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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 Jun 10, 2011 1:02pm
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Post# 18699802

RE: sell

RE: sellyou are right, who would spend over a hundred million on something that doesn't make money. I believe the same guys that ran Contact Lake into the ground are in charge of operations here. Contact Lake was supposed to be a million ounce producer (largest gold deposit claimed by Cameco who ran it) and was shut down within about a year due to too much dilution created by sloppy mining practices. And believe it or not, the same guys that ruined the Contact Lake deposit are being allowed to run this operation into the ground by Ron. Unbelieveable!
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