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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 Giftedoneon Sep 25, 2012 5:51pm
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Post# 20413335

RE: RE: RE: RE: RE: 'stockwacher/lowtooth'...your

RE: RE: RE: RE: RE: 'stockwacher/lowtooth'...your

The reserves of GBN were pretty sparse which leads to the fear  "perhaps the minable deposit is small and soon this will will be gone".

This is not a real happy thought for an investor.

What I meant by "substantially alleviated"  is that the recent drill results give a positive indication that there is more minable gold at good grades.

This does not mean that enough deliniation has been conducted to move these reserves into the proven and probable catagory .. but it does go a long way in alleviating the fear that  "no more Gold is there".

 

 

 

 

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