TSX.V: GBN
SASKATOON, May 1, 2015 /CNW/ - Golden Band Resources
Inc. ("Golden Band" or the "Company") (TSXV: GBN) announces that
the British Columbia Securities Commission (the "BCSC") has
reviewed the Company's NI 43-101 technical report entitled
'Technical Report and Mineral Resource Update – Bingo Gold Deposit,
Roy Lloyd Mine, Dickens West
Project', dated May 2, 2013 (the
"Report"). As a result of their review, the mineral resources
and economic analysis contained in the Report does not represent
the entire La Ronge Project area and as such is not currently
supported by the updated (June 30,
2011) Form 43-101F1 and accompanying Companion Policy
43-101CP (Standards of Disclosure for Mineral Projects). Therefore
the Report should not be relied upon until the deficiencies have
been corrected and supported by an updated report for the entire La
Ronge Project area. The Company is working with its consultants and
Qualified Persons (as that term is defined under NI 43-101) to file
a revised technical report as soon as possible and will keep the
shareholders apprised of its progress.
About Golden
Band
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. Commercial production was declared on
April 1, 2011. The Company has
recently suspended mining operations (see news release of
June 30, 2014) but 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 La
Ronge Project area).
On behalf of the Board of Directors of Golden Band Resources
Inc.,
"Paul Saxton"
Paul Saxton, CEO
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 updated
technical report, operational plans, estimates and costs of
production, 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.
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.
SOURCE Golden Band Resources Inc.