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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 miningman3on Feb 26, 2013 8:53pm
419 Views
Post# 21046194

Jimmy Dales and co

Jimmy Dales and co

  Analogies with Cross Lake, QR  and BGM are a bit stretched, but the main similarity tis that in both cases, Procon was /is the underground contractor and they were owed large sums of money that the client could not pay.   To the poster who queried " Does GBN owe Procon any cash?"  GIVE YOUR HEAD A SHAKE!!!!!!!!

Jimmy and Ed's main concern here is looking after Procon's interest  and  anyhing thats left to the shareholders is not likely to be significant.  The   unfortunate fact,  that Ron N  tends to overlook,  is that if it cant be mined at a profit , its not ore!!!  Procon mined a lot of mineralized rock ,  at GBN's direction,  that wasnt ore,  and now they want paying

Bullboard Posts