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Golden Band Resources Inc GBRIF

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

Bullboard Posts
Comment by longtoothon Dec 21, 2011 1:04pm
306 Views
Post# 19342356

RE: RE: WHOOPIE!! - financing off

RE: RE: WHOOPIE!! - financing offIt is going to be very interesting to see who replaces Haywood. It is a critical position and will impact the future success of this company. I will wait and see before making any investment decisions. My feeling is they need a guy who has worked in the mines for many years as a miner, superintendent and engineer throughout his career. He should also not want to take up permanent chair in the office but be willing to stay on site for extended periods.

Exploration wise, I think there should be a strong focus on establishing more reservable resources through strategic drilling and maybe that should be run through the field operations. Then for the other exploration the miriads of gold in till anomalies that have been recorded should be prioritized and followed up. I do not see any point in continuing year after year collecting bulk till samples as a be all end all. Existing anomalies need to be followed up by a group of very experienced geologist. In my opinion this would be a good way to put in an honest effort to make this company successful.
Bullboard Posts