GBN: TSX Venture Exchange
SASKATOON, June 23 /CNW/ - Golden Band Resources Inc. (GBN: TSXV) is
pleased to announce the following exploration activities for the Company's La
Ronge Gold Project.
Bingo Deposit Drilling
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A 5,000-metre drill summer drilling program is planned to start in July.
Nine drillholes will test the down-plunge and on-strike continuation of the
high-grade gold mineralization at Bingo (see previous news releases of
November 26, 2008 and May 26, 2009). This program will see 50-metre step-out
holes from known high-grade mineralization at vertical depths of up to 450
metres. The objective is to enlarge this high-grade Inferred category
resource, now containing an estimated 155,074 tonnes grading 13.89 g/t Au, and
to increase the confidence level about the grade and the structural continuity
of this gold mineralization. In addition to testing deeper mineralization at
Bingo, four drillholes will also test for the deeper continuation of gold
mineralization at the Bingo deposit's Cockrum zone (see news release of May
26, 2009).
EP Deposit Riddle Till Gold Resource Definition
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A bulk till sampling program is now underway to define the gold grade
within the till that extends over 600 metres down-ice of the EP gold deposit
(see previous news release of November 28, 2003). The intent is to determine
the economic viability of recovering the gold contained in the till as part of
the Company's planned mining operations at the EP and nearby Komis deposits.
Mining at EP is already planned for both the high-grade supergene gold
mineralization and the underlying primary gold (see news release of September
26, 2006 for information on the types of mineralization).
Upper Waddy Lake/Earl-Kidney Area Sampling and Drilling
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Bulk till sampling, geological mapping, and prospecting are planned on
known gold anomalies in the Earl-Kidney area, with the objective of
determining a drilling target for subsequent testing. Follow-up drilling will
also be carried out in the Charlie's Eye Crossing prospect (see news release
of January 17, 2008), with up to 1,000 metres being considered for this area.
About Golden Band
Golden Band Resources, already Saskatchewan's leading gold explorer, is
now poised to also become a gold producer. Golden Band is a well-financed,
Saskatchewan-based, publicly listed company (GBN: TSXV) whose focus is the
long-term, systematic exploration and development of its 100%-owned La Ronge
Gold Belt properties.
