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, that includes 5 former producing mines (of which 3 still have deposit status), 13 known gold deposits (of which 3 are in 50% joint venture) and numerous other exploration targets where gold occurrences have been located.
Golden Band has been a commercial gold producer since April 2011; however, in January 2014 the Company announced that it planned to suspend operations at its Roy Lloyd underground mine and Golden Heart surface mine and its Jolu mill, for an indefinite period of time. Despite restructuring and cost cutting measures undertaken in 2013, 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.
The Company has placed its operations into care and maintenance mode. 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 an objective to significantly expand the existing NI 43-101 complaint gold 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.
|Jul 03/14||Golden Band Reports Assay Results From Spring 2014 Decade Gold Mine Drilling more...|
|Jun 30/14||Golden Band To Extend Suspension Of Mining Operations at La Ronge more...|
|Apr 24/14||GBN Reports Drill Program Started at Decade Deposit & Update on Bingo Drill Program Results more...|