Bond Resources drills 16.04 g/t gold over 1.37 metres at Mary K Mine, Idaho

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Bond Resources Inc. [BJB-CSE; 5B1-FSE] has expanded the underground drill program previously announced in November, 2021 at the 100%-optioned Mary K Mine located 1.6 miles southeast of Elk City, Idaho. The initial plan to drill four holes or 1,100 feet (335 metres) was expanded to 10 holes totalling 2,372.5 feet (723 metres).

“After we received the initial results from the first few drill holes, we realized that drilling a nuggety gold vein would not provide consistent assays in every intercept,” commented Joseph A. Carrabba, President and CEO. “We therefore increased the number of drill holes to confirm the location and delineate the size of the Mary K gold-bearing structure. This will be paramount for planning future underground exploration workings.”

The holes were drilled from an underground drill station situated within an old crosscut on the 4225 level near a three-compartment raise. All 10 holes were drilled below the main 4225 feet level and intersected the Mary K vein/structure with a true width ranging from 6.5 feet (1.98 metres) to over 12 feet (3.65 metres). This work confirmed the Mary K vein structure over a strike length of 360 feet (109.7 metres) and 360 feet (109.7 metres) in vertical extent.

The first holes focused on the area below the #5 level workings where previous owner Richard Kleesattle said he encountered “the apex of a rich ore shoot”. The last workings driven by Kleesattle in 1942 were to about 23 ft (7 metres) below the #4 level. He recorded assays ranging from 11 to 59 oz/ton from this development. These workings were developed but never mined. These are considered historical assays.

Highlights from the recent drill program included hole MK-25 that returned 5 feet (1.52 metres) grading 1.06 g/t gold (0.031 oz/ton). Hole MK-26 returned 4.5 feet (1.37 metres of 16.04 g/t gold (0.468 oz/ton), including 1 foot (0.30 metres) of 70.35 g/t gold (2.052 oz/ton. Hole MK-27 returned 1 metre (0.30 oz/ton) of 5.75 g/t gold (0.168 oz/ton). These are core lengths.

Post mineralized faulting was observed within the old workings where Bond chip samples returned values up to 1.082 oz/ton gold (37.09 g/t gold). This faulting was also present in the core and resulted in poor sample recovery in many of the holes.

Drilling will now be focused around the area of drill holes MK26 and MK27 to define a potential mineralized shoot as a target for bulk sample test-mining. Assay results are pending.

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 averaging 0.65 oz/ton.

Bond Resources will focus on near-term production and rediscovery at the high-grade historic mine.





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