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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 Aug 01, 2012 2:21am
305 Views
Post# 20171948

Golden Heart - points of interest

Golden Heart - points of interest

The Golden Heart Deposit is situated along the Byers Fault which runs across the entire Greater Waddy region. The map below showing the Byers Fault is from the 2007 bulk till sampling program. An interesting note to the program is the A Zone which is 300m north north-east of EP/Komis and no relation to the A Zone 450m NW of the Golden Heart Deposit.

https://www.goldenbandresources.com/figureDec03.html

Not to take away from the RKN but, for the record , SGH Sampling is ineffective in discovering actual gold deposits. Bulk Till Sampling is the best method.

https://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203113

Fireweed is ~750m NNE of EP/Komis. And I'm not even going to mention the 301 Pit, Round Lake, ..... I hope you all get where I am going with these seemingly random obsrvations considering my work regarding prior Komis drill results.

https://www.goldenbandresources.com/images/2011-GiT-Anomalies-and-Pros.pdf

Back to Golden Heart and speaking of the RKN. The map below shows a few points of interest - the RKN, historic drill holes, and the location of what will be the 11.5 km short haul road to be built for the Golden Heart Mine. Currently the road is completely useable for 4X4's and bulldozers. An interesting note is the direction of this map and the direction of the map from the Tech report and the 2011 Golden Heart drill results - they don't align. Note the locations of the A Zone and the location of RKN holes RKN 03-08, RKN 01-08, RKN 02-08.

https://www.goldenbandresources.com/html/news/press_releases/feb0309/figure1_2/index.cfm

The results for these holes. Looks to me like RKN 03-08 was definitely testing the extension of the Contact Zone which is included in the Golden Heart Deposit.

https://www.goldenbandresources.com/june2608table.html

As well, and more importantly, this 2008 drilling program was able to infill some NE locations at Golden Heart and extend the length of the deposit by 50m NE and prove it is open to depth in that direction.

https://www.goldenbandresources.com/feb0309table3.html

So how do the Golden Heart drill results from 2011 play into the RKN results? Look at the location and intercept depths of RKN 03-08 in comparison to holes W11-150, W11-152, W11-153, and W11-154. All the holes are in line and of similar depths with what I believe to be the Contact Zone.

https://www.goldenbandresources.com/gbn-nr-30-may-11.html

IMO, the strike length to the Contact vein was infilled and lengthened another 25m from the information they had 2010 Golden Heart Tech report and 175m from the hisrorically known Contact vein.

https://www.goldenbandresources.com/images/GH-Plan-Map-24May11.pdf

You can go to page 20, Figure 9-1 for an almost identical map from last year's Golden Heart drilling program. The difference being the metre scale of the grid. This map shows Historical drill locations but provides no drill results.

https://www.goldenbandresources.com/images/file/GH_TR_2009_Final.pdf

Most of the drill results can be found in the 2006 Tech Report if you can read the tiny numbers from the 2010 report.

https://www.goldenbandresources.com/images/file/2006-03-23_GoldHeart_43-101(1).pdf

I have found these holes in the Northern Miner but you must be a subscriber. They were drilled by Golden Rule.

Relating last years conversion of the ~200,000 inferred oz to ~92,000 indicated oz. Basically, it may be an understatement but by all past recoerds it is truthful. Below is a 2009 example of a capped resource update with cut-off grades and a map showing a longitudinal section with the deposit of a depth to 300m.

https://www.goldenbandresources.com/figure2Dec4.html

The 492,800 tonnes w/ a 4 g/t cut-off, a cap of 107 and 55 g/t, for 104,807 oz @ 6.62 g/t is consistent with the recent Saskatchewan Ministerial approval of 460,000 tonnes of ore to be mined out over a 4 year mine life.

https://www.goldenbandresources.com/html/news/press_releases/index.cfm?ReportID=203256

Off the cuff. I have talked about the RKN prospect and why it hasn't been followed up. Rightfully, a good question considering 156.6 g/t over 2.74m. I was told that they hadn't really decided on how to proceed and some of it disappeared under the A Zone. Not a lie but good avoidance to the question. The RKN target under the A Zone has nothing to do with the outstanding drill results.

https://www.goldenbandresources.com/figure1June26.html

Does anyone really think these guys don't know what they're doing?

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