Chart usGOLD   Chart usSILVER  
 
Food for thought
The hand that rules the press, the radio, the screen and the farspread magazine, rules the country
Justice Brandeis  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1230.40-1.06
Silver 17.180.00
Platinum 1243.75-5.25
Palladium 776.600.80
WORLD MARKETS
DOWJONES 1677194
NASDAQ 447219
NIKKEI 15292153
ASX 539929
CAC 40 4129-29
DAX 8988-60
HUI 1850
XAU 760
CURRENCIES (€)
AUS $ 1.4382
CAN $ 1.4209
US $ 1.2666
GBP (£) 0.7872
Sw Fr 1.2059
YEN 136.9350
CURRENCIES ($)
AUS $ 1.1353
CAN $ 1.1215
Euro 0.7895
GBP (£) 0.6214
Sw Fr 0.9519
YEN 108.0870
RATIOS & INDEXES
Gold / Silver71.62
Gold / Oil15.16
Dowjones / Gold13.63
COMMODITIES
Copper 3.060.01
WTI Oil 81.14-0.61
Nat. Gas 3.60-0.02
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Golden Band Resources Inc. Files NI43-101 Technical Report
Published : May 02, 2013
( 0 vote, 0/5 ) Print article
     
Tweet

Golden Band Resources Inc. Files NI43-101 Technical Report

GBN: TSX Venture Exchange | OTCQX: GBRIF

SASKATOON, May 2, 2013 /CNW/ - Golden Band Resources Inc. (Golden Band or Company) (TSXV: GBN) (OTCQX: GBRIF) announces that further to the news releases dated March 19, 2013, it has filed a technical report dated May 2, 2013 entitled "Technical Report and Mineral Resource Estimate Update, Bingo Gold Deposit, Roy Lloyd Mine, Dickens West Project" (the "Technical Report") prepared by Frank Hrdy, P. Geo., an independent Qualified Person under National Instrument 43-101 ("NI43-101").

The mineral resource in the Technical Report contains no material differences from the mineral resource estimate for the Bingo Deposit disclosed in the Company's news release of March 19, 2013.  A summary of the mineral resource estimate in the Technical Report is described below:

The updated resource for the Bingo Deposit includes a Measured and Indicated resource of 155,383 tonnes at 12.60 grams per tonne gold utilizing a 5 gram per tonne cut-off grade. Of this total resource some 92,557 tonnes grading 14.78 grams per tonne of the Measured and Indicated are located below the 1175 level and are newly transitioned into these categories from previously contained Inferred resources (Tables 1, 2 and 3).

Table 1 - Updated Total Resource Estimate for the Bingo Gold Deposit (Roy Lloyd Mine) located in northern Saskatchewan, Canada. A 31.103 g/t gold cap grade and 5 g/t gold cut-off grade was used for this estimation.

5g/t Au Cut Tonnes (t) Grade g/t Au Au Ounces

Measured + Indicated 155,383 12.60 62,947
Inferred 91,888 10.78 31,843

Table 2 - Remaining Resource above the 1175 Level (175 m Elevation).  Several cut-off grades are shown to demonstrate how the resource is affected.

Cutoff
g/t Au
Measured Indicated M+I Inferred
Tonnes Grade
g/t Au
Tonnes Grade
g/t Au
Au
Ounces
Tonnes Grade
g/t Au
Au
Ounces
4.0 10,119 7.74 67,993 8.53 21,160 71,860 8.12 18,753
5.0 8,159 8.53 54,667 9.53 18,981 62,890 8.64 17,464
6.0 6,354 9.37 44,929 10.40 16,936 53,464 9.19 15,792

Table 3 - Resource below the 1175 Level (175 m Elevation).  Several cut-off grades are shown to demonstrate how the resource is affected.

Cutoff
g/t Au
Measured Indicated M+I Inferred
Tonnes Grade
g/t Au
Tonnes Grade
g/t Au
Au
Ounces
Tonnes Grade
g/t Au
Au
Ounces
4.0 10,002 13.32 98,911 13.22 46,334 33,428 13.99 15,033
5.0 8,857 14.45 83,700 14.81 43,967 28,998 15.42 14,379
6.0 7,137 16.62 73,937 16.04 41,952 22,870 18.12 13,325

Note 1: Mineral resources that are not mineral reserves do not have demonstrated economic viability.
Please refer to the Technical report, which is available under the Company's profile at www.sedar.com for further details.

Frank Hrdy, P., Geo, a Geologist of Canminx Enterprises Ltd. and an independent consultant to the Company, is the Qualified Person as defined in NI43-101 for this disclosure and has reviewed and approved the scientific and technical information contained in this release.

About Golden Band
Golden Band Resources is a gold producer operating in the La Ronge gold belt in northern Saskatchewan and is listed on the TSX Venture Exchange in Canada under the symbol GBN and traded in the United States on the OTCQX under the symbol GBRIF.  The Company has two producing mines, Roy Lloyd and Komis.  Commercial production was declared on April 1, 2011.  On February 26, 2013, the Company announced a temporary halt of mining at the Komis deposit to free up equipment and personnel for the construction of road access to the Golden Heart deposit.  Operations at the Company's Roy Lloyd mine continue and Jolu Mill operations will be suspended until mill capacity can be improved. The Company has been actively exploring the La Ronge Gold Belt since 1994 and has assembled a land package of 870 km2, including 13 known gold deposits and four former producing mines, being Jolu, Decade, Star Lake and Komis. The Company plans to undertake aggressive drill programs throughout the La Ronge Gold Project with the goal of significantly expanding the existing NI 43-101 gold resources that have been identified to date.

On behalf of the Board of Directors of Golden Band Resources Inc.,

"Paul Saxton"
Paul Saxton, Chairman and CEO
Contact: 306 385 7144

Caution Regarding Forward-Looking Information and Statements
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the potential mineralization and geological merits of the Bingo deposit and other mine properties, estimates of production, costs of production, the sufficiency and availability of capital and financing and other future plans, objectives or expectations of Golden Band Resources Inc. (Company) are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

 

SOURCE: Golden Band Resources Inc.

For further information:

Jim Gee, Business Services Manager 
Office: 306 955 0787
Email: info@goldenbandresources.com

www.goldenbandresources.com

Data and Statistics for these countries : Canada | All
Gold and Silver Prices for these countries : Canada | All
Tweet

Golden Band Resources Inc.

PRODUCER
CODE : GBN.V
ISIN : CA3809321035
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Email Alert Add to Watchlist Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Golden Band Resources Inc.
2008 Annual Report
2007 Annual Report
Financings of Golden Band Resources Inc.
2/18/2011ANNOUNCES $10,000,000 PRIVATE PLACEMENT THROUGH NORTHERN SEC...
Nominations of Golden Band Resources Inc.
2/22/2013announces changes to the Board of Directors
2/12/2013Announces Resignation of President and CEO
Project news of Golden Band Resources Inc.
6/14/2011(La Ronge)LA RONGE GOLD PROJECT DEVELOPMENT UPDATE
3/3/2011(La Ronge)GOLDEN BAND RESOURCES ACHIEVES TARGETED PRODUCTION RATE at J...
1/21/2011(La Ronge)Restarts Jolu Mill At La Ronge Gold Project
1/13/2011(La Ronge)ANNOUNCES FIRST GOLD POUR AT LA RONGE GOLD PROJECT
12/23/2010(La Ronge)ANNOUNCES JOLU MILL START-UP AT LA RONGE GOLD PROJECT
2/3/2009(Golden Heart)Provides Santoy Update on La Ronge Gold Project, Saskatchewa...
2/3/2009(Bingo)Provides Santoy Update on La Ronge Gold Project, Saskatchewa...
2/3/2009(Jolu Mine)Provides Santoy Update on La Ronge Gold Project, Saskatchewa...
Corporate news of Golden Band Resources Inc.
9/29/2014(Ep)Reports Results For The First Quarter Ended July 31, 2014
9/11/2014Adopts Advance Notice Bylaw And Proposes Share Consolidation
8/28/2014(Ep)Reports Results For The Fourth Quarter And Year Ended April ...
3/28/2014(Ep)reports results for the third quarter ended January 31, 2014
5/2/2013(Ep)Files NI43-101 Technical Report
3/14/2013Announces Director Changes
3/14/2013Announces Director Changes
10/3/2012Holds 2012 Annual General Meeting
10/3/2012Holds 2012 Annual General Meeting
9/12/2012(Bingo)Intersects Significant Gold on the Bingo Structure at Roy Ll...
12/24/2010Golden Band Grants 4,110,000 options to directors, officers,...
2/2/2010Completes amalgamation with wholly-owned subsidiary
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
Latest comment posted for this article
Be the first to comment
Add your comment
TSX-V (GBN.V)Other OTC (GBRIF)
0.005+0.00%0.006-14.29%
TSX-V
CA$ 0.005
10/24 11:16 -
0%
Prev close Open
0.005 0.005
Low High
0.005 0.005
Year l/h YTD var.
0.005 -  0.030 -50.00%
52 week l/h 52 week var.
0.005 -  0.040 -87.50%
Volume 1 month var.
1,900 -75.00%
24hGold TrendPower© : -35
Produces Gold
Develops
Explores for Gold
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
TOP NEWSRELEASES
Annual variation
DateVariationHighLow
2014-75.00%0.030.01
2013-80.00%0.140.01
2012-60.00%0.350.10
2011-59.02%0.620.23
2010144.00%0.750.23
 
5 years chart
 
3 months chart
 
3 months volume chart