SASKATOON, Sept. 2, 2014 /CNW/ - Golden Band Resources
Inc. (GBN:TSX.V) ("Golden
Band" or the "Company") reports the preliminary
assay results from the 2014 drill program completed on the
Greywacke joint venture property (50% Golden Band Resources Inc.
& 50% Masuparia Gold Corporation). During April, 2014,
Masuparia Gold Corp. as operator completed 22 drill holes for a
total of 2,088 metres within the Greywacke North zone.
The objectives of the program were to define the margins of the
zone, infill information gaps and to explore for lateral
extensions. The program will assist in completing an updated
resource evaluation. The results were highlighted by drill hole
GW14-123 which returned an interval of 20 metres of 8.09 g/t Au
including 9 metres of 13.73 g/t Au. Table 1 presents the extent
of elevated gold values encountered including significant
mineralized intervals. Sample analyses were completed at the Golden
Band's Jolu Mine laboratory. All samples returning assays greater
than three g/t Au were subjected to metallic assays which were used
in all calculated mineralized intervals. A QA/QC protocol,
incorporating standards, blanks, and duplicates, was implemented
for the drill program and a review of these control samples has
raised no concerns as to the validity of the results. Because
the Jolu Mine laboratory is operated by a related party, and as
should be part of any comprehensive QA/QC program, a representative
number of samples will be sent to an independent laboratory for
third party verification of results.
Table 1: Intervals of Elevated and Mineralized Values
Drill
Hole
|
From
(metres)
|
To
(metres)
|
Interval
(metres)
|
Au
(g/t)
|
GW14-105
|
32
|
38
|
6
|
0.20
|
GW14-106
|
73.4
|
88.4
|
15
|
0.55
|
Incl
|
86.4
|
88.4
|
2
|
1.97
|
GW14-107
|
63
|
71
|
8
|
0.25
|
Incl
|
75
|
87
|
12
|
1.18
|
GW14-108
|
5
|
12
|
7
|
0.19
|
Incl
|
24
|
26
|
2
|
2.43
|
GW14-109
|
9
|
27
|
18
|
0.56
|
Incl
|
15
|
20
|
5
|
1.30
|
GW14-110
|
0.8
|
3
|
2.2
|
0.87
|
|
17
|
42
|
25
|
0.70
|
Incl
|
19
|
28
|
9
|
1.28
|
GW14-111
|
45
|
47
|
2
|
4.92
|
|
55
|
56
|
1
|
13.19
|
|
61
|
65.23
|
4.23
|
0.78 EOH
|
GW14-112
|
40
|
46
|
6
|
0.74
|
|
64
|
71
|
7
|
3.23
|
Incl
|
64
|
67
|
3
|
5.67
|
GW14-113
|
93
|
102
|
9
|
1.32
|
|
106
|
110
|
4
|
1.00
|
|
116
|
123.75
|
7.75
|
1.41 EOH
|
Incl
|
117
|
119
|
2
|
3.93
|
Drill
Hole
|
From
(metres)
|
To
(metres)
|
Interval
(metres)
|
Au
(g/t)
|
GW14-114
|
7
|
31
|
24
|
0.98
|
Incl
|
21
|
25
|
4
|
3.66
|
|
43
|
51
|
8
|
1.40
|
GW14-115
|
6
|
44
|
38
|
0.80
|
Incl
|
29
|
39
|
10
|
1.58
|
GW14-116
|
93
|
119
|
26
|
0.38
|
Incl
|
111
|
113
|
2
|
1.63
|
GW14-117
|
39
|
58
|
19
|
0.38
|
|
58
|
66
|
8
|
5.29
|
Incl
|
64
|
65
|
1
|
14.67
|
GW14-118
|
118
|
130
|
12
|
1.58
|
Incl
|
123
|
124
|
1
|
6.50
|
GW14-119
|
77
|
88
|
11
|
0.26
|
GW14-120
|
NSR
|
GW14-121
|
NSR
|
GW14-122
|
113
|
144
|
31
|
0.74
|
Incl
|
126
|
133
|
7
|
1.80
|
GW14-123
|
84
|
104
|
20
|
8.09
|
Incl
|
92
|
101
|
9
|
13.73
|
GW14-124
|
96
|
105
|
9
|
2.40
|
Incl
|
98
|
99
|
1
|
13.18
|
GW14-125
|
64
|
95
|
31
|
0.40
|
|
133
|
143
|
10
|
0.47
|
GW14-126
|
12
|
32
|
20
|
1.30
|
Incl
|
25
|
30
|
5
|
3.09
|
|
42
|
71.32
|
29.32
|
0.61 EOH
|
Incl
|
54
|
58
|
4
|
2.58
|
Frank Hrdy, P.Geo., (APEGS)
Consulting Geologist, has acted as the Qualified Person as defined
in National Instrument 43-101 for this disclosure and has reviewed
and approved the scientific and technical information contained in
this release. Mike Jamieson,
P.Geol., of Taiga Consultants Ltd., oversaw and supervised the
drill program.
About Golden Band Resources Inc.
Golden Band Resources Inc. is a gold producer operating in the
La Ronge gold belt in northern
Saskatchewan and is listed on the
TSX Venture Exchange in Canada
under the symbol GBN and trades in the
United States on the OTC Pink marketplace under the symbol
GBRIF. Commercial production was declared on April 1, 2011. The Company has been actively
exploring the La Ronge Gold Belt since 1994 and has assembled a
land package of 870 km2, including 13 known gold
deposits and five former producing mines, being Jolu, Decade,
Star Lake, EP and Komis. The
Company plans to undertake aggressive drill programs throughout the
La Ronge Gold Project with the goal of significantly expanding the
existing NI 43-101 gold resources that have been identified to
date.
On behalf of the Board of Directors of Golden Band Resources
Inc.,
"Paul Saxton"
Paul Saxton, CEO
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Caution Regarding Forward-Looking Information and
Statements:
This news release includes certain forward-looking statements or
information. All statements other than statements of historical
fact included in this release, including, without limitation,
statements regarding the future exploration plans, restructuring of
operations, estimates of production, costs of production, the
sufficiency and availability of capital and financing and other
future plans, objectives or expectations of Golden Band Resources
Inc. (Company) are forward-looking statements that involve various
risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future
events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to
differ materially from the Company's plans or expectations include
risks relating to the actual results of operations, current
exploration activities, fluctuating gold prices, possibility of
equipment breakdowns and delays, cost overruns, general economic,
market or business conditions, regulatory changes, timeliness of
government or regulatory approvals and other risks detailed herein
and from time to time in the filings made by the Company. The
Company makes all reasonable efforts to update its corporate
information on a timely basis.
SOURCE Golden Band Resources Inc.