Welcome to Golden Band Investor Relations. In the current market, we believe our company offers a compelling investment story. For your consideration, we've provided some investment highlights below under the heading "Why invest in Golden Band?"
To learn more about Golden Band and its progress, please read through our website. If you can't find what you're looking for or if you have any questions please call Roger Francis at 1.866.501.5651 ext. 5 or email us at:
Why Invest In Golden Band?
Experienced and Successful Team
Management members have been instrumental in the discoveries of several producing mines.
High Quality Projects
The company's assets include established gold resources as well as significant untapped exploration potential. The company has 43-101 compliant mineral resources for four project deposits, totalling over 724,000 ounces Measured and Indicated*. Additionally, the company has a newly discovered deposit, Birch Crossing, where 45 of 50 drill holes completed to date contain gold mineralization, most with significant intercepts.
Low Political Risk
Golden Band's claim holdings are in Saskatchewan, Canada--a politically stable and mining-friendly environment in which to do business.
Strategic Approach
Golden Band is committed to a long-term and strategic plan of property acquisition, exploration and development in the La Ronge Gold Belt of northern Saskatchewan.
Please click here to view Golden Band's One Sheet (PDF, 187 kb)
Please click here to view a comprehensive report on the company (PDF, 397 kb).
* 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).
The Plan
Golden Band's objectives are two-fold. The short-term objective is to delineate sufficient high grade resources totalling some 100,000 ounces of gold that are within trucking distance of the Company's Jolu mill. If a subsequent feasibility study returns positive results, gold production could soon follow.
Golden Band's Jolu gold mill is well-suited to process higher grade ore (>10 g/t) from underground mining operations as well as somewhat lower grade ores from open pit mines located within an economically viable radius. Built in 1988, this 350 tonne per day mill also has a fully-licensed tailings facility.
Deposits which could be processed at Jolu include the smaller, richer, deposits such as Bingo, Corner Lake, Komis deposit's EP-Zone, and Memorial. Each of these deposits is currently uneconomic on a stand alone basis but, with the availability of the Jolu mill, they are likely to become economic, mineable resources. Current plans call for an underground exploration program on the Bingo deposit during the summer of 2004 to test for grade and continuity of the gold mineralization.
Golden Band's conceptual plan is to initiate a feasibility study once a total of 100,000 ounces of gold are confirmed in one or more of these deposits. If the feasibility study returns positive results, then the deposits could be mined sequentially and processed at the Jolu mill. Industry competitors who also have deposits within trucking distance like the Jojay and the Greywacke gold showings represent an potential source of additional mill feed. Discussions are ongoing with these companies.
Given sufficient feedstock, Jolu could be put into production within a few months for a very limited capital investment. The Jolu mill could supply a cash flow for Golden Band's ongoing exploration and as well as a portion of the capital costs required for the larger mill. Jolu also gives the company an excellent facility in which to conduct bulk test programs.
We are continuing to systematically review and re-evaluate the known gold deposits, as well as aggressively exploring a number of target areas. The field work will range from detailed infill drilling on known deposits, to utilizing innovative exploration methods on the more grassroots target areas.
Golden Band's claim holdings include the three former producing mines. Of the three, the Star Lake and Jolu mines were very successful operations. Komis suspended its underground production prematurely due to low gold prices and grade control difficulties with underground mining after extracting only 10% of the available resource. The open pit potential at Komis is the subject of our current re-evaluation of that deposit.
In addition to these three deposits, a number of gold prospects contain substantial drill-indicated resources.
Since assuming ownership, Golden Band has completed additional diamond drilling and recalculated the resource estimates on two gold deposits, Bingo and Memorial, located 55 km southwest and 35 km northwest, respectively, of the Jolu mill. While Bingo is an underground mining target, Memorial has a potential open pit component.
The Technology
Exploration Approach and Methodology:
During the past ten years, Golden Band has discovered several gold showings (e.g., Halfmoon Lake, Fortuna, Memorial, and Phantom) using a technology that we have developed and perfected to the point that this methodology is now central to our exploration approach for new resources.
This method, known as "bulk till sampling", has been used by industry for the past 25 years. The principal idea behind this method is that active, continental glaciers continually erode bedrock and carry the debris, known as till, in an identifiable dispersion pattern down-ice of the glacier. If a gold deposit is subjected to glacial erosion, then tiny gold grains deriving from the deposit are entrained in the glacial till down-ice of the deposit. By sampling and subsequent processing of the till, the gold grains can be isolated and counted under a microscope. Through a systematic follow-up of ever increasing normalized gold grain counts up ice, the source of the gold-bearing anomaly can be traced.
The size of these till dispersion trains is impressive. The Golden Band-discovered Phantom-Tower dispersion train deriving from the Tower Lake deposit is 6.5 km long and up to 3 km wide at its base. These numbers are very significant in comparison to till samples related to known gold deposits in Ontario and Quebec where gold grain per kilogram (gg/kg) values and dimensions of dispersion trains are significantly smaller.
Golden Band's field laboratory is able to process up to 50 samples per day, which is significantly above the daily output of commercial laboratories. The field laboratory's quality in terms of detecting gold grains below 30 microns is at least as good as those of commercial counterparts.
The bulk till exploration programs focus on new discoveries. Our existing database contains numerous gold occurrences which range from discoveries, to grab samples and targets with limited trenching and drilling. This resulting inventory will require several years to systematically re-evaluate.
By utilizing the central mill concept in the northern sector of the La Ronge Gold Belt and our access to an existing mill in the central area, Golden Band can now consider exploration for smaller deposits that would not support a stand-alone operation. This opportunity bodes well for the development of a long-term mining camp.
