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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
Post by fungi294fron Feb 22, 2012 11:57pm
448 Views
Post# 19571072

Komis Drill Results

Komis Drill Results

I want to begin by saying that any infill drilling is the only way to increase 43-101 reserve and resource estimates. In a sense these are the steps taken by Golden Band in it's two Komis drilling programs. So indeed, Phase 1 and Phase 2 are completely related programs.

But are these programs related to infilling or possibly twinning historical drill holes? Not at all. None of the 27 holes drilled at Komis are anywhere close enough to being a part of the known historic Komis zones. The historic A B C D E Zones trend in a mainly east west direction with a slight West North West trend. Though the holes from the Komis drill programs also trend WNW you can see that the distance from Komis to these holes is nearly the same distance that the EP deposit is from Komis. These programs were strictly designed to test for more sub parallel zones outside of the known areas at Komis. The proof is in the maps.

Even the 3 Decline holes in the Phase 1 program, that resulted in no significant intersections, were not related to any of the historical A B C D E Zones of Komis. These 3 holes tested the decline area ~30m SW of the known zones at Komis.

The 3 West Ext holes (with stellar results) from the Phase 1 program were actually more north than west of the known zones of Komis. The most SW of the 3 west extension holes, hole KO-10-06, was ~175m north and 75m west of the north-western end of the most northerly historic zone (the A Zone). The farthest hole in Phase 1, KO-10-04, was 200m straight north of the north-west trending A Zone. The final 2 holes of the Phase 1 program tested the eastern extension of the deposit at depths far deeper than historic drilling. These 2 holes are not related to the historic Komis zones, as hole KO-10-08 is 75m east and 125m north, and KO-10-08 is 50m east and 175m north, of the south eastern end of the A Zone.

Phase 1 - 3 holes test area south of known Komis zones, 3 holes test NW of known Komis zones, 2 deep holes test NE of known Komis zones. Phase 2 (today's NR) - 5 holes test NW of known Komis, 13 holes test NE of known Komis,and 1 hole tying the west and east areas together.

The "tie together" hole KO-11-12 is the spectacular hole of 4.4 g/t over 90m at a depth of 24m below surface. This hole is beyond exceptional. But what makes it even more amazing is how it ties into the Phase 1 drill program hole KO-10-06 (read result below) which is 50m straight north from KO-11-12.

The NW holes are basically of 25m spacing designed to build a resource estimate. One of the NW holes, KO-11-13, of the Phase 2 program was within reserve 7.5m spacing distance of Phase 1's KO-10-06 (which had a 120 g/t over 1.5m including 900 g/t over 0.2m at 20m depth and having multiple high grade intersections to a depth of 97m) but it had marginal results and was testing the zones 100-200m deeper than the original KO-10-06.

The NE holes are designed differently with 4 holes building a 12.5m X 25m fence around the best deep hole from Phase 1 creating a more confident resource estimate. The remainder of the NE hole are of 25m spacing designed to build a resource estimate.

https://www.goldenbandresources.com/images/Figure-1-22-feb-12.pdf

As well, remember The A Zone is tiny in comparison to the more southern C Zone. Remember in "Komis For Skeptics", the C Zone was 10X the size of the A Zone. The A Zone is pinched out by the Rhyolite (a host rock still related to volcanic lava but more like granite). Note in the map the location of the Rhyolite.

https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=30678636&l=0&r=0&s=GBN&t=LIST

Now the shocking detail of the two Komis drilling programs is where the holes are located in respect to the geological zones of the area and as well as the location of the holes in relation to the EP Deposit. All of the holes from todays NR were no longer in the small cut off area of Andesite lava in the historic Komis area but are now across the Rhyolite lava host rock and into another Andesite lava setting which parallels the EP deposit in what appears to possibly be a set of more sub parallel zones than previously known.

So the questions become - how big is this new zone? Is the primary ore from EP (described as similar to Komis mineralization) truly a sub-parallel zone of Komis? How many more sub-parallel zones are there? Is the Fireweed prospect (another 800m N) possibly another parallel zone?

The map and tables are your proof. Golden Band has established a completely new 60m X 150m zone with multiple and wide intercepts from 24m to ~250m at Komis. Now they need to infill it. My educated guess at 5 g/t is very similar to the C zone at 60,000 oz - all open pit. Easy to see why Golden Band is going to take the top stuff before starting underground.

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