GOLDEN BAND RESOURCES INC. has been actively exploring in the La Ronge Gold Belt region of northern Saskatchewan since 1993 and has been a publicly listed company since 1987. The Company has assembled a large land package of 870 km2. The project area hosts 13 known gold deposits, including five former producing gold mines (three of which still have deposit status) and three gold deposits that are part of the La Ronge South Gold Venture, along with numerous other exploration targets where gold occurrences have been located.
Golden Band has been a commercial gold producer since April 2011; however, in February 2014, the Company suspended all mining and milling operations at its Roy Lloyd underground mine and Golden Heart surface mine and its Jolu mill. The Company subsequently placed its operations into care and maintenance mode for an indefinite period of time. Despite restructuring and cost cutting measures undertaken, the declining price of gold and lower than anticipated ore grades from both the Roy Lloyd and Golden Heart mines have hindered the Company's ability to improve its economic performance. During this shutdown period, the Company will be evaluating all of its options, with a goal to return its mining operations to profitability.
Golden Band plans to undertake drill programs throughout the La Ronge Gold Project area with the objective to significantly expand the existing gold mineral resources that have been identified on the project to date. The Company also plans to conduct work programs on the many 'brownfields' exploration targets within the project area.
Golden Band Resources is listed in Canada on the TSX Venture Exchange under the symbol GBN.
|Jan 06/15||Golden Band Announces Resignation of CFO more...|
|Dec 19/14||Golden Band Resources Reports Results For The Second Quarter Ended October 31, 2014 more...|
|Dec 01/14||Golden Band Resources Inc. Announces Director Resignation more...|
|Dec 19/14||The financials and Management's Discussion and Analysis for the 2nd quarter ended Oct 31st, 2014 are now available. more...|