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Golden Band Resources Inc GBRIF

Metals & Mining Gold
Golden Band Resources Inc. is a Canada-based gold producer engaged in exploration, mine development and extraction of gold ores from its properties in the La Ronge Gold Belt in northern Saskatchewan and processing at its Jolu mill. It has assembled a land package in excess of 870 square kilometers (km2) that includes thirteen known gold deposits and four former producing mines, which were Star Lake, Decade, Komis and Jolu. The Company is mining at three deposits to feed the mill. These are Roy Lloyd, Greywacke and Golden Heart. Roy Lloyd mine is an underground mine extracting ore from the Bingo deposit. Golden Heart is located approximately nine kilometers east of the Komis mine and is accessible through a 17-kilometer mine road connecting to Highway 102 just north of Brabant Lake.


GREY:GBRIF - Post by User

Golden Band Resources Inc
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Comment by longtoothon May 28, 2011 6:04pm
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Post# 18640000

RE: Star Phoenix coverage

RE: Star Phoenix coverageMr. Fungi
this article again confuses the investor. it only speaks of resources, not Reserves. Measured, Indicated and Inferred refers to resources. Proven and Probable refers to Reserves. you can have a hundred million ounces of measured and zero reserve which means it is in the ground and will stay there as mining it would only cost you money. below is a link that properly defines resources and reserves.

the Star Phoenix article only reports what the company tells them and the company is not being up front, the are dancing around the facts!

https://en.wikipedia.org/wiki/Mineral_resource_classification
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