is up 11 per cent and is trading at $0.40 per share
Bond Resources (CSE:BJB) has revealed its maiden drilling program for the company’s Mary K Mine Project in Idaho.
The program will consist of 1667 metre across 14 holes, testing historic gold grades retuned during previous exploration at the site.
As the mine hasn’t been active since the 1942, Bond is testing the historic vein which fed the past-producing mine, along with other shoots from the vein.
Bond Resources geologists have identified some quartz veins, which jut out on the surface of the property, and the company intends to drill those targets as well. The company is also looking for any offshoot parallel veins south of the Mary K.
The company has received previous exploration performed by the site’s previous owners and is using that data to inform the program’s upcoming targets.
One of these historic targets is outlined 23 metres below the fourth level of the mine. The former owner described it as the apex of a very rich ore shoot.
Bond Resources CEO, Joseph Carrabba said he was excited kick off the site’s maiden drilling program. He also commented on the historic data the company has received.
“Historical records indicated that only 2,000 tonnes of mineralised gold material was mined with an average reporting grade of 0.65 grams per tonne.
“We believe there is still significant gold potential on the property and this first drill program will test some key targets,” he said.
Bond Resources (BJB) is up 11 per cent and is trading at C$0.40 per share at 11:20 pm EDT.
