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Please click here to view Golden Band's One Sheet (PDF, 187 kb)
Since 1994, Golden Band has assembled, through staking and acquisition, a land package of more than 70,000 hectares, including ten known gold deposits, four former producing mines and a licensed gold mill.
In the Greater Waddy Lake area, the company has NI 43-101-compliant mineral resources totaling more than 724,000 ounces Measured and Indicated*. Additionally, it has a newly discovered deposit, Birch Crossing, where 45 of 50 drill holes completed to date contain gold mineralization, most with significant intercepts, up to 4.80 grams per tonne over 29.5 metres. The deposit is shallow meaning it could be amenable to open pit mining methods.
On July 12th, 2007, Golden Band submitted its proposal to
Saskatchewan Environment for the operation of four gold mines at the
Company’s 100%-owned Bingo, Komis, EP and Tower East gold deposits,
and for the treating of the ores at the Company’s Jolu gold mill.
This step is an important one as the Company starts down the path of
re-starting gold production in the La Ronge Gold Belt.
All of the operations mentioned are based on having one centrally
located mill and satellite mines at four deposits, consisting of three open pit mines and one underground mine. The anticipated life of the
project is approximately 10 years, with up to 2.2 million tones of ore
being processed. The planned open pit operations are the Komis and
EP mine, and the Tower East mine. Tower East would be mined after the
Komis ore is depleted. The highgrade Bingo deposit would be mined
from underground during the first two years of the operations.
These operations are the focus of the Company’s updated and
expanded scoping study (Preliminary Economic Analysis) for mine
development that is expected to be available by the end of 2007.
The Province of Saskatchewan’s Environmental Assessment Branch
is now preparing project-specific guidelines to assist with the conduct
of the environmental impact assessment and the preparation of the
environmental impact statement (EIS). Draft guidelines are expected
to be available to Golden Band and the public by December 2007. The
entire review process will take from 12 to 18 months to complete,
starting from the proposal submission date of July 12, 2007.
Based on these current activities and announcements, Golden Band
anticipates the receipt of its development permits by December of
2008 at the latest and a start-up of production in early 2009.
For a more detailed description of our strategy and why you should consider Golden Band for your investment portfolio, please click the "Why invest in Golden Band" link under Investors on the menu bar above.
* Mineral resources are not mineral reserves and by definition do not demonstrate economic viability.The resource is as follows: Golden Heart, 4,486,400 tonnes at 1.80 g/t gold in the measured plus indicated categories (259,900 ounces); Tower East, 4,787,100 tonnes at 2.07 g/t gold in the measured plus indicated categories (318,600 ounces); Memorial, 288,378 tonnes at 2.83 g/t gold in the measured category (26,200 ounces); and Komis, 919,283 tonnes at 4.04 g/t gold in the measured plus indicated categories (119,484 ounces). |
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