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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 fungi294fron Jun 05, 2012 2:34pm
194 Views
Post# 19982179

RE: RE: The Good and the Bad

RE: RE: The Good and the Bad

Hopefully soon we will see some drill results from EP and Komis. It should give us some direction to mining at EP.

With drilling at Komis long completed, a NR regarding a mine plan would be welcomed.

Once the mine plan is completed, financially speaking, Golden Band should be able to begin mining with or without the financing. So, Golden Band should be able to negotiate favorable financing terms whether the share price continues to be shorted or not.

Who knows maybe Matthew is righting the operations end.

I don't know if investors consider production falling a couple short of 45,000 oz in it's first year a reason to sell or not. I think it is a positive year.

 

Bullboard Posts