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La Ronge Gold Project Highlights
- Re-established Near-Term gold production in the La Ronge Gold Belt in Q1 2011 at our Roy Lloyd Mine (Bingo Deposit).
- >325,000 ounces production planned in years 1 to 5.
- Provincial EA approval received; no further environmental permits or assessments required to start production.
- Existing permitted 400 tonnes per day gold mill within ~ 75 km (~47 miles) of all deposits.
- Established infrastructure: road access, grid power available.
- Sustainable production targeted for 10+ years with existing resources.
- Business Plan target is to ramp up to 70,000 to 100,000 ounces per year. Our business case builds on the long-term scenario from the base-case of conservative scoping study.
- Past-producing camp, with excellent potential for increasing existing resources and new discoveries.
- GBN has 12 known deposits, 4 former mines, 870 km2(336 mi2) of land.
- GBN owns an extensive database with exploration targets of very high potential yet to be followed up.
- Low political risk; excellent working relationships with province’s regulators.
- Working since 1994, giving a long-term perspective providing strong working relationships and local communities.
- Participation of and support by local Indian band (First Nation).
- Experienced board and strong management, with core staff.
- GBN has high-value assets and potential not yet reflected in our share price.
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