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08/8/13 - C$0.08
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golden band resources (GBN) Details

Golden Band Resources Inc. explores, development, and extracts gold ores in Canada. Its portfolio consist of 13 gold deposits and 4 former producing mines covering an area of approximately 870 square kilometers and are located in Star Lake, Decade, Komis, and Jolu. The company is based in Saskatoon, Canada.

golden band resources (GBN) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: C$10.0K
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

golden band resources (GBN) Key Developments

Golden Band Resources Inc. Reports Assay Results on Decade Gold Deposit Located in the La Ronge Gold Belt of Saskatchewan

Golden Band Resources Inc. announced assay results from the drilling program completed in May, 2014 on the company's 100%-owned Decade gold deposit located in the La Ronge Gold Belt of Saskatchewan. The spring 2014 drilling program at the former Decade mine consisted of 22 diamond drillholes (NQ-diameter) totalling 1,600.93 m. Drillhole spacing were typically 12.5 m apart, with the objective to test for: The existence of a southwest zone down-plunge for an earlier high grade drill hole intersect; the possible existence of higher grade mineralization down plunge of the mine workings; the possible existence of higher grade mineralization to the northeast of the mine workings; and the possible existence of a new zone to the far northeast of the existing mine workings. Golden Band is encouraged by these initial results which indicate that additional higher-grade, near-surface gold occurrences exist than what were previously indicated and that these gold zones could potentially be available for near-term production as part of the company's plans to re-start gold production using its Jolu mill. The former Decade mine workings are only 275 metres from the company's Jolu gold mill, and 600 metres from the former Jolu gold mine, all 100%-owned by Golden Band. The Decade area was discovered in 1944 and saw limited underground operations in the 1970's and 1990's. The deepest portion of the existing development is approximately 50 m below surface and certain portions of the gold mineralization were drill tested in the 1990's to about 100-150 m below surface.

Golden Band Resources Inc. to Extend Suspension of Mining Operations at La Ronge

Golden Band Resources Inc. reported that further to its news release of December 9, 2013 announced the suspension of mining operations, including its operations at the Roy Lloyd and Golden Heart mines and the Jolu mill, operations will continue to be suspended for an indefinite period of time. The company intends to preserve the mining operations in care and maintenance mode while it conducts ongoing assessments of the options to return the mining operations to profitability. The company still believes the suspension of operations is the only currently viable option to preserve its limited cash and will continue to apprise its shareholders of important developments.

Golden Band Resources Inc. Reports Drill Program Update on the Bingo Drill Program Results

Golden Band Resources Inc. announced that it has awarded the first drilling contract of the 2014 exploration season to Newmac Industries Ltd. of Prince Albert, Saskatchewan. The program is for a minimum of 2,400 metres and will be located at the Decade gold deposit and at the northeast extension of the formerly mined Rod Zone. The Decade gold deposit, situated approximately 275 metres north of the existing Jolu mill site, has been mined in the past and is seen to have good potential to host additional resources on strike and to depth. The Rod Zone Extension hosts the historic Pam, Blindman and 'East' gold zones which also have potential to host additional gold resources. The program commenced on April 18. The company announced the results of the underground drill program that was carried out in the latter part of 2013 as well as earlier this year at the Bingo deposit which is part of the Roy Lloyd mine. The drill program was designed to define mineable resources within the Bingo structure below the 1,175 metre level (175 metre elevation), which is the lowest active level of the company's Roy Lloyd gold mine, and to test for additional resource to depth and along strike. These recent drill results, along with historic data are being utilized to define a new resource below the 1,175 metre level. A total of 604 samples were analyzed at Golden Bands' on-site laboratory via their 'standard fire assay method' 20 samples were re-assayed via the 'metallic method', 47 sample standards and blanks were routinely inserted into the sample stream by Golden Band personnel and 11 samples were re-assayed as duplicates. An additional 5 samples were selected from the mineralized intervals and were sent to TSL Laboratories in Saskatoon, Saskatchewan, which is an ISO/IEC guideline 17025 accredited facility, as an independent check of samples that occur within the significantly mineralized zone.


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