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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 fungi294fron Jun 16, 2012 2:06pm
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Post# 20021770

RE: RE: RE: new 52 week low.

RE: RE: RE: new 52 week low.

It will be interesting to see how they infill the near surface 4.4 g/t over 90m. As far as I'm concerned, using open pit methods to mine Komis removes the risk of the geo;ogical complexities.

 

It wouldn't surprise me to see a change in the BOD over the whole Komis thing. I think someone will be held accountable for wasting millions of dollars on underground development unless there is something mineable below open pitable depths. 

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